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Theatre Inc. has a cashier's booth located near the theatre entrance. There are two cashiers: one works from 1 p.m. to 5 p.m., the other
Theatre Inc. has a cashier's booth located near the theatre entrance. There are two cashiers: one works from 1 p.m. to 5 p.m., the other from 5 p.m. to 9 p.m. The cashiers receive cash from customers and operate a machine that ejects serially numbered tickets. The rolls of tickets are inserted and locked into the machine by the theatre manager at the beginning of each cashier's shift. After purchasing a ticket, which costs a different amount depending on the day of the week and the customer's age group, the customer takes the ticket to an usher stationed at the entrance to the theatre lobby, a few metres from the cashier's booth. The usher tears the ticket in half, admits the customer, and returns the ticket stub to the customer. The usher drops the other half of the ticket into a locked box. At the end of each cashier's shift, the theatre manager removes the ticket rolls from the machine and makes a cash count. The cash count sheet is initialed by the cashier. At the end of the day, the manager deposits the total receipts in a bank night deposit slot. In addition, the manager sends copies of the deposit slip and the initialed cash count sheets to the head cashier for verification and to the accounting department for comparison with sales records. Receipts from the first shift are stored in a safe located in the manager's office. Question 26 (10 points) Identify the control activities and their application to cash receipts at the theatre. Format U A Ed Sh Question 27 (2 points) If the usher and cashier decided to collude to steal cash, what actions might they take? O Paragraph U A EQSh Theatre Inc. has a cashier's booth located near the theatre entrance. There are two cashiers: one works from 1 p.m. to 5 p.m., the other from 5 p.m. to 9 p.m. The cashiers receive cash from customers and operate a machine that ejects serially numbered tickets. The rolls of tickets are inserted and locked into the machine by the theatre manager at the beginning of each cashier's shift. After purchasing a ticket, which costs a different amount depending on the day of the week and the customer's age group, the customer takes the ticket to an usher stationed at the entrance to the theatre lobby, a few metres from the cashier's booth. The usher tears the ticket in half, admits the customer, and returns the ticket stub to the customer. The usher drops the other half of the ticket into a locked box. At the end of each cashier's shift, the theatre manager removes the ticket rolls from the machine and makes a cash count. The cash count sheet is initialed by the cashier. At the end of the day, the manager deposits the total receipts in a bank night deposit slot. In addition, the manager sends copies of the deposit slip and the initialed cash count sheets to the head cashier for verification and to the accounting department for comparison with sales records. Receipts from the first shift are stored in a safe located in the manager's office. Question 26 (10 points) Identify the control activities and their application to cash receipts at the theatre. Format U A Ed Sh Question 27 (2 points) If the usher and cashier decided to collude to steal cash, what actions might they take? O Paragraph U A EQSh
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