FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An auditor is using peso-unit sampling with a fixed interval to test an account with a balance of P750,000. The sample size is 50. The

An auditor is using peso-unit sampling with a fixed interval to test an account with a balance of P750,000. The sample size is 50. The auditor started the selection process with a random start of 04719. Which of the following items would be the third sample item selected? (invoice amount; cumulative invoice amount)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamental Accounting Principles

Fundamental Accounting Principles

Authors: John J Wild, Ken Shaw

25th Edition

1260247988, 978-1260247985

More Books

Students also viewed these Accounting questions

Question

★★★★★
Consider a declining population following the formula b(t) = l / 1 + t (measured in millions). Approximate the population at each of the following times using the tangent with base point t = 0, the...

Answered: 1 week ago

Question

★★★★★
49. Let P(1) and P(2) denote transition probability matrices for ergodic Markov chains having the same state space. Let 1 and 2 denote the stationary (limiting) probability vectors for the two...

Answered: 1 week ago

Question

★★★★★
Show, in Example 5.7, that the distributions of the total cost are the same for the two algorithms.

Answered: 1 week ago

Question

★★★★★
Curtis is 50 years old and has an individual retirement account (IRA) that contains substantial funds. His son, Curtis Jr., was accepted to Yale University upon graduating from high school. Curtis...

Answered: 1 week ago

Question

★★★★★
Standard Quantity and Cost Actual Results Direct materials 6 pounds @ $8 per pound 50,300 pounds @ $8.20 per pound Direct labor 2 DLH @ $16 per DLH 16,200 hours @ $16.50 per hour Overhead 2 DLH @ $13...

Answered: 1 week ago

Question

★★★★★
LIFOPerpetual InventoryThe beginning inventory at Funky Party Supplies and data on purchases and sales for a three-month period are as follows: Jan. 1 Inventory 2,500 $60.00 $150,000 10 Purchase...

Answered: 1 week ago

Question

★★★★★
Next Generation Ltd Trial balance on 31 December 2019 Debit Credit Share capital 570,000 Property, plant, and equipment 2,100,000 Bank 195,000 Revenue 480,000 Rental income 35,000 Cost of sales...

Answered: 1 week ago

Question

★★★★★
Perform the following steps with pen and paper - you should not write code for these steps: Write down your PI (personal identifier). Your PI will be different from your OUCU, but like your OUCU it...

Answered: 1 week ago

Question

★★★★★
What are the three private IP ranges? What are some scenarios where private IP addresses can be used? Briefly compare and contrast Static NAT, Dynamic NAT, and PAT. Using the drawing, how would you...

Answered: 1 week ago

Question

★★★★★
You decide that you need to change the ways you interact with the sales staff. Which of the following actions would best remodel your behavior based on the persuasion principle of being what the...

Answered: 1 week ago

Question

★★★★★
Using FNMA's website takes patience and practice, which is why we asked you to poke around and familiarize yourself with its search functions. We want to hear your opinion. Please answer the...

Answered: 1 week ago

Question

★★★★★
Question 1. (Brown&Churchill Ex.59.1) (modified) Suppose that f(2) is entire and that the harmonic function v(x, y) = Im(f()) has an upper bound vo; that is, v(x, y) to for all points (x, y) in the...

Answered: 1 week ago

Question

★★★★★
2. Find five metaphors for communication.

Answered: 1 week ago

Question

★★★★★
5. Starting with a motive you may have for acting the way you do in a particular situation: a) What purpose did you seek to achieve? b) Which aspects of your past and your surroundings influenced...

Answered: 1 week ago

Question

★★★★★
3. (Constructing a metaphor about something can be done by comparing it to something else by using the word is. For instance, Communication is a bridge between people.

Answered: 1 week ago

Previous Question Next Question