Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Basic Finance Expert

Question: Alex Grant recently graduated from college and is excited to be starting his first job as a store manager for The Grocery Cart, a large supermarket chain. The company has a very good management training program, and it is one of the fastest growing chains in the nation. If Alex does well managing his first store, there are a number of promising advancement opportunities in the company. After completing the store management training program, Alex met with Regina Hill, his area supervisor. She informed Alex that he would be taking charge of a medium-volume store ($250,000 in sales/week) in an upper-class neighborhood. This store had been operating without a store manager for the past six months. The store had also not made a profit in any of the monthly financial reports for the last year.

Hill also shared the following information with Alex: Because the store has been without a store manager for the last six months, the assistant manager (Drew Smith) has been in charge. Drew is known for being highly competent and a solid performer. However there have been complaints that he is frequently rude to employees and insults and ridicules them whenever they make mistakes. Turnover among sales clerks and cashiers at this store has been somewhat higher than in other stores in the area. The average pay of clerks and cashiers is $6.44/hour. The last two semiannual inventories at this store showed significant losses. There has been a large amount of theft from the store stockroom (an area where only employees are allowed). Given that the store has generally done well in sales (compared with others in the area) and that most expenses seem well under control, Hill believes that the profitability problem for this store is primarily due to theft. Therefore, she suggested that Alex's plans for the store should focus on this priority over any others.

a) As a manager, what steps should Alex take to reduce employee theft? List at least 3 ideas.

b) Analyze your suggestions and discuss whether they reflect the perspective of theft at The Grocery Cart as a problem of moral awareness, moral judgment, or moral intent.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M92604388

Have any Question?


Related Questions in Basic Finance

You deposit 278 dollars in an account every year for 5

You deposit 278 dollars in an account every year for 5 years that earns 7 percent annual interest. How much money is in your account 5 years from now? (your first deposit will be exactly 1 year from now and your last dep ...

A closed-end fund starts the year with a net asset value of

A closed-end fund starts the year with a net asset value of $25. By year-end, NAV equals $26.40. At the beginning of the year, the fund is selling at a 3% premium to NAV. By the end of the year, the fund is selling at a ...

Leo received 7500 today and will receive another 5000 two

Leo received $7,500 today and will receive another $5,000 two years from today. He will invest these funds when he receives them and expects to earn a rate of return of 11.5 percent. What value does he expect his investm ...

What is the major accounting difference between interest

What is the major accounting difference between interest incurred during a period and cash dividends declared during the same period?

Tom decides to open a small italian wine store in an

Tom decides to open a small Italian wine store in an affluent South Florida neighborhood. He will be an absentee owner and has hired Vinnie as the store manager. He has agreed to pay Vinnie a fixed salary of $75,000 per ...

Assume that your brother wants to buy shares of either

Assume that your brother wants to buy shares of either Company A or B and is looking for your advice on how to use the financial statements of the companies to make his investment decisions. Which information in the fina ...

A financial system comprises financial institutions

A financial system comprises financial institutions, financial instruments and financial markets. In the context of the Australian financial system explain the role of each of the major regulators (the RBA, APRA, ACCC, a ...

Moving cash flowyou are scheduled to receive a 420 cash

Moving Cash Flow You are scheduled to receive a $420 cash flow in one year, a $720 cash flow in two years, and pay a $320 payment in three years. If interest rates are 12 percent per year, what is the combined present va ...

With its current leverage cowcow copr will have net income

With its current leverage, COWCOW copr will have net income next year of $7 million. If COWCOWs corporate tax rate is 30% and it pays 7% interest on its debt, how much debt can COWCOW issue this year and still receive th ...

Net present valuenbspriggs corp management is planning to

Net present value:  Riggs Corp. management is planning to spend $650,000 on a new marketing campaign. They believe that this action will result in additional cash flows of $325,000 over the next three years. If the disco ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As