INTERNAL CONTROL CASES 1. Solution Smith’s Market a)‚ b) See diagrams on the following pages. c) Internal Control Weaknesses 1) Access to the cash drawers by sales clerks requires more accountability. Each drawer is accessed by various clerks throughout the day and cash may be withdrawn by any of them. 2) The internal cash register tape should be used as a control to determine how much cash (including checks‚ and credit card vouchers) should be in the register drawer. 3) The shift
Free English-language films Cash register Cheque
The Built & Human Environment Review‚ Volume 3‚ Special Issue 1‚ 2010 Using Grounded Theory Methodology and Rich Picture Diagrams in analysing Value Creation in Houses of Culture Projects in Sweden Laurell Stenlund‚ K. Kristina.Laurell-Stenlund@ltu.se Luleå University of Technology‚ Luleå‚ Sweden Abstract What kind of value does a public building for cultural activities create for clients‚ construction professionals and users? One approach to understand the complexity of ongoing processes
Premium Construction Project management Case study
Correct the EOQ and ROP quantities for each of the five items mentioned in the case. How do the corrected figures compare with the quantities calculated in 1969 and with production volumes scheduled for the June 1972 bottling run? The corrected numbers are much smaller than the scheduled amounts. If Blanchard did produce what they had originally planned‚ they would have a lot of unused inventory. What are the disadvantages of the formal EOQ/ROP system and the actual system used for scheduling
Premium Forecasting
clear understanding about these tools. The subject is proposed to be covered in four phases viz. developing conceptual knowledge‚ using the tools to simple problems with hand calculations‚ using computer to solve complex problems‚ and discussing few cases. MS Excel is used as computer package to develop simple templates to solve problems. Within available time only few OR techniques are included in the course. However‚ students are advised to familiarize themselves with other techniques on their own
Premium Problem solving Operations research Linear programming
Case Study: Westover Electrical‚ Inc. Westover Electrical‚ Inc.‚ is a medium-size Houston manufacturer of wire windings used in making electric motors. Joe Wilson‚ VP operations‚ has experienced an increasing problem with rejected product found during the manufacturing operation. "I’m not sure where to begin‚" admitted Joe at the weekly meeting with his boss. "Rejects in the Winding Department have been killing us the past two months. Nobody in operations has any idea why. I have just brought in
Premium Costs Electric motor Wind
MICRO-ECONOMICS ASSIGNMENT Q(1) Explain and illustrate with diagrams the differences between diminishing marginal returns and decreasing economies of scale and cite causes and examples. Ans. The law of diminishing returns is also called the law of variable proportion‚ as the proportions of each factor of production employed keep changing as more of one factor is added. The law of diminishing returns does not imply that adding more of a factor will decrease the total production‚ a condition
Free Economics
investigation and response. Perry‚ M. C. (2006). A Fish(bone) Tale. Quality Progress‚ 39(11)‚ 88. Retrieved from https://wgu.idm.oclc.org/login?url=http://search.ebscohost.com/login.aspx?direct=true&db=asf&AN=501333980&site=eds-live&scope=site The fishbone diagram is a quality improvement tool developed by Kaoru Ishikawa to help identify potential
Premium
What must Hank prove to have New Will admitted to probate‚ and‚ in light of Abby’s contest‚ is it likely that Hank will succeed? First of all‚ Hank will succeed in proving the will but he must prove that the new will was properly executed and that Ginger did not lack the ability to make her new will at that time. Because Abby’s will contest was filed before the new will is admitted into an authorization. To prove that the will was duly effected‚ a will proponent must prove that it was signed by
Premium Family Marriage Mother
Software development process A software development process‚ also known as a software development life-cycle (SDLC)‚ is a structure imposed on the development of a software product. Similar terms include software life cycle and software process. It is often considered a subset of systems development life cycle. There are several models for such processes‚ each describing approaches to a variety of tasks or activities that take place during the process. Some people consider a life-cycle model a more
Premium Software development process Software engineering
Facts: The Negro plaintiffs in these cases were denied admission schools attended by the white children under the laws requiring or permitting segregation according to race. All the court adhered to the “separate but equal” doctrine and held that the plaintiffs were not admitted to the white schools (except for the plaintiff in the Delaware case). In the instant cases‚ the plaintiffs contend that segregated public schools are not “equal” and they are deprived of the equal protection of the laws.
Premium Plessy v. Ferguson Fourteenth Amendment to the United States Constitution Brown v. Board of Education