User Account

All Pages

Determine whether additional audit work should be done

Assignment Help Financial Management
Reference no: EM131115924

The Hamster Stop has $93,650 in the Accrued Payroll account. Hamster's weekly payroll is $156,000 and the accrual represents payroll for 3 days. If controls are strong, determine whether additional audit work should be done on this account.

Reference no: EM131115924

Questions Cloud

What the risk assessment portions of audit planning are : Components of the audit planning stages. How to understand the client's business? What the risk assessment portions of audit planning are?
Average net income for business graduates : A survey conducted last year by my students in Business Studies found out that the average net income for Business graduates is $74,914. One of my current students queried the results and decided to repeat the research by taking a random sample of..
How should the contingency be reported in the financial : How should the contingency be reported in the financial statements of Shinobi Inc
Compose a description of the ethical decision-making process : Compose a description of the ethical decision-making process, including the steps on how to approach the situations, a list of questions if a meeting is granted, or a list of possible reasons for rejecting the meeting.
Determine whether additional audit work should be done : The Hamster Stop has $93,650 in the Accrued Payroll account. Hamster's weekly payroll is $156,000 and the accrual represents payroll for 3 days. If controls are strong, determine whether additional audit work should be done on this account.
Compute the depreciation expense for the years indicated : Compute the depreciation expense for the years indicated using the following methods. (Round to the nearest dollar.)
Discuss the case with anyone outside the courtroom : Imagine that you are a member of a jury. The jury is hearing a child molestation case in which the defendant is accused of a series of molestations in his neighborhood. You have been advised by the judge not to discuss the case with anyone outside..
Determine the p-value and interpret its meaning : Determine the p-value and interpret its meaning
Construct-irrelevant variance : Fully define construct-irrelevant variance. Be sure to include the main type of validity it is related to as well its effects on test scores. Incorporate Messick (1995) from your readings into your answer.

Reviews

Write a Review

Financial Management Questions & Answers

  Stocks price today according to the dividend growth model

The company is expected to pay its dividend today of $1.26. One year ago they paid a dividend of $1.20. You expect dividends to continue to grow constantly at the same rate as the past year. You discount this stock at a rate of 11%. What is your asse..

  Current yield-what is the last dividend paid

XYZs bonds have 3 years remaining to maturity. The bonds have a face value of 10%. They pay interest annually and have 8% coupon rate. What is their current yield? Motors Co stock has a required rate of return of 11.50% and it sells for 25$. Dividend..

  Declining stock market index due to lower share prices

A declining stock market index due to lower share prices _____.

  Uses only equity capital-two equally-sized divisions

Duval Inc. uses only equity capital, and it has two equally-sized divisions. Division A's cost of capital is 10.0%, Division B's cost is 14.0%, and the corporate (composite) WACC is 12.0%. All of Division A's projects are equally risky, as are all of..

  Whats the margin level one year later

1) You decide to buy 1,000 shares of ABC Company at $50 per share with an initial margin of 50%, the call money rate is 6%. The stock has no dividend, and one year later ABC stock is at $57 per share. What’s the margin level one year later? What is y..

  What are the capital gains yield and dividend yield

We have a common stock which has a dividend which grows at 100%for the first 1 year and 200% for the next 1 year. After that it rises more reasonably, but we only know it indirectly. Net profit margin, ATO and financial leverage are .02, 3 and 2 resp..

  What price will the stock reach equilibrium

A share of stock with a beta of .81 now sells for $69. Investors expect the stock to pay a year-end dividend of $4. The T-bill rate is 4%, and the market risk premium is 7%. Suppose investors believe the stock will sell for $71 at year-end. Is the st..

  What is the macaulay duration of the security

What is the Macaulay duration of the following security?

  Lead to the same profit as an investment in the stock

A stock’s price is $38 and the price of a 3-month call option on the stock with a strike price of $38 is $3.80. Suppose a trader has $3,800 to invest and is trying to choose between buying 1,000 options and 100 shares of stock. How high does the stoc..

  Act in the interest of existing shareholders

Assume you are the CEO of a company, MBA Inc, and you always act in the interest of existing shareholders. Your company has one asset, The Diploma, and one investment opportunity. The values of the asset and the opportunity depend on the state of the..

  Activity-based costing system with three activity cost pools

Aberdeen Corp. uses activity-based costing system with three activity cost pools. The following information is provided: Costs: Wages and salaries $ 211,000 Depreciation 115,000 Utilities 120,000 Total $440,000 Activity Cost Pools Assembly Setting Up..

  Commissions charged on the trading of stack

Commissions charged on the trading of stack are?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd