Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
1. Daniel Longan owns and manages Daniel's Restaurant, a 24-hour restaurant near the city's medical complex. Daniel employs 9 full-time employees and 16 part-time emplyees. He pays all of the full-time employees by check, the amounts of which are determined by Daniel's public accountant, Gina Watt. Daniel pays all of his part-time employees in currency. He computes their wages and withdraws the cash directly from his cash register. Gina has repeatedly urged Daniel to pay all employees by check. But as Daniel has told his competitor and friend, Steve Hill, who owns the Greasy Diner, "My part-time employees prefer the currency over a check. Also, I don't withhold or pay any taxes or workmen's compensation insurance on those cash wages because they go totally unrecorded and unnoticed."
Instructions
(a) Who are the stakeholders in this situation?
(b) What are the legal and ethical considerations regarding Daniel's handling of his payroll?
(c) Gina Watt is aware of Daniel's payment of the part-time payroll in currency. What are her ethical responsibilities in this case?
(d) What internal control principle is violated in this payroll process?
What are the basic factors that must be considered in presenting annual report?
1. a revenue variance is favorable if the revenue in the static planning budget exceeds the revenue in the flexible
Compute the inventory for this department as of January 31, at retail prices. Compute the ending inventory using lower-of-average-cost-or-market.
Calculate the unit cost for each quarter and for the year using the following costs:
melissa who is 70 years old is unmarried and has no dependents. her annual income consists of a taxable pension of
resprin company uses the fifo mehtod in its process costing system. data for the assembly department for may appear
The items contained in the Retained Earnings section of a balance sheet are often complex and confusing. Suggest an improvement for the reporting on this information that will help the users of the statement to have a better understanding of the a..
Exponential fit to grouped data with progressive censoring. For motivation, first see the distribution transformer data in Table 3.1 of Chapter 10. Each group there is assumed here to have the same exponential life distribution with common mean θ,..
trish a self employed cpa and calendar year taxpayer acquires and places in service an automobile and a personal
harris inc. had the following balances and transactions during 2014beginning merchandise inventory as ofjanuary 1
budgeted overhead for cinnabar industries at normal capacity of 30000 direct labor hours is 4.50 per hour variable and
Prepare an Excel sheet summary comparison summary
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd