Which method of selecting the sample is usually the best

Reference no: EM13122800

1. The Acme Company has an $8,000,000 balance in accounts receivable. Their CPA believes that there are very few misstatements. Which of the following would the CPA use to audit the account?
a. Mean per unit
b. Ratio estimation
c. Probability proportionate to size
d. Classical variables sampling

2. The expected population deviation rate is determined by
a. Judgment
b. Last year's deviation rate
c. Standard deviation calculation
d. None of the above

3. Which method of selecting the sample is usually the best?
a. Systematic sampling
b. Random number sampling
c. Block sampling
d. Probability proportionate to size sampling

4. Which of the following should not be performed by generalized audit software?
a. Calculating standard deviation
b. Gap detection
c. Identify deviations
d. All of the above can be done by generalized audit software

Reference no: EM13122800

Questions Cloud

The argument "hooked on facebook" : From the argument "Hooked on Facebook" write answers to the following question: What is the argument?What evidence is being used to support the argument?Is the opposing view addressed in the argument? And refuted?What, if any, appeals (emotioal, logi..

Perform hypothesis test to find evidence to support claim : Convincing evidence to support the claim that fewer than half of adult Americans can name at least one justice currently serving on the Supreme Court.

Information regarding word problem : The slope intercept formula in math form is y=mx+b. The slope in this case is m and determines how much increase there is in y from an increase in x.

Feelings such as happy or sad : Prepare a plan for a 45-minute lesson on vocabulary of character traits. You have a class of 60 students of different levels. Think how you will generate and sustain student interest, how you will group the students and how you will cater for differe..

Which method of selecting the sample is usually the best : The Acme Company has an $8,000,000 balance in accounts receivable. Their CPA believes that there are very few misstatements. Which of the following would the CPA use to audit the account?

Explain the null hypothesis and alternative hypothesis : Then, label the one that is the claim being made. An employment agency claims that the mean starting salary for actuary assistants is at least $55,000.

Test claim that tutoring has an effect on the math scores : Five students took a math test before and after tutoring. Their scores were as follows. Using a 0.01 level of significance, test the claim that the tutoring has an effect on the math scores.

Equation of line for given point and slope : Graph the line with a slope -4 passing through the point (3,1). Make sure to use Excel or Word for constructing the graph.

What account would be debited and credited : If you received the utility bill for $400 but the bill is not due until the 15th of the following month how would you journalize them? What account would be debited and what would be credited?

User Account

All Pages