The open-to-buy amount given the total planned purchases, received orders and ordered merchandise is $1,000
<h3>How to calculate the open to buy amount?</h3>
- Total planned purchase = $4,000
- Received orders = $2,300
- Ordered merchandise= $700
open-to-buy amount = Total planned purchase - (Received orders + Ordered merchandise)
= 4000 - (2,300 + 700)
= 4000 - 3,000
= 1,000
Therefore,
open-to-buy amount = $1,000
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Answer:
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Explanation:
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