Situation a. Jake Bates has been an employee of the city of Elmhurst for many years. Because the city is small, Bates performs all of its accounting duties, in addition to opening the mail and preparing bank deposits and bank reconciliations. Requirement 1. Missing Control Characteristic:(possible answers) :Assignment of responsibilityCompetent PersonnelInappropriate documentsInternal AuditProper AuthorizationSeparation of DutiesRequirement 2. Possible Problem: (situation A):Possible Answers:Lost ProfitsLost RevenuesTheft of CashRequirement 3. Potential Solution: (situation A)Possible answers :Hire a security guardinstall a surveillance cameraseparate cash handling duties from accounting duties. separate bank reconciliation from o

Haley photocopying purchases a paper from an out-of-state vendor. average weekly demand for paper is 150 cartons per week for which haley pays $15 per carton. in bound shipments from the vendor average 1000 cartoons with an average lead time of 3 weeks. haley operates 52 weeks per year; it carries a 4-week supply of inventory as safety stock and no anticipation inventory. the vendor has recently announced that they will be building a faculty near haley photocopying that will reduce lead time to one week. further, they will be able to reduce shipments to 200 cartons. haley believes that they will be able to reduce safety stock to a 1-week supply. what impact will these changes make to haley’s average inventory level and its average aggregated inventory value?