Sunday, January 5, 2020

Analyzing Casino-Money Handling Process - 1247 Words

The Buffalo News Team | Analyzing Casino Money-Handling Processes | MGO630: Mini-case #2 | Ashley BeckerZachary BradoColin CaseySamantha ChmuraArvind Thinagarajan 2/2/2012 | 1. The Drop process Drop team leader, security and accounting people deliver the buckets to hard count room [30 min/cart] Security officer and slot drop team leader obtain slot cabinet keys from casino cashier’s cage [15 min] Slot drop leader removes the drop bucket from slot machine cabinet [10 min/slot machine] Tag with proper slot machine number is placed on top of the coins A cart is filled with buckets from 20 different slot machines Buckets are securely locked in the hard count room to await start of the hard count process Drop team†¦show more content†¦The casino is considering the purchase of a second coin-wrapping machine. What impact would this have on the hard count process? Is this the most desirable machine to purchase? Based on calculations that was done for question #2, the total time of hard count process (4590 minutes) is being split up by various processes as below, Hard Count Process | Time consumed(minutes) | % of time consumed | i) Testing weigh scale | 10 | - | ii) Weighing and recording process | 2100 | 45% | iii) Coin-wrapping process | 900 | 20% | iv) Filling amp; stacking (Canning process) | 1125 | 25% | v) Weigh amp; wrap verification report | 5 | - | vi) Manual counting verification report | 450 | 10% | The coin-wrapping machine currently takes up 20% of the total time taken for the hard count process. By purchasing a second coin-wrapping machine, the time consumed by the machine in the overall process can be halved. When the time consumed by the coin-wrapping machine goes down to 450 minutes, it results in a 10% decrease in overall hard count process time. However, it has to be noted that there are other processes that are guilty of contributing much higher percentages to the overall processing time, when compared to the coin-wrapping process. For example, the weighing and recording process takes up more than 45% of the total time. TheShow MoreRelatedCase - Analyzing Casino Money-Handling Processes1492 Words   |  6 PagesCase: Analyzing Casino Money-Handling Processes Bartley D. Corbin Webster University Author Note This paper was prepared as partial fulfillment of the requirements for BUSN 6110, Term Fall 1, 2010 taught by Professor Gary Sample. Abstract This case study is from Chapter 6 of the text on page 183. It is an analysis of the casinos money-handling processes. The process begins with retrieving the money from the slot machines and is referred to in the gaming industry as the drop process. The hardRead MoreThe Security Evaluation Methodology And Analysis1743 Words   |  7 Pagesworld. The Information Technology which is made up of Computers, Internet and Cyberspace give problems for the law. Current system and its framework has proven to be inadequate in case of handing with Information Technology itself as well as while handling with the alterations induced by the Information Technology in the way of peoples living. The courts all around the globe is facing these problems. So there is the Cyber Laws in action which are there to control these crimes and for this crimes toRead MoreData Management and Assessment Question2881 Words   |  12 Pagesstudent record contains information regarding the student’s last name. The last name is a(n): attribute. entity. primary key. object. file. Assessment Question 3.42 Your answer is correct. A database management system is primarily a(n) _____. file-handling program data-modeling program interface between applications and a database interface between data and a database interface between queries and a database Assessment Question 3.50 Your answer is correct. When data are normalized, attributes in theRead MoreDecisions about Data2840 Words   |  12 Pagesstudent’s last name. The last name is a(n):   attribute. entity. primary key. object. file. Assessment Question 3.42 Your answer is correct.       A database management system is primarily a(n) _____. file-handling program data-modeling program interface between applications and a database interface between data and a database interface between queries and a database Assessment Question 3.50 Your answer is correct.       WhenRead Moreeconomic15014 Words   |  61 Pagesand Ethics Key Terms Chapter 9 Link Library Evaluate and Expand Your Learning †¢ IT and Data Management Decisions †¢ Questions for Discussion Review †¢ Online Activities †¢ Collaborative Work Case 2, Business Case: Station Casinos Loyalty Program Case 3, Video Case: Superior Manufacturing Wipes the Competition Data Analysis Decision Making: SunWest Foods Improved Bottom Line References Learning Outcomes â‘   Describe various types of functional systems and how they supportRead MoreCarnival Cruise Lines: Long and Short Term Strategies Essay8254 Words   |  34 PagesThe reason for this is the fact that it would prove to be very difficult if not impossible, for one to assemble an international code of ethics that would cover issues of importance in every single country involved. With this being said, upon analyzing Carnival’s Code of Conducts and business ethics, we have to wonder how ethically committed the company really is. As we were researching the company’s business practices, we found a website that listed an unusually high amount of complaints fromRead MoreCase Study for Management Accounting36912 Words   |  148 Pagesrequirements, the firm could easily fail to design an effective seal. Fast prototyping consisted of rapidly creating a working example of the new product. Fast prototyping had two advantages. First, the customer could, early in its own product development process, test the new seal to ensure that it would be effective in the specific application for which it was designed. Second, the fast prototype enabled the manufacturing engineers to designate specific quality control steps and to establish guidelinesRead MoreCase Study for Management Accounting36918 Words   |  148 Pagesrequirements, the firm could easily fail to design an effective seal. Fast prototyping consisted of rapidly creating a working example of the new product. Fast prototyping had two advantages. First, the customer could, early in its own product development process, test the new seal to ensure that it would be effective in the specific application for which it was designed. Second, the fast prototype enabled the manufacturing engineers to designate specific quality control steps and to establish guidelinesRead MoreEntrepreneur Assignment7104 Words   |  29 Pagesopportunity-orientated will first and foremost focus on growth opportunity than the business and its resources. Entrepreneurs in the 21st century not only must be able to see and grab opportunity whenever there is but also must be able and sensitive in analyzing, formulate and taking action towards any opportunities. Entrepreneurs who grab any chances that they see and make the best out of it are the pre-condition to success. In order to be an entrepreneur who can predict and analyze opportunities, theyRead MoreIf You Need Love, Get a Puppy7050 Words   |  29 Pagesthe exercise of professional skepticism by a staff auditor who ï ¬ nds himself in the uncomfortable situation of accusing a friend of fraud. The case demonstrates the difï ¬ cult personal and professional choices that auditors must sometimes make. In analyzing the case, students consider auditor independence rules, as well as the concepts of indep endence in appearance and independence in mental attitude. Students are asked to identify the types of audit evidence and internal controls needed to detect and

No comments:

Post a Comment