Question

Is it possible for a retail store such as Apple to use variances in analyzing its...

Is it possible for a retail store such as Apple to use variances in analyzing its operating performance? Previous Next

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Variance analysis is the tool to identify the gap between two variable. The two variables are actual and predicted. It help to analyze the reason for the gap between the two variable.

Effective variance analysis can help a company spot trends, issues, opportunities and threats to short-term or long-term success. Retail store also prepare the budget and projected result therefore use of variance is beneficial for them as well. Operating performance can be improved with the use of variance analysis.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Is it possible for a retail store such as Apple to use variances in analyzing its...
Is it possible for a retail store such as Apple to use variances in analyzing its operating performance? Explain.
Big Apple Sporting Goods is a retail store that sells a variety of sports equipment. The...
Big Apple Sporting Goods is a retail store that sells a variety of sports equipment. The company’s fiscal year ends on December 31. Information to be used for the operating budget this coming year follows. Sales and Merchandise Purchases Budget Information Sales for this coming year ending December 31 are expected to be as follows: First quarter $600,000 Second quarter $650,000 Third quarter $660,000 Fourth quarter $800,000 Cost of goods sold is 40 percent of sales (this is the first...
Apple is considering expanding a store. Identify 3 methods that management can use to evaluate whether...
Apple is considering expanding a store. Identify 3 methods that management can use to evaluate whether to expand or not.
You were just promoted to manager of a high-end retail store. As you are sorting through...
You were just promoted to manager of a high-end retail store. As you are sorting through your responsibilities, you receive an e-mail from HR outlining the process for performance evaluations. You are also notified that you must give two performance evaluations within the next two weeks. This concerns you, because you don’t know any of the employees and their abilities yet. You aren’t sure if you should base their performance on what you see in a short time period or...
At a retail store, 20% of customers use the stores' online app to assist them when...
At a retail store, 20% of customers use the stores' online app to assist them when shopping in the store, 80% do not. Of those customers that use the online app while in the store, 50% are very satisfied with their purchases, 40% are moderately satisfied, and 10% are dissatisfied. Of those customers that do not use the online app while in the store, 30% are very satisfied, 50% are moderately satisfied, and 20% are dissatisfied. Draw a tree. Label...
Palu Gear is mountaineering gear retail store operating in Northern Colorado. From its humble beginning of...
Palu Gear is mountaineering gear retail store operating in Northern Colorado. From its humble beginning of one store, the chain has expanded to 5 stores spread across the area. The most popular items sold by Palu Gear is an in-house designed hightech "Palu jackets". These jackets are sold throughout the entire year and their demand is not materially affected by time of the year. Annual jacket revenues for each store were of similar size and amounted to roughly $1,000,000 per...
Palu Gear is mountaineering gear retail store operating in Northern Colorado. From its humble beginning of...
Palu Gear is mountaineering gear retail store operating in Northern Colorado. From its humble beginning of one store, the chain has expanded to 5 stores spread across the area. The most popular items sold by Palu Gear is an in-house designed hightech "Palu jackets". These jackets are sold throughout the entire year and their demand is not materially affected by time of the year. Annual jacket revenues for each store were of similar size and amounted to roughly $1,000,000 per...
A small retail store has hired you to perform some management advisory services. The following information...
A small retail store has hired you to perform some management advisory services. The following information pertains to the current week operations. $ Sales (60 units) 12,000 Cost of goods sold 1,680 Commissions (4% of sales) 480 Store staff's salary per week 3,000 Advertising and promotion per week 500 Other operating costs per week 1,000 A) What are the estimated total fixed costs if the store expects to sell 80 units next week? B) What are the estimated total variable...
BAYES FORMULA 9) At a retail store, 20% of customers use the store’s online app to...
BAYES FORMULA 9) At a retail store, 20% of customers use the store’s online app to assist them when shopping in the store ; 80% of store shoppers don’t use the app. Of those customers that use the online app while in the store, 50% are very satisfied with their purchases, 40% are moderately satisfied, and 10% are dissatisfied. Of those customers that do not use the online app while in the store, 30% are very satisfied with their purchases,...
A retail store is currently short of a certain product, and the manager is now planning...
A retail store is currently short of a certain product, and the manager is now planning on how many amounts of such product to import for the sales of them in next month. The store pays $20 (the import price) per unit of the product, and then sells it for $30 (the marked price in that store) per unit. However, if the store is not able to sell these imported products in the next month, these products must be disposed...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT