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 withdefinitionsand 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.