Case Study 3 14-33.docx - Case Study 17-3 Title ACL Problem...

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Case Study 17-3 Title: ACL Problem Report by: Emily Hall a. Calculate the sample size and sampling interval for an MUS sample based on inventory value at cost (Value). Use a confidence level of 90%, materiality of $40,000, and expected errors of $2,500. a. Sample Size: 43 b. Sampling Interval: 15,606.06 b. What is the sampling size and sampling interval if you increase the materiality to $50,000 and decrease expected errors to $1,000? a. Sample Size: 32 b. Interval: 20,961.03 c. Select the sample based on the sampling interval determined in part a.
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d. How many items were selected for testing? Why is this number less than the sample size determined in part A?
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  • Fall '15
  • $40,000, $2,500, $1,000

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