AJeter,CPA,performed a Nonstatistical Sampling Plan to Examine the Inventory Balances

question 73

Multiple Choice

A.Jeter,CPA,performed a nonstatistical sampling plan to examine the inventory balances of Big Apple Company and audited 200 items from a sample and found an audited value of $36,000.The sample had a recorded value of $40,000.If the entire inventory contained 3,000 items and the total recorded value of the inventory was $500,000,the estimated account balance using nonstatistical estimation and projecting the error based on number of items examined was

• A) $393,600.
• B) $474,500.
• C) $450,000.
• D) $540,000.

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Definitions:

Emotional Intelligence

The ability to recognize, understand, and manage our own emotions and those of others, facilitating enhanced communication and interpersonal effectiveness.

Affective and Cognitive

Pertaining to the emotions and mental processes involved in how people perceive and react to the world around them.

Emotional Intelligence's Impact

Refers to how the ability to understand and manage emotions enhances leadership effectiveness and organizational dynamics.

Trait Approach

A theory in leadership studies that assumes leaders possess certain inherent traits that make them effective.