Bebe Co is a small company that manufactures and sells high-quality.blouses. Its customers are mainly fashion boutiques.
Bebe Co has two directors, one of who is non-executive. The other is involved in the day-to-day administration of the company. There are ten other employees. Six of these work in the factory, one works in the warehouse, one is a sales representative and two are accounts staff. The accounts staff consist of Miss Ines, who is responsible for processing sales and receivables, and Mrs. Evie, who is the purchases and wages clerk. Mrs. Evie works part-time, five mornings a week. The company's sales representative visits shops throughout the region. He takes orders from customers which he records on a pre-numbered two-part order form. He passes the completed forms to the accounts department. Miss Ines files one copy of the order form in numerical sequence and passes the other to the warehouse.



The completed order is dispatched from the warehouse by the carrier, accompanied by one copy of a dispatch note. The other copy is sent to Miss Ines, who prepares an invoice based on the information it contains and on the company's price list. She sends one copy of the invoice to the customer, and a second copy of the invoice is retained



Each Friday, Miss Ines inputs the week's invoices to the computerized sales ledger. She then files the invoices alphabetically by customer name. Dispatch notes are not retained because filing space is limited. Miss Ines opens the post daily and lists remittances received from credit customers. Every Friday, she inputs the information listed to the sales ledger. Cheques received are banked daily by the executive director.



Miss Ines reviews the sales ledger balances every month and writes to customers who have not paid within 90 days of receiving goods. The sales ledger is printed out annually for year-end purposes. Otherwise, no hard copy is printed, and Miss Ines reviews the sales ledger on the computer screen. The company's computer package includes the facility to produce a sales day book and sales ledger control account. These are not used because Miss Ines considers that the low volume of transactions (10-15 invoices per week) makes them unnecessary.
Requirements
a) Explain the particular issues relating to controls which would affect the audit of a small company such as Knits.
b) List six control objectives of a sales system.
c) State, with reasons, what you consider to be the potential deficiencies in Ecovacs’s present system of accounting for sales and receivables.
d) List and explain the controls that a small firm such as Ecovacs could feasibly adopt to overcome the deficiencies you have identified.

It should be noted that some of the issues that relate to controls that could affect the audit of a small company include the separation of duties, documentation, etc.

Some of the problems that van lap be faced during the audit include the failure to exercise professional care and the deficiency in confirming account receivables.

The control objectives of a sales system include:

It should be noted that the deficiencies in the system of accounting include the determination of the face value of the receivables and the length of time the receivable will be outstanding.

Lastly, to avoid the problem above, consideration should be given to the integrity of the firm, and the financial soundness of the company.

Learn more about audit on:

https://brainly.com/question/25259957

Suppose the supply and demand equation are given as follow:
Demand: Qd=115-2*p
Supply: Qs=13+3*p
What's the equilibrium price? (Hint: enter your answer in 2 decimal places)
Your Answer:
Answer

Hep help please straightforward answer please thanks thanks

Last year during the beginning of the Pandemic, name 5 household products people were hoarding?

Gerrald Express is a partnership business registered in Singapore. The partners are Glenn and Kim. Each of the partners contributed $50,000 as capital to the partnership and they share equally in the profits and losses.

The partnership carries on the business of marketing services. In the financial year ended 31 December 2020, the partnership recorded a net loss of $79,000 after charging the following items of expenses:

Interest on capital paid equally to the partners $5,000
Glenn salary and bonus 12,000
Kim salary and bonus 15,000
Kim’s airfares for business purposes 4,800
Glenn’s taxi fare reimbursements for business 1,200
Motor car expenses reimbursed to employees 3,000
Depreciation 6,000
Interest on loans to fund operating expenses 2,800

Besides his involvement in partnership business, Glenn is also the Executive Officer of a medium size Company in Singapore. He was paid annual remuneration of $78,000 for the year ended 31 December 2020.

His spouse has no income for last year and has 2 children aged 19 and 12. The son is serving National Service and Glenn did not perform any active NS training in the previous year.

Required:

a) Compute the amount of tax adjusted profit or loss of the Gerrald Express partnership for the year of assessment 2021; [8 marks]

b) Compute the assessable income of Glenn for the year of assessment 2021; [12 marks]


c) State the major difference in a partner’s liability to utilise the losses arising from a partnership and from a limited liability partnership. [10 marks]

WILL GIVE BRAINLIEST
Refer to Figure 33-2. If the economy starts at O and moves to R in the short run, the economy


a) moves to O in the long run
b) moves to P in the long run
c) moves to Q in the long run
d) moves to R in the long run

Consider a favorite product or service of yours. What is it you value, and
what matters most? Can you develop clear requirements from this? And
Categorize your requirements revealed through the value you perceive into
‘Basic Quality’, ‘Spoken Performance’, and ‘Excitement Quality’ features,
2-2) And Taking your example from questions 1 put yourself in the place of
the supplier; how might you access customer requirements such as the
ones you noted?

