User Account

All Pages

What is the projected misstatement level

Assignment Help Accounting Basics
Reference no: EM132046272

Question - An auditor is going to use MUS with the following characteristics: population size: $1,000,000; sample size: 20; tolerable misstatement: $120,000. The auditor found only a $3,000 misstatement in a customer account of $75,000. What is the projected misstatement and upper misstatement level is the confidence level is 90%?

Reference no: EM132046272

Questions Cloud

What is the amount of federal income tax : In 2015 they sold the 100 shares for $29 a share. What is the amount of federal income tax they owe as a result of the sale
Widgets and wodgets are substitutes or complements : Determine whether widgets are a normal or inferior good, and whether widgets and wodgets are substitutes or complements.
Develop a brief country risk assessment : Determine the political, economic, social, and capital risks associated with doing business in China. What are the most important factors to consider? Why?
Why is this assessment of costs incorrect : In the report, these proposals were listed as incurring $0 of cost since they required no university outlays. Why is this assessment of costs incorrect?
What is the projected misstatement level : The auditor found only a $3,000 misstatement in a customer account of $75,000. What is the projected misstatement and upper misstatement level
Name and explain the biggest advantage : The U.S. has many sources of comparative advantage. Name and explain the biggest advantage?
Current value of the Euro CD principal in dollars and pounds : What is the current value of the Euro CD principal in dollars and pounds?
Demand for computers likely to be elastic or inelastic : How about the demand for new homes? The demand for six-packs of Seven-Up?
Make education a public good : High school education is a positive externality. When we have public high schools we are trying to make education a public good.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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