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why is it difficult to determine the sample size for the estimate of the population error with a given confidence and
when projecting errors for a non-statistical sampling method the auditor can choose between extrapolating over the
some people claim that an audit risk of 5 percent implies that 5 percent of financial statements with unqualified
appendices 1 and 2 to isa 530 list a number of factors that influence sample size are these factors only relevant for
you hold an auction among three bidders you estimate that each bidder has a value of either 16 or 20 for the item and
a reserve price is a minimum price set by the auctioneer if no bidder is willing to pay the reserve price the item is
consider the problem above but now each bidder has a value of either 60 or 80 what reserve price should the auctioneer
in sweden firms that fail to meet their debt obligations are immediately auctioned off to the highest bidder there is
moe green estimates the cost of future projects for a large contracting firm mr green uses precisely the same
identify something you buy or sell that could be bought or sold using an auction how would you run the auction do a
a bidders value for a good may be low 2 medium 5 or high 7 there is an equal number of potential bidders having each
which of the following is true about the winners cursea the winners curse occurs primarily in private-value auctionsb
youre holding an auction to license a new technology that your company has developed one of your assistants raises a
suppose that five bidders with values of 500 400 300 200 and 100 attend an oral auction which of these is closest to
which of the following is true about different ways of conducting a private-value auctiona a first-price auction is
1 you are bidding in a second-price auction for a painting that you value at 800 you estimate that other bidders are
using shifts in supply and demand curves describe a change in the industry in which your firm operates the change may
suppose there are nine sellers and nine buyers each willing to buy or sell one unit of a good with values 10 9 8 7 6 5
suppose there is a single market maker in this market what is the optimal bid-ask spreada 2 bid 10 askb 4 bid 8 askc 5
now suppose that competition among several market makers forces the spread down to 2 how many goods are tradeda fiveb
the price of peanuts increases at the same time we see the price for jelly rise how does this affect the market for
the widget market is competitive and includes no transaction costs five suppliers are willing to sell one widget at the
in 1998 the syndicated bank loan market defined as loans having more than two bank lenders was a vast and cheap source
due to the h1n1 flu outbreak the demand for hand sanitizer has tripled should johnson amp johnson increase production
a in the accompanying diagram which represents the market for chocolate candy bars the initial equilibrium is at the