Cash Register Exercise

[Louann Mauffray]

exerciseImagine you're writing a cash register application. To makeinteraction easier on the user, it doesn't have separateareas for passwords, PIN numbers, or cash totals --instead, it looks at what the cashier enters and inferswhether it's their PIN number, their password, or the cashtotal for a transaction.

A few side-notes: PEP 8 likes variable names and function names to be snakecase, separated by an underscore for multiple words (although there are exceptions and so it is not enforced; also I realise your exercise gave you the name to use, to be fair).

To use a cash register, you need a standby staff to operate it. This staff will be responsible for taking and recording orders manually, and entering the amount into the machine. The problem with this model is that it is largely prone to errors and is also inefficient.

For some business owners, switching from the cash register to a more modern alternative is a pretty scary exercise. This is often because of the amount of money that may be required to purchase new equipment, install them, and train staff to operate them.

For others, they are simply unaware of the benefits of using modern alternatives to the cash register like a POS. Many business owners may not even know that there are devices that have been created to help businesses better deal with daily transactions.

If you run a business that is slow-paced with few customers, then a cash register may do just fine. However, in the case where you have a fast-paced business like a restaurant, you may want to consider ditching the cash register.

First off, it makes it difficult for your staff to enter and process transactions. Unlike with a POS, your staff will have to take orders down using a pen and paper or have to go back and forth to the counter to enter an order.

And the result is often terrible. You may usually find yourself overstaffed during off-peak periods costing you money on staff payment. Or being understaffed during peak periods thereby overwhelming your staff, which leads to a poor customer experience.

The solution to this is to use a combination of a POS system and a scheduling platform. Alternatively, you could integrate your guest Wi-Fi with a Wi-Fi marketing and analytic platform like SpotOn Wi-Fi while using a staff scheduling software.

Therefore, you may want to consider using POS. This is because a POS will help eliminate the extra ordering process making it shorter and faster. Basically, it helps to reduce the amount of human errors in your daily operations, or eliminate it completely.

If at all, you may have to do so manually and that can be a pretty tedious exercise. As a business owner, you should be aware that failing to track inventory can cause you to overstock or understock, none of which is good for business.

Exercise J Use the data in the previous exercise. What entry would have been required if the amount of coin and currency had been $ 247.20? Which of the accounts debited would not appear in the income statement?

Business decision case A During a national emergency, a managerial accountant was called back to active duty with the US Army. An acquaintance of the accountant forged papers and assumed the identity of the accountant. He obtained a position in a small company as the only accountant. Eventually he took over from the manager the functions of approving bills for payment, preparing and signing checks, and almost all other financial duties. On one weekend, he traveled to some neighboring cities and mailed invoices made out to the company for which he worked. On Monday morning, he returned to work and began receiving, approving, and paying the invoices he had prepared. The following weekend he returned to the neighboring cities and cashed and deposited the checks in bank accounts under his own name. After continuing this practice for several months, he withdrew all of the funds and never was heard from again.

The company maintains a system of internal accounting controls designed to provide reasonable assurance, at reasonable cost, that transactions and events are recorded properly and that assets are safeguarded. The internal control system is supported by written policies and procedures and by the careful selection, training, and supervision of qualified personnel, and is monitored by an internal audit function.

Annual report analysis E Obtain an annual report for a company (your library may have some annual reports). Determine the quick ratios for the two most recent years for the company. Comment on the results.

Group project G With a small group of students, visit a large local company to inquire about its internal control structure. Specifically, discover how it protects its assets against theft and waste, ensures compliance with company policies and federal laws, evaluates performance of its personnel, and ensures accurate and reliable operating data and accounting reports. If an internal audit staff exists, inquire about some of its activities. Write a report to your instructor summarizing your findings and be prepared to make a short presentation to the class.

