a.) b.)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Determine the IMU% which will be required to achieve a 5.2% profit with the following figures:
• Markdowns
4.0%
• Employee discounts
• Expenses
• Shortages
• Cash discounts
0.9%
45.0%
1.2%
1.1%
• Alteration costs
0.9%
a.) Calculate the IMU% for this department
b.) What is the Reduction% for this department
Transcribed Image Text:Determine the IMU% which will be required to achieve a 5.2% profit with the following figures: • Markdowns 4.0% • Employee discounts • Expenses • Shortages • Cash discounts 0.9% 45.0% 1.2% 1.1% • Alteration costs 0.9% a.) Calculate the IMU% for this department b.) What is the Reduction% for this department
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