Ecompute the payroll deductions for employee fringe benefits

Assignment Help Econometrics
Reference no: EM131050648

In determining the effectiveness of an entity's internal controls relating to the existence or occurrence assertion for payroll transactions, an auditor most likely would inquire about and:

(A) Observe the segregation of duties concerning personnel responsibilities and payroll disbursement.

(B) Inspect evidence of accounting for prenumbered payroll checks.

(C) Recompute the payroll deductions for employee fringe benefits.

(D) Verify the preparation of the monthly payroll account bank reconciliation.

Reference no: EM131050648

Questions Cloud

Zero-interest-bearing note to brown company : Samson Corporation issued a 4-year, $75,000, zero-interest-bearing note to Brown Company on January 1, 2014, and received cash of $47,664. The implicit interest rate is 12%. Prepare Samson's journal entries for (a) the January 1 issuance and (b) ..
Estimate the fraction of defective parts : How many units would have to be sampled to be 95% confident that you can estimate the fraction of defective parts within 2% (using the information from today's sample--that is using the result that )?
Identify the null hypothesis and the alternative hypothesis : Assume we want to use a 0.10 significance level to test the claim. (a) Identify the null hypothesis and the alternative hypothesis. (b) Determine the test statistic. Show all work; writing the correct test statistic, without supporting work, will r..
Journal entries to record the issuance of the note : Coldwell, Inc. issued a $100,000, 4-year, 10% note at face value to Flint Hills Bank on January 1, 2014, and received $100,000 cash. The note requires annual interest payments each December 31. Prepare Coldwell's journal entries to record (a) the ..
Ecompute the payroll deductions for employee fringe benefits : Observe the segregation of duties concerning personnel responsibilities and payroll disbursement.
Worried about having enough money for retirement : Of the 1060 surveyed,568 stated that they were worried about having enough money for retirement. Construct a 95% confidence interval for the proportion of adults who are worried about having enough money for retirement.
Research and analyse the share price history of dsh : Research and analyse the share price history of DSH from its launch to the date of administration and estimate the (beta) for DSH using data from its launch on the ASX in 2013 to June 30 2015.
Identify solid-tine profit function as either push or pull : Identify the solid-tine profit function as either "push" or "pull" and the dashed-line profit function as either 'push" or "pug" (In other words which one is which?).
What is the z-score for a score : Queen's School of Business in Kingston, Ontario requires a minimum LSAT score of 157 for admission. What is the z-score for a score of 157? Round to three decimal places.a

Reviews

Write a Review

Econometrics Questions & Answers

  How many popsicles will be sold per day

at a price of $1 each, 100 popsicles are sold per day in the perpetually hot town of Rostin. Consider the elasticity of supply. In the short run, a price increase from $1 to $2 is unit-elastic (Es = 1.0). So how many popsicles will be sold each da..

  1 the data set provided to you gives information on

1. the data set provided to you gives information on employee wages and years of education beyond high school. do the

  Estimate a multiple regression model of the form

Variables will you need to transform to estimate this equation? Write the transformations you will need to do to those variables - Estimate the Mincer wage equation

  Find how many rides will the driver provide now

Assume the city imposes a new requirement for a $100 per year taxi license fee for all drivers. Assume the regulated price remains fixed at $40. how many rides will the driver provide now and what are his profits

  What nominal interest rate is being charged

A loan of $20000 is to be financed to assist a person's colllege education. Based upon monthly compounding for 48 months, the end-of-the-month equal payment is quoted as $520. What nominal interest rate is being charged

  How much interest of the bond will be paid quarterly

A corporate bond has a face value of $10,000 with a bond rate of 6%. The interest of the bond will be paid quarterly. The bond will mature in 10 years. If the bond is sold at $7,500 on the market, what is the yield (return) on the bond

  Find the marginal probability density function

(a) Find the marginal probability density function of Y (b) Find the conditional probability density function of Y given that X=2 (c) Find the covariance of X and Y (d) Are X and Y independent 1 3 9 2 1/8 1/24 1/12 X 4 1/4 1/4 0 6 1/8 1/24 1/12

  Question about probability

3-defective electric toothbrushes were accidentally shipped to a drug store called Clean brush items along with seventeen non-defective ones.

  What are the sales-maximizing values of a-r and s

The manager of a firm estimates that the sales of her firm are related to radio and newspaper advertising in the following way: S = 12,000 + 1,800AR, where S = the number of units sold, A = the number of quarter-page newspaper advertisements, and ..

  Calculate the marginal revenue product

Calculate the marginal revenue product for each additional unit of labor if output sells for $3 per unit b. Draw the demand curve for labor based on the above data and the $3-per-unit product price c. If the wage rate is $15 per hour, how much labor ..

  What amount would be available for capital replacements

The first operating expense was in July 2005, and the first replacement expense is in July 2009. If all money earns interest at 5% after the time of endowment, what amount would be available for capital replacements at the end of every fifth year ..

  Compute the percentage change of the overall price level

A small nation of ten people idolizes the TV show American Idol. All they produce and consume are karaoke machines and CDs, in the following amounts a. Using a method similar to the consumer price index, compute the percentage change in the overall..

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!

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