Which of the following statements is not true?
a. Routine payroll processing begins with the submission of time cards.
b. Payroll clerks must verify the hours reported on the time cards.
c. Payroll reconciles personnel action forms with time cards and prepares paychecks.
d. Cash disbursements signs paychecks and forwards them to the paymaster for distribution.
B
You might also like to view...
Identify the type of promotion that gives away the product itself or a closely related product
A) price-oriented promotion B) product-oriented promotion C) trade promotion D) vertical promotion
Organizations cannot gain a competitive advantage by enhancing existing products or services.
Answer the following statement true (T) or false (F)
What problem did Claremont McKenna encounter that resulted in national headlines about the school?
a. It was allowing law students to attend review courses b. It was allowing law students to use application consultants c. It was increasing its SAT score averages above what they actually were d. There was no problem except a rogue admissions officer
Wenner Corporation would like to use target costing for a new product it is considering introducing. At a selling price of $44 per unit, management projects sales of 10,000 units. The new product would require an investment of $900,000. The desired return on investment is 10%.The desired profit according to the target costing calculations is:
A. $44,000 B. $90,000 C. $440,000 D. $350,000