McDonald's Corporation is the largest food service organization in the world. The proper handling of cash and food is important to the profitability of McDonald's. Based on your personal knowledge of McDonald's and the internal control concepts and
procedures described in the textbook, answer the following questions. REQUIRED: Describe procedures that you believe McDonald's may use to control cash receipts.
Each cashier should start with his or her own cash drawer, with the manager noting how much cash the cashier starts with at the beginning of the shift. The cash would be counted when the cashier ends work. The manager would take a cash register reading and reconcile this reading with the cash in the drawer. The manager also could observe the activities of the cashiers on a spot basis. It may not be possible to separate the duties of counting the cash and making bank deposits since the manager likely will be responsible for both.
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The online recruited Internet sampling technique can be further classified as convenience or judgment
Indicate whether the statement is true or false
Which of the following represents the number of sales dollars generated by each dollar invested in assets?
a. Asset turnover b. Assets invested c. Profit margin d. Operating income
Answer the following statements true (T) or false (F)
1. Process design is among the most important and strategic decisions that operations managers have to make. 2. A goal of a repetitive process is to achieve high customer satisfaction. 3. The right process can contribute to increased cost of production. 4. There are several advantages in using robots in manufacturing processes; for example, robots can perform inexpensive tasks. 5. CAPP enables the manufacturer to identify the right target market.
In January, JB stock was selling for $50 per share. When the calls and the puts with a strike price of $45 expired on March 20, JB was selling at $46. Which investors made a profit?
I. the writer of the call II. the buyer of the call III. the writer of the put IV. the buyer of the put A) II and III B) I and III C) only III D) II and IV