subject
Business, 10.04.2022 23:00 andrewcamp99

Question 3 (3 marks): Audit Sampling The account receivables population for Albert Company as following:

Population Item Recorded Amount
1 300
2 655
3 150
4 455
5 45
6 1017
7 567
8 2017
9 368
10 2000
11 78
12 200
13 60000
14 1123
15 68

Required:
1. Select a random sample of 5 items from population, using monetary unit sampling with random number table. Use the starting point of line 08, column 01. Without replacement in sample selection. Describe the advantages and disadvantages of using monetary unit sampling with random number table.
2. Select a random sample of 4 items from population, using monetary unit sampling with systematic selection. Use the starting point of 515. Without replacement in sample selection. Describe the advantages and disadvantages of using monetary unit sampling with systematic selection.

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 19:40, madisynk78
Adistinguishing feature of ecological economics is the concept of cost-benefit analysis steady-state economies that, like natural systems, neither grow nor shrink environmental damage and also environmental benefits are external greenwashing to increase public acceptance of products the only healthy economy is one that is growing
Answers: 1
image
Business, 23.06.2019 03:20, Wolfgirl2032
Suppose that fixed costs for a firm in the automobile industry (start-up costs of factories, capital equipment, and so on) are $5 billion and that variable costs are equal to $17,000 per finished automobile. because more firms increase competition in the market, the market price falls as more firms enter an automobile market, or specifically, , where n represents the number of firms in a market. assume that the initial size of the u. s. and the european automobile markets are 300 million and 533 million people, respectively. a. calculate the equilibrium number of firms in the u. s. and european automobile markets without trade. b. what is the equilibrium price of automobiles in the united states and europe if the automobile industry is closed to foreign trade? c. now suppose that the united states decides on free trade in automobiles with europe. the trade agreement with the europeans adds 533 million consumers to the automobile market, in addition to the 300 million in the united states. how many automobile firms will there be in the united states and europe combined? what will be the new equilibrium price of automobiles? d. why are prices in the united states different in (c) and (b)? are consumers better off with free trade? in what ways?
Answers: 1
image
Business, 23.06.2019 06:40, itzzzabbi
Acollege career counselor working at a community college is part of what career area? a. administration b. professional support services c. teaching and training d. guidance counseling
Answers: 2
image
Business, 23.06.2019 08:30, Nae0523
What effect, considered related to the secondary effect of advertisement, occurs as an advertisement begins to lose its impact when it gets old? the makes the advertisement lose its impact after it gets old.
Answers: 1
You know the right answer?
Question 3 (3 marks): Audit Sampling The account receivables population for Albert Company as foll...

Questions in other subjects:

Konu
Mathematics, 03.08.2020 18:01