The auditors have sampled 50 accounts from a population of 1,000 accounts receivable. The sample items have a mean book value of $200 and a mean audited value of $203. The book value in the population is $198,000. What is the estimated total audited value of the population using the difference method?
a. $198,000.
b. $200,000.
c. $201,000.
d. $203,000.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The auditors have sampled 50 accounts from a population of 1,000 accounts receivable. The sample items have a mean book value of $200 and a ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
The selection process for a school teacher's job requires the applicant to keep a class of thirty students engaged in a classroom activity for an hour.
Answers (1)
Select two skills and two personal values from the list in the article that you feel you have to offer in the workplace. Discuss the importance of these skills/values.
Answers (1)
A new transmission in your truck will cost $9,500.00. luckily, it should reduce maintenance expense by $3,975.00 each year for the next 10 years. what is the npv of the transmission? use a discount rate of 10.70%
Answers (1)
Suppose the nominal GDP is $25 million, the price level is 1.25, and the central bank has set the money supply at $10 million. What is the real GDP and the velocity of money according to the quantity theory of money
Answers (2)
Brandee has the following results of netting her short-term and long-term capital gains and losses for 2019: $42,000 short-term capital loss, $26,000 net long-term capital gain ($24,000 0%/15% long-term capital gain, and $2,000 28% long-term capital
Answers (1)
New Questions in Business
There are approximately 900,000 television households in the San Diego County market. During a Sunday afternoon in October, 50 percent of the households had their television sets turned on and 200,000 were watching a football game.
Answers (1)
Suppose Jack steals a truckload of Sony​ high-definition televisions that are owned by Electronics Store. The thief resells the televisions to​ City-Mart, which does not know that the goods were stolen.
Answers (1)
What should be used to keep a tablet dry? Digitizer Plastic bag Protective cover Waterproofing seal
Answers (1)
Housing prices have begun to drop. New home construction has stopped and fewer run-down houses are being repaired. (Use the graphs from the Supply and Demand Guide.)
Answers (1)
Bustillo Inc. is working on its cash budget for March. The budgeted. 3 Bustillo Inc. ts working on ts cash budget for March. The budgeted beginning cash balance is $40,000.
Answers (1)