What internal controls are present in handling of crs

Reference no: EM131520156

Question: The Carmike 8 Cinema is a modern theatre located close to a college campus. The cashier, located in a box office at the entrance to the theatre, receives cash from customers and operates a machine that ejects serially numbered tickets for each film. Customers then enter the theatre lobby where they can purchase refreshments at the concession stand. To gain admission to the movie, a customer hands the ticket to a ticket taker stationed some 50 feet from the box office at the entrance to the theatre lobby. The ticket taker tears the ticket in half, returns the stub to the customer, and allows the customer to enter the theatre hallway through a turnstile. The ticket taker drops the other half of the ticket stub into a locked box.

Required: 1. What internal controls are present in the handling of cash receipts(CRs)?

2. What steps should the theatre manager take regularly to give maximum effectiveness to these controls?

3. Assume the cashier and the ticket taker decide to work together in an effort to steal from the movie theatre. What action(s) might they take?

4. For each idea proposed in number 3 above, what additional control features could Carmike 8 Cinema add to catch the thieves and reduce the risk of future thefts?

Reference no: EM131520156

Questions Cloud

Record the necessary cash adjustments : Information from February's bank statement and company records reveals the following additional informatio.

Late 20th century african-american artists : Describe two specific elements of the works fromthe chosen artist that represent the multiplicity of the African-American experience.

report on the UNs progress in achieving this goal : Select one of the United Nations' (U.N.) Millennial Development Goals (MDGs). Visit the website and report on the UN's progress in achieving this goal

Discuss the primary ethical dilemmas could cause : Discuss the primary ethical dilemmas that this scenario could cause for both you and the person whom you are trying to persuade.

What internal controls are present in handling of crs : The Carmike 8 Cinema is a modern theatre located close to a college campus. The cashier, located in a box office at the entrance to the theatre.

Conceptions resulting from rape or incest : Wenz portrays it as an inconsistency that Americans so often oppose abortion but are willing to make exception for conceptions resulting from rape or incest.

What are the eligibility requirements : What are the eligibility requirements and coverage of Medicaid for the categories of low-income adults, pregnant women

The ages of the world of their human : Give examples from "The Ages of the World" of their human and their divine characteristics. Also identify whether there are equivalent persons in modern times.

Select a product and a country for a global business venture : Select a product and a country for a global business venture. Conduct a regional, country risk, and organization and product or service analyses.

User Account

All Pages