Use of cash or credit cards


Response to the following problem:

"Hard Rock isn't just a name; it's a culture." These words are used on the Hard Rock website to describe the company. The culture that is Hard Rock is summed up in its mission, which is "to spread the spirit of rock ‘n roll by creating authentic experiences that rock." As anyone who has visited a Hard Rock Cafe can tell you, it is all about rock and roll. Each of the 121 Hard Rock Cafes, located in over 40 countries, features rock and roll memorabilia-over 60,000 pieces in total, as well as classic American food and good music. And, if your dining experience was a pleasant one, you can take a piece of it home with you by shopping at the on-site stores for articles that range from collector pins to oneof-a-kind guitars.

The Hard Rock culture is also evident in its mottos: "Love All-Serve All"; "All Is One"; "Save the Planet"; and "Take Time to Be Kind." Hard Rock lives out these mottos by contributing to many charitable organizations de signed to make the earth a safer, healthier, and better place to live.

Critical Thinking:

1. At Hard Rock Cafe, customers use cash or credit cards to make purchases. What control problems may occur when employees accept cash for a sale?

2. What can Hard Rock do, in its own cafes, to help support its "Save the Planet" motto?

 

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Accounting Basics: Use of cash or credit cards
Reference No:- TGS02946594

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