a. In each of the following independent problems, design an unbiased random sampling plan, using an electronic
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(1) Prenumbered sales invoices in a sales journal where the lowest invoice number is 1 and the highest is 8274.
(2) Prenumbered bills of lading where the lowest document number is 18221 and the highest is 29427.
(3) Accounts receivable on 20 pages with 50 lines per page except the last page, which has only 29 full lines. Each line has a customer name and an amount receivable.
(4) Prenumbered invoices in a sales journal where each month starts over with number 1. (Invoices for each month are designated by the month and document number.) There is a maximum of 25 pages per month with a total of 215 pages for the year. All pages have 100 invoices except for the last page for each month.
b. Using systematic sampling, select the first five sample items for populations (1) through (3) from part a, using the random starting points shown. Recall that the sample size is 75 in each case.
(1) Invoice #39
(2) Bill of lading #18259
(3) Page 1, line #11
Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
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Related Book For
Auditing and Assurance services an integrated approach
ISBN: 978-0132575959
14th Edition
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley
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