1. For physical controls, independent internal verification, and human resource controls, describe a real life business example of a cash disbursement control. Explain how the cash disbursements are being protected by each cash disbursement control.
2. Go to a finance/investing site such as Morningstar.com or yahoo.com and "analyze" the Ch8 - accounts receivable turnover and average collection period ratios for a public corporation and its competitor. For each ratio, describe if the company is doing well in comparison to its competitor's ratio results.