The 4,000 Accounts Receivable of Miller Company Have a Total

question 52

Multiple Choice

The 4,000 accounts receivable of Miller Company have a total book value of $150,000.A CPA has selected and audited a sample of 100 accounts with a total book value of $3,700 and an audited value of $3,800.
-Using mean-per-unit estimation,an auditor has taken a sample of 150 from a population's 50,000 items;that population has a book value of $250,000.She found that in her sample the average audited value was $4.50,while the average book value was $5.20.What is the estimated total audited value of the population?

• A)$215,000.
• B)$216,346.
• C)$225,000.
• D)$250,000.

---

Definitions:

World

The totality of entities, the whole of reality, or a particular realm of human experience or observation.

Metaphysical Viewpoint

A perspective that deals with questions of existence, reality, and the nature of the universe beyond the physical or empirical.

Philosophers

Thinkers who engage in critical study, analysis, and the synthesis of ideas about fundamental questions like existence, knowledge, values, reason, mind, and language.

Frameworks

Frameworks refer to the essential structure and systematic arrangement of concepts, theories, or physical supports.