Determine the appropriate non-statistical sample size for columns 2 to 7 and its impact on the factors ARO, TER, EPER and population size compared with column 1.

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Answer 1

Question

Chapter 15, Problem 31DQP

a.

To determine

Determine the appropriate non-statistical sample size for columns 2 to 7 and its impact on the factors ARO, TER, EPER and population size compared with column 1.

b.

To determine

Determining the initial sample size needed to satisfy the auditor’s requirements using attributes sampling.

c.

To determine

Determining the effect on initial sample size when the factors change separately keeping the other factors held to be constant. The factors that change are an increase in ARO, an increase in the TER, an increase in the EPER, and an increase in the population size.

d.

To determine

Identify the reason for the large difference in the sample sizes for columns 3 and 6.

e.

To determine

Identify the factor which appears to have the greatest effect on the initial sample size and one that appears to have the least effect among the four factors by comparing the results of part c with part a or part b.

f.

To determine

Explain the reason of calling the sample size as the initial sample size.

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Chapter 18 Homework i Saved 15 Exercise 18-14 (Algo) Contribution margin income statement LO C2 1 points eBook Hint Sunn Company manufactures a single product that sells for $190 per unit and whose variable costs are $133 per unit. The company's annual fixed costs are $628,000. The sales manager predicts that next year's annual sales of the company's product will be 39,800 units at a price of $198 per unit. Variable costs are predicted to increase to $138 per unit, but fixed costs will remain at $628,000. What amount of income can the company expect to earn under these predicted changes? Prepare a contribution margin income statement for the next year. SUNN COMPANY Contribution Margin Income Statement Units $ per unit 39,800 $ 198 Ask Sales Variable costs 39,800 Print Contribution margin 39,800 Fixed costs Income References Mc Graw Hill $ 7,880,400 138 5,492,400 2,388,000 628,000 $ 1,760,000 Help Save & Exit Submit Check my work

Answer 2

Question

Chapter 15, Problem 31DQP

a.

To determine

Determine the appropriate non-statistical sample size for columns 2 to 7 and its impact on the factors ARO, TER, EPER and population size compared with column 1.

b.

To determine

Determining the initial sample size needed to satisfy the auditor’s requirements using attributes sampling.

c.

To determine

Determining the effect on initial sample size when the factors change separately keeping the other factors held to be constant. The factors that change are an increase in ARO, an increase in the TER, an increase in the EPER, and an increase in the population size.

d.

To determine

Identify the reason for the large difference in the sample sizes for columns 3 and 6.

e.

To determine

Identify the factor which appears to have the greatest effect on the initial sample size and one that appears to have the least effect among the four factors by comparing the results of part c with part a or part b.

f.

To determine

Explain the reason of calling the sample size as the initial sample size.

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Answer 3

Question

Chapter 15, Problem 31DQP

a.

To determine

Determine the appropriate non-statistical sample size for columns 2 to 7 and its impact on the factors ARO, TER, EPER and population size compared with column 1.

b.

To determine

Determining the initial sample size needed to satisfy the auditor’s requirements using attributes sampling.

c.

To determine

Determining the effect on initial sample size when the factors change separately keeping the other factors held to be constant. The factors that change are an increase in ARO, an increase in the TER, an increase in the EPER, and an increase in the population size.

d.

To determine

Identify the reason for the large difference in the sample sizes for columns 3 and 6.

e.

To determine

Identify the factor which appears to have the greatest effect on the initial sample size and one that appears to have the least effect among the four factors by comparing the results of part c with part a or part b.

f.

To determine

Explain the reason of calling the sample size as the initial sample size.

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Answer 4

Question

Chapter 15, Problem 31DQP

a.

To determine

Determine the appropriate non-statistical sample size for columns 2 to 7 and its impact on the factors ARO, TER, EPER and population size compared with column 1.

b.

To determine

Determining the initial sample size needed to satisfy the auditor’s requirements using attributes sampling.

c.

To determine

Determining the effect on initial sample size when the factors change separately keeping the other factors held to be constant. The factors that change are an increase in ARO, an increase in the TER, an increase in the EPER, and an increase in the population size.

d.

To determine

Identify the reason for the large difference in the sample sizes for columns 3 and 6.

e.

To determine

Identify the factor which appears to have the greatest effect on the initial sample size and one that appears to have the least effect among the four factors by comparing the results of part c with part a or part b.

f.

