Ethical Issue: The owner of the R’s Restaurant pays the wages of his 16 part-time employees by cash withdrawal from cash register and does not withhold or deduct any taxes or allowances. R’s public accountant has tried to convince R that the direct currency payment with any tax deduction is not proper and legal way but R is totally against to change the current process of payroll. To identify: The stakeholders.

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Answer 1

Question

Chapter 11, Problem 11.7BYP

(a)

To determine

Ethical Issue: The owner of the R’s Restaurant pays the wages of his 16 part-time employees by cash withdrawal from cash register and does not withhold or deduct any taxes or allowances. R’s public accountant has tried to convince R that the direct currency payment with any tax deduction is not proper and legal way but R is totally against to change the current process of payroll.

To identify: The stakeholders.

(b)

To determine

To identify: the legal and ethical consideration of payroll of R Company

(c)

To determine

To identify: the responsibilities of accountant A.

(d)

To determine

To identify: The internal control principles violated in the payroll process by R.

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Assume the actual sales volume is 74,500 units and the budgeted sales volume is 76,000 units. If the actual sales price is $7.20 and the budgeted sales price is $7.80, what is the sales volume variance? a) $11,700 unfavorable b) $11,700 favorable c) $10,500 unfavorable d) $10,500 favorable

Answer 2

Question

Chapter 11, Problem 11.7BYP

(a)

To determine

Ethical Issue: The owner of the R’s Restaurant pays the wages of his 16 part-time employees by cash withdrawal from cash register and does not withhold or deduct any taxes or allowances. R’s public accountant has tried to convince R that the direct currency payment with any tax deduction is not proper and legal way but R is totally against to change the current process of payroll.

To identify: The stakeholders.

(b)

To determine

To identify: the legal and ethical consideration of payroll of R Company

(c)

To determine

To identify: the responsibilities of accountant A.

(d)

To determine

To identify: The internal control principles violated in the payroll process by R.

Expert Solution & Answer

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See solution

Answer 3

Question

Chapter 11, Problem 11.7BYP

(a)

To determine

Ethical Issue: The owner of the R’s Restaurant pays the wages of his 16 part-time employees by cash withdrawal from cash register and does not withhold or deduct any taxes or allowances. R’s public accountant has tried to convince R that the direct currency payment with any tax deduction is not proper and legal way but R is totally against to change the current process of payroll.

To identify: The stakeholders.

(b)

To determine

To identify: the legal and ethical consideration of payroll of R Company

(c)

To determine

To identify: the responsibilities of accountant A.

(d)

To determine

To identify: The internal control principles violated in the payroll process by R.

Expert Solution & Answer

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See solution

Answer 4

Question

Chapter 11, Problem 11.7BYP

(a)

To determine

Ethical Issue: The owner of the R’s Restaurant pays the wages of his 16 part-time employees by cash withdrawal from cash register and does not withhold or deduct any taxes or allowances. R’s public accountant has tried to convince R that the direct currency payment with any tax deduction is not proper and legal way but R is totally against to change the current process of payroll.

To identify: The stakeholders.

(b)

To determine

To identify: the legal and ethical consideration of payroll of R Company

(c)

To determine

To identify: the responsibilities of accountant A.

(d)

To determine

To identify: The internal control principles violated in the payroll process by R.

Expert Solution & Answer

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Answer 5

Chapter 11, Problem 11.7BYP

(a)

To determine

Ethical Issue: The owner of the R’s Restaurant pays the wages of his 16 part-time employees by cash withdrawal from cash register and does not withhold or deduct any taxes or allowances. R’s public accountant has tried to convince R that the direct currency payment with any tax deduction is not proper and legal way but R is totally against to change the current process of payroll.

To identify: The stakeholders.

(b)

To determine

To identify: the legal and ethical consideration of payroll of R Company

(c)

To determine

To identify: the responsibilities of accountant A.

(d)

To determine

To identify: The internal control principles violated in the payroll process by R.

Answer 6

Chapter 11, Problem 11.7BYP

(a)

To determine

Ethical Issue: The owner of the R’s Restaurant pays the wages of his 16 part-time employees by cash withdrawal from cash register and does not withhold or deduct any taxes or allowances. R’s public accountant has tried to convince R that the direct currency payment with any tax deduction is not proper and legal way but R is totally against to change the current process of payroll.

To identify: The stakeholders.

Answer 7

Chapter 11, Problem 11.7BYP

(a)

To determine

Ethical Issue: The owner of the R’s Restaurant pays the wages of his 16 part-time employees by cash withdrawal from cash register and does not withhold or deduct any taxes or allowances. R’s public accountant has tried to convince R that the direct currency payment with any tax deduction is not proper and legal way but R is totally against to change the current process of payroll.

To identify: The stakeholders.

Answer 8

(b)

To determine

To identify: the legal and ethical consideration of payroll of R Company

Answer 9

(b)

To determine

To identify: the legal and ethical consideration of payroll of R Company

Answer 10

(c)

To determine

To identify: the responsibilities of accountant A.

Answer 11

(c)

To determine

To identify: the responsibilities of accountant A.

Answer 12

(d)

To determine

To identify: The internal control principles violated in the payroll process by R.

Answer 13

(d)

To determine

To identify: The internal control principles violated in the payroll process by R.

Answer 14

Expert Solution & Answer

Answer 15

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Answer 16

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Answer 17

Ch. 11 - Prob. 1Q Ch. 11 - Prob. 2Q Ch. 11 - Prob. 3Q Ch. 11 - Prob. 4Q Ch. 11 - Prob. 5Q Ch. 11 - Prob. 6Q Ch. 11 - Prob. 7Q Ch. 11 - 8. What is the difference between gross pay and...Ch. 11 - Prob. 9Q Ch. 11 - Prob. 10Q

To identify: the legal and ethical consideration of payroll of R Company

To identify: the responsibilities of accountant A.

To identify: The internal control principles violated in the payroll process by R.

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Chapter 11 Solutions