An auditor needs to estimate the percentage of times
a company fails to follow an internal control procedure. A
sample of 50 from a population of 1,000 items is selected,
and in 7 instances, the internal control procedure was not
followed.
a. Construct a 90% one-sided confidence interval estimate
for the population proportion of items in which the internal control procedure was not followed.
b. If the tolerable exception rate is 0.15, what should the
auditor conclude?

What is the most important type of decision that the financial manager makes?

3. now assume that carnival booked lady antebellum in december 2016 to perform on the june 2017 western caribbean cruise. further assume that carnival pays lady antebellum its entire performance fee of $52,000 on december 28, 2016, for the june 2017 cruise. what journal entry will carnival make on december 28, 2016, for its payment to lady antebellum?

Carey company is borrowing $225,000 for one year at 9.5 percent from second intrastate bank. the bank requires a 15 percent compensating balance. the principal refers to funds the firm can effectively utilize (amount borrowed − compensating balance). a. what is the effective rate of interest? (use a 360-day year. input your answer as a percent rounded to 2 decimal places.) b. what would the effective rate be if carey were required to make 12 equal monthly payments to retire the loan?