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The recorded inventory balance for Faulk Company was $ 1 , 0 0 0 , 0 0 0 and comprised 2 , 5 0 0
The recorded inventory balance for Faulk Company was $ and comprised customer accounts.
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For each of the following independent sets of conditions, determine the appropriate sample size for the audit of Faulk's inventory using classical variables sampling meanperunit estimationRIA risk of incorrect acceptance, RIR risk of incorrect rejection, tolerable misstatement, expected misstatement, standard deviation.Roundup your answers to the nearest whole numbers.
tableSample SizeaRIARIR$$$bRIARIR$$$cRIARIR$$$dRIARIR$$$eRIARIR$$$fRIARIR$$$
Based on the differences in your calculations, identify the general relationship between different factors and sample size.
tableRelationship between risk of incorrect acceptance and sample size,Relationship between risk of incorrect rejection and sample size,Relationship between tolerable misstatement and sample size,Relationship between expected misstatement and sample size,Relationship between standard deviation and sample size,
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