You sell friendship bracelets. You have an agreement with your best friend, Georgina, who is a great artist
in photography, that she will photograph all her subjects wearing your friendship bracelets. You have
agreed that you will get 25 percent of the proceeds from the sale of photographs and she will get 25
percent of the sale proceeds from your bracelets. It turns out that Georgina had a photo-lab partner who
actually did all the film and photo development while she just took the pictures, and who wanted part of her
proceeds. Because of this arrangement, you are considered to be a partner with him.
False
Theo

examples of non good services

A problem statement in an analytical report is most effective when it is ________.

subtly introduced in the body of the report

written in a friendly tone

unambiguous and precisely defined

lengthy with detailed background and explanations

A key tool used for problem statement maturing (usually in conjunction with the customer is)

Miguel's lab group is conducting an experiment that involves dissolving different amounts of sugar and salt in test tubes. Which safety procedure is the MOSTappropriate for this experiment?

Which type of listening occurs when we are focused on sharing our own point of view instead of listening to someone else?​

The production report for Glenway Company for February contained the following information: Work in process, beginning of the month - 3,500 units; 1 / 5 completed Units completed and transferred to finished goods - 25,000 Work in process, end of month - 4,000 units; 1 / 4 completed Production costs for the month were: materials - $25,325; labor - $20,175; overhead - $38,950. Costs in beginning work in process were $5,250. What is the cost per equivalent unit?
a. $3.45
b. $3.59
c. $3.20
d. $3.25

The process of packing 316 ounce bottles of Hershey chocolate syrup in super size packages like those sold at Sam’s and Costco is an example of what type of packaging… Is it adaptive packaging allocating sorting out accumulating or accruing

Which of the following will shift the
LRAS Curve to the left?
A. increase quantity of laborers
B. decrease in quantity of laborers
C. increase quality of laborers

Work hours are unlimited for which of these as it pertains to child labor laws?
O A. Ages 12-16
O B. Ages 16-17
O C. Ages under 14
O D. Ages 14-15

explain the appearance of earthworm in brief​

David Davis plans to save $2,735 every year for the next eight years, starting today. At the end of eight years, David will turn 30 years old and plans to use his savings toward the down payment on a house. If his investment in a mutual fund will earn him 12.0 percent annually, how much will he have saved in eight years when he buys his house

On May 31, 2010 Amex Corporation acquired all of 10,000 shares of Luck’s outstanding common stock by paying Br 400,000 cash and issuing 20,000 shares of Br 15 par common stock having a market value of Br 40 per share to Luck’s stockholders. In addition, Br 300,000 is contingent up on the achievement of Br 1,000,000 profit margin in the next annual period. The fair value of contingent consideration was Br 100,000. • Separate balance sheets of Amex Corporation and Luck Company on May 31, 2010, together with current fair values of Luck’s identifiable net assets are given on the next slide:​

Michelle is typing an e-mail to team members. The e-mail includes some issues that were discussed during a meeting and decisions that were made. Michelle is writing the _____.

What affects the egg coagulation in custards and creams!

Learners with a _____ learning style prefer reading, writing, and speaking. naturalistic logical/mathematical verbal/linguistic none of the above

One goal of the Occupy Movement was to encourage the practice of bank bailouts.
Group of answer choices

True

False

how it can be used in addition to showing skills –use the account and debit card?

did this webside is working?

Last year, Joan purchased a $1,000 face value corporate bond with an 11% annual coupon rate and a 25-year maturity. At the time of the purchase, it had an expected yield to maturity of 11.96%. If Joan sold
the bond today for $1,154.91, what rate of return would she have earned for the past year? Round your answer to two decimal places.

2. The case says that Kayem Foods is not meeting its profit targets. Why is it difficult for this firm to make money in this market?

If a monopolist's production process has economies of scale and average cost exceeds marginal cost, then _____.

Bruno Company had a $200,000 beginning balance in bonds payable and a $210,000 ending balance in bonds payable. During the year, Bruno paid off $100,000 of bond liabilities. Based on this information alone, Bruno's statement of cash flows would include a ______ from financing activities.

Five-A-Day, a company that produces and distributes organic vegetables for grocery stores, wants to market its vegetables in such a way that children will want to buy them. To accomplish this, the company creates an advertising campaign that features children dressed up in vegetable costumes attending a Halloween party and eating vegetables and dips as a snack. The company also packages cut up vegetables in grab-and-go containers in fun shapes and colorful designs to attract children's attention in the grocery store. Which marketing function does this scenario most closely describe?
A. grading
B, buying
C. selling
D. promoting
E. marketing research