(Answered) Question - determine the buyers otb as of november 14 using

Accounting

Question - Determine the buyer's OTB as of November 14 using the following information:

Planned sales for November $40,000

Actual sales, November 1-14 18,500

Stock on hand, November 14 65,000

Planned stock, December 1 50,000

Planned markdowns for the month 3,000

Actual markdowns, November 1-14 1,000

Stock on order, November 14 10,000

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