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4 Home Station is a national home improvement chain with more than 100 stores throughout...

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4 Home Station is a national home improvement chain with more than 100 stores throughout the country. The manager of each store receives a salary plus a bonus equal to a percent of the store's net fit for the reporting period. The following net profit calculation is on the Denver store manager formance report for the recent monthly period 800,000 500,000 200,000 75,000 925,000 Wages expense . Net profit.. .. In previous periods, the bonus had also been 0.5%, but the performance report had not included any charges for the home office expense, which is now assigned to each store as a percent of its sales Required Assume that you are the national office manager. Write a one-half page memorandum to your store man- agers explaining why home office expense is in the new performance report

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