Flowchart interpretation and internal controls analysis.(CMA adapted, June 1994) The flowc...

Flowchart interpretation and internal controls analysis.(CMA adapted, June 1994) The flowchart below depicts the sales/collection process for Richards Furniture Company, a mid-sized retailer of living room and bedroom furniture. Use the flowchart to generate a narrative description of Richards’ sales/collection process. Comment on

the company’s strengths and weaknesses with regard to internal controls; suggest ways to address the weaknesses you identify.