How to maintain control over their payroll systems

Assignment Help Accounting Basics
Reference no: EM13130838

How do companies balance the need to maintain control over their payroll systems with the costs to implement controls to mitigate risks?

Reference no: EM13130838

Questions Cloud

What are amount and character of the loss sustained : Explain how would your answer to part a change if Randall originally organized Silver Fox Corporation, capitalizing it with $250,000 of cash and assuming Silver Fox qualifies as a small business corporation?
Calculate the equilibrium constant : Calculate the equilibrium constant (Keq) for the reaction of equimolar amounts of acetophenone and sodium hydroxide to generate the enolate.
Analyze overall process of accounting for insolvencies : Analyze overall process of accounting for insolvencies and make at least one recommendation for improving current practices. Provide specific examples of how your recommendation would be an improvement.
Illustrate what is karlin total interest expense for year : What amount of cash is paid to bondholders for interest during year 2? Illustrate what is Karlin’s total interest expense for year 2 related to this bond issue?
How to maintain control over their payroll systems : How do companies balance the need to maintain control over their payroll systems with the costs to implement controls to mitigate risks?
Compute the range pf permissible concentrations : The molar absorptivity for the complex formed between bismuth (III) and thiourea is 9.32 x 103 L mol-1 cm-1 at 470 nm. Calculate the range pf permissible concentrations for this complex if the percent transmittance is to be greater than 15.0 % and..
What mass of magnesium will react : An enclosure of volume 0.398 L has a partial pressure of O2 of 3.50 10-6 torr at 30.°C. What mass of magnesium will react according to the following equation. 2 Mg(s) + O2(g) → 2 MgO(s)
How each transaction affects the accounting equation : Bass Lake Eatery borrowed $10,000 from the bank on April 1. The note is a 1-year, 12% note, with both principal and interest to be repaid on March 31, 2011.
Is time-series graph of data be appropriate : The middle five weeks, and 60% during the last 5 weeks. Would a time-series graph of this data be appropriate? Give a reason for your answer.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Roi and residual income-new product line

Compute the East Division's ROI for last year; also compute the ROI as it would appear if the new product line is added and compute the East Division's residual income for last year; also compute the residual income as it would appear if the new pro..

  Specific identification inventory valuation method

Judy's Cars, Inc. sells collectible automobiles to consumers. Judy employs the specific identification inventory valuation method.

  Should junior company buy part externally make it internally

Junior Company currently buys 30,000 units of a part used to manufacture its product at $40 per unit. Recently the supplier informed Junior Company that a 20 percent increase will take effect next year.

  Excess amortization expense

How much goodwill will be reported in the consolidation financial statements on December 31, 2012, at the end of Allen's fiscal year? What is the excess amortization expense for the period ending December 31, 2012?

  Purchase price of the machine

what is the purchase price of the machine if the net present value of the investment is $170,000?

  What is the margin of safety expressed

If Fama Company, with a break-even point at $360,000 of sales, has actual sales of $480,000, what is the margin of safety expressed (1) in dollars and (2) as a percentage of sales? Round the percentage to the nearest whole number.

  Annual cash outflow for operating costs

Jim Bingham is considering starting a small catering business. He would need to purchase a delivery van and several equipment costing $125,000 to equip the business and another $60,000 for inventories

  Describe the discrepancy between diamond foods

Describe the discrepancy between Diamond Foods, Inc.'s description of payments to walnut growers and what the farmers themselves say the payments are for

  Computing the predetermined overhead rate

Budgeted machine hours are 120,000 hours, and budgeted labor hours are 15,000 hours at a rate of $20.00 per hour. Compute the predetermined overhead rate based on:

  Break even analysis to produce or sell the new product

George Fine, owner of Fine Manufacturing, is considering the introduction of a new product line. George has considered factors such as costs of raw materials, new equipment, and requirements of a new production process.

  Internal rate of return on the investment

The machine would reduce labor and other operating costs by $76,000 per year. The internal rate of return on the investment in the new machine is closest to:

  Advanced accounting-journal entries

Prepare all journal entries in all funds and the GCA and GLTL accounts to record the following transactions and events.

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