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I need help with questions 1-6 The comprehensive problem service in Chicago, is based on Big Marker, a into the following IL Their Web site
I need help with questions 1-6
The comprehensive problem service in Chicago, is based on Big Marker, a into the following IL Their Web site is marker narrative is divided sections: company The business proces description, in controls and Company Description Big Marker was started in 2010 by was inspired to start the com- Mr. Zhu Song Mei. pany by the need to communicate with his mother a period of illness. company The was initially financed a group during over and attracted additional of angel company, investors. Big Marker is organized as a limited liability has 11 employees. Its organizational shown in the organizational chart below: structure is fairly flat. as Justin Brown Marketing Team Zhu-Song handles the financial recordkeeping using Quickbooks, and McGladrey (www gladney.com) does an annual ation and review Big Marker Big Marker uses the standard service company chart of accounts built into Quickbooks for its transac- tion processing. (The chart of accounts is block coded.) Big Marker is organized into a collection of communities which are based on com- mon interests goals. Each community has at least one organizer: for example. my com- munity is called "Bob Hurt Education Community." Additionally. one organizer can communities. Communities host meetings and webinars at in/create multiple the organizer's discretion: meetings are designed for collaboration. while webinars are nteractive presentations. As of early 2014. Big Marker had typically structured between 5.000 and 10.000 communities. and hosted 1.000-2.000 meetings webinars Internal Controls Big Marker employs several internal controls to safeguard its assets, ensure reliable finan cial reporting, promote operating efficiency and encourage compliance with man directives. Here are some controls Big Marker employs, presented in alphabetic order. 1. Asset tracking. If a Big Marker employee wants to remove a asset from the ofic of the C-suite officers must it. Additionall temporarily, one building's security staff. (Big Marker is one office in a must be signed out with the e building.) Finally, all assets are logged in both QuickBooks and a locally maintained spreadsheet. 2. Cash handling. Big Marker employs several intermal controls to help safeguard it cash. For example, the office handles no actual cash: everything. from cash collections Big Marker two separate cash accounts: one for the payroll at Chase (www.chase.com) and one for the operating expenses at Bank of America Step by Step Solution
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