Answered step by step
Verified Expert Solution
Question
1 Approved Answer
All food orders for a restaurant are required to be input into an electronic device, which records all food orders by food server and transmits
All food orders for a restaurant are required to be input into an electronic device, which records all food orders by food server and transmits the order to the kitchen. All food servers are responsible for collecting cash for all their orders and must turn in cash at the end of their shift equal to the to the sales value of food ordered for their I.D. number. The manager then reconciles the cash received for the day with the computerized record of food orders generated. The manager investigates all differences immediately. Which would be the best control for corporate headquarters to monitor when an individual restaurant might not be recording all its revenue and transmitting the applicable cash to the corporate headquarters? 1. All food servers are bonded. 2. There is segregation of duties between the servers and the kitchen. 3. Management prepares a detailed analysis of gross margin per store and investigates any store that shows a significantly lower gross argin. 4. Cash is transmitted to corporate headquarters on a daily basis. 1 2 o 3 O O O4
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started