Many retail companies experience customer and employee theft (or what is referred to as shrinkage) that equals

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Many retail companies experience customer and employee theft (or what is referred to as shrinkage) that equals 1%– 2% of their total sales. For a company such as Walmart, this seemingly small percentage of total sales translates to billions of dollars. What types of internal controls might Walmart use to reduce its shrinkage?

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Managerial Accounting

ISBN: 978-0077522940

15th edition

Authors: Ray Garrison, Eric Noreen, Peter Brewer

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