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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.
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 employee wages and years of education beyond high school. do the
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
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
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
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
(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
3-defective electric toothbrushes were accidentally shipped to a drug store called Clean brush items along with seventeen non-defective ones.
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 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 ..
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 ..
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..
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