An auditor most likely would assess control risk at high if the payroll department supervisor is responsible for:
A. authorizing payroll rate changes for all employees.
B. comparing payroll registers with original batch transmittal data.
C. examining authorization forms for new employees.
D. hiring all subordinate payroll department employees.
Answer: A
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Appliance maker Whirlpool assigns individual teams of salespeople to big retail customers such as Sears, Lowe's, Best Buy, and Home Depot. Each Whirlpool sales team aligns with the large customer's buying team
Whirlpool has most likely adopted a ________ sales-force structure. A) product B) team-based C) territorial D) market E) complex
A right can exist: A) by itself
B) only if created by a court. C) only if there is a corresponding duty. D) only under local law.
Probable cause is required only for warrantless searches
Indicate whether the statement is true or false
The above diagram shows a balance sheet for a certain company. If the company pays back all of its accounts payable today using cash, what will its net working capital be?
Balance Sheet Assets Liabilities Current Assets Current Liabilities Cash 49 Accounts payable 38 Accounts receivable 21 Notes payable/short-term debt 5 Inventories 18 Total current assets 88 Total current liabilities 43 Long-Term Assets Long-Term Liabilities Net property, plant, and equipment 122 Long-term debt 134 Total long-term assets 122 Total long-term liabilities 134 Total Liabilities 177 Stockholders' Equity 33 Total Assets 210 Total Liabilities and 210 Stockholders' Equity A) $131 million B) $6 million C) $88 million D) $45 million