Maya Lopez
August 24, 2020
FINC 331 Week 3 Homework
August 24, 2020
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E8-13 Lane amp; Goble Bookstore has a liberal return policy. A customer can return any product for a full refund within 30 days of purchase.

E8-13 Lane & Goble Bookstore has a liberal return policy. A customer can return any product for a full refund within 30 days of purchase. When a customer returns merchandise, Lane & Goble policy specifies:•Store clerk issues a prenumbered return slip and refunds cash from the cash register. Keep a copy of the return slip for review by the manager.•Store clerk places the returned goods back on the shelf as soon as possible. Lane & Goble uses a perpetual inventory system.1.How can a dishonest store clerk steal from Lane & Goble? What part of company policy enables the store clerk to steal without getting caught? (pp. 411-412)2.How can Lane & Goble improve its internal controls to prevent this theft? (pp. 411-412)

 

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