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Discuss under performing cell-phone stores and terminate

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On December 1, 2016, the CFO has instructed management to immediately close-down two under performing 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 and any associated equipment ($66,000) will be sold in the liquidation market for any reasonably offered price. The company has hired a popular online auction website to facilitate the disposal process. Along with their Happy New Year card, 20 store employees are scheduled to receive termination letters, informing them of their dismissal and termination payment of $5,000.

Reference no: EM131746390

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