The swimwear department's estimated sales for the Summer season were $800,000, with anticipated markdowns of 15%. At the end of the season, the buyer had taken $110,000 in markdowns. Were the actual dollar markdowns taken more or less than planned? Compare the estimated markdowns to the actual markdowns in both dollars and percentage.

The swimwear department's estimated sales for the Summer season were $800,000, with anticipated markdowns of 15%. At the end of the season, the buyer had taken $110,000 in markdowns. Were the actual dollar markdowns taken more or less than planned? Compare the estimated markdowns to the actual markdowns in both dollars and percentage.

Name: B. The swimwear department's estimated sales for the Summer season we
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Description: B. The swimwear department's estimated sales for the Summer season were $800,000, with anticipatedmarkdowns of 15%. At the end of the season, the buyer had taken $110,000 in markdowns. Were the actualdollar markdowns taken more or less than planned?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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