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

question 21

Multiple Choice

Pujols,CPA,performed a nonstatistical sampling plan to examine the inventory balances of Wieserbud Brewing,Inc.and estimated the account balance based on the ratio of audited value to recorded balances.He audited 120 items from a sample and found an audited value of $24,600.The sample had a recorded balance of $30,000.If the entire inventory contained 2,400 items and the total recorded balance of the inventory was $480,000,the estimated account balance using nonstatistical methods is:

• A)$393,600.
• B)$474,500.
• C)$480,000.
• D)$500,000.

Analyze the implications of partial payments on debt obligations under legal statutes.

Understand the historical development and key figures in the field of intelligence testing.

Comprehend the basics of comparative cognition and findings from research in this area.

Grasp how language influences thought processes.

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Definitions:

World War II

A global conflict that lasted from 1939 to 1945, involving most of the world's nations and marked by significant events like the Holocaust and the atomic bombings of Hiroshima and Nagasaki.

Industrial Psychology

A branch of psychology focused on the study of human behavior in the workplace and the application of psychological principles to improve productivity and the quality of work life.

Experimental Psychology

A branch of psychology focused on the scientific method to study behavior and mental processes through controlled experiments.

Clinical Psychology

A branch of psychology focused on diagnosing and treating mental, emotional, and behavioral disorders through psychological assessment and interventions.