Question
lesk. Sales8.Control WeaknessesFor the past 11 years, Elaine Wright has been an employee of the Star-Bright ElectricalSupply store. Elaine is a very diligent employee who
lesk. Sales8.Control WeaknessesFor the past 11 years, Elaine Wright has been an employee of the Star-Bright ElectricalSupply store. Elaine is a very diligent employee who rarely calls in sick and takes her vacation days staggered throughout the year so that no oneelse gets bogged down with her tasks for more than one day. Star-Bright is a small store that employs only four people other than the owner. Theowner and one of the employees help customers with their electrical needs. One of the employees handles all receiving, stocking, and shipping ofmerchandise. Another employee handles the purchasing, payroll, general ledger, inventory, and accounts payable functions. Elaine handles all ofthe point-of-sale cash receipts and prepares the daily deposits for the business. Furthermore, Elaine opens the mail and deposits all cash receipts(about 30 percent of the total daily cash receipts). Elaine also keeps the AR records and bills the customers who purchase on credit.
point out any control weaknesses you see in the scenario. lost some recommendations. (no additional employees can be hired)
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