Question: Problem 2 Classical Sampling A client has the following information about their Accounts Receivable: Accounts Receivable Book Value $625,000 Total Number of Accounts Receivable 34,000

Problem 2 Classical Sampling A client has the following information about

Problem 2 Classical Sampling A client has the following information about their Accounts Receivable: Accounts Receivable Book Value $625,000 Total Number of Accounts Receivable 34,000 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. $ B. Calculate the average book value of the sample. $. Calculate the projected value and the projected misstatement using the following three classical sampling methods: C. Mean-Per-Unit Estimation Projected Value $ Projected Misstatement $ Overstated Understated D. Ratio Estimation Projected Value Projected Misstatement $ Overstated Understated E. Difference Estimation Projected Value Projected Misstatement Overstated Understated

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