A recent annual report for NPS contained the following data: (dollars in thousands) Current YearPrevious Year Accounts receivable $3,627,000 $4,637,000 Less: Allowance for doubtful accounts 186,000 152,000 Net accounts receivable $3,441,000 $4,485,000 Net sales (assume all on credit) $36,297,000 Required: 1. Determine the receivables turnover ratio and average days sales in receivables for the current year. (Use 365 days a year. Do not round intermediate calculations. Enter your answers in thousands not in dollars.)

Evelyn would like to open a small business that is categorized as a being in the distribution industry. to do this she could open a establishment.

In order to minimize project risk which step comes after the step of identifying risks

Management discovers that a supervisor at one of its restaurant locations removes excess cash and resets sales totals throughout the day on the point-of-sale (pos) system. at closing, the supervisor deposits cash equal to the recorded sales on the pos system and keeps the rest.the supervisor forwards the close-of-day pos reports from the pos system along with a copy of the bank deposit slip to the company’s revenue accounting department. the revenue accounting department records the sales and the cash for the location in the general ledger and verifies the deposit slip to the bank statement. any differences between sales and deposits are recorded in an over/short account and, if necessary, followed up with the location supervisor. the customer food order checks are serially numbered, and it is the supervisor’s responsibility to see that they are accounted for at the end of each day. customerchecks and the transaction journal tapes from the pos system are kept by the supervisor for 1 week at the location and then destroyed.what control allowed the fraud to occur?