b. Calculate the sample size and the sampling interval using Table 8-5, Edwards should use for the following information: (Use the tables, not IDEA, to solve for these problems. Round your interval answer to the nearest whole number.) Tolerable misstatement Expected misstatement Desired confidence level Recorded amount of accounts receivable Sample size Sampling interval c. Calculate the UML using Table 9-3 assuming that the following three misstatements were discovered in testing based on the MUS sample computed in part (b). (Use the tables, not IDEA, to solve for these problems. Do not round intermediate calculations. Round your answer to the nearest dollar amount.) UML Misstatement Number 1 2 WNI $ 15,000 $ 6,000 95 % $300,000 3 Book Value Audit Value 400 320 $ $ 500 0 3,000 2,500

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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b. Calculate the sample size and the sampling interval using Table 8-5, Edwards should use for the
following information: (Use the tables, not IDEA, to solve for these problems. Round your interval
answer to the nearest whole number.)
Tolerable misstatement
Expected misstatement
Desired confidence level
Recorded amount of accounts receivable
Sample size
Sampling interval
c. Calculate the UML using Table 9-3 assuming that the following three misstatements were discovered
in testing based on the MUS sample computed in part (b). (Use the tables, not IDEA, to solve for these
problems. Do not round intermediate calculations. Round your answer to the nearest dollar amount.)
UML
Misstatement Number
1
WNI
2
$ 15,000
$ 6,000
95 %
$300,000
3
Book Value Audit Value
400
320
$
$
500
0
3,000
2,500
Transcribed Image Text:b. Calculate the sample size and the sampling interval using Table 8-5, Edwards should use for the following information: (Use the tables, not IDEA, to solve for these problems. Round your interval answer to the nearest whole number.) Tolerable misstatement Expected misstatement Desired confidence level Recorded amount of accounts receivable Sample size Sampling interval c. Calculate the UML using Table 9-3 assuming that the following three misstatements were discovered in testing based on the MUS sample computed in part (b). (Use the tables, not IDEA, to solve for these problems. Do not round intermediate calculations. Round your answer to the nearest dollar amount.) UML Misstatement Number 1 WNI 2 $ 15,000 $ 6,000 95 % $300,000 3 Book Value Audit Value 400 320 $ $ 500 0 3,000 2,500
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