Perform an evaluation of a MUS sampling application for A/R that has the following parameters.

Calculate the following:

Projected Misstatement

Upper Limit Misstatement

Allowance for Sampling Risk

Determination on whether A/R is materially misstatement with ample explanation on why you came to that conclusion

Perform an evaluation of a MUS sampling application for A/R that has the following parameters: Risk of Incorrect Acceptance Balance in A/R Tolerable Misstatement Expected Misstatement Actual Sample Size Actual samples 10% 3,000,000 160,000 50,000 Confirmations were sent out and the following exceptions were identified: Customer Recorded amount Amount per confirmation Notes Alice 82400 41200 Billed twice for goods. Adjusting entry was not made until 1/15 Bob 3597 3237.3 A sales discount was not properly applied. Charles 5694 The customer sent payment on 12/27. The check was received on 1/3. Don 5175 1552.5 Customer returned goods. Goods received 12/30, but the adjustment to the customer's account was dated 1/4 The client has a 12/31 year-end. Using the information above to calculate the following: Projected Misstatement: Upper limit misstatement: Allowance for Sampling Risk: Perform an evaluation of a MUS sampling application for A/R that has the following parameters: Risk of Incorrect Acceptance Balance in A/R Tolerable Misstatement Expected Misstatement Actual Sample Size Actual samples 10% 3,000,000 160,000 50,000 Confirmations were sent out and the following exceptions were identified: Customer Recorded amount Amount per confirmation Notes Alice 82400 41200 Billed twice for goods. Adjusting entry was not made until 1/15 Bob 3597 3237.3 A sales discount was not properly applied. Charles 5694 The customer sent payment on 12/27. The check was received on 1/3. Don 5175 1552.5 Customer returned goods. Goods received 12/30, but the adjustment to the customer's account was dated 1/4 The client has a 12/31 year-end. Using the information above to calculate the following: Projected Misstatement: Upper limit misstatement: Allowance for Sampling Risk