The recorded accounts receivable balance for Warner Company was $ 500,000. Required: For each of the following

Question:

The recorded balance for Warner Company was $ 500,000.

Required:
For each of the following independent sets of conditions, determine the appropriate sample size for the examination of Warner’s in MUS. Based on the differences in your calculations, identify the general relationship between different factors and sample size. (RIA 5 risk of incorrect acceptance, TM 5 tolerable misstatement, EM 5 expected misstatement).
a. RIA 5 5 percent, TM 5 $ 50,000, EM 5 $ 10,000.
b. RIA 5 5 percent, TM 5 $ 50,000, EM 5 $ 25,000.
c. RIA 5 10 percent, TM 5 $ 50,000, EM 5 $ 10,000.
d. RIA 5 10 percent, TM 5 $ 50,000, EM 5 $ 25,000. 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...