Question: Charles White, CPA, has decided to use random selection in the audit of sales. The sales transactions are numbered from 1 to 3150. They are
Charles White, CPA, has decided to use random selection in the audit of sales. The sales transactions are numbered from 1 to 3150. They are listed 35 to a page in the sales journal. The sample size for the audit test is 70.
a. Describe five different methods for selecting a random sample of sales transactions.
b. Which method would you prefer in this situation? Explain your answer.
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