I have an assignment that is to be written in APA format, including a cover page and introduction, minimum of 400 words. I currently have all the answers but they are not in essay format, they are just listed out. Would this be something that you guys could help me with? I have attached the assignment in case you would like to take a look at it. I look forward to hearing from you.

Auditing standards require the auditor to obtain an understanding of the entity and its environment as a basis for assessing the risks of material misstatements. Business models differ across organizations and industries leading to unique business processes needed to account for transactions. While the core business functions for the sales and collection cycle discussed in this chapter are generally relevant to all organizations, the underlying business processes and related documents and records are often unique to each organization. Below are four descriptions of different businesses. 1. The Starbucks Coffee Company sells regular and specialty coffees and teas in over 15,000 stores spanning more than 50 countries. Customers use cash, debit or credit cards, and pre-paid Starbucks cards to purchase individual drinks that are served to them within minutes. 2. Amazon.com is one of the world's largest online retailers of all kinds of products. While consumers can find a wide variety of products available at Amazon.com, the company is known for its huge selection of new and used books that can be purchased on its Web site. 3. Most people have a personal physician who provides medical care when needed, including annual physicals and other medical services. Patients make appointments to be seen by their physician, who examines the patient and prescribes treatments and medications when needed. Insured patients often pay a co-payment with the balance paid by the insurance company. 4. The majority of universities generate a significant portion of their revenue from tuition. Universities bill students in advance for classes that will be taken in an upcoming term. For full-time students, most universities charge a set tuition amount after students enroll in a minimum number of courses per term. Required Analyze each of the above independent business scenarios to answer each of the following questions: a. Using the eight business functions for the sales and collection cycle illustrated in Table 14-1 on page 441 as a guide, briefly describe the underlying business processes related to each of the eight functions for the sales and cash collections for the above independent scenarios. b. What documents or other source evidence would you use to test the occurrence transaction-related audit objective for sales for each of the four scenarios? c. For which of the four scenarios would the sales returns and allowances business function not be applicable? d. For which of the four scenarios would the write-off of uncollectible accounts and bad debt expense business functions not be applicable? SOLUTION (a) Business Function Processing Starbucks Baristas receive orders Amazon Customers shop and Physician Practice Physicians provide University University registrars have customer orders from customers at the process orders online via medical treatments based records of enrolled cash register. the Amazon.com Web on the physician's students. Students are site. diagnosis while patient is billed in advance of a at the office. semester based on whether they are full-time or part-time students. Granting credit No credit approval is Customers make Before services are Many universities do not required for cash sales. purchases via debit or provided, patients must grant credit for tuition. Debit or credit card sales credit cards. The Amazon present documentation of Rather, students seek are verified by swiping of system verifies credit health insurance coverage. credit from outside card, which verifies worthiness with credit Physician practices sources (e.g., student transaction. Large debit or card company before generally are aware of loans) and remit the cash credit card sales require completing sales order. insurance coverage for to the university. If tuition online credit approval specific health plans. For is not paid by a certain from credit card company. those patients without date in the early part of a health insurance, some semester, the student is no practices require longer allowed to take prepayment of services classes. and they often require patients to sign legal documents indicating Shipping goods Goods are delivered to Goods are shipped after their obligation to pay. Medical services are There is no shipment of customer on site just after the online sale is provided to the patient at goods. Universities order is placed. processed. Shipment is the physician's office. No deliver classes onsite or made via third-party shipment of goods is online. shippers (e.g., FedEx, required. Billing All sales are entered in UPS, etc.). The Amazon online sales customers and the cash register upon system captures the sales collected from patient advance of providing recording sales ordering. order at the point of upon exiting the access to classes. Tuition ordering and customer physician's offices. is recorded as a receivable debit or credit card Physician practices bill when billed and the transactions are approved insurance companies for revenue is recorded once before order is complete; services provided. Any the courses are delivered. payment is processed by non-covered services are Amazon from credit card later billed to the patient. Co-payments are Tuition is billed in companies, generally daily. No separate billing Processing and Cash is collected as order by Amazon is required. Cash is received A cashier at the Tuition payments are recording cash is placed and cash is electronically from physician's office collects typically received at the receipts entered customer bank accounts any co-payments or other university's cashier's in the cash register for debit card transactions amounts as patient exits office or by mail via a drawer. Subsequently, and from credit card the physician's office. bank lockbox. cash in drawer is company electronic funds Payments from insurance reconciled to records transfer (EFT) companies are sent to the generated by the cash transactions. physician's offices for Processing and register. Returns or discounts are Customers must ship processing. Generally, pre-negotiated Any tuition waivers or recording sales recorded using the cash merchandise for return discounts associated with scholarships provided by returns and register. Most likely, back to specified Amazon health insurance are the university are discounts larger returns or discounts distribution center for processed at the point of processed as part of the must be approved by the processing. Discounts are checkout. However, other billing process as store manager. applied electronically by discounts may be required approved by the the Amazon online sales by the insurance registrar's office. system at the point of company, which would be customer ordering. processed later by the If tuition is not paid in Writing off The only uncollectible The only uncollectible physician's billing office. Because of the uncollectible accounts relate to accounts relate to complexities surrounding full, the student generally accounts purchases made with an purchases made with an health insurance coverage is unable to complete invalid credit card. invalid credit card. and because of the courses. Most universities number of individuals require payment in full without health insurance, before a certain point in there is a high likelihood the semester. When tuition that patient receivables is unpaid, the student is no may not be fully longer able collectible. Physician to take the course. While practices closely monitor some private universities uncollectible accounts and may set up longer-term periodically write-off receivables, most those deemed universities require the uncollectible. Many are student to obtain loans turned over to collection from non-university agencies for processing. sources; thus, they often do not maintain large long-term receivable balances. Write-off of tuition receivables would be approved by the Providing for Because most sales are Because most sales are Because of the high university's billing office. The university's bad debts made with cash or debit made with debit or credit likelihood of uncollectible accounting function card, the only provision card, the only provision patient receivables, the would be required to for bad debts relates to for bad debts relates to provision for bad debts Is record an estimate of sales paid by credit cards sales paid by invalid debit likely to be a material likely bad debts that are not valid. or credit cards. account. associated with unpaid tuition. b. Transaction Objective Occurrence of Starbucks The auditor would likely Amazon The auditor could inspect Physician Practice The auditor could select a University The auditor could select a sales reconcile sales records documentation from the sample of patient revenue sample of tuition revenue generated by the cash Amazon distribution transactions recorded and transactions and verify register system to cash centers that goods were verify that there was payment was received deposited at the bank to shipped for a sample of documentation of medical from the student for the obtain evidence that sales transactions procedures performed in amounts billed. The recorded sales occurred. If recorded. the patient's medical auditor could also verify sales are overstated, no records. records in the registrar's cash would have been The auditor could also office that the student is received from customers examine subsequent enrolled and course for those invalid sales. So, electronic fund transfers grades were issued for the cash deposited would be from banks and credit semester paid. less than sales in that card companies for sales situation. orders processed. The auditor may perform analytical procedures that examine the relationship between sales recorded and inventory usages. c. Physician offices and universities would generally not have sales return activities. While Starbucks may receive returns for some merchandise in their stores (e.g., coffee mugs), they would likely not process a high volume of returns for drinks, which are usually consumed shortly after purchase. d. Starbucks and Amazon most likely would not have a large volume of write-offs of uncollectible accounts given they generally accept payment in cash and debit or credit cards, which are processed daily by bank and credit companies