Accounting Information Systems
11th Edition
ISBN: 9781337552127
Author: Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill
Publisher: Cengage Learning
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Question
Chapter 7, Problem 6P
Summary Introduction
To compare: The control matrices of the Suprina matrix and the PwC control matrix.
Introduction:
It is an information structure which collects and manages data of an organization which can be utilized by analysts, managers, and other decision-making authorities of an organization.
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Compute the mean, median, and mode of the data sample. (If every number of the set is a solution, enter EVERY in the answer box.)
3, 4, 4, 8, −4
mean______
median_______
mode__________
5. Selecting a sample of items from a data set so that the sample is representative of the population as a whole requires
A Random selection of items; data privacy
B Transparency of the sampling process; a sufficiently large sample size
C Random selection of items, a sufficiently large sample size
Mansparency of the sampling process, data privacy
6. Frenchay plc sells two chemicals, XF1 and XF2. The company’s Finance Director has received a report confirming that whenever the price of XF1 is reduced, demand for XF2 decreases. The Finance Director can conclude that XF1 and XF2 are:
complementary goods
normal goods
substitute goods
inferior goods
POS stands for Point of Sale. List the benefits they have over traditional data collecting methods.
Chapter 7 Solutions
Accounting Information Systems
Ch. 7 - Describe organizational governance.Ch. 7 - Prob. 2RQCh. 7 - Describe the eight elements of ERM.Ch. 7 - Describe and compare risks and opportunities.Ch. 7 - Prob. 5RQCh. 7 - Prob. 6RQCh. 7 - Prob. 7RQCh. 7 - What is COSO?Ch. 7 - Prob. 9RQCh. 7 - Prob. 10RQ
Ch. 7 - Prob. 11RQCh. 7 - Prob. 12RQCh. 7 - Prob. 13RQCh. 7 - Prob. 14RQCh. 7 - Prob. 15RQCh. 7 - Prob. 16RQCh. 7 - Prob. 17RQCh. 7 - Prob. 18RQCh. 7 - Prob. 19RQCh. 7 - Prob. 1DQCh. 7 - Prob. 2DQCh. 7 - Prob. 3DQCh. 7 - Provide five examples of potential conflict...Ch. 7 - Prob. 5DQCh. 7 - Prob. 6DQCh. 7 - Prob. 7DQCh. 7 - Prob. 8DQCh. 7 - Prob. 9DQCh. 7 - Prob. 1SPCh. 7 - Match the concept in List 1 with the definition or...Ch. 7 - Match the concept in List 1 with the definition or...Ch. 7 - Prob. 4SPCh. 7 - Prob. 1PCh. 7 - Prob. 2PCh. 7 - Prob. 3PCh. 7 - Prob. 4PCh. 7 - Prob. 6P
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- b. Convert the Data available into a Table and choose a Design of your choice.c. Obtain the Mean, Median, Standard Deviation, Variance, Quartiles (Q1, Q2, Q3, Q4), IQRfor the entire data (1895-1998), using ONLY Excel Functions (not using the Analysis ToolPak Add-In)d. Use the Statistical measurements generated from the Analysis Toolpak (Add-In) andcompare the values obtained in (c). Comment on your findings.arrow_forward1. Which of the following would be designed to estimate a numerical measurement of a population, such as monetary value?* A. Sampling for variables B. Sampling for attributes C. Sequential sampling D. Discovery sampling E. None of themarrow_forwardam. 109.arrow_forward
- Identify the Sampling technique shown in .this picture (ihä 1) Simple Random Sampling O Systematic Random Sampling O Stratified Random Sampling O Cluster Sampling Oarrow_forwardPlease dont use any AI. It's strictly prohibited. Help me please asap.arrow_forwardCompute Cohen’s kappa to assess reliability using Rater 1 and Rater 2. Interpret theoutput as in Output 6.1 by writing an explanatory paragraph as you would in the method sectionof an article or paper.arrow_forward
- A diagram showing interrelationships between two or more variables is called a __________. Multiple Choice histogram variance analysis pivottable grapharrow_forwardcan you show this problem using a two way data table?arrow_forwardThis problem requires the use of ACL software, which is includedin the CD attached to the text. Information about installing and using ACL and solvingthis problem can be found in Appendix, pages 830–834. You should read all of thereference material, especially the material on sampling, to answer questions a. through e.For this problem use the “Inventory” file in the “Inventory_Review” subfolder undertables in Sample_Project. Suggested commands, where applicable, are indicated at the endof the problem requirements.a. Calculate the sample size and sampling interval for an MUS sample based on inventory value at cost (Value). Use a confidence level of 90%, materiality of $40,000,and expected errors of $2,500. (Sampling/Calculate Sample Size; select “monetary”radio button)b. What is the sampling size and sampling interval if you increase materiality to$50,000 and decrease expected errors to $1,000?c. Select the sample based on the sampling interval determined in part a. (Sampling /Sample…arrow_forward
- The following is a set of data from a sample of n= 11 items. Complete parts (a) through (c). 14 13 4 15 3 16 12 10 19 1 Y 28 26 8 30 6 32 24 20 38 2 a. Compute the covariance. |(Round to three decimal places as needed.) b. Compute the coefficient of correlation. (Do not round until the final answer. Then round to three decimal places as needed.) c. How strong is the relationship between X and Y? Explain. O A. X and Y have a perfect negative correlation because all points fall on a straight line with a negative slope. B. X and Y have a strong positive correlation because as X increases, Y tends to increase also. C. X and Y have a perfect positive correlation because all points fall on a straight line with a positive slope. D. X and Y have no correlation. 124arrow_forwardCreate a sample problem of an External Rate of Return.arrow_forwardMonetary unit sampling (MUS) is the most commonly used statistical method of samplingfor tests of details because of its simplicity and its ability to provide statistical resultsin dollars. Read an article titled “Monetary-Unit Sampling Using Microsoft Excel” thatappeared in the May 2005 issue of The CPA Journal (www.nysscpa.org/cpajournal/2005/505/essentials/p36.htm) to answer the following questions.a. The authors suggest that there are three critical steps in applying MUS. What arethese steps?b. How do the authors indicate that an MUS sample size is determined?c. What two factors must be considered when evaluating the results of the sample?arrow_forward
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