8 questions total, thank you for your help

1. The objectives of internal control are to:

a) provide control over "internal-use only" reports and employee internal conduct

b)prevent fraud, and promote the social interest of the company

c) provide reasonable assurance that assets are safeguarded and used for business purposes, business information is accurate, and laws and regulations are complied with

d) control the internal organization of the accounting department personnel and equipment

2. Which one of the following reflects a weak internal control system?

a) a single employee is responsible for comparing a receiving report to an invoice

b) all employees must take their vacations

c) a single employee is responsible for collecting and recording of cash

d) all employees are well supervised

3. On the balance sheet after adjusting entries are made, the amount shown for the Allowance for Doubtful Accounts is equal to the

a) total of the accounts receivable written off during the year.

b) sum of all accounts that are past due.

c) total estimated uncollectible accounts as of the end of the year.

d) uncollectible accounts expense for the year.

4. Accumulated Depreciation

a) is used to show the amount of cost expiration of intangibles.

b) is used to show the amount of cost expiration of natural resources.

c) is the same as Depreciation Expense.

d) is a contra asset account.

5. A machine with a cost of $61,643.00 has an estimated residual value of $4,531.00 and an estimated life of 3 years or 18,843 hours. It is to be depreciated by the units-of-production method. What is the amount of depreciation for the second full year, during which the machine was used 3,157 hours?

Select the correct answer.

a) $38,074.67

b) $10,327.81

c) $19,037.33

d) $9,568.68

6. Equipment with a cost of $141,390.00 has an estimated residual value of $7,803.00 and an estimated life of 5 years or 16,000 hours. It is to be depreciated by the straight-line method. What is the amount of depreciation for the first full year, during which the equipment was used 3,667 hours?

Select the correct answer.

a) $36.43

b) $5.00

c) $30,616.47

d) $26,717.40

7. An employee receives an hourly wage rate of $23, with time and a half for all hours worked in excess of 40 hours during a week. Payroll data for the current week are as follows: hours worked, 45; federal income tax withheld, $323; social security tax rate, 6.0%; and Medicare tax rate, 1.5% on all earnings. What is the gross pay for the employee?

Select the correct answer.

a) $2,070

b) $1,035

c) $1,093

d) $1,553

8. An employee receives an hourly wage rate of $22, with time and a half for all hours worked in excess of 40 hours during a week. Payroll data for the current week are as follows: hours worked, 42; federal income tax withheld, $317; social security tax rate, 6.0%; and Medicare tax rate, 1.5% on all earnings. What is the net amount to be paid to the employee?

Select the correct answer.

a) $558

b) $1,460

c) $946

d) $1,315