RECOMMENDED!!Determine the buyer’s OTB as of November 14

  

Determine the buyer’s OTB as of November 14 using the following information:Planned sales for November $40,000Actual sales, November 1-14 18,500Stock on hand, November 14 65,000Planned stock, December 1 50,000Planned markdowns for the month 3,000Actual markdowns, November 1-14 1,000Stock on order, November 14 10,000