Obj, 2, 3 Faith Cassen has recently been hired as the manager ofGibraltar Coffee Shop. Gibraltar Coffee Shop is a national chain offranchised coffee shops. During her first month as store manager, Faithencountered the following internal control situations:a. Faith caught an employee putting a case of 1,000 single-servingtea bags in his car. Not wanting to create a scene, Faith smiled andsaid, "I don't think you're putting those tea bags on the right shelf.Don't they belong inside the coffee shop?" The employee returnedthe tea bags to the stockroom.b. Gibraltar Coffee Shop has one cash register. Prior to Faith's joiningthe coffee shop, each employee working on a shift would take acustomer order, accept paymert, and then prepare the order.Faith made one employee on each shift responsible for takingorders and accepting the customer's payment. Other employeesprepare the orders.c. Because only one employee uses the cash register, that employeeis responsible for counting the cash at the end of the shift andverifying that the cash in the drawer matches the amount of cashsales recorded by the cash register. Faith expects each cashier tobalance the drawer to the penny every time-no exceptions.State whether you agree or disagree with Faith's method ofhandling each situation and explain your answer.6:10 P4/5/20

I Disagree with Faith's method of handling this situation because she has not followed the internal…

as ti Ffee Shop. Gibraltar Coffee Shop is a nati offee shops. During her first month as st the following internal control situations aught an employee putting a case of 1,00 gs in his car. Not wanting to create a scer

as ti Ffee Shop. Gibraltar Coffee Shop is a nati offee shops. During her first month as st the following internal control situations aught an employee putting a case of 1,00 gs in his car. Not wanting to create a scer

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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