Help Save & EN Subreit Check my won 2 Problem 9-47 [LO 9-7) 5.88 points You are the auditor of Jexel, an auto air-conditioner service and repair company, and you have decided to use the mean perunt method to test the existence and gross valuation of recorded accounts receivable. The client's records include 10,800 accounts with a total book value of $1.305,000. You decide to use tolerabie misstatement of $197.000, an incorrect acceptance risk of 10 percent, and an incorrect rejection risk of 5.0 percent. Using Excel, you estimated the standard deviation of the population as $38. Use Figure 9-8 to obtain the incorrect acceptance and rejection coefficients Required: a. Determine the sample size b. Assume you tested the sample and got the following results: The mean audited value of the accounts sampled was $115. Assuming that the standard deviation of the sample's audited value is also $38, what is the projected misstatement for the population? c. Assuming that the standard deviation of the sample's oudited value is $33, what is the projected misstatement for the population? Print ferences Required A Required Required Determine the sample size. (Roundup to the next whole number.) Sample size Required) 2 Problem 9-47 [LO 9-7) 5.88 points Book You are the auditor of Jexel, an auto air-conditioner service and repair company, and you have decided to use the mean-per-unit method to test the existence and gross valuation of recorded accounts receivable. The client's records include 10,800 accounts with a total book value of $1,305,000. You decide to use tolerable misstatement of $197,000, an incorrect acceptance risk of 10 percent, and an incorrect rejection risk of 50 percent. Using Excel, you estimated the standard deviation of the population as $38. Use Figure 9-8 to obtain the incorrect acceptance and rejection coefficients Required: a. Determine the sample size. b. Assume you tested the sample and got the following results: The mean oudited value of the accounts sampled was $115. Assuming that the standard deviation of the sample's audited value is also $38, what is the projected misstatement for the population? c. Assuming that the standard deviation of the sample's audited value is $33, what is the projected misstatement for the population? Print References Required Required A Required Assume you tested the sample and got the following results: The mean audited value of the accounts ampled was 122. Assuming that the standard deviation of the sample's audited value is also $25, what is the projected misstatement for the population? What is the confidence interval? Is the account materially misstated Projected misstatement Confidence interval Materialy misstated? Will you accept the account? Required> (Required A Check my work 2 Problem 9-47 (LO 9-7] 5.88 points You are the auditor of Jexel, an auto air-conditioner service and repair company, and you have decided to use the mean-per-unit method to test the existence and gross valuation of recorded accounts receivable. The client's records include 10,800 accounts with a total book value of $1305,000. You decide to use tolerable misstatement of $197000, an incorrect acceptance risk of 10 percent, and an incorrect rejection risk of 5,0 percent. Using Excel, you estimated the standard deviation of the population as $38. Use Figure 98 to obtain the incorrect acceptance and rejection coefficients. Required: a. Determine the sample size b. Assume you tested the sample and got the following results. The mean audited value of the accounts sampled was $115. Assuming that the standard deviation of the sample's audited value is also $38, what is the projected misstatement for the population? c. Assuming that the standard deviation of the sample's budited value is $33, what is the projected misstatement for the population? Print References Required A Required B Required Determine the sample size. (Roundup to the next whole number) Sample Required