Explain why payroll processing centers and electronic systems are commonly used in payroll accounting.
Question:
Explain why payroll processing centers and electronic systems are commonly used in payroll accounting.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 73% (15 reviews)
Payroll processing centers and ...View the full answer
Answered By
Ankur Gupta
I have a degree in finance from a well-renowned university and I have been working in the financial industry for over 10 years now. I have a lot of experience in financial management, and I have been teaching financial management courses at the university level for the past 5 years. I am extremely passionate about helping students learn and understand financial management, and I firmly believe that I have the necessary skills and knowledge to effectively tutor students in this subject.
4.80+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
Explain why difference estimation is commonly used by auditors.
-
Are there additional risks when electronic payment systems are used instead of checks?
-
Explain why conventional cost accounting systems have become less useful in both business and government settings. How does activity-based costing (ABC) reduce the problems created by conventional...
-
.How dependent do you think the success of zero-based budgeting would be on the types of attribution models used? How might you increase the odds of success in this budgeting approach? .Advertising,...
-
Why are greenhouse gas emission assurance engagements necessarily multidisciplinary in their nature?
-
Two balls are thrown from the top of a building, as in the drawing. Ball 1 is thrown straight down, and ball 2 is thrown with the same speed, but upward at an angle with respect to the horizontal....
-
Dash Delivery Co. Ltd operates a freight service and is planning the next years operation. The companys assets are estimated to be \($30\) 400 000 at the beginning of the financial year and \($30\)...
-
In November 2011, Wehav Funds, a profitable engineering firm, signed a loan guarantee as a third party for No Certainty Company, a newly formed organization focused on pharmaceutical research and...
-
Lakeside Incorporated manufactures four lines of remote control boats and uses activity-based costing to calculate product cost. Activity Pools Machining Estimated Total Cost Setup $639,600 101,625...
-
The small particle of mass m and its restraining cord are spinning with an angular velocity on the horizontal surface of a smooth disk, shown in section. As the force F is slightly relaxed, r...
-
Explain what an employer does with the amounts withheld from an employees pay.
-
Mary Sue Guild works for a company that pays its employees 1 times the regular rate for all hours worked in excess of 40 per week. Guild's pay rate is $10.00 per hour. Her wages are subject to...
-
A particle is shot at a velocity of \(3 \times 10^{4} \mathrm{~m} / \mathrm{s}\) to the right and enters the magnetic field generated by a large, flat current-carrying sheet. The current in the sheet...
-
Numerical Problem Sets (100% in total for all problem sets; the credit allocation is specified next to each problem set (e.g., 10% for problem set 1) as highlighted below. Detail must be provided.)...
-
A 1.5-m wide, 2.5-m long, 0.5-m deep spread footing is underlain by a soil with c = 10 kPa, 32, y=18.8 kN/m. The groundwater table is at a great depth. Compute the maximum load this footing can...
-
If f(x) = 4 + 4x - 5x, find f'(-5).
-
ABC's stock price is 88 and in 3 months it will either increase (probability is 50%) by 25% or fall by 25%. Then again over the next 3 months (i.e. from month 3 to month 6) it will again increase...
-
Use the attached deposit slip to prepare a bank deposit. Be sure to review Procedure 20-9 Making a Bank Deposit before completing this assignment. Use the information below in preparing the deposit....
-
Explain the importance of identifying risk factors and using them during the planning phase.
-
Imagine that your best friend knows you are taking a psychology course and wonders what psychology is all about. How would you define psychology for your friend? Write an essay on the discipline of...
-
How does an ANFIS learn? Describe a hybrid learning algorithm. What are the advantages of this algorithm?
-
In general journal form, prepare journal entries to establish a petty cash fund on October 1 and replenish it on October 31. 201X Oct. 1 A $109 petty cash fund is established. 31 At the end of the...
-
If in Exercise 6A-2 cash on hand is $17, prepare the entry to replenish the petty cash on October 31. In Exercise 6A-2 201X Oct. 1 A $109 petty cash fund is established. 31 At the end of the month,...
-
If in Exercise 6A-2 cash on hand is $17, prepare the entry to replenish the petty cash on October 31. In Exercise 6A-2 201X Oct. 1 A $109 petty cash fund is established. 31 At the end of the month,...
-
(Analyzing the quality of earnings and sustainability of capital expenditures)Look up the statement of cash flows for both Home Depot and Lowes using Yahoo! Finance. a.Compute the quality of earnings...
-
On January 1, MM Company borrows $270,000 cash from a bank and in return signs an 4% installment note for five annual payments of $60,649 each. 1. Prepare the journal entry to record issuance of the...
-
Review the Health Care Fraud page on the Federal Bureau of Investigation (FBI) website for a list of common types of health care fraud. Assignment Deliverable word blog post with your takeaways from...
Study smarter with the SolutionInn App