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mework - Fall 2019 ACCT 323 Saved Scott Duffney, CPA, has randomly selected and audited a sample of 100 of Will-Mart's accounts receivable. Will-Mart has
mework - Fall 2019 ACCT 323 Saved Scott Duffney, CPA, has randomly selected and audited a sample of 100 of Will-Mart's accounts receivable. Will-Mart has 3,000 accounts receivable accounts with a total book value of $3,500,000. Duffney has determined that the account's tolerable misstatement is $750,00O. His sample results are as follows: Average audited value $1,160 Average book value 1,168 Required: Calculate the accounts receivable estimated audited value and projected misstatement using the: (Do not round your intermedia calculations and round your final answer to nearest whole dollar) Estimated Audited Value Projected Misstatement a. Mean-per-unit method b. Ratio method. Difference method. Prev 1 of 17 Next >
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