Deana Crisman works at the drive-through window of Awesome Burgers. Occasionally, when a drive-through customer orders, Deana
Question:
Identify the internal control weaknesses that exist at Awesome Burgers, and discuss what can be done to prevent this theft.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 61% (18 reviews)
Awesome Burgers suffers from a failure to separate responsibilities for related operations Awesome B...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Financial Accounting An Integrated Statements Approach
ISBN: 978-0324312119
2nd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
Question Posted:
Students also viewed these Cost Accounting questions
-
Identify the internal control weaknesses that exist at Buffalo Bobs Burgers, and discuss what can be done to prevent this theft. Themailroom employees send all remittances and remittance advices to...
-
What is hacking? What can be done to prevent hacking?
-
What tends to cause burnout? What can be done to combat or prevent burnout?
-
In Problems 1158, perform the indicated operation, and write each expression in the standard form a + bi. 6i 3 - 4i 5
-
Federated Manufacturing, Inc. (FMI) produces electronic components in three divisions: industrial, commercial, and consumer products. The commercial products division annually purchases 10,000 units...
-
Find io in the circuit shown in Fig. 10.85 using superposition. 4 2 10 cos 4r V ( 1 H
-
Is an international organization like the World Trade Organization in the best position to create rules governing facial recognition technology companies can use?
-
Futi Ishanyan owns a retail business and made the following sales during the month of August 20--. There is a 6% sales tax on all sales. Aug. 1 Sale No. 213 to Jeter Manufacturing Co., $1,300, plus...
-
Mr . Scott Savage has been employed for many years by a CCPC . In 2 0 1 9 , Mr . Savage was granted stock options to acquire 4 , 0 0 0 shares of his employer for $ 5 4 per share. At that time, the...
-
Barrett Chemicals manufactures four chemicals, Chem-1, Chem-2, Chem-3, and Chem-4, from a joint process. The total joint costs in May were $564,000. Additional information follows: Required Barrett...
-
One of the largest fraud losses in history involved a securities trader for the Singapore office of Barings Bank, a British merchant bank. The trader established an unauthorized account number that...
-
The actual cash received from cash sales was $17,572.40, and the amount indicated by the cash register total was $17,589.65. Journalize the entry to record the cash receipts and cash sales.
-
Suppose Whitney Cycles, Inc., reported a number of special items on its income statement. The following data, listed in no particular order, came from Whitneys financial statements (amounts in...
-
Define social psychology and explain how social psychology is an experimental branch of the discipline of psychology in general ?
-
Alexis Texas, the CFO of Mullet Production Company, is planning next year's capital budget. It is at its optimal capital structure, which is 40 percent debt and 60 percent common equity, and the...
-
What is the difference between structuralism and functionalism in psychology?
-
What are some examples of a multiple relationship in psychology?
-
2 . What are the basic differences between macrosociology and microsociology? Give specific, practical examples of each. Which one lends itself to each of the four orienting strategies discussed in...
-
Examine the websites of five companies that are not based in the United States. Find the organizations mission statements. Compare the statements in terms of an emphasis on being a global company, a...
-
Why can wastewater treatment requirements in Hawaii be less stringent than those in most locations on the U.S. mainland?
-
Write a recursive method searchArray that searches for an element in an array of integers, and returns its position or -1 if it is not found.
-
Bernie Ebbers, the CEO of WorldCom, a major telecommunications company, was having personal financial troubles, Ebbers Pledged a large stake of his WorldCom stock as security for some personal loans....
-
Hazel Holden and Cedric Dalton are organizing Calgary Metals Unlimited Inc. to undertake a high-risk gold-mining venture in Canada. Hazel and Cedric tentatively plan to request authorization for...
-
April Layton, an architect, opened an office on June 1, 2012. During the month, she completed the following transactions connected with her professional corporation, April Layton, Architect, P.C.: a....
-
When considering organizational risk it is important to review the political, economic, social, legal, technological, and policy context. Comment on the influence/ impact each of those factors has on...
-
Morganton Company makes one product and it provided the following information to help prepare the master budget: a. The budgeted selling price per unit is $70. Budgeted unit sales for June, July,...
-
A newly admitted child has the following order for Acetaminophen 480 mg PO q4h prn for temperature greater than or equal to 38.3 degrees C. The child's weight is 32 kg. The recommended child's dosage...
Study smarter with the SolutionInn App