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Which of the following circumstances most likely would cause an auditor to suspect an employee payroll fraud scheme?
a) Payrolls checks are disbursed be the same employee each payday.
b) There are significant unexplained variances between standard and actual labor cost.
c) Employee time cards are approved by individual departmental supervisors.
d) A separate payroll bank account is maintained on an imprest basis.
1.to prevent fraudulent shipments of merchandise organizations shoulda.match every receiving slip to an approved
MBA 640 Exam 1, Spring 1, 2014 Suppose that Smith follows a strategy of one of its competitors which is to spend $200,000 on advertising so that there is more brand awareness.
Conduct a Value Chain analysis to identify value-creating activities. Determine if the company has a sustainable competitive advantage, supporting your claim(s) or recommending action(s).
Determine the company's predetermined overhead rate for year 2011. Assuming that the company's $57,000 ending Goods in Process Inventory account for year 2011 had $18,000 of direct labor costs, determine the inventory's direct materials costs.
Palms, Inc. wants to sell enough palm trees to earn a profit of $20,000. If the unit sales price is $40, unit variable cost is $22, and total fixed costs are $120,400, how many trees must be sold to earn income of $20,000
Piper's income before depreciation, before income taxes, and before the cummulative effect of the accounting change (if any), for the year ended december 31, 2011, is $250,000. The income tax rate for 2011, as well as for the years.
Why is it important to calculate the basis of each partner's interest in the partnership? Is the partner taxed on his basis in the partnership each year? Is the partner taxed on his share of the Net Income of the partnership? How are guaranteed pa..
work in process inventory on december 31,2011, is $42,000. work in process inventory decreased 40% during 2011. total manufacturing cost incurred in 2011 amount to $260,000. what is cost of goods manufactured?
calculate depreciation. a machine cost 500000 on april 1 2008. its estimated salvage value is 50000 and its expected
Determine sample size based on the following audit judgments.
provide an example of a direct cost and indirect cost from your workplace or an organization with which you are
Big Al's Pizza Managerial Accounting Part Seven: Using net present value (NPV) analysis compare the present value of the lease payments with the cost of buying the equipment to replace the leased equipment as explained in Part Seven. Assume a 10% ..
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