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vodka [1.7K]
3 years ago
6

Using PPS sampling, determine the sample size that you want to use for sending accounts receivable confirmations. Draw on the in

formation you learned about PPS sampling in Chapter 10. The book value of accounts receivable before the allowance for doubtful accounts is $71,622,804. You make the following assumptions: You set tolerable misstatement for accounts receivable at $3,500,000. Expected misstatement = $750,000. Risk of incorrect acceptance = 37%. Given these parameters: What do you believe to be appropriate qualitative assumptions for inherent risk and control risk given the risk of incorrect acceptance used?

Business
1 answer:
8_murik_8 [283]3 years ago
4 0

Answer:

The below solution will guide your believe of what should be appropriate qualitative assumptions for inherent risk.

Explanation:

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Checking account balance $651,600; cash restricted for future plant expansion $540,900; short-term Treasury bills $185,260; cash
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Answer:

Cash balance is $652,440

Explanation:

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4 years ago
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Answer:

The wages and salaries in the planning budget for August would be closest to: $46,824

Explanation:

The planning Budget is Based on the Actual level of Activity for this question,This is known as <em>flexing</em> the budget.

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