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The accounting firm of Johnson and Johnson has decided to design o nonstatistical sample to examine the accounts receivable balance of Francisco Fragrances, Incorporated, at

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The accounting firm of Johnson and Johnson has decided to design o nonstatistical sample to examine the accounts receivable balance of Francisco Fragrances, Incorporated, at October 31. As of October 31, there were 1,500 accounts recelvable accounts with a balance of $5.5 million. The accounts receivable population can be segregated into the following strata: Jonathan L. Gren, senior-in-charge of the audit, has made the following decisions: - Based on the results of the tests of controls and risk assessment procedures, a low assessment is made for the risk of material misstatement. - The desired confidence level is moderate. - The tolerable misstatement allocated to accounts receivable is $155,000, and the expected misstatement is $55,000 - All the balances greater than $50,000 will be audited. Required: a. Using the nonstatistical sampling formule included in the textbook, compute the suggested sample size for this test. b. Gren confirmed the occounts recelvable accounts selected and noted the following results: Note: Do not round intermediate calculations. Round your answer to the nearest dollar amount. b. Gren confirmed the accounts receivable accounts selected and noted the following results: Note: Do not round intermediate calculations. Round your answer to the nearest dollar amount. Using ratio projection, what is the total projected misstatement

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