Classical Sampling $($Substantive Tests, Dollar Amounts$)$

A client has the following information about their Accounts Receivable:

Accounts Receivable Book Value $$615,000$

Total Number of Accounts Receivable $33,000$

The audit firm took a sample of items with the following results:

Sample Size $100`$

Total Audit Value of the Sample $$1,800$

Total Book Value of the Sample $$1,700$

A$.$ Calculate the average audit value of the sample. $$\_\_\_18\_\_\_\_\_$

B$.$ Calculate the average book value of the sample. $$\_\_\_17\_\_\_\_\_$

Calculate the projected value and the projected misstatement using the following three classical sampling methods:

C$.$ Mean$-$Per$-$Unit Estimation $($Substantive Tests, Dollar Amounts$)$

Projected Value $$\_\_\_\_\_\_\_\_\_\_\_\_594000\_\_\_\_\_\_\_$

Projected Misstatement $$\_\_\_\_\_\_\_\_\_\_\_2100\_\_\_\_\_\_\_\_$ Overstated Understated

D$.$ Ratio Estimation $($Substantive Tests, Dollar Amounts$)$

Projected Value $$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

Projected Misstatement $$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$ Overstated Understated

E$.$ Difference Estimation $($Substantive Tests, Dollar Amounts$)$

Projected Value $$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

Projected Misstatement $$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$ Overstated Understated