The Case of Missing Funds at Vroom Car Dealership

Sue Peters Discovers a Shortage

Sue Peters is the controller at Vroom, a popular car dealership in town. Recently, she noticed a shortage in the fund used for gas purchases before test drives. This fund is crucial for the smooth operations of the dealership as it allows potential customers to take the cars for a spin. Upon further investigation, Sue found out that the new bookkeeper, Dale Miller, had been using the fund to pay for his own gas.

Confronting Dale Miller

When Dale returned to work, Sue bravely confronted him about the missing funds. Dale admitted to occasionally using the money for personal expenses, including gas for his own car. The estimated shortage in the fund amounted to $450. This revelation left Sue in a tough spot, as she now had to decide on the appropriate course of action.

What Should Sue Do?

Sue is faced with a dilemma that requires a firm and decisive response. Since Dale has confessed to using the fund for personal use, Sue must take action to ensure this behavior does not continue. Here are some steps that Sue can consider:
  1. Ask Dale to provide receipts for all the gas purchases he made using the fund.
  2. Calculate the total amount Dale has used for personal expenses and ensure he reimburses the fund accordingly.
  3. Implement stricter controls and monitoring over the fund to prevent future misuse.
  4. Have a serious conversation with Dale about the consequences of his actions and make it clear that such behavior is unacceptable.
  5. If necessary, involve higher management or HR in addressing the issue and determining the appropriate disciplinary action.

Conclusion

In conclusion, Sue Peters must take immediate action to address the missing funds at Vroom car dealership. It is essential to establish clear guidelines and consequences for employees who misuse company funds. By confronting Dale Miller and implementing stricter controls, Sue can safeguard the financial integrity of the dealership and prevent similar incidents in the future.

What steps should Sue Peters take to address the missing funds at Vroom car dealership caused by Dale Miller's misuse?

Since Dale has admitted that he has used it for his own gas, Dale should henceforth has two options. He has to either see whether that is according to his salary package, If it is a miscellaneous expense, it is rather too high for Dale to use that $450. He should track in fuel cost of Dale, report it on a daily basis. He should always at the end of the day check his income and expenses. Sue needs to check his income expenses on a daily basis. He should confront Dale henceforth not use cash for personal use. He should collect the money Dale should show the receipt to Sue. He should let Sue control the money. It has a deficit because he did not manage to keep the money aligned. Dale used for personal expenses totally against the business loss.

← Arthur s miniature chocolate dollhouses business break even analysis Choosing between two machines equivalent annual cost analysis →

More Posts: