Question 77 2 points Given the following information and usi

Question 77 (2 points) Given the following information and using the Built up Method estimate shoe departmental square footage requirements: Projected yearly department sales = $200,000; Annual inventory turnover = 3; Average shoe pair price = $20; % Displayed = 60%; 1/2 sq. foot need per pair. 100 square feet 1,000 square feet 10,000 square feet 400 square feet None of the above

Solution

Projected yearly dept sales = 200000

displayed = 60% = 120,000

Space requried = 1/2 sq.ft per pair

Hence for 120,000 space required = 120,000(1/2) = 60000 sq ft.

Option last (None of the above)