Discuss the sample be likely to yield favorable results

Assignment Help Accounting Basics
Reference no: EM131798903

Assume that the tolerable exception rate (TER) for attribute 4 is 6 percent. Your audit senior indicates that he would like to be able to rely on this control and asks you to increase the sample by an additional 50 items. Use the appropriate statistical sampling table to answer this question:

Will the increase in the sample be likely to yield favorable results for the entire sample of 150 items?

Reference no: EM131798903

Questions Cloud

Discuss inventory accounts to influence financial results : How can someone manipulate inventory accounts to influence financial results? Why would someone do so
Generate the appropriate anova table : a. Use Excel to generate the appropriate ANOVA table. b. At the 5% significance level, is there interaction between fuel type and hybrid type?
Discuss michael porter developed five primary activities : Michael Porter developed five primary activities that directly provide value to customers
Find the total sales for the first week after the campaign : Sales and advertising a store finds that its sales revenue changes at a rate given.Find the total sales for the first week after the campaign ends.
Discuss the sample be likely to yield favorable results : Will the increase in the sample be likely to yield favorable results for the entire sample of 150 items
Annual returns for the three industries : Determine whether significant differences exist in the annual returns for the three industries at the 5% significance level.
What is meant by global localization : A company's global marketing strategy (GMS) is a crucial, competitive tool. Describe some of the global marketing strategies available to companies.
Calculate the present value : calculator, or a computer program present value function, calculate the present value
Problem-massive recall of the potentially contaminated eggs : Reacting to the massive recall of the potentially contaminated eggs from major egg producers in Iowa, the California legislature passed a law prohibiting.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare journal entries for each transaction listed

During the period, bad debts are written off in the amount of $22,000.

  Discuss responsible for maintaining the property

The property management company was responsible for maintaining the property

  Cca-rental income-beta corporation

Beta Corp. purchased two rental properties in 2006. Building X cost $40,000; building Y cost $200,000. The buildings earned the following income or loss during fiscal 2006. The CCA rate is 4%.

  Assume that you are the nurse manager planning the staffing

assume that you are the nurse manager planning the staffing for a 20-bed short-term surgical unit that will be open

  Indicate the codification topic number that provide guidance

What is the specific citation that discusses the disclosures required in the notes to the financial statements for the impairment of long-lived assets classified as held and used?

  Prepare journal entries to record establishment of the fund

The petty cash fund of the Rio Agency is established at $75. At the end of the current period, the fund contained $14 and had the following receipts.

  Compare the amount of overhead allocated to one mobile safe

wilkins corporation manufactures safes-large mobile safes and large walk-in stationary bank safes. as part of its

  Business transactions between store norske

Store Norske is considering using Coal India Limited to assist them in their international business operations. What issues will Store Norske have to address with respect to any business transactions between Store Norske and Coal India Limited? Di..

  The patent has a remaining legal life

Mystic Pizza Company purchased a patent from Prime Pizza Plus on January 1, Year 1 for $72,000. The patent has a remaining legal life of nine years.

  Indicate dollar amounts to be reported as current liability

Flounder Corporation is preparing its December 31, 2017, balance sheet. The following items may be reported as either a current or long-term liability.

  Prepare a pro forma statement of cash flows for the quarter

Prepare a pro forma balance sheet at the end of the quarter, Prepare a pro forma statement of cash flows for the quarter

  Pritchard company manufactures a product that has a

pritchard company manufactures a product that has a variable cost of 30 per unit. fixed costs total 2000000 allocated

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd