HT Financials - Vocabulary

Question 1

A weekly management tool used to get a snapshot view of a department (store) performance.

Answer 1

Charge Gross

Question 2

Report used to verify consistency and markup % trends and to reconcile vendor deliveriess with the Order Register

Answer 2

Consolidated Invoice Report

Question 3

When a vendor has their invoice in their handheld and brings it into the store to communicate with SoftGrocer

Answer 3

DEX (Date Exchange)

Question 4

Document that verifies correct billing and matches merchandise received

Answer 4

Invoice

Question 5

A correction made to an error in the billing of merchandise.

Answer 5

Invoice Error Correction

Question 6

When a vendor has the ability to transmit invoices from their network system to Harris Teeter and then SoftGrocer

Answer 6

NEX (Network Exchange)

Question 7

A weekly report detailing all the charges and credits to the department (Store).

Answer 7

Order Register

Question 8

A database used to record and over/shorts received.

Answer 8

Over/Short Report

Question 9

Price Types

Answer 9

1 - Regular

10 - No Decline - No Ad

20 - Decline - No Ad

30 - No Deline - On Ad

40 - Decline - On Ad

Question 10

A report which shows performance for total store and each department for the period and year to date

Answer 10

Store Operating Statement (SOS)

Question 11

Store Management Analysis Reporting Tool

Answer 11

SMART

Question 12

Ensures that product moved to or from another department or store is charged/credited properly

Answer 12

Transfer

Question 13

Database that is used to receord damage to product that occurs before a truck is unloaded at the store and damage that occurs during the unloading due to improper loading or stacking of the trailer at the warehouse

Answer 13

Transportation Damage

Question 14

Product that arrice from the warehouse in a condition not suitable for resale due to product deteriation or short dating

Answer 14

Unsaleable merchandise

Question 15

The difference between the retail charged to the store minus the retail of the item sold to the customer (VIC Specials and sales plan)

Answer 15

Declines

Question 16

Describes the differnce between the cost Harris Teeter paid for and item and it’s retail price

Answer 16

Markup

Question 17

Dollar amount of product that is on hand at the first of the period

Answer 17

Opening Inventory

Question 18

Form used to account for samples. Also used to reduce product to clean up inventory. (This must be approved by the Category Manager)

Answer 18

Supplemental Decline

Question 19

The method used to receive approved product through SoftGrocer. Item MUST have a NEX/DEX/ASN document in the system to be received. (i.e. Haddon House, American Greetings)

Answer 19

Total Accept

Question 20

The method used to accept product such as SF Anco cheese where you have weighted item that cannot be done by item. These are verified by the department PRIOR to the Vendor Receiver processing.

Answer 20

Total Only

Question 21

Describes the comparison between labor hours available and what are actually used.

Answer 21

Attainment

Question 22

Wage$ / Number of hours used

Answer 22

Average Hourly Rate (AHR)

Question 23

Total Sales in Period / Number of Weeks in the Period

Answer 23

Average Weekly Sales (AWS)

Question 24

Labor, Supplies and Waste

Answer 24

Controllable Costs

Question 25

Important dollar value you get when you subtract the Makrup% from 100, and then mulitply that number by the retail dollar amount.

Answer 25

Cost

Question 26

Money received from Vendors for demoing their product

Answer 26

Demo Labor Credit

Question 27

Tell you how much the Department (Store) made on sales after deducting declines, supplemental declines and waste.

Answer 27

Gross Profit Gross Profit = Sales - (Declines + Supplental Decline + Waste)

Question 28

Gross Profit $ / Retail Sales

Answer 28

Gross Profit Percentage (%) GP% = GP$ / Retail

Question 29

Markdowns and Throwaways

Answer 29

Known Loss

Question 30

The most controllable expense in the store

Answer 30

Labor

Question 31

Report that shows ending inventory and gross profit information and calculates shrink in Perishable Departments

Answer 31

Period End Charge Gross

Question 32

Forecasting tool used to project period sales and labor.

Answer 32

Period Projections

Question 33

Percent of sales of a department as compared to total store sales.

Answer 33

Sales Distribution

Question 34

Total Department (Store) Sales / Total hours used

Answer 34

Sales Per Man Hour (SPMH)

Question 35

Customer Dollars received in exchange for merchandise

Answer 35

Sales

Question 36

Product that cannot be accounted for; unknown loss (Hint; over-ordering can cause this)

Answer 36

Shrink

Question 37

Cost of mops, brooms, pads and other equipment used in maintaining the store

Answer 37

Cleaning Equipment

Question 38

Income received from delivering product to the customer (i.e. floral or deli trays)

Answer 38

Deliver Income

Question 39

Total cost of general supply items by the department that are not used in packaging or retail

Answer 39

Department Supplies

Question 40

Expense incurred for associates special outings, flowers

Answer 40

Employee Moral

Question 41

Charges fron outside vendors for repairs and maintenance of equipment - including parts and labor

Answer 41

Equipment Repair

Question 42

Supplies used in the course of store operations (i.e. forms, name badges, price guns, jackets ... )

Answer 42

GEneral Supplies

Question 43

Secondary items used in the prepartation of food sold to the customer

Answer 43

Ingredients

Question 44

Wages incurred while attending meetings

Answer 44

Meeting Wages

Question 45

Wages incurred while attending workshops designed and developed for the betteremnt of our associates.

Answer 45

Workshop Wages