FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

During the audit of a manufacturing firm, you are performing ADA (Audit Data Analytics) based on the payroll file. You are examining the reasonability of

During the audit of a manufacturing firm, you are performing ADA (Audit Data Analytics) based on the payroll file. You are examining the reasonability of deductions as a percentage of gross wages for the 12 months of the year and the results were summarized in the following scatter chart.

image text in transcribed
Deductions as a % of gross wages 60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0% Months

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Tools For Business Decision Making

Accounting Tools For Business Decision Making

Authors: Paul D. Kimmel,  Jerry J. Weygandt,  Jill E. Mitchell

8th Edition

1119791057, 978-1119791058

More Books

Students also viewed these Accounting questions

Question

★★★★★
U.S. farms produced 3,112,500,000 bushels of soybeans in 2011. Round the soybean production figure to the nearest ten-million. Round each number to the indicated place.

Answered: 1 week ago

Question

★★★★★
The concentration of a medication in the plasma changes at a rate of (t) mg/ml per hour, t hours after the delivery of the drug. (a) Explain the meaning of the statement (1) = 50. (b) There is 250...

Answered: 1 week ago

Question

★★★★★
What conclusions do you draw from the research findings that psychologists ethical beliefs may vary across time, client gender, client age, or other variables?

Answered: 1 week ago

Question

★★★★★
A spherical vessel used as a reactor for producing pharmaceuticals has a 5-mm-thick stainless steel wall (k = 17 W/m K) and an inner diameter of D j = 1.0 m. During production, the vessel is filled...

Answered: 1 week ago

Question

★★★★★
Q. A company that uses a perpetual inventory system made the following cash purchases and sales. There was no beginning inventory. January 1: Purchased 100 units at $10 per unit February 5: Purchased...

Answered: 1 week ago

Question

★★★★★
A $1,000 par value bond was issued 20 years ago at a 12 percent coupon rate. It currently has 15 years remaining to maturity. Interest rates on similar obligations are now 8 percent. Assume Ms....

Answered: 1 week ago

Question

★★★★★
Ramona and Hermione formed Wiley Corporation on January 2. Ramona contributed cash of $285,000 in return for 50 percent of the corporation's stock. Hermione contributed a building and land with the...

Answered: 1 week ago

Question

★★★★★
Was it ethical for Kaufmann to try to back out of the contract? Was it ethical for the buyer to sue for specific performance when the seller had "change of heart" and no longer wanted to sell?

Answered: 1 week ago

Question

★★★★★
An automobile assembly line operates for two shifts aday.Thefirst shiftaccountsfortwo-thirds oftheover-all production. The task of quality control engineers is to monitor the number of...

Answered: 1 week ago

Question

★★★★★
Safe or not, he made it up the tower; since he is, after all, a warrior. The ransom note read: "If you wish to see Princess Eva alive, bring all the diamonds from the royal treasury to the Kingdom of...

Answered: 1 week ago

Question

★★★★★
There are 7 Code-A-Pillar command blocks; 3 left, 2 straight, 1 right, and 1 sound. 3 blocks were chosen at random for the Code-A-Pillar. What is the probability that the 2 straights were chosen for...

Answered: 1 week ago

Question

★★★★★
5. How can a sender (utterer) directly influence the interpreter (receiver)?

Answered: 1 week ago

Question

★★★★★
10. Find a news article in a daily newspaper, and answer the following questions: (a) Does the information in the article support your views and attitudes or does it conflict with them? (b) Does the...

Answered: 1 week ago

Question

★★★★★
2. Give an example where information that is emotionally interesting, specific and close in time and space, can be used to capture someones interest.

Answered: 1 week ago

Previous Question Next Question