Download American Landlord: Everything U Need to Know about Property by Trevor Rhodes PDF

By Trevor Rhodes

The Definitive advisor for each Landlord no matter if you simply have an additional room to hire or a becoming apartment empire, you continue to desire trustworthy info and specialist suggestion to ensure you do it correct. Drawn from years of expertise supporting hundreds of thousands of landlords, American Landlord leads all people from the hot landlord to the outdated seasoned via the entire bits and bobs of estate administration.

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Extra resources for American Landlord: Everything U Need to Know about Property Management

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Product movement: errors generated by the movement of goods within the business. Key areas of vulnerability would include mistakes made in the receiving of goods, the transfer of goods and returns/refunds. Examples would include: shortages in deliveries to a store directly from a manufacturer or a distribution centre; transfers to others stores incorrectly recorded; products for use within the store not recorded properly; goods returned to the store by the consumer that are not entered back onto the system, or cannot be returned to the supplier.

Technologies relating specifically to managing shrinkage have also developed markedly in the last 30 years spawning a major industry in itself. Some of the most obvious examples include: developments in Electronic Article Surveillance (EAS) which is a system designed to make the theft of items more difficult; Closed Circuit Television (CCTV), to, amongst other things, enable remote monitoring of retail spaces; and data mining technologies, which are focused on analysing EPoS data to look for incidents of staff theft or error.

Each method has strengths and weaknesses associated with them. The first option (sales value) certainly presents the largest value for the lost product but some retailers who purposefully build in discount factors to their product ranges (such as the clothing sector) consider this an unrealistic representation of the cost to the business as initial prices have very high profit margins which are often designed to be reduced to attract customers at sales time. The second option (purchase price) is often favoured by the audit and finance functions within retailers as it offers a prudent measure consistent with the philosophy of valuing goods at the lower of cost or market value, in line with common accounting practice (Upchurch, 2002).

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