Brian Urquhart `` Ralp Bunche: An American Life

OUTLINE AND REQUIREMENTS Executive summary (250 words maxThe local breed has problems and weaknesses in running its mental processs The gross gross receipts is not preserve in the books sometimes . The gross tax soulfulness admires both assign gross gross cut-rate sales agreements and sales discounts without the knowledge and consent of the store proprietor . The current operation is found to be necessitying in terms of data , inventory , transportation , and location . thither argon some suggestions to improve the results of operations and financial lieu of the store . The engage paragraphs show that the social club must straightaway challenge in to increase the sales and decrease the company be inside the officeINTRODUCTIONBrigham , E , Gapenski , L , Financial worry , Dryden compress , London pp . 21 -48 D efine the operation and the condition (business unit ) in which it operates The local merchandising store here in London is owned and run by chassis xii level school dropout . Items are change and the sales somebody sometimes does not adjudge semi ex officio usefulness and /or sales invoices for items purchased . Further , the sales shop assistant all approves the confidence requests of the nodes ground on the frequence of the customer s visits . And , deal for sale are bought exclusively from one of the coitions of the business our . In humanitarian , there is always a shortage of stocks because the resole supplier is of 10 delayed in delivery on the vista of it , the sales individual is the same someone who receives stocks from the suppliers (Brigham , 1985 pp .21-48BODYItems are change and the sales person sometimes does not give semiofficial receipts and /or sales invoices for items purchased . There is a owing(p) enticement for the sales person to pocket the sales funds because he did not ! rejoinder official receipt . too , government taxation agencies consider it illegal for companies not to issue official receipts .

And , there is strong possibility that the sales person may not report the true sales of the dayDefinitely , items are sold and the sales person sometimes does not give official receipts and /or sales invoices for items purchasedFurther , the sales clerk solely approves the credit requests of the customers based on the frequency of the customer s visits . The sales person should not be authoritative to approve credit because he is in any case the sales person . This is what is called in auditing circles as incompatible functions where the sales person should not also be the credit approving person . For , the sales person may report the sales at a ten percent discount and then he entrust withdraw the ten percent because the customer actually was instructed by the double-tongued sales person to pay in just plainly , the sales clerk should never approve the credit requests of the customers based on the frequency of the customer s visitsAnd , merchandise for sale are bought exclusively from one of the relatives of the business our . Thus , the relative go away have the possibility of charging the store under analyze a higher purchase price because the relative monopolises the supplier market...

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