Even complicated and confusing topics will be easily developed and covered if you request our help writing an essay. Place an order today!

Who are the stakeholders in this situation?

Tim Duggan owns and manages Sky Restaurant, a 24-hour restaurant near the city's medical complex. Tim employs 9 full-time employees and 16 part-time employees. He pays all of the full-time employees by check, the amounts of which are determined by Tim's public accountant, Cheryl Williams. Tim pays all of his part-time employees in currency. He computes their wages and withdraws the cash directly from his cash register. Cheryl has repeatedly urged Tim to pay all employees by check. But as Tim has told his competitor and friend, Sara Hill, who owns the Sara's Diner, "First of all, my part-time employees prefer the currency over a check, and secondly I don't withhold or pay any taxes or workmen's compensation insurance on those wages because they go totally unrecorded and unnoticed."

Required:

  1. Who are the stakeholders in this situation?
  2. What are the legal and ethical considerations regarding Tim's handling of payroll?
  1. Cheryl is aware of Tim's method of payment of his part-time employees. What are her ethical responsibilities in this situation?
  2. What internal control principle is being violated  

testimonials icon
/*! elementor - v3.6.5 - 27-04-2022 */ .elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading...
testimonials icon
4.10 Late Pleistocene Homo Assignment (Graded Assignment)1515 unread replies.1515 replies.Late Pleistocene Homo Assignm...
testimonials icon
Order instructions TOC Groups” Please respond to the following:Need to also respond to another student answer of...
testimonials icon
The man who played a key role in the emergence of biopsychology as a discipline by writing The Organization of Behavior...
testimonials icon
Description: Students will pick a topic from the list below (or you may propose an alternative): • Marcellus Shale Drilling and its impacts on aq...
testimonials icon
Crafting Meaningful and Measurable Learning Objectives Learning objectives lay the foundation for a lesson. As the quote above alludes to,...
testimonials icon
How accurate are Alan’s recollections of living with his father? Is Alan’s memory of real people or ha...
testimonials icon
            With the constant development in the realm of psychology, different approaches and techniques...
testimonials icon
Identify the five modes of transportation and describe two advantages and two disadvantages of each mode.What are the o...
testimonials icon
Only qualified people in this graduate level course needs to contact me via handshake. Textbook: Greenburg, J. (2011)...

Other samples, services and questions:

Calculate Price

When you use PaperHelp, you save one valuable — TIME

You can spend it for more important things than paper writing.

Approx. price
$65
Order a paper. Study better. Sleep tight. Calculate Price!
Created with Sketch.
Calculate Price
Approx. price
$65