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500 words. you can use examples ......What is the retail method of accounting? Why is the retail method of accounting commonly used for apparel and

500 words. you can use examples ......What is the retail method of accounting? Why is the retail method of accounting commonly used for apparel and other fashion/seasonal goods? What is the fundamental purpose of a merchandise budget? In retail settings, why does a reduction of price also reduce the total value of the inventory?

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