Smith,CPA,is Using Attributes Sampling to Test Swimmer,Inc

question 84

Multiple Choice

Smith,CPA,is using attributes sampling to test Swimmer,Inc.'s internal controls related to the accuracy of sales invoices.Smith defined the population as all 5,000 of Swimmer's sales invoices and determined the appropriate sample size was 200 invoices.What is Smith's sampling interval if systematic random selection is used?

• A)20
• B)25
• C)50
• D)250

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Definitions:

Budget Constraint

A financial limitation that defines the combination of goods and services an individual can afford to purchase given their income and the prices of those goods and services.

Income

The financial gain acquired by an individual or a company, which is typically calculated on an annual basis and obtained through work, investments, or business operations.

Nuts

Plant-derived kernels rich in fats, protein, and other nutrients, typically consumed raw or roasted.

Berries

Small, juicy fruits that are typically round, brightly colored, and sweet or sour in taste.