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Cindy Lou Linens uses the conventional retail method to estimate its ending inventories. The company records sales net of employee discounts. The following partial data has been summarized for the year ended December 31, 2009:
Required:
Compute the net markups for Cindy Lou Linens during 2009.
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Basic Ethical Principles
Fundamental guidelines that inform ethical decision-making and conduct, such as beneficence, non-maleficence, and justice.
Autonomy
The capacity or right of individuals to make their own decisions freely and independently.
Resiliency
The ability to recover quickly from difficulties; toughness.
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