& 35 00 A4 68 James Duffney, CPA, has randomly selected and audited a sample of 100 of Will-Mart's accounts receivable. Will-Mart has 6.150 accounts receivable accounts with a total book value of $6,000,000. Duffney has determined that the account's tolerable misstatement is $500,000. His sample results are as follows: Average audited value $960 Average book value 968 Required: Calculate the accounts receivable estimated audited value and projected misstatement using the: a. Mean-per-unit method. b. Ratio method. c. Difference method. Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate the accounts receivable estimated audited value and projected misstatement using the mean-per-unit method. Estimated audited Projected misstatement Required B > 18 of 20 Next > Untitled docume....pdf Untitled docume....pdf Untitled docume....pdf oj....docx Presentation se...pdf MacBook Air 88 F4 114 F8 F6 64 F5 F3 F2 6
& 35 00 A4 68 James Duffney, CPA, has randomly selected and audited a sample of 100 of Will-Mart's accounts receivable. Will-Mart has 6.150 accounts receivable accounts with a total book value of $6,000,000. Duffney has determined that the account's tolerable misstatement is $500,000. His sample results are as follows: Average audited value $960 Average book value 968 Required: Calculate the accounts receivable estimated audited value and projected misstatement using the: a. Mean-per-unit method. b. Ratio method. c. Difference method. Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate the accounts receivable estimated audited value and projected misstatement using the mean-per-unit method. Estimated audited Projected misstatement Required B > 18 of 20 Next > Untitled docume....pdf Untitled docume....pdf Untitled docume....pdf oj....docx Presentation se...pdf MacBook Air 88 F4 114 F8 F6 64 F5 F3 F2 6
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question

Transcribed Image Text:& 35
00
A4
68
James Duffney, CPA, has randomly selected and audited a sample of 100 of Will-Mart's accounts receivable. Will-Mart has 6.150
accounts receivable accounts with a total book value of $6,000,000. Duffney has determined that the account's tolerable
misstatement is $500,000. His sample results are as follows:
Average audited value $960
Average book value 968
Required:
Calculate the accounts receivable estimated audited value and projected misstatement using the:
a. Mean-per-unit method.
b. Ratio method.
c. Difference method.
Complete this question by entering your answers in the tabs below.
Required A
Required B
Required C
Calculate the accounts receivable estimated audited value and projected misstatement using the mean-per-unit method.
Estimated audited
Projected misstatement
Required B >
18 of 20
Next >
Untitled docume....pdf
Untitled docume....pdf
Untitled docume....pdf
oj....docx
Presentation se...pdf
MacBook Air
88
F4
114
F8
F6
64
F5
F3
F2
6
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