In the corner grocery store, all sales clerks make change out of one cash register drawer. Is
Question:
In the corner grocery store, all sales clerks make change out of one cash register drawer. Is this a violation of internal control? Why?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (10 reviews)
Yes this is a violation of internal control If all sales clerks are making change ...View the full answer
Answered By
Isabel Seraspi
I have experience teaching math, science, and English to students of all ages. I have also worked as a tutor in a college setting, helping students with their homework and preparing them for exams.
I believe that tutoring is a great way to help students learn. It allows students to get one-on-one help with their studies, and it gives them the chance to ask questions and get immediate feedback. Tutoring can also be tailored to the individual needs of the student, which is why I believe it is so effective.
I have seen firsthand how tutoring can help students improve their grades and confidence. I have also seen how it can help students who are struggling with a particular subject. I believe that tutoring is a great way to help students learn and succeed in school.
0.00
0 Reviews
10+ Question Solved
Related Book For
Accounting Tools for business decision making
ISBN: 978-0470095461
4th Edition
Authors: kimmel, weygandt, kieso
Question Posted:
Students also viewed these Business questions
-
At the corner grocery store, all sales clerks make change out of one cash register drawer. Is this a violation of internal control? Why?
-
Is this a violation of the EPA?
-
A corner grocery store has a monthly overhead of $1,500. Find each department's monthly overhead based on sales if department sales were as follows: meats, $1,200; groceries, $2,400; dairy, $600; and...
-
Assume that a company is going to invest 900,000 USD in a new project. We expect that the invested capital in the fixed assets will be fully depreciated within 3 years in a linear way. The project is...
-
In a 1996 article published in Technometrics, (Martz, Kvan, Abramson, 1996), the authors discuss the reliability of nuclear-power-plant emergency generators. To control the risk of damage to the...
-
Compare and contrast the methodologies used by Interbrand (www.interbrand.com) and BrandZ (www.brandz.com) to determine brand value. Explain why there is a discrepancy in the rankings from these two...
-
The trial balance of Kind Care Child Care, Inc., does not balance. The following errors are detected: a. Cash is understated by \($2,000\). b. A \($1,000\) debit to Accounts receivable was posted as...
-
Zimmerman Companys annual accounting year ends on December 31. It is December 31, 2014, and all of the 2014 entries except the following adjusting entries have been made: a. On September 1, 2014,...
-
(2) The cam and follower of Fig. 7.2A imparts a displacement of y(t), in the form of a periodic function, to the lower end of the system, where y(t) is shown in Fig. 7.2B. Derive the steady-state...
-
Employees identified three reasons for not participating in the program at Marshalls. How would you deal with each of these problems? Is it possible (or desirable) to satisfy all groups of employees...
-
This comprehensive case involves finding the cost for a given product. In addition, it explores cost-volume-profit relationships. It requires the preparation of a set of budgets.
-
Go to the books companion website and use information found there to answer the following questions related to The Coca-Cola Company and PepsiCo, Inc. (a) What type of income format(s) is used by...
-
A fish tank made of crown glass is full of fresh water. (a) What is the angle of refraction when the light travels from the air and enters the crown glass at an incident angle of 30.0? (b) Determine...
-
1. 23 2. 3. 4. What is the present value of the firm's daily net sales? What is the firm's daily cost of goods sold? What is the present value of the firm's daily G&A expense? What is the net present...
-
After reading the Henry Tam and the MGI Team case from the HBSP course pack and going through the lecture PPT, please answer the following questions. You are expected to conduct the discussion in the...
-
At the beginning of the year, Learer Companys manager estimated total direct labor cost to be $ 2 , 5 0 3 , 0 0 0 . The manager also estimated the following overhead costs for the year.Indirect...
-
Sarah negotiated a price of $24,980.00 for a new Toyota Camry Hybrid Sedan. She is prepared to give a down payment of 15 %. Her credit union offered her a 5-year amortized loan for the remaining...
-
Critical thinking question: Evaluate the statemnt "the breakeven points are generally different under variable costing and absorption costing". In your discussion, include the factors that can cause...
-
a. Methyl orange (whose structure is given in Section 8.12) is an acid-base indicator. In solutions of it is red, and in solutions of PH b. Phenolphthalein is also an indicator, but it exhibits a...
-
Orange juice producers are dismayed and puzzled. An economist told them that the reason the demand for orange juice fell is that a new technology allow tomato producers to pick ripe tomatoes more...
-
Muhsin Oil Company is considering investing in a new oil well. It is expected that the oil well will increase annual revenues by $130,000 and will increase annual expenses by $80,000 including...
-
Sierra Company is considering a long-term investment project called ZIP. ZIP will require an investment of $120,000. It will have a useful life of 4 years and no salvage value . Annual cash inflows...
-
Sierra Company is considering a long-term investment project called ZIP. ZIP will require an investment of $120,000. It will have a useful life of 4 years and no salvage value . Annual cash inflows...
-
You live in a city where the atmospheric pressure is either101.3 kPa (or else 14.69 psi). If you take a vessel andpressurise it to 350 kPa (or 50.75 psi) above the atmosphericpressure and connect...
-
The following selected data were taken from the financial statements of Vidahill Inc. for December 31, 2017, 2016, and 20YS: December 31 December 31 December 31 20Y7 20Y6 20Y5 Total assets $321,000...
-
2. A new computer costs $1,500. It loses 5% of its value each year after it is purchased. Determine the value of the computer after 24 months. You must include an equation with your solution. /4
Study smarter with the SolutionInn App