To determine

Explain the reason of calling the sample size as the initial sample size.

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Answer 5

Chapter 15, Problem 31DQP

a.

To determine

Determine the appropriate non-statistical sample size for columns 2 to 7 and its impact on the factors ARO, TER, EPER and population size compared with column 1.

b.

To determine

Determining the initial sample size needed to satisfy the auditor’s requirements using attributes sampling.

c.

To determine

Determining the effect on initial sample size when the factors change separately keeping the other factors held to be constant. The factors that change are an increase in ARO, an increase in the TER, an increase in the EPER, and an increase in the population size.

d.

To determine

Identify the reason for the large difference in the sample sizes for columns 3 and 6.

e.

To determine

Identify the factor which appears to have the greatest effect on the initial sample size and one that appears to have the least effect among the four factors by comparing the results of part c with part a or part b.

f.

To determine

Explain the reason of calling the sample size as the initial sample size.

Answer 6

Chapter 15, Problem 31DQP

a.

To determine

Determine the appropriate non-statistical sample size for columns 2 to 7 and its impact on the factors ARO, TER, EPER and population size compared with column 1.

Answer 7

Chapter 15, Problem 31DQP

a.

To determine

Determine the appropriate non-statistical sample size for columns 2 to 7 and its impact on the factors ARO, TER, EPER and population size compared with column 1.

Answer 8

b.

To determine

Determining the initial sample size needed to satisfy the auditor’s requirements using attributes sampling.

Answer 9

b.

To determine

Determining the initial sample size needed to satisfy the auditor’s requirements using attributes sampling.

Answer 10

c.

To determine

Determining the effect on initial sample size when the factors change separately keeping the other factors held to be constant. The factors that change are an increase in ARO, an increase in the TER, an increase in the EPER, and an increase in the population size.

Answer 11

c.

To determine

Determining the effect on initial sample size when the factors change separately keeping the other factors held to be constant. The factors that change are an increase in ARO, an increase in the TER, an increase in the EPER, and an increase in the population size.

Answer 12

d.

To determine

Identify the reason for the large difference in the sample sizes for columns 3 and 6.

Answer 13

d.

To determine

Identify the reason for the large difference in the sample sizes for columns 3 and 6.

Answer 14

e.

To determine

Identify the factor which appears to have the greatest effect on the initial sample size and one that appears to have the least effect among the four factors by comparing the results of part c with part a or part b.

Answer 15

e.

To determine

Identify the factor which appears to have the greatest effect on the initial sample size and one that appears to have the least effect among the four factors by comparing the results of part c with part a or part b.

Answer 16

f.

To determine

Explain the reason of calling the sample size as the initial sample size.

Answer 17

f.

To determine

Explain the reason of calling the sample size as the initial sample size.

Answer 18

Expert Solution & Answer

Answer 19

Expert Solution & Answer

Answer 20

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Answer 21

Ch. 15 - Prob. 1RQ Ch. 15 - Prob. 2RQ Ch. 15 - Prob. 3RQ Ch. 15 - Prob. 4RQ Ch. 15 - Prob. 5RQ Ch. 15 - Prob. 6RQ Ch. 15 - Prob. 7RQ Ch. 15 - Prob. 8RQ Ch. 15 - Prob. 9RQ Ch. 15 - Prob. 10RQ

Determine the appropriate non-statistical sample size for columns 2 to 7 and its impact on the factors ARO, TER, EPER and population size compared with column 1.

Solution Summary: The author explains how to determine the appropriate non-statistical sample size for columns 2 to 7 and its impact on the factors ARO, TER, EPER and population size.

Determine the appropriate non-statistical sample size for columns 2 to 7 and its impact on the factors ARO, TER, EPER and population size compared with column 1.

Determining the initial sample size needed to satisfy the auditor’s requirements using attributes sampling.

Determining the effect on initial sample size when the factors change separately keeping the other factors held to be constant. The factors that change are an increase in ARO, an increase in the TER, an increase in the EPER, and an increase in the population size.

Identify the reason for the large difference in the sample sizes for columns 3 and 6.

Identify the factor which appears to have the greatest effect on the initial sample size and one that appears to have the least effect among the four factors by comparing the results of part c with part a or part b.

Explain the reason of calling the sample size as the initial sample size.

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Chapter 15 Solutions