Group of Students will be shared with case study from the syllabus, they will be asked to answerquestions accordingly. Students have to answer from their mind and not from book orpowerpoint, Instructors have full right to deduct the marks if the answer are copied from anysource as per the rule.Marks distribution could be two questions as 2.5 +2.5 or 2 +3, or three question as 2+2+1 or,depending upon the nature of question.Sales Reporting and Internal Control for a Pizza RestaurantPizza restaurant operations are cash intensive, and, in some cases, employees can removecurrency from the register before sales are recorded. In many smaller and family-ownedpizza restaurants, documentation of income and expenses may be lacking.The Pizza Villa is a small restaurant selling pizza for delivery and to walk-in customers.There are no facilities for consumption on the premises. Cash and credit cards areaccepted. Ninety percent of the transactions are on the cash basis.The Pizza Villa operates 7 days a week, from 11 A.M. to 2 A.M. One person ownsthe business. Therefore, it is impossible to monitor operations at all times. The restaurantstaff consists of relatives, friends, and other employees. The Pizza Villa is extremelypopular and profitable.Sales are rung on a cash register, and readings are taken daily. Cash is depositeddaily after it is reconciled with the sales readings. No employees are paid with cash;instead, all employees are paid by check. Vendors are paid by check. A petty cash fund ismaintained for incidentals. A voucher must support any paid-outs.1. Explain whether and why the owner should be concerned that friends and relativesmight steal cash from him.2. Explain several procedures the owner could use to examine the validity of sales.

1) It is completely rational for the owner to be concerned that friends and relatives might steal…

Answered: 1. Explain whether and why the owner…

1. Explain whether and why the owner should be concerned that friends and relatives might steal cash from him. 2. Explain several procedures the owner could use to examine the validity of sales.

Pkg Acc Infor Systems MS VISIO CD

10th Edition

ISBN:9781133935940

Author:Ulric J. Gelinas

Publisher:Ulric J. Gelinas

Chapter3: Electronic Business (e-business) systems

Section: Chapter Questions

Problem 6P: Explain how EDM could be used in your AIS class to eliminate all paper flow between the students and...

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