Question: Skull candy sells headphones and other audio-mobile accessories and apparel. The company's plans call for continued expansion into other types of products.
Required: 1. How can Skull candy use departmental income statements to assist in understanding and controlling operations?
2. Are departmental income statements always the best measure of a department's performance? Explain.
3. Provide examples of nonfinancial performace indicators Skullcandy might use as part of a balanced scorecard system of performance evaluation.