Capes Corporation is a wholesaler of industrial goods. Data regarding the store's operations follow:

Sales are budgeted at $320,000 for November, $330,000 for December, and $310,000 for January.
Collections are expected to be 40% in the month of sale and 60% in the month following the sale.
The cost of goods sold is 75% of sales.
The company desires an ending merchandise inventory equal to 20% of the cost of goods sold in the following month.
Payment for merchandise is made in the month following the purchase.
The November beginning balance in the accounts receivable account is $67,000.
The November beginning balance in the accounts payable account is $254,000.

Prepare a Schedule of Expected Cash Collections for November and December.

Insurance companies have internal controls in place to protect assets, monitor the accuracy of accounting records and encourage operational efficiencies and adherence to policies. these internal controls are generally of two types: administrative controls and accounting controls. administrative controls are the policies and procedures that guide the daily actions of employees. accounting controls are the policies and procedures that delineate authorizations of financial transactions that are done, safeguard assets, and provide reports on the company’s financial status in a reliable and timely manner. internal controls should include both preventative and detective controls. the purpose of preventative controls is to stop problems and errors before they occur. detective controls identify problems after they have occurred. preventative controls are usually more effective at reducing problems, but they also tend to be more expensive. internal controls must be flexible to adjust for changes in laws and regulations in addition to adding new products or modifying current ones. companies must also do regular analyses to ensure that the benefits of implementing the controls are worth their costs. when concerned about paying unwarranted insurance claims which type of control would be useful?