Shortcomings in the payroll procedures

Assignment Help Accounting Basics
Reference no: EM13152128

1. Identify the shortcomings in the payroll procedures used in the payroll department of the Galena plant and suggest corrective actions.

2. Identify the weaknesses, if any, that you believe are material and the reasons why.

Reference no: EM13152128

Questions Cloud

Journal entries for the transactions involving investments : Provide the National Star Inc. journal entries for the transactions involving its investment in Krypton Labs Inc. during 2010.
Computing firm wacc : The after-tax cost of debt is 4.00%, the cost of preferred is 7.50%, and the cost of retained earnings is 11.50%. The firm will not be issuing any new stock. What is the firm's WACC?
What is the percent dissociation for acetic acid in vinegar : vinegar is a 5.0% solution by weight of acetic acid (CH3CO2H)in water. given that the ph for acetic acid is 2.41, the ka=1.8X10-5 and assuming the density of vinegar to be 1.00g/cm3, what is the percent dissociation for acetic acid in vinegar?
Define low concentration replicate : Low concentration replicate samples of Cd-EDTA gave the following counts in a mass spectral measurement: 178.3, 131.2, 144.3, 159.3, 128.3, 197.7, 149.3, 153.9, 143.3, 160.9. Ten measurements of a blank had a mean of 27.7 counts
Shortcomings in the payroll procedures : Identify the shortcomings in the payroll procedures used in the payroll department of the Galena plant and suggest corrective actions.
Find probability that a second child wont he a tongue roller : The ability to curl your tongue up on the sides (T, tongue rolling) is dominat to not being able to roll your tongue. A woman who can roll her tongue marries a man who cannot. Their first child has his father's phenotype.
Determining project regular payback : Haig Aircraft is considering a project that has an up-front cost paid today at t = 0. The project will generate positive cash flows of $60,000 a year at the end of each of the next five years.
What is the freezing point of a solution : What is the freezing point of a solution made by dissolving 352g of ethylene glycol C2H6O2 on 648 g of water the freezing point of pure water is 0.0C and kf of pure water is -1.86Cm?
Explain what volume of methanol is formed : What volume of methanol is formed if 3.11×1011 of methane at standard atmospheric pressure and 25 is oxidized to methanol

Reviews

Write a Review

Accounting Basics Questions & Answers

  Computation of pension expense

The computation of pension expense includes all the following except a. service cost component measured using current salary levels. b. interest on projected benefit obligation.

  Develop a document flowchart

The individual stores in the Mark Goodwin convenience chain prepare two copies of goods requisition form (GRF) when they need to order merchandise from the central warehouse.

  What is the return on equity

A company has taxable income of $1,760 with a tax rate of 38 percent. Owners equity is: $400 in stock, $200 in capital surplus, and $200 in retained earnings. What is the return on equity (ROE)?

  Present value of the depreciation tax shield

Paul Porter is proposing to purchase a machine, which will cost $1 million, last eight years, and have a salvage value of 20%. Given a tax rate of 35% and a cost of capital of 6%, if double-declining balance depreciation is used and PP switches to..

  What percentage of the contribution margin is profit

What percentage of the contribution margin is profit on units sold in excess of the breakeven point?

  Determine the company predetermined overhead rate

Hemingway, Inc. applies factory overhead based on direct labor costs. The company incurred the following costs during 2011: direct materials costs, $650,000; direct labor costs, $3 million; and factory overhead costs applied, $1,800,000.

  Calculate the net cash provided by operating activities

October Corporation reported net income of $46,000 in 2012. Depreciation expense was $17,000 and unrealized holding losses on temporary investments (FV-NI) were $3,000. The following accounts changed as indicated in 2012:

  Annual per-share dividend

Analyze: what annual per-share dividend was paid to common stockholders in 2010?

  Underlying rationale for the alimony rules

The underlying rationale for the alimony rules is that: 1. The fruit and tree metaphor should be rigorously applied.

  Labor price and quantity variances

a. What were QuickyLube's labor price and quantity variances for the most recent week? b. What factor(S) could explain QuickyLube's labor variances?

  Problem on job order cost system

Harna, Inc. uses a job order cost system. During the year the company decreased Manufacturing Overhead by $400,000. Which of the following most likely should be recorded at the same time?

  Draw a cvp chart for the company

Seton Company manufactures a single product that sells for $360 per unit and whose total variable cost are $270 per unit. The company's annual fixed costs are $1,125,000. (1) Use this info to compute the company's (a) contribution margin, (b)contribu..

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