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Instructed management to immediately close-down

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Reference no: EM131432549

In a case as provided below, what can someone do On December 1, 2016, the CFO has instructed management to immediately close-down two underperforming cell-phone stores and terminate all associated employees. The inventory of cell phones ($133,000) in those stores will be transferred to other profitable stores andany associated equipment ($66,000) will be sold in the liquidation market for anyreasonably offered price. The company has hired a popular online auction website tofacilitate the disposal process. Along with their Happy New Year card, 20 store employeesare scheduled to receive termination letters, informing them of their dismissal andtermination payment of $5,000.

Reference no: EM131432549

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