What actions company take if refused to return extra checks

Assignment Help Accounting Basics
Reference no: EM13259377

Ken a salaried employee, was terminated from his company in Aprilof this year. Business had been slow since the beginning of theyear, and each of the operating plants had laid off workers.

Ken's dismissal was processed throughthe Human Resources Department, but the information was not relayedto the corporate payroll office.

As had been the policy, checks for workersat remote sites were mailed to the employees. The mailing of Ken'schecks continued for the next four weekly paydays. It wasn't untilthe monthly payroll reports were sent to Ken's supervisor that theerror was detected.

Ken refused to return the four extra checks. What actions should the company take?

Reference no: EM13259377

Questions Cloud

What are economic sectors and market subsections included : Choose 3 Indices (but not DJIA, NASDAQ & S&P 500)What are economic sectors and market subsections are included?
Translating foreign subsidiary income statements : When translating foreign subsidiary income statements using the current rate method why are some accounts translated at an average rate?
Extrinsic values to improve decision making : Compare and contrast intrinsic and instrumental values. Provide at least two examples how each is crucial to good ethical reasoning. Recommend ways to use intrinsic and extrinsic values to improve decision making.
Amount of cash received from the sale : If $4,000,000 of 12% bonds are issued at 101, the amount of cash received from the sale is:
What actions company take if refused to return extra checks : Ken a salaried employee, was terminated from his company in Aprilof this year. Ken refused to return the four extra checks. What actions should the company take?
Explain electrophoresis and compare the intensity of my pcr : How do I know what the theoretical size is? I can make an estimate using the gel electrophoresis and compare the intensity of my pcr band with my ladder to make an estimation but how do I know the theoretical size
What examples does kristi nichols use to support position : What examples does Kristi Nichols use to support her position that the Founding Fathers were guided by modern liberal principles? Do you agree with her position?
What are maria options : If Maria files a complaint in the appropriate court, will she be successful? Discuss why or why not.
State following species are amphiprotic in aqueous solution : Which of the following species are amphiprotic in aqueous solution? For such a species, write one equation showing it acting as an acid, and another equation showing it acting as a base. OH¯, NH4+, H2O, HS¯, NO2?, HCO3?, HBr

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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