Question: Write a memorandom that explain how a 3 percent decline in sales could cause a 21 percent decline in profits. your memo should address the

Write a memorandom that explain how a 3 percent decline in sales could cause a 21 percent decline in profits. your memo should address the following:

a. An identification of the accounting concept involved.

b. A discussion of how various major types of costs incurred by Home depot were likely affected by the decline in sales.

c.The effect of the decline in sales on Home Depot's margin of safety.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Write a memorandum that explains how 3 percent decline in sales could cause a 21 percent decline in profits

Q:

COP C Def C Def C Def C Def Lim E n Un Los 5 Exa et default.aspx?SectionID=743&ta bid=155=/unit74/ Read tached file: ATC 3-4 Writing Assignment Operating leverage, margin of safety, and cost behavior...

Q:

US WELDSDA! SECTION = /43&tabid=155=/unit/4/Read C3-4 Writing Assignment Operating leverage, margin of safety, and cost behavia its Form 10-K Skechers U.S.A., Inc. describes itself as follows: We...

Q:

In its Form 10-K Skechers U.S.A., Inc. describes itself as follows: We design and market Skechers-branded lifestyle footwear for men, women and children, and performance footwear for men and women...

Q:

Writing Assignment Operating leverage, margin of safety, and cost behavior In its Form 10-K Skechers U.S.A., Inc. describes itself as follows: We design and market Skechers-branded lifestyle footwear...

Q:

ATC 3-4 Writing Assignment Operating leverage, margin of safety, and cost behavior In its Form 10-K Skechers U.S.A., Inc., describes itself as follows: We design and market Skechers-branded lifestyle...

Q:

ATC 3 - 4 Writing Assignment Operating leverage, margin of safety, and cost behavior In its Form 1 0 - K Skechers U . S . A . , Inc., describes itself as follows: We design and market Skechers -...

Q:

In its Form 10-K Skechers U.S.A., Inc. describes itself as follows: We design and market Skechers-branded lifestyle footwear for men, women and children, and performance footwear for men and women...

Q:

I need some help with this problem. In its Form 10-K Skechers U.S.A., Inc. describes itself as follows: We design and market Skechers-branded lifestyle footwear for men, women and children, and...

Q:

I submitted this question previously, and received a balance sheet. This question is supposed to be a writing assignment. ATC 3-4 Writing Assignment Operating leverage, margin of safety, and cost...

Q:

Classification of Acquisition Costs Selected accounts included in the property, plant, and equipment section of Lobo Corporations balance sheet at December 31, 2009, had the following balances. Land...

Q:

A retaining wall with a smooth vertical back retains sand backfill for a depth of 6 m, The back fill is horizontal and the soil retained has the following properties. = 30 e = 0.74 and 6=2.68

Q:

A preference decision in capital budgeting: a . involves using market research to determine customers' preferences. b . comes before the screening decision. c . is concerned with whether a project...

Q:

last two options for the multiple choice are : performance management development A construction equipment manufacturer, Roswell Corporation, is focusing on becoming a leader in sustainability in...

Q:

3 How can reward and motivational systems be successfully employed in international joint ventures in order to meet the needs and aspirations of an indigenous workforce?

Q:

2 To what extent are Western HRM principles and practices being applied in Chinese enterprises, and how successful are these? How do they contrast with Chinese indigenous approaches, and to what...

Q:

1 Is there a relationship between cultural values in specific countries (e.g. collectivism, power distance, instrumentalism, humanism) and the way (indigenous) organizations respond to changes in...