Projecting nonstatistical sample ressult

Assignment Help Financial Management
Reference no: EM131492560

Which of the following statements is false regarding methods for projecting a nonstatistical sample result?

A. Ratio projection determines the amount of misstatement by dividing the amount of misstatement by the dollars in the sample and multiplying that times the population.

B. Difference projection determines the average misstatement per item found in the sample and projects that using the number of items in the population.

C. If the auditor expects that the amount of misstatement relates closely to the size of the item, ratio projection should be used.

D. If the auditor expects the misstatements to be relatively constant for all items in the population, ratio projection should be used.

Reference no: EM131492560

Questions Cloud

What is the average tax rate : The Dyrdek Co. had $300,000 in 2014 taxable income. Use the tax rates from Table 2.3. What is the average tax rate?
Debt outstanding at start of year-interest tax shield : Debt Outstanding at start of year, Interest, Interest Tax Shield, and PV (Tax Shield). Finally the calculation of APV which should be addition of NPV and PV.
What is the value of the quick ratio : Jessica's Boutique has cash of $218, accounts receivable of $457, accounts payable of $398, and inventory of $647. What is the value of the quick ratio?
Compute the annual mrp and default risk premium : Compute the (a) annual MRP, and (b) default risk premium (DRP) associated with the bonds.
Projecting nonstatistical sample ressult : Which of the following statements is false regarding methods for projecting a nonstatistical sample result?
The decision rule for classical variable sampling : The decision rule for classical variable sampling is "Accept the conclusion that the account is not misstated by a material amount if
What is capitalized cost of the marina if the interest rate : What is the capitalized cost of the marina if the interest rate is 4% per year?
Using net present value when evaluating projects : Green Landscaping. Inc. is using net present value (NPV) when evaluating projects.The project will produce the same after-tax cash inflows of $655.460 per year
What is the yield to maturity for treasury bonds : what is the yield to maturity for treasury bonds that mature at the end of (A) 2018 (a two-year bond) and (B) 2019 (a three-year bond)?

Reviews

Write a Review

Financial Management Questions & Answers

  What is the value of net domestic product

What is the value of net domestic product?  What is the value of net exports?

  Considering a low-risk project whose market beta

Assuming that the company’s overall beta is 1.2102. The risk-free rate is 5%, and the required rate of return on the market is 11%. You are considering a low-risk project whose market beta is 0.5 less than the company’s overall beta.

  What is the amount of fringe benefits

Linda and Richard are married and file a joint return for 2015. During the year, Linda, who works as an accountant for a national airline, used $2,100 worth of free passes for travel on the airline; Richard used the same amount. What is the amount of..

  Effect on the demand for reserves or the supply

Explain and show graphically the effect on the demand for reserves or the supply of reserves of each of the following Fed policy actions:

  What if your expected period of ownership was to change

What if your expected period of ownership was to change to five years. Would owning or renting be better if you wanted to earn a 10% IRR after taxes?

  What would be tabs before-tax component cost of debt

TAB Inc. has a $1,000 (face value), 10 year bond issue selling for $1,184 that pays an annual coupon of 8.5 percent. What would be TAB's before-tax component cost of debt?

  What will be intrinsic price of microsoft stock ten years

Look up annual dividend of Microsoft (MSFT) on finance.yahoo.com. Assuming Microsoft dividend grows by 3% every year for 10 years and the discount rate is 6%. What is the intrinsic price of Microsoft today and is it more or less than the market price..

  Significant advantage of the internal rate of return

All the following variables are used in computing the cost of debt EXCEPT. A significant advantage of the internal rate of return is that it

  Futures contracts on gold are based

Futures contracts on gold are based on 100 troy ounces and priced in dollars per troy ounce. Assume the January gold contract settled today (in December) at 1285.10 and opened at 1284.60. The April contract settled at 1285.30 and opened at 1285. You ..

  Firm is evaluating two projects

A firm is evaluating two projects X and Z. Project X has an initial investment of $80,000 and cash inflows at the end of each of the next five years of $25,000. Project Z has a initial investment of $120,000 and cash inflows at the end of each of the..

  What is the effective annual rate on this loan

Bob's Bank has offered you a $40,000 mortgage on a house. Payments are to be $374.90 per monht for 30 years. Please include equations used to solve this problem. What effective monthly interest rate is Bob charging? What is the APR on this loan? What..

  What is the amount for principal and interest respectively

Z Bank has offered you a $1,000,000 5-year loan at an interest rate of 11.5%, requiring equal annual end-of-year payments that include both principal and interest on the unpaid balance. Develop an amortization schedule for this loan. Out of the 4th y..

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