Suggest solutions to these major problem

Assignment Help Accounting Basics
Reference no: EM132990664

Question - CASE STUDY - "THE PROBLEMATIC CASHIER" Rose is a long time cashier of Mrs. Suarez in their family business, a hardware store. She has been trusted for 6 years.

The past 3 months, Rose has been problematic as she needs around Php 75,000 for a medical procedure to be done on her mother. Her savings was only Php 30,000.

Suarez would close the shutters and count the money to The Thursday afternoon, Mrs. Suarez had an evening appointment.

At the close of each day, 8pm, Rose and Mrs. the next day, keeping it in a secret vault.

She asked Rose to just count the money and place it in the vault before she closed the store.

The sales that day was Php 56,000. Rose placed cut-out papers in the remittance envelope and pocketed the entire sales, closed the store and never turned up for work the next day, until she officially went on AWOL.

1. Identify the problem/s.

2. Select the major problems in the case.

3. Suggest solutions to these major problem/s.

4. Recommend the best solution to be implemented.

5. Detail how this solution should be implemented.

Reference no: EM132990664

Questions Cloud

Misuse of company phones and excessive absenteeism : Last week, Mark issued a written warning to Edna based on her misuse of company phones and excessive absenteeism. Edna has now filed a formal internal complaint
Provide the journal entries : Question - On November 1, 20x1, Pain Co. received a sale order for equipment from Gain Co., a foreign entity, Provide the journal entries
What is estimation and classification in data mining : What is estimation and classification in data mining?
Define human computer interaction : Define human computer interaction. Discuss the historical development of human computer interaction.
Suggest solutions to these major problem : The past 3 months, Rose has been problematic as she needs around Php 75,000 for a medical procedure to be done on her mother. Suggest solutions to problem
What is the effect of the changes on businesses : a. Explain the business activity model using the services of Open University Malaysia (OUM).
What is the estimated clv : What is the estimated customer lifetime value? Given the brand's 32% gross margin per order, 11% cost of capital(discount rate).
Love beyond wall program : Create power point based on Love Beyond Wall program. how well program is delivered as expected and how well it helps people who are suffering from homelessness
Intensify the integration of sustainability principles : How does the E-scooter benefit if you intensify the integration of sustainability principles? How does sustainability contribute to your business idea's economi

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd