Determine whether additional audit work should be done

Assignment Help Financial Accounting
Reference no: EM13133546

The Hamster Stop has $93,650 in the Accrued Payroll account. Hamster's weekly payroll is $156,000 and the accrual represents payroll for 3 days. If controls are strong, determine whether additional audit work should be done on this account.

Reference no: EM13133546

Questions Cloud

Find an interval in which would expect return to fail : For each mutual fund, find an interval in which you would expect 95.44 percent of all yearly returns to fall. Assume returns are normally distributed.
How much was depreciation expense : This resulted in a loss of $4,000. Assuming that no other assets were disposed of during the year, how much was depreciation expense for 2008?
Information about radius of curvature : At what points of the curve x = a(t - sint), y = a(1 -cost), z = 4acos(t/2) does the radius of curvature take its local maximum?
Shareholder basis for the stock : If the entity is an S corporation and the transaction qualifies under § 351, the S corporation's basis for the property and the shareholder's basis for the stock are:
Determine whether additional audit work should be done : The Hamster Stop has $93,650 in the Accrued Payroll account. Hamster's weekly payroll is $156,000 and the accrual represents payroll for 3 days. If controls are strong, determine whether additional audit work should be done on this account.
Curve fitting techniques : Task: Apply curve-fitting techniques and interpret the results. As such, your work will include doing scatterplots, determining the equation and graph of the curve on the scatterplot, finding the r^2 value,
Evaluate the company vulnerability to current : Evaluate the company’s vulnerability to current financial threats such as a recession, higher interest rates, and global competition.
List at least three qualitative attributes of snack food : List at least 3 qualitative attributes of the snack food about which they might want to ask consumers. Make sure at least one of them is nominal.
Obtuse arc length and area of sector : A windshield wiper is 3 feet long and the blade is 2 feet long. If the wiper can trace out an angle of 110 degrees, what area can the blade wipe?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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