8) Your accountant has informed you that one or more of your tax returns may be...
A tax auditor is selecting a sample of 7 tax returns for an audit. If 4 or more of these returns are"improper," the entire population of 45 tax returns will be audited. Complete parts (a) through (e) below. Q. What is the probability that the entire population will be audited if the true number of improper returns in the population is: a) 15 b) 20 c) 5 d) 10
A tax auditor is selecting a sample of 6 tax returns for an audit. If 3 or more of these returns are "improper," the entire population of 50 tax returns will be audited. a. What is the probability that the entire population will be audited if the true number of improper returns in the population is 15 b. What is the probability that the entire population will be audited if the true number of improper returns in the population is...
Circle the best answer to the following questions. Some questions may have more than one correct answer. Only point for each question/all or nothing if multiple answers. For which of the following classes of nutrients is the amount found in breastmilk most likely to reflect the adequacy of the mother's diet? (In other words, if the mother's diet is consistently inadequate, her milk content will be inadequate.) There may be more than one correct answer. A. carbohydrates E. water-soluble vitamins...
3. You are a financial auditor who works in one of the public accountant firm. You are assigned by your partner to audit a client. This client listed in stock market which uses IFRS as the accounting standard. This client is a distribution company which product is home appliances. Clients sell goods to retail stores, both modern and traditional home appliances. The following are the things that you encounter when auditing that client: a)The client has 10 (ten) operational vehicles...
The chances of a tax return being audited are about 18 in 1,000 if an income is less than $100,000 and 39 in 1,000 if an income is $100,000 or more. Complete parts a through e. a. What is the probability that a taxpayer with income less than $100,000 will be audited? With income of $100,000 or more? U P(taxpayer with income less than $100,000 is audited) = 0.018 8 (Type an integer or a decimal.) What is the probability...
Your assistant just informed you that one of the leading costs in the department is associated with dealing with problematic customers. You decide to start negotiating with those problematic vendors in order to get compensated for the costs incurred from dealing with them. In what specific way does this action improve your departmental process? A. Your departmental process is improved because you won't have to develop an automated system to deal with problematic vendors. B. It helps to improve process...
You are going to invest all of your funds in one of three projects with the following distribution of possible returns: PROJECT 1 Standard Return Deviation 30% 4% Probability 50% Chance 50% Chance Beta PROJECT 2 Standard Return Deviation 9% 10.5% -20% Beta 0.8 Probability 30% Chance 40% Chance 30% Chance 36% Beta Probability 10% Chance 70% Chance 20% Chance PROJECT 3 Standard Return Deviation 28% 12% 18% -8% If you are a risk averse investor, which one should you...
You own a portfolio with the following expected returns given the various states of the economy. What is the overall portfolio expected return? A. 6.3%; B.6.8% ; C. 7.6% ; D. 10.0% ; E. 10.8% State of Economy Boom Normal Recession Probability of State of Economy 15% 60% 25% Rate of Return if State Occurs 18% 11% -10%
31 4. Time has been called on your management examination and you realize you have not even read the last four questions. Your only strategy is to randomly fill-in ovals on your answer sheet without even reading the questions. Assume there is no pattern to the answer key and each question has five answers of which only one is correct. What is the probability you will answer at least one question correctly? a. 0.2000 0.3164 0.4096 d. 0.5904 e 0.6836...
You have done your research for the following investments and your friend has provided their expectations for the markets for next year. Probability of State of State of Stock Stock Economy Economy A B TSX Boom .30 30% -9% 18% Normal .40 16% 12% 10% Recession .30 -10% 20% -10% * Remember to show all of your work * a. Calculate the expected return for stock A. (2 marks) b. Calculate the expected return for stock B. (2 marks) C....