Week 7 - EX- (8-10) Mel Lane works at the drive-through...

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EX- (8-10)Mel Lane works at the drive-through window of Bison Burgers. Occasionally, when a drive-through customer orders, Mel fills the order and pockets the customer’s money. He does not ringup the order on the cash register.Identify the internal control weakness that exists at Bison Burgers, and discuss what can bedone to prevent this theft.
PE (9-6A)Financial statement data for years ending December 31 for Blum Company are shown below.a.Determine the accounts receivable turnover for 2012 and 2011.b.Determine the number of days’ sales receivable for 2012 and 2011. Round to one decimalplace.c.Does the change in accounts receivable turnover and the number of days’ sales inreceivables from 2011 to 2012 indicate a favorable or an unfavorable trend?
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Term
Fall
Professor
Staff
Tags
Accounting, Balance Sheet, Decimal, Generally Accepted Accounting Principles, Drive through, Bison Burgers

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