Help Save & thit Subm Check my work 1 Problem 9.46 [LO 9-7,9-8] 5.88 points Scott Duffney, CPA, has randomly selected and audited a sample of 100 of Will-Mart's accounts receivable. Will Mart hos 3,000 accounts receivable accounts with a total book value of $4.000.000, Duffney has determined that the account's tolerable misstatement is $1.250,000 His sample results are as follows: Book P References Average audited value Average book value $1,330 1,338 Required: Calculate the accounts receivable estimated audited value and projected misstatement using the: (Do not round your intermediate calculations and round your final answer to nearest whole dollar) Estimated Audited Value Projected Misstatement Mean per unit method b. Ratio method c. Difference method Check my work 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 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 audited 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) Samples Required) Check my work 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 5.0 percent. Using Excel, you estimated the standard deviation of the population as 538. 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 audited value is $33, what is the projected misstatement for the population? Print References Required A Required B Required Assuming that the standard deviation of the sample's audited value is $20, what is the projected misstatement for the population? Projected miststatement Confidence interval Materialy misstated? Will you accept the account?