Rotundos Pizza operates strictly on a takeaway basis. Customers pick up their orders at a counter where
Question:
Rotundo’s Pizza operates strictly on a takeaway basis. Customers pick up their orders at a counter where a clerk exchanges the pizza for cash. At the counter, the customer can see other employees making the pizzas and the large ovens in which the pizzas are baked.
Required
Identify the five principles of internal control and give an example of each principle that you might observe when picking up your pizza.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (15 reviews)
The five principles of internal control and their examples are i segregation of duties This principle states that every employee involved in a transac...View the full answer
Answered By
James Warinda
Hi! I’m James Otieno and I'm an experienced professional online tutor with countless hours of success in tutoring many subjects in different disciplines. Specifically, I have handled general management and general business as a tutor in Chegg, Help in Homework and Trans tutor accounts.
I believe that my experience has made me the perfect tutor for students of all ages, so I'm confident I can help you too with finding the solution to your problems. In addition, my approach is compatible with most educational methods and philosophies which means it will be easy for you to find a way in which we can work on things together. In addition, my long experience in the educational field has allowed me to develop a unique approach that is both productive and enjoyable.
I have tutored in course hero for quite some time and was among the top tutors awarded having high helpful rates and reviews. In addition, I have also been lucky enough to be nominated a finalist for the 2nd annual course hero award and the best tutor of the month in may 2022.
I will make sure that any student of yours will have an amazing time at learning with me, because I really care about helping people achieve their goals so if you don't have any worries or concerns whatsoever you should place your trust on me and let me help you get every single thing that you're looking for and more.
In my experience, I have observed that students tend to reach their potential in academics very easily when they are tutored by someone who is extremely dedicated to their academic career not just as a businessman but as a human being in general.
I have successfully tutored many students from different grades and from all sorts of backgrounds, so I'm confident I can help anyone find the solution to their problems and achieve
0.00
0 Reviews
10+ Question Solved
Related Book For
Financial Accounting Reporting Analysis And Decision Making
ISBN: 9780730313748
5th Edition
Authors: Shirley Carlon, Rosina Mladenovic Mcalpine, Chrisann Palm, Lorena Mitrione, Ngaire Kirk, Lily Wong
Question Posted:
Students also viewed these Business questions
-
Gerrys Pizza operates strictly on a takeaway basis. Customers pick up their orders at a counter where a clerk exchanges the pizza for cash. At the counter, the customer can see other employees making...
-
Rosas Pizza operates strictly on a carryout basis. Customers pick up their orders at a counter where a clerk exchanges the pizza for cash. While at the counter, the customer can see other employees...
-
Ricci's Pizza operates strictly on a carryout basis. Customers pick up their orders at a counter where a clerk exchanges the pizza for cash. While at the counter, the customer can see other employees...
-
4. In St. Albert, Alberta, there are two bakers, Anderson and Carlson. Anderson's bread tastes just like Carlson's. Anderson has average costs of $1 per loaf of bread. Carlson has average costs of $2...
-
What is meant by internationalization and how does this relate to the global marketer?
-
The crate of weight W is hoisted using the ropes AB and AC. Each rope can withstand a maximum tension T before it breaks. If AB always remains horizontal, determine the smallest angle θ to...
-
Define a compound machine.
-
The following information is for Takin Enterprises Ltd. Instructions (a) Using the above information, prepare monthly income statements (as far as the data permit) in colunmar form for February,...
-
A car runs on wheels of diameter 3 5 0 mm . The car is travelling at an average speed of 7 5 km / h , what is the angular velocity of the wheels?
-
The University of Mellencamp is a private, non-profit academic institution. There are 4 colleges located in the institution. It is located in Northern Luzerne County and sunny state of Pennsylvania....
-
Tessa Ltd uses both special journals and a general journal as described in this chapter. On 30 June, after all monthly postings had been completed, the Accounts Receivable Control account in the...
-
South Morange Hardwares chart of accounts includes the following selected accounts: On 1 November the accounts payable ledger of South Moranges Hardware showed the following balances: R. Huff $2250,...
-
Why do individuals who have their gall bladders removed encounter difficulties in digesting large amounts of fats?
-
Consider a commodity that is used in production to manufacture other products. You can buy the commodity, but you cannot short sell it because producers who have it in their stock are unwilling to...
-
What is a private-label mortgage-backed bond? What factors are driving the recent surge in their sale? What factors are driving demand for risk transfer securities? Are they public-traded? Who are...
-
A similar purchase 4 years ago cost $1,050,000. At an interest rate of 9% per year, what is the equivalent value today of the previous $1,050,000 expenditure?
-
Write a paragraph describing how three of the following environments impact businesses. (Students choose 3 from the following: economic, global, sociocultural, technological, political/legal,...
-
How/why are banks and non-bank loan-making companies using risk transfer securities (like the securitization of yacht loans by Credit Swiss)? Who will bear the final loss if there are defaults or...
-
In Exercise 1-2, determine if the given set is a subspace of Pn for an appropriate value of n. Justify your answer? 1. All polynomials of the form p(t) = at2, where a is in R. 2. All polynomials of...
-
What are three disadvantages of using the direct write-off method?
-
Should the objective of our economy be maximum efficiency? If your answer is yes, eff i ciency in what? If not, what should the objective be?
-
Discuss the conflict of interests among production, finance, accounting, and marketing executives. How does this conflict affect the operation of an individual firm? The economic system? Why does...
-
In the short run, competition sometimes leads to inefficiency in the operation of our economic system. Many people argue for monopoly in order to eliminate this inefficiency. Discuss this solution.
-
Jun. 3 Purchased inventory on account with credit terms of 4/10, n/EOM, $2,100. 9 Returned 30% of the inventory purchased on June 3. It was defective. 12 Sold goods for cash, $940 (cost, $564). 15...
-
Jorge and Anita, married taxpayers, earn $151,600 in taxable income and $40,400 in interest from an investment in City of Heflin bonds. Using the U.S. tax rate schedule for married filing jointly,...
-
How does the design of change interventions account for contextual factors such as organizational culture, leadership style, and readiness for change, as they tailor intervention strategies,...
Study smarter with the SolutionInn App