PartyPalace Co. is a local bar just opened up in PG. Their sales are in liquor and door sales. At the end of the night, a reconciliation of inventory (liquor) and cover charge for entry is done. The number of cover charges collected is $2,500 (200 people) and liquor sales are showing 20% of people let in bought from the bar. Revenues were also a dramatic decrease from the previous night. The usual nights bring in 70-80% of revenue from drink sales and around the same reduction in liquor inventory. Inventory was not reduced as expected. What do you think is happening? How do we stop it? (10 marks) os 31 32