module 5 dq 1This discussion thread will be used to discuss the practice problems completed in this module. Complete practice problems E5-17, E6-21, and E6-22 in the textbook using the Excel template provided for you. After completing the problems, submit your answers to the appropriate assignment drop box. Review the posted solutions to the practice problems, and determine what errors, if any, you have made. Respond to this discussion thread and discuss any challenges you had with completing the problems, tips that helped you arrive at the correct answers, and/or questions you may still have.mod 5 dq 2Under what circumstances would you use a periodic inventory system? Under what circumstances would you use a perpetual inventory system? Why?mod 6 dq 1This discussion thread will be used to discuss the practice problems completed in this module. Complete practice problem E9-20 in the textbook using the Excel template provided for you. After completing the problems, submit your answers to the appropriate assignment drop box. Review the posted solutions to the practice problems, and determine what errors, if any, you have made. Respond to this discussion thread and discuss any challenges you had with completing the problems, tips that helped you arrive at the correct answers, and/or questions you may still have.mod 6 dq 2A textbook production company makes all sales on credit. Cash receipts arrive by mail by Employee A. Someone in the mailroom opens envelopes and separates the checks from remittance advices. The same person forwards the checks to Employee B. Employee B makes a daily bank deposit, but does not have access to accounting records. The accompanying remittance advices are forwarded from the mailroom (by Employee A) to the accountant for entry into the books. Where are the weaknesses in internal control? What are possible ramifications to the gaps? What are the remedies to these weaknesses?
