EBK AUDITING & ASSURANCE SERVICES: A SY
EBK AUDITING & ASSURANCE SERVICES: A SY
10th Edition
ISBN: 9781259293245
Author: Jr
Publisher: MCGRAW HILL BOOK COMPANY
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Chapter 21, Problem 21.36P

a.

To determine

Introduction:A CPA firm is an accounting professional. It provides many kinds of services such as accounting, management consulting, auditing, advisory services, etc. Professionals of CPA firm are all accountants with an accounting degree.

To describe:The prime plus services to the J including the types of services that can be offered.

b.

To determine

Introduction:A CPA firm is an accounting professional. It provides many kinds of services such as accounting, management consulting, auditing, advisory services, etc. Professionals of CPA firm are all accountants with an accounting degree.

To explain: Assurance on the care providersto J.

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Normal probability distribution Assuming that the rates of return associated with a given asset investment are normally distributed; that the expected return, r, is 17.2%; and that the coefficient of variation, CV, is 0.86, answer the following questions: a. Find the standard deviation of returns, or. b. Calculate the range of expected return outcomes associated with the following probabilities of occurrence: (1) 68%, (2) 95%, (3) 99%. a. The standard deviation of returns, or, is %. (Round to three decimal places.) b. (1) The lowest possible expected return associated with the 68% probability of occurrence is %. (Round to two decimal places.) The highest possible expected return associated with the 68% probability of occurrence is decimal places.) (2) The lowest possible expected return associated with the 95% probability of occurrence is decimal places.) %. (Round to two %. (Round to two The highest possible expected return associated with the 95% probability of occurrence is decimal…
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