1- Discuss the various divisions and departments that would be found in a Macy's Department Store. For instance, list the various departments - i.e. Houseware, Men's Clothing, Women's Apparel, Furniture, Jewelry, etc.
2- Comment on how the managers of these departments would be evaluated based on responsibility accounting.
3- Identify the following terms with definitions and formulas:
a- Breakeven point
b- Incremental analysis
c- Margin of safety
d- Operating leverage
e- Sales mix
4- Compare Macy's to Nordstrom and give reasons on which is preferred as a business.