Group project H With one or two other students, locate and visit two companies that maintain petty cash funds. Interview the custodians of those funds to identify the controls that are used to manage those funds. Write a report to your instructor comparing the controls used, pointing out any differences between the control systems and any deficiencies in the systems. Be prepared to make a short presentation to the class.

This is the internet site for the Vanity Fair Audit Mall. Click on the visitors center, CCA Studio, Tool Box, Job Shop, Tek Shak, Risk Depot, Contact Plaza, and Arcade. After browsing the site write a one page memo as to what you learned about internal audit.

EDGAR stands for the Electronic Data Gathering, Analysis, and Retrieval system. What is its purpose? What kinds of information can be found at this site? Select a company of your choice and search the EDGAR database for information on that company. Write a report to your instructor summarizing your findings.

If we want the max wait time in each cash register be 15 minutes (900 seconds) and each check out takes 3 minutes (180 seconds), there can be a maximum of 900 seconds / 180 seconds = 5 shopping groups in front of each shopping group by the end of a check out. So, total number of shopping groups waiting in each line is 5

To avoid increasing the delay time, we want the number of people joining the waiting times be equal to number of people leaving the waiting times. In other words, max total number of shopping groups in rush hour remains to be 90 shopping groups

Number of cash registers is still an incomplete description. We should ask what wait time if acceptable. We should also find out if we are talking about a mix of self checkout or employee managed cash register. What about cash registers for customer with less than 10 items?

If the plan is to only hire 5 people for cash register, then we are locked with a maximum of 5 cash registers. Here also, we are assuming that there will be 5 people available for the entire day. These points are worth clarifying upfront.

So if we have 2 customers in checkout line at any given time.

And each of them take 5 minutes to complete their transaction. Then with one cash register you could say that if they both arrived at the same time, then the wait would be roughly 5 mins before they are served, and we have solved our problem.

Create a C# program that simulates a supermarket cash register to return a purchase change. Request the total amount of money you have in the cash register (x) and an integer with the purchase value (y).

Orville E. Fortune (Fortune), a former salesman of The National Cash Register Company (NCR), brought a suit to recover certain commissions allegedly due as a result of a sale of cash registers to First National *97 Stores Inc. (First National) in 1968. Counts 1 and 2 of Fortune's amended declaration claimed bonus payments under the parties' written contract of employment. The third count sought recovery in quantum merit for the reasonable value of Fortune's services relating to the same sales transaction. Judgment on a jury verdict for Fortune was reversed by the Appeals Court, Fortune v. National Cash Register Co., 4 Mass. App. Ct. 386 (1976), and this court granted leave to obtain further appellate review. We affirm the judgment of the Superior Court. We hold, for the reasons stated herein, there was no error in submitting the issue of "bad faith" termination of an employment at will contract to the jury.

The issues before the court are raised by NCR's motion for directed verdicts.[1] Accordingly, we summarize the evidence most favorable to the plaintiff. H.P. Hood & Sons v. Ford Motor Co. 370 Mass. 69, 71 (1976).

Fortune was employed by NCR under a written "salesman's contract" which was terminable at will, without cause, by either party on written notice. The contract provided that Fortune would receive a weekly salary in a fixed amount plus a bonus for sales made within the "territory" (i.e., customer accounts or stores) assigned to him for "coverage or supervision," whether the sale was made by him or someone else.[2] The amount of the bonus was determined on the basis of "bonus credits," which were computed as a percentage of the price of products sold. Fortune would be paid a percentage of the applicable bonus credit as follows: (1) 75% if the territory was assigned to him at the date of the order, (2) 25% if the territory was assigned to him at the date of delivery and *98 installation, or (3) 100% if the territory was assigned to him at both times. The contract further provided that the "bonus interest" would terminate if shipment of the order was not made within eighteen months from the date of the order unless (1) the territory was assigned to him for coverage at the date of delivery and installation, or (2) special engineering was required to fulfil the contract. In addition, NCR reserved the right to sell products in the salesman's territory without paying a bonus; however, this right could be exercised only on written notice.

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