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1) You are an auditor on an engagement examining your client's purchasing controls (population size is 35,000). You have established a risk of overreliance of 10%, an expected population deviation rate of 1.5% and a tolerable rate of deviation of 5%.
2) You are an auditor on an engagement. A component of an account balance has a recorded balance of $9k and an audited balance of $7k. Using MUS, if the sampling interval is $20k, the projected misstatement would be..?
3) You are an auditor on an engagement. Assume you found three deviations in a sample of 90 transactions. Using AICPA sample evaluation tables, the upper limit rate of deviation at a 5% risk of overreliance is...
4) You are an auditor on an engagement. You examine a sample of a 100 items and find five deviations. You calculate an upper deviation of 9.1 percent. What is the allowance for sampling risk?
Please show your work.
Elucidate a monopoly which formed naturally or through vertical or horizontal mergers.
Dividend in year 1 = $8, growth = 6%, floatation costs percentage of stockprice = 11.4%, and the current stock price = $58.
Give an personal example of a reverse logistics system you have experienced as a consumer. Were you satisfied with cycle time of process and what steps did the company take to guarantee your satisfaction.
Baby copy company is a worldwide producer of copy machines. It manufactures 10 different copieers, ranging from low-end desktop copiers that sell for a few hundred dollars to high volume document machines that retail for over $200,000.
Use the classical model and the quantity theory of money to predict how each of the following shocks would affect the real wage rate (W/P), the real interest rate (r), real aggregate income (Y), and the price of goods and services (P) in a closed ..
What is the level of required reserves and excess reserves held by banks in this town?
general this exam will cover the material from throughout the economics. that is anything is fair game but the
Under what circumstances would a monopolistic firm be economically more efficient than a group of small, competitive firms If there are such monopolies, what are the drawbacks and how could they be corrected
Define what is the sum of all the money that the federal government has borrowed over the years and not yet repaid?
Briefly explain why empirical consumer demand studies such as Patrick McCarthy's study of automobile demand are relevant to managers?
Markum Corporation owes a creditor $60,000. Markum transfers property to the creditor to satisfy the debt. Markum purchased the property four years ago for $45,000 and it is currently worth $60,000. Does Markum have any gross income as a result of th..
Explain how do you examine the higher demand has affected the equilibrium wage. In which direction do you think the labor supply and demand shifted.
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