Which sampling methods is used to estimate a numerical

Assignment Help Financial Accounting
Reference no: EM132775461

Problem 1: An auditor, planning an attribute sample from a large number of invoices, intends to estimate the actual rate of deviations. Which factor below is the most important for the auditor to consider?

A. Audit objective                       C. Population size

B. Desired confidence level           D. Population variance

Problem 2: Which of the following statistical selection techniques is least desirable for use by an auditor?

A. Systematic selection      C. Block selection

B. Stratified selection         D. Sequential selection

Problem 3: Which of the following sampling methods is used to estimate a numerical measurement of a population, such as a dollar value?

A. Attribute sampling.              C. Variables sampling.

B. Stop-or-go sampling.           D. Random-number sampling.

Reference no: EM132775461

Questions Cloud

Describe article that relates to your clinical practice : Find and read a nursing scholarly article that relates to your clinical practice and is found in a peer-reviewed journal. Follow the instructions for.
Describe two ways which microorganism are used : Describe two ways which microorganism are used our everyday lives
How much will have if wait ten years : How much will you have if you wait 10 years before beginning to save and only make 37 payments into your retirement? account?
Which risk of incorrect acceptance too low relate to the : Which risk of incorrect acceptance and the risk of assessing control risk too low relate to the? Preliminary estimates of materiality levels
Which sampling methods is used to estimate a numerical : Which sampling methods is used to estimate a numerical measurement of a population, such as a dollar value? Random-number sampling.
Write a paper on health issues in chinese american : Write/discuss in a 1 Pg. Paper on Health issues in Chinese American. No plagiarism, Please Provided proof of TurnItIn document.
Which biochemical test separates gram negative rods : Which biochemical test separates gram negative rods aerobes non fermenters from gram negative rods facultative fermenters
What is the role of a nurse in the debate : What is the role of a nurse in the debate regarding vaccines?
What is human papilloma virus : 1) What is Human Papilloma Virus and how can one prevent themself from getting it and some interesting facts about it.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Make issuance of the bonds on june and the payment

Make issuance of the bonds on June 30, 2016 and the payment of interest at December 31, 2016 and semi-annual interest payment on June 30 2017.

  How much cash was on hand at the end of January

Cost of goods sold is $40,000, and there are no ending inventories or payables. How much cash was on hand at the end of January

  What is the clinics contribution margin on the contract

Grandview Clinic has fixed costs of $2million and an average variables cost rate of $15 per visit. Its sole payer, an HMO, has proposed an annual capitation payment of $150 for each of its 20,000 members. Past experience indicates the population serv..

  Find how much will each of newly grads have at retirement

Find How much will each of the newly grads have at retirement? Joe however does not plan to begin investing until 10 years after Donald begins to invest.

  Analyze what is the current bond price

The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 5.3 percent, what is the current bond price?

  Define the concepts of present value-payback method

define the concepts of present value, payback method, internal rate of return, or net present value and elaborate on your interpretation of their value as assessment tools for an accountant or operator

  Prepare journal entries to update depreciation on truck

On 2009 August 31, Hutch Company sold a truck for USD 6,900 cash. The truck was acquired on 2006 January 1, at a cost of USD 17,400. Depreciation of USD 10,800 on the truck has been recorded through 2008 December 31, using the straight-line method, f..

  What amount should parlor report as goodwill

In its November 30, year 1 consolidated balance sheet, what amount should Parlor report as goodwill?

  Calculate the amount of the firm gross profit

Calculate the amount of the firm's gross profit. Evening Story Corporation has sales of $4,309,189; income tax of $397,256; the selling

  What is zippy economic profit in the first year

what is zippy's economic profit (or loss) in the first year? I tried looking up the equation but just want to double check

  Amortization of the bond premium on the straight-line method

On January 1, 2008, Hernandez Corporation issued $9,000,000 of 10% ten-year bonds at 103. The bonds are callable at the option of Hernandez at 105. Hernandez has recorded amortization of the bond premium on the straight-line method (which was not mat..

  What is a periodic budget

What are two fundamental ways in which the beyond budgeting approach differs from traditional budgeting?

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