Assignment Question(s):(Marks 5)
1. Expenditure cycle case analysis
Karim Books Inc. is one the fastest growing book distributors in KSA. Karim Books was originally a side project of founder and current president Khan Walker, who at that time was employed by a local law firm. Because reading was much more that just o hobby of his, he decided to use some of his savings to build a neighborhood bookstore.
As the years passed, Khan Walker quit the law firm and began concentrating fully on his bookstore. More sales were attained each year that passed. Walker has rapidly become on the largest book distributors in the country. Walker was faced with two problems: many large, upscale bookstores were being built in the area, and the use of internet for findings and ordering books was becoming cheaper and more popular for current customers.
Some of his customers, however, are now experiencing problems with Walker Books that threaten their business relationship. Such problems as booking being ordered but net sent, poor inventory management by Walker causing stock outs, and the inability of Walker to provide legitimate document of transactions have become common.
Question: Gives some solutions to the problems faced Walker. [2.5 marks]
