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2 years ago

When a company uses a service organization to prepare its payroll, the company's auditors?

1 answer:

6 0

When a company uses a service organization to prepare its payroll, the company's auditors need to understand the internal controls over the transaction regardless of the location of the control.

<h3>What is meant by payroll?</h3>

A payroll is a list of the employees of a company who are eligible for payments and other work perks, as well as the amounts that each person is supposed to receive.

Payroll is the process of paying employees of a business, which includes keeping track of hours worked, figuring out salaries, and sending checks or direct deposits to employees' bank accounts.

A Payroll Specialist with 2-3 years of work experience can earn an average income of up to 7 lakh per year. In addition, you may be eligible for a bonus between INR 30,000 and INR 40,000, based on your performance and work history.

Regardless of where the control is placed, the internal controls over the transaction must be understood by the company's auditors when the firm contracts a service provider to produce its payroll.

To learn more about payroll refer to:

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Quinton wants you to calculate his biweekly paycheck. How much would he earn each pay period if he has an annual salary of $55,5

koban [17]

$2,134.62.

There are approximately 52 weeks in a given year, meaning that there are 52/2, or 26, biweekly pay periods. Therefore, we divide the annual salary of $55,500 by 26 biweekly pay periods to get $2,134.62 for the biweekly paycheck.

The formula is the annual amount divided by the number of periods. Here, there are 26 periods of biweekly (once every two weeks) paychecks.

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3 years ago

The phrase "invisible hand" means that:

never [62]

Answer:

The correct answer is letter "B": The tendency of competition to cause individuals and firms to unintentionally promote the interests of society.

Explanation:

In his book "<em>An Inquiry into the Nature and Causes of the Wealth of Nations</em>" (1776), British economist Adam Smith (1723-1790) introduced the term "invisible hand" to refer that economic factors (buyers and sellers) naturally influence in the fluctuations of supply and demand without the need for the intervention of the government.

According to Smith, buyers and sellers interactions act as an "invisible hand" arranging proper levels of competition between businesses and promoting the best interest of societies.

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3 years ago

1 if we want to fill the post, we'll have to........ ........ a qualified technician

KATRIN_1 [288]

Answer:

1. hire

2. charges

3. get

4. support

5. mentioned

6. all

Explanation:

The company wants to hire a qualified technician for the vacant post. The management and workers both support the strike for common purpose. The reports need to be carefully written and all mentioned facts should be reported correctly.

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3 years ago

Research Hershey's organizational chart and organizational structure. Type a one page paper describing Hershey's organizational

Goshia [24]

Answer:

It resembles a structure of departmental and grid structure. Like departmental association, it has its own specializations headed by chief. The divisions existed in the firm are as per the following:

boss activities/working official
boss development official
CFO
general advice and security
boss Human Resources official
head controlling official and
senior bad habit precedent-worldwide activity

This structure is level in nature, where all the departmental heads are reports to the supervisor Chief Executive Officer as it were. They get orders from the CEO and forward to their subordinates to execute the requests. This is firm is having 3 level administration structure just, for example President, utilitarian heads and officials. with this basic structure, the firm can communicate with others rapidly and without any problem. In the event that there are numerous levels in the center through and through, it sets aside a lot of effort to stream of data or whatever else start to finish and the other way around.

The dynamic is decentralized right now, practical heads have option to take choice at their level, to the major and corporate level methodologies just they relies upon CEO.

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3 years ago

A new strip mall is being considered and the developers want to determine how many parking spaces there should be. It is assumed

Dafna11 [192]

Answer:

The responses to the given question can be defined as follows:

Explanation:

For point a:

Car arrival time $= \frac{15}{hour}$

Each car arrives at an interval of time of $\frac{60}{15} = 4\ minutes$

process time $=0.5 \ hour$

The number of vehicles moving in an hour equals 2 per hour.

As $\frac{15}{2}$ is greater than 1. The device will not work, resulting in such a revenue loss.

Within 44 minutes, a parking lot would be completely full, with only 1 person being serviced, and then the next empty slot would be completed 64 minutes later.

The system's production capacity is 8.5 per hour [a person entering at 0 will exit at 30]. The person that comes in at 4 will leave at 34. Roughly 50 customers would be supported for an hour.

For point b:

The number of customers would be $= 8.5 \times 12 = 102$ for a 12-hour time frame.

Total cost= $12\times 150 = \$1800$

The total number of customers to be served at an expense of $2500= \frac{2500}{150} = 18$ customers.

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3 years ago