Question

James Duffney, CPA, has randomly selected and audited a sample of 100 of Will-Mart's accounts receivable. Will-Mart has 6,170 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 $956 Average book value 964 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 < Previous Next >

          James Duffney, CPA, has randomly selected and audited a sample of 100 of Will-Mart's accounts receivable. Will-Mart has 6,170
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 $956
Average book value 964
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
< Previous
Next >

james duffney cpa has randomly selected and audited a sample of 100 of will marts accounts receivable will mart has 6170 accounts receivable accounts with a total book value of 6000000 duffn 48968

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