Learn smart - Learn online. Upto 80% off on courses for a limited time. View Courses

Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!
Add File

Error goes here

Files Missing!

Please upload all relevant files for quick & complete assistance.

Guaranteed Higher Grade!

ECON3200 Monetary Economics

tag 0 Download 4 Pages / 912 Words tag 28-10-2020


Emerson Washburn is examining the accounts receivable of Anaheim Company and has decided to use MUS to select a sample of customer accounts for confirmation. Anaheim's accounts receivable totalled $3,500,000 and comprised 3,000 different customer accounts ranging in amount from $200 to $125,000. Based on the characteristics of the population and acceptable risk of incorrect acceptance, tolerable misstatement, and expected misstatement, Washburn determined a sample size of 20 accounts.


  1. Without making any calculations, briefly describe how Washburn would select a sample of customer accounts from the population of accounts receivable.
  2. If Washburn selected a random starting point of 172,600, what are the first four dollar amounts that would be selected? How would Washburn proceed to evaluate these items?
  3. What would Washburn do if two of the dollar amounts selected were contained within the same customer account?
  4. Anaheim maintains its accounts receivable balances in a computerized file that has the following information:
    (1) customer number,
    (2) customer name,
    (3) total account balance, and
    (4) account status (current versus past due). For each of these elements, comment on any procedures that Washburn should perform before selecting the sample if the population were arranged based on these elements (for example, arranged numerically by customer number, alphabetically by customer name).
Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

Unique Document

Under Evaluation

Get Money
into Your Wallet

Total 4 pages

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help (2020) Monetary Economics [Online]. Available from:
[Accessed 26 June 2022].

My Assignment Help. 'Monetary Economics' (My Assignment Help, 2020) <> accessed 26 June 2022.

My Assignment Help. Monetary Economics [Internet]. My Assignment Help. 2020 [cited 26 June 2022]. Available from: is one of the noted service providers that deliver essay help. We provide tailored essay assistance to make sure that student gets online essay help exactly in the way they want it to be written. We at have built teams of consultants, who readily attend every query related to help me writing my essay. We provide essay writing help in forms of tips and steps in order o assist students with tough essay assignments.

Latest Economics Samples

MBAX9142 Financial Modelling

Download : 0 | Pages : 2

Answer: The Assumptions The company will be aiming at an annual revenue growth rate of 16% per year in first three years of its operations. The promoters will acquire 100% of the initial capital outlay and intend to borrow at regular intervals for development of the business. The period of first loan will be 10 years with interest rate of 9%. The Income Statement The revenues to be generated by the company will remain sensitive to many exte...

Read More arrow

ECON 3230 Economic Development

Download : 0 | Pages : 2

Answer: The work is based on the European commission which is set for the bailout banks mainly in the different regions. A proper research is done on the demands of the investors and how the leaders are going to make the spending cuts. As per the Socrates as well as the other socialist prime ministers, the preference is based on mainly to handle the government spending and follow the Hayek principle. For this, the standards are based on the p...

Read More arrow

PACC6007 Economics

Download : 0 | Pages : 14

Answer: There exist different types of market structures in the economic scenarios across the world in real case scenarios. Depending upon the number of buyers and sellers, the demand supply dynamics, the market power in the hands of the buyers and the sellers and the nature of the goods or services sold in the market (Kolmar, 2017). Of the different economic concepts of markets, the two prominent and popular concepts of markets are the perfec...

Read More arrow

ECON90015 Managerial Economics

Download : 0 | Pages : 3

Answers Answer to question-1 This rational actor paradigm suggests that all the individual act rationally, optimally and self-interestedly. This paradigm believes in providing the best possible course of actions which individual could take care while using the resources and other means. It is evaluated that if people are indulged in some kind of activities then they are asked to make best efforts to increase the overall productivity. First exam...

Read More arrow Tags: Australia Mckinnon Management management University of New South Wales Masters in Business Administration 

ECO101 Microeconomics

Download : 0 | Pages : 3

Answer: Question 1 The law of Returns to scale helps understand the effects of increase in the production capacity of the firm on the total costs of every unit produced. According to the law, the firm may experience three stages:(Chauhan, 2009) Stage 1: Increasing Returns to Scale The firm may have increasing returns to scale i.e. the total output will increase in a greater proportion to an increase in the production capacity. Stage 2: Const...

Read More arrow

Content Removal Request

If you are the original writer of this content and no longer wish to have your work published on then please raise the content removal request.

5% Cashback

On APP - grab it while it lasts!

Download app now (or) Scan the QR code

*Offer eligible for first 3 orders ordered through app!

callback request mobile
Have any Query?