An auditor is using regression analysis to investigate battery expense for a computer manufacturer that purchases batteries.

Question:

An auditor is using regression analysis to investigate battery expense for a computer manufacturer that purchases batteries. Which of the following would be a good choice of independent variable for the regression?

a. Revenues.

b. Number of employees.

c. Square footage of manufacturing space.

d. Number of computers sold.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Auditing A Practical Approach with Data Analytics

ISBN: 978-1119401742

1st edition

Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton

See More Books

Question Posted: Dec 31, 2019 05:30 AM

See More Questions

The following situations present the auditor with alternative sources of evidence regarding a particular assertion. Required a. For each of the following situations, identify the assertion the...
Using your example of audit sampling in the answer to R10.1, what items make up the population? What items are subject to being sampled? When the sample is complete, is the auditor drawing a...
Assume that you are auditing inventory for a computer manufacturer with strong internal controls. Identify one assertion where the auditor is likely to use audit sampling. Explain your reasoning....
Consider a property investment that you finance with 20% down payment. For the remaining, you borrow 2'300'000 at a 6% rate monthly amortized loan for 25 years. This property, with 2% of EBITDA as...
Let z: În-1 n be a continuous function satisfying pz(p) = 0 for every p În-1 and Show that G(p*) = p* z (p*) ¤ 0 pi + max (0,zi(p gi(p)
In Problems 7 and 8, find an equation in pointslope form, y - y 1 = m(x - x 1 ), of the line through the given points. (2, 7) and (4, -5).
The plaintiff, Thelma Agnes Smith, lived with the defendant out of wedlock for several years. When the relationship ended, she sued the defendant, seeking to enforce two written agreements with him...
Permanent Fund and Related Special Revenue Fund Transactions Annabelle Benton, great-granddaughter of the founder of the Town of Benton, made a cash contribution in the amount of $500,000 to be held...
The GRE (Graduate Record Exam) scores for both verbal and quantitative reasoning are approximately normally distributed and scaled to have mean 150 with standard deviation of 8.75. 1) Below what...
1. Would you characterize television programming decisions as structured or unstructured? Explain. What type of decision-making condition would you consider this to be? Explain. 2. What criteria did...
Describe two risks associated with using visualizations as part of ADA.
The audit firm you work for is auditing the 2022 financial statements for a national clothing retailer. As part of the audit, ADA is being used to assess risk associated with accrued wages....
Starting from the relationship between temperature and kinetic energy for an ideal gas, find the value of the molar heat capacity of an ideal gas when its temperature is changed at constant volume....
After watching "How to Hack Networking" by David Burkus, describe his methods for networking. What methods have you found valuable in your own personal and professional life?
Esfandairi Enterprises is considering a new three-vear expansion project that requires an initial fixed asset investment of $21.0 million. This fixed asset will be depreciated straight-line to zero...
1. Why should HR and managers be concerned about whether or not employees are engaged and are satisfied with their jobs? What does one do if employees are concerned about certain organizational...
Using your final project topic as your guide, write short paragraph in the form of a formal content summary. This should summarize what you have learned about your topic for an academic audience....
Define the Stages of Dying Model as outlined by Kubler-Ross and explain it in detail. How might this theory differ or be the same amongst cultures as outlined in the reading? Provide detailed...
On January 1, 2016, Monica Company acquired 70 percent of Young Company's outstanding common stock for $665,000. The fair value of the non-controlling interest at the acquisition date was $285,000....
In the series connection below, what are the respective power consumptions of R, R2, and R3? R R www 4 V=6V P1-3 W; P2=3W; and P3= 3 W OP10.5 W; P2-1 W; and P3= 1.5 W P1=1.5 W; P2=1 W; and P3= 0.5 W...
Siffre Industries of Port Elizabeth, South Africa, has several subsidiaries which are consolidated into the Siffre Industries financial statements. Empire Manufacturing is a manufacturing subsidiary...
Parallel Medical Devices is a distributer of medical devises to large hospitals in South America based in Santiago Chile. Their auditor is Pena and Batistella, Contador Publicos. The audit based on...
The following are three situations in which you are required to develop an audit strategy and prepare a partial strategy memorandum: You are on the first year audit of Jaani, a medium-sized company...
Suppose a developing country currently has a GDP per capita of $1,300 and has a goal of doubling its average standard of living in 8 years. What will be the approximate annual economic growth rate...
In Python Compute a root of the function f(x) = x-2 using the secant method with initial guess x = 1.5 and x = 1. Choose a different initial guess and compute another root of the function f(x).
Given that A F = c(t)-dt+2m(t)-di where A = 5, T = /4, T = /2, In Python c(t) = cos(t) sin(t) and m(t)=sin(t) = cos(t). Use Trapezoid Method to compute the denominator of the above formula and then...

An auditor is using regression analysis to investigate battery expense for a computer manufacturer that purchases batteries.

Question:

Step by Step Answer:

d Num...View the full answer

Auditing A Practical Approach with Data Analytics

Students also viewed these Business questions