Listed below are five procedures followed by A Different Kind of Company.

1. As a cost-saving measure, employees do not take vacations.

2. Only the sales manager can approve credit sales.

3. Three different employees are each assigned one of three tasks related to inventory viz.:

ships goods to customers, bills customers, and receives payment from customers.

4. Total cash receipts are compared to bank deposits daily by Missy Hathaway, who receives

cash over the counter.

5. Employees write down hours worked and turn in the sheet to the cashier's office.

Required:

Indicate whether each procedure is an example of good internal control or of weak internal control. If it is an example of good internal control, indicate which internal control principle is being followed. If it is an example of weak internal control, indicate which internal control principle is violated. Use the table below:

Procedure IC Good or Weak?Related Internal Control Principle

1.

2.

3.

4.

5.