Sample observations of a claims processor made over a 160-hour work month reveal that the worker produced a total of 384 completed claims forms. The performance rating was 80%
The worker was idle 20% of the time (so that idle time should be subtracted from the total time when computing the average observed time). The allowance factor is 8%. What is the normal time per unit?
A) 0.42 minutes
B) 16.0 minutes
C) 17.4 minutes
D) 20.0 minutes
E) 21.7 minutes
B
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Capital at the beginning of the month had a balance of $30,500, the net loss for the month was $12,000, and withdrawals for personal use during the month totaled $1,500 . The capital balance at the end of the month was
a. $30,500; b. $18,500; c. $17,000; d. $12,000; e. $1,500
A weekly reconciliation of cash receipts would include comparing
a. the cash prelist with bank deposit slips b. the cash prelist with remittance advices c. bank deposit slips with remittance advices d. journal vouchers from accounts receivable and general ledger
For which of the following errors should the appropriate amount be added to the balance per bank on a bank reconciliation?
A) Deposit of $250 recorded by the bank as $25 B) Deposit of $25 recorded by the bank as $250 C) Check for $25 recorded in company books as $52 D) Check for $52 recorded in company books as $25
Lian’s company contracts with the EthicsPoint Ethics Assist Line. He emails the assist line to report an ongoing ethics behavioral problem between two coworkers. EthicsPoint takes the information and categorizes it. What will then happen to Lian’s reported information?
a. EthicsPoint will dispatch an ethics manager to interview the involved parties. b. The appropriate manager at Lian’s company will be put in contact with Lian about the issue. c. The appropriate manager at Lian’s company will receive the information anonymously. d. EthicsPoint will have Lian come in to discuss the issue with Lian’s company ECO or ombudsperson.