Data Analytics For Accounting
19th Edition
ISBN: 9781260375183
Author: RICHARDSON
Publisher: MCG
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Chapter 5, Problem 5P
To determine
Identify the approach a company uses when the continuous audit system has too many alarms which are false positives. In addition, explain the reasons for approach that would change when there are too many missed abnormal events of false negatives.
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Last year, Junction Company earned an operating income of $32,500 with a contribution margin ratio of 0.35. Actual revenue was $280,000. Calculate the total fixed cost. Round your answer to the nearest dollar, if required.
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Data Analytics For Accounting
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