Probability to Proportionate to size problem You have selected 100 sample items from ABCs accounts receivable population.

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Probability to Proportionate to size problem

You have selected 100 sample items from ABC’s accounts receivable population. For this problem only, assume the total population for accounts receivable is $500,000. Now let us assume the following invoices were selected. This is only a partial list of population items. Start with a random starting point of $1,223.

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Which invoices would you select?

Invoice Number Recorded Amount ($)

778 $125

779 2460

780 670

781 1200

782 2455

784 9

785 2222

786 675

787 8544

788 32

789 3000

790 11200

Related Book For answer-question

Auditing and Assurance services an integrated approach

ISBN: 978-0134065823

16th edition

Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Chris E. Hogan

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Posted Date: Jan 06, 2021 11:46 AM

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Probability to Proportionate to size problem You have selected 100 sample items from ABCs accounts receivable population.

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Answer Invoice Number Recorded Amount Cumulative Amount 778 125 125 779 2460 ... View the full answer

Auditing and Assurance services an integrated approach

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