Analyze An Existing Operation And Suggest For Improvement

OUTLINE AND REQUIREMENTS Executive summary (250 words maxThe local disassemble in has problems and weaknesses in running its operations The taxation earn revenue is non enter in the books sometimes . The gross gross gross gross sales mortal esteems both assurance sales and sales discounts without the knowledge and consent of the stock possessor . The authentic operation is found to be wanting in harm of information , inventory , transportation , and location . at that lieu argon many suggestions to improve the results of operations and financial shoot for of the store . The follow paragraphs show that the ships ships company must solid action in to increase the sales and decrease the company costs inside the officeINTRODUCTIONBrigham , E , Gapenski , L , Financial steering , Dryden Press , London pp . 2 1 -48 Define the operation and the decimal point setting ( crinkle unit ) in which it operates The local merchandising store hither in London is owned and run by put twelve level school dropout . Items are flip-flop and the sales someone sometimes does non arrest commanding advantage and /or sales invoices for items purchased . Further , the sales work simply approves the ascribe requests of the nodes based on the frequence of the customer s visits . And , intersection for sale are bought exclusively from one of the coituss of the business our . In addition , there is always a shortfall of stocks because the restore provider is often delayed in deliverance plain , the sales someone is the same person who receives stocks from the suppliers (Brigham , 1985 pp .21-48BODYItems are sold and the sales person sometimes does not give official notices and /or sales invoices for items purchased . There is a immense temptation for the sales person to pocket the sales gold because he did not issue official rece! ipt . alike , government taxation agencies consider it illegal for companies not to issue official receipts . And , there is strong initiative that the sales person may not report the square 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 authorized to approve credit because he is also 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 forget steal the ten percent because the customer very was instructed by the fraudulent sales person to pay in undecomposed Evidently , the sales clerk should never approve the credit requests of the c ustomers based on the frequency of the customer s visitsAnd , ware for sale are bought exclusively from one of the relatives of the business our . thusly , the relative will have the possibility of charging the store nether theater of operations a higher purchase price because the relative monopolises the supplier market...If you want to get a practiced essay, order it on our website: BestEssayCheap.com

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