1. Based on the above information, prepare a report for the chief financial officer of RCE Limited to evaluate their revenue cycle. In your report, you need to include the following items:

2. The additional cost required to establish separate departments for warehousing, shipping and inventory control is considered a necessary cost for the added benefit of control over inventory. Discuss this statement in the light of existing revenue cycle of RCE Limited.
3. In the light of our discussion during Interactive Tutorials, describe potential internal control weaknesses in the sales order processing procedures and cash receipts procedures of RCE Limited.
4. In the light of our discussion during Interactive Tutorials, discuss the potential risks associated with the internal control weaknesses identified in Section (2) above.
5. Based on Section (3) above, what types are frauds are possible. Hint: we have discussed different types of frauds in the interactive tutorial and lectures. Your discussion should be based on these contents.