Homework Answers
Option D is the correct answer.
Preparing attendance data and preparing payroll is highly incompatible activity pairs among the given options.
Proper internal control is very crucial for the effective functioning of the organization.
If there is no proper control exists, there is an increased chance for the frauds and errors in the operations.
In the given case, preparing the attendance data is a function of the timekeeping department whereas preparing the payroll is the function of the HR department.
The two functions clubbed, there may be a chance for fraud in the form of fraudulent payments by manipulating the attendance records.
All the remaining options are compatible pairs of activities and have significantly less chance for frauds and errors than that of Option 4.
Add Answer to:
Which of the following activities is incompatible? A. Hiring employees and authorising changes in the pay...
Match the codes assigned to the payroll functions to the procedures listed below: H: Hiring Employees...
Match the codes assigned to the payroll functions to the procedures listed below: H: Hiring Employees T: Timekeeping PRE: Preparing the Payroll PAY: Paying the Payroll Distribution of Checks by the treasurer______________ Supervisor approves hours worked_____________ Posting job openings__________ Maintenance of payroll records__________ Verification of payroll calculations__________ Screening and interviewing of job applicants______________ Employmnent authorization_______ Signing pre_numbered payroll checks___________ Use of a time clock_____________ Payroll tax return preparation___________ Employee signs receipt acknowledging cash received_________ Documentation of employee hiring___________
Question 18 Which of the following activities is not associated with the Employee section of the...
Question 18 Which of the following activities is not associated with the Employee section of the Home page? (Quickbooks) A. Write checks B. Pay payroll liabilities C. Process payroll forms D. Enter time
Which of following steps should be taken by the Human Resources Department when hiring new employees?...
Which of following steps should be taken by the Human Resources Department when hiring new employees? a. References should be checked b. Tests may be administered c. Personnel files should be prepared d. All of these choices are correct.
Alicia is considering hiring a PEO to help manage the HR needs for 65 employees at...
Alicia is considering hiring a PEO to help manage the HR needs for 65 employees at her art studio. The company she is talking with has sent her information on its services and the associated costs, along with a contract for her to sign without asking Alicia about her company. Why should Alicia be concerned? A. The PEO might not be able to manage all of the specific payroll variations for Alicia's employees because of the number of employees. B....
Requirement c. For each internal control, identify a specific misstatement that is likely to be prevented...
Requirement c. For each internal control, identify a specific misstatement that is likely to be prevented if the control exists and is effective. (Use each letter corresponding to a specific misstatement only once.) (Click the icon to view the misstatements likely to be prevented if the controls exist and are effective.) i Misstatements likely to be prevented Internal control Human resource policies require an investigation of an employment application from new employees. Investigation includes checking the employee's background, former employers,...
An executive order called for a payroll tax deferment. This allows employees to not pay their...
An executive order called for a payroll tax deferment. This allows employees to not pay their portion of payroll taxes until Federal taxes are due on April 30. Describe the condition(s) are (is) necessary for this executive order to stimulate the economy? B. Draw the market graph assuming the condition(s) above and describe the equilibrium changes. C. Do you think this is an effective policy? Why or why not?
Requirement a. For each internal control, identify the type(s) of specific control activity (or activities) to...
Requirement a. For each internal control, identify the type(s) of specific control activity (or activities) to which it applies (such as adequate documents and records or physical control over assets and records). Internal control Control activity(ies) Human resource policies require an investigation of an employment application from new employees. Investigation includes checking the 1. employee's background, former employers, and references. Approval of department head or foreman on time records is required 2. before preparing payroll. Adequate documents and records All...
Stark Company has five employees. Employees paid by the hour earn $10 per hour for the...
Stark Company has five employees. Employees paid by the hour earn $10 per hour for the regular 40-hour workweek and $15 per hour beyond the 40 hours per week. Hourly employees are paid every two weeks, but salaried employees are paid monthly on the last biweekly payday of each month. FICA Social Security taxes are 6.2% of the first $128,400 paid to each employee, and FICA Medicare taxes are 1.45% of gross pay. FUTA taxes are 0.6% and SUTA taxes...
Stark Company has five employees. Employees paid by the hour earn $14 per hour for the...
Stark Company has five employees. Employees paid by the hour earn $14 per hour for the regular 40 hour workweek and $19 per hour beyond the 40 hours per week. Hourly employees are paid every two weeks, but salaried employees are paid monthly on the last biweekly payday of each month. FICA Social Security taxes are 6.2% of the first $128,400 paid to each employee, and FICA Medicare taxes are 1.45% of gross pay. FUTA taxes are 0.6% and SUTA...
Stark Company has five employees. Employees paid by the hour earn $10 per hour for the regular 40-hour workweek and $15 per hour beyond the 40 hours per week. Hourly employees are paid every two weeks, but salaried employees are paid monthly on the last b
Stark Company has five employees. Employees paid by the hour earn $10 per hour for the regular 40-hour workweek and $15 per hour beyond the 40 hours per week. Hourly employees are paid every two weeks, but salaried employees are paid monthly on the last biweekly payday of each month. FICA Social Security taxes are 6.2% of the first $137,700 paid to each employee, and FICA Medicare taxes are 1.45% of gross pay. FUTA taxes are 0.6% and SUTA taxes...
Requirement c. For each internal control, identify a specific misstatement that is likely to be prevented if the control exists and is effective. (Use each letter corresponding to a specific misstatement only once.) (Click the icon to view the misstatements likely to be prevented if the controls exist and are effective.) i Misstatements likely to be prevented Internal control Human resource policies require an investigation of an employment application from new employees. Investigation includes checking the employee's background, former employers,...
Requirement a. For each internal control, identify the type(s) of specific control activity (or activities) to which it applies (such as adequate documents and records or physical control over assets and records). Internal control Control activity(ies) Human resource policies require an investigation of an employment application from new employees. Investigation includes checking the 1. employee's background, former employers, and references. Approval of department head or foreman on time records is required 2. before preparing payroll. Adequate documents and records All...
Stark Company has five employees. Employees paid by the hour earn $14 per hour for the regular 40 hour workweek and $19 per hour beyond the 40 hours per week. Hourly employees are paid every two weeks, but salaried employees are paid monthly on the last biweekly payday of each month. FICA Social Security taxes are 6.2% of the first $128,400 paid to each employee, and FICA Medicare taxes are 1.45% of gross pay. FUTA taxes are 0.6% and SUTA...
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 11 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 11 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 11 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 11 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 11 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 11 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 11 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 11 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 11 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 11 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 11 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 11 months ago