Using Statistical Sampling to Assist in Verifying the Year-End Accounts

question 11

Multiple Choice

Using statistical sampling to assist in verifying the year-end accounts payable balance, an auditor has accumulated the following data:
Using the ratio estimation technique, the auditor's estimate of the year-end accounts payable balance would be:

• A) $2 000 000.
• B) $2 025 000.
• C) $2 200 000.
• D) $2 250 000.

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Definitions:

Allele

A variation that makes a gene different in some way from other genes for the same characteristics. Many genes never vary; others have several possible alleles.

Gene

A unit of heredity made up of DNA that is located on a chromosome and can influence physical or behavioral traits, and can be passed from one generation to the next.

Chromosome

Structures within cells that contain DNA and carry genetic information responsible for determining the traits of an organism.