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Level/Year: Bs Accounting Subject: Payroll Accounting II written by Bernard j. Bieg a Already Tried:
Case Problem C1.Paychecks kept coming Ken, a salaried employee, was terminated form his company in April of this year. Business had been slow since the beginning of the year, and each of the operating plant had laid off workers. Ken’s dismissal was processed through the human Resources Department, but the information was not relayed to the Corporate Payroll office. As had been the policy, checks for workers at remote sites were mailed to the employees. The mailing of Ken’s Checks continued for the next four weekly Paydays. It wasn’t until the monthly Payroll reports were sent to Ken’s supervisor that the error was detected. Ken refused to return the four extra checks. What actions should the company take?
Evaluate the equivalent units of production with respect to direct materials and direct labor. Evaluate both the direct labor cost and the direct materials cost per equivalent unit.
Find out the approximate internal rate of return. % Assuming the company has a required rate of return of 10%, state your conclusion on whether the new machine should be purchased.
Do you think the company's poor disclosure prior to 1983 made it vulnerable to the attack by Barron's? Would market reaction to Barron's article have been different if the company had a better disclosure policy?
How much knowledge about computer security do internal and external auditors need to be effective?
Carson uses the sum-of-the-years-digits method of depreciation. What should the accumulated depreciation be at December 31, 2008?
If static budget variance is unfavorable and the flexible budget variance is unfavorable, will we draw a conclusion about the sales volume variance?
Describe the audit steps that generally would be followed in establishing the propriety of the recorded liability for federal income taxes of a corporation you are auditing for the first time.
Illustrate what are some of the more significant non-tax consequences of choosing the partnership form? Brief answer. 3-6 sentences minimum.
Prepare any outstanding adjusting journal entries for the year ended March 31, 2013 and post them to the trial balance. Prepare all financial statements in good form for the year ended March 31, 2013.
which is not consolidated by PGW for U.S. tax purposes, had net income of $31 million TSI, which is consolidated for U.S. tax purposes, had a loss of $16 million. Find the information reported on Schedule M-3?
Assuming that Mark's adjusted gross income was $60,000, how much of a medical-expense deduction may Mark claim on his return?
Effective January 1, 2011, based on new events that have occurred, Janes estimates that the remaining life of the patent purchased from Lou is only five more years.
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