16 Part 2 of 2 Required information Section Break Questions 42-43 The following information applies to the questions displayed below) peg 5.92 points Rachel Robertson wishes to use mean-per-unit samping to evaluate the reasonableness of the book value of the accounts receivable of Smith, Inc. Smith has 8,700 receivable accounts with a total book value of $1510.000 Robertson estimates the population's standard deviation to be equal to $22. After examining the overall audit plan the auditors believe that the account's tolerable misstatement is $67,000, and that a risk of incorrect rejection of 46 percent and a risk of incorrect acceptance of 10 percent are appropriate. Use Figure 98 co Print References Simulation 9-43 [LO 9-8) Assuming the following results Book value of items in sample - $148 Average audited value of items in sample - $143 Standard deviation of sample $28 3.peg Required: a. Use the ratio method to calculate: (The solution from 9.42 is required in order to complete 9-43.) (Do not round Intermediate calculations. Round your answers to the nearest whole dollar.) (1) Projected misstatement (2) Estimated total audied value Check my work 16 Required information Book value of items in sample = $148 Average audited value of items in sample = $143 Standard deviation of sample - $28 Part 2 of 2 5.92 points Required: a. Use the ratio method to calculate (The solution from 9-42 is required in order to complete 9-43.) (Do not round intermediate calculations, Round your answers to the nearest whole dollar) ok (1) Projected misstatement (2) Estimated total audited value References b. Use the difference estimation method to calculate: (1) Projected misstatement (2) Estimated total audited value