Question
The average score obtained by 26 students in a class
test is 68 marks. The top place was shared by 3 people who got the same score. If the lowest score was 40 marks, then which of the following could be the highest score obtained by toppers? (Marks scored by each student is a whole number)Solution
To maximize the toppers score, we must minimize the scores of everyone else. So, let the scores of other 23 students be 40 marks each. So, total marks obtained by 23 students = 40 x 23 = 920 Remaining marks = 1768 - 920 = 848 So, score of toppers = 848 ÷ 3 = 282 marks + 2 additional mark This additional mark could be obtained by any other student.
Which of the following is NOT part of auditor’s understanding of the entity and its environment under SA 315?
Which of the following financial statements can be prepared using a receipt and payment account?
Which of the following is NOT a key element of an independent auditor’s report under SA 700?
During a statutory audit, the auditor discovers a pattern of journal entries posted near year-end reversing shortly after year-end that inflate reported...
Vouching primarily relates to:
Internal auditor is removed and appointed by which among the following?
Which of the following provides the most reliable audit evidence?
Which of the following is NOT a type of audit opinion as per SA 700?
Internal check is a part of the:
Why must auditors obtain an understanding of internal control even if they do not intend to rely on it?
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