What is the allowance for sampling risk

Assignment Help Accounting Basics
Reference no: EM131678785

Question - 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?

Reference no: EM131678785

Questions Cloud

Compute the gross profit rate : Assume Sheridan Company has the following reported amounts: Sales revenue $1,570,800, Compute the gross profit rate
Deferred means of making a sizeable gift to nonprofit : Describe several reasons a donor might choose a bequest or deferred means of making a sizeable gift to a nonprofit.
Discuss the idea of drawing separate demand curves : Discuss the idea of drawing separate demand curves for different market segments. It seems logical because each target market should have its own marketing mix.
Marketers respond to areas of growth or opportunity : How can marketers respond to areas of growth or opportunity
What is the allowance for sampling risk : 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
Write the names of five outstanding leaders in history : Individually, take ten minutes and write the names of five outstanding leaders in history.
Counselor educators and supervisors : Counselor educators and supervisors are seen as gatekeepers for the profession, ensuring that learners who graduate from their programs.
State your planned profession : State your planned profession. select from the applied ethics principles or examples one that seems to best apply to your planned profession
At what output did the factory achieve the lowest unit cost : A certain product is being made by hand in a small factory. At what output did the factory achieve the lowest unit cost

Reviews

Write a Review

Accounting Basics Questions & Answers

  What types of costs present matching problems

Four points in the revenue cycle, from production through to cash collection, are possible events for revenue recognition.

  Historical perspective-us foreign policy

Pick two (2) similar federal policies that were discussed over a span of two (2) different administrations. For example, President Clinton's and Obama's healthcare policies or President's George H.W. Bush's and George W. Bush's foreign policy.

  Melissa hoadley and kelly quayle borrowed 16000 on a

melissa hoadley and kelly quayle borrowed 16000 on a 7-month 9 note from gopher state bank to open their business mks

  Statement regarding transactions

According to double-entry accounting, which of the following is a correct statement regarding transactions?

  Calculate the total dividends and the per-share dividends

southern star inc. manufactures and sells surfboards in florida georgia and the alabama. a publicly owned corporation

  Rodriguez and escobedo income ratios

The Best Company at December 31 has cash $20,000, noncash assets $100,000, liabilities $55,000, and the following capital balances: Rodriguez $45,000 and Escobedo $20,000.

  Tech initiatives limited plans to issue 500000 10-year 4

tech initiatives limited plans to issue 500000 10-year 4 percent bonds. interest is payable annually on december 31.

  Ebbe inc purchased merchandise for 500000 received

ebbe inc. purchased merchandise for 500000 received creditfor purchase returns of 25000 took purchase discounts of10000

  Problem regarding the deferred tax

On January 1, 2014, Deng Company purchased an asset for $100,000. For financial accounting purposes, the asset will be depreciated on a straight-line basis over five years with no residual value at the end of that time. For tax purposes, the asset..

  What is the payout policy

What is the payout policy and list and explain the two primary ways in which a firm can distribute cash to shareholders.

  Interpreting bad debt disclosures

Daimler chrysler is the largest industnal group headquartered in Germany Best known as the manufactures of Mercedes-benz and Chrysler ems and trucks, it also manufacture products in the held of rail systems. aerospace. propulmon, defense, and tnfo..

  Prepare the appropriate journal entries from the purchase

Prepare the appropriate journal entries from the purchase through the end of the year.

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