The 2,000 Accounts Receivable of ABC Company Have a Total

question 66

Multiple Choice

The 2,000 accounts receivable of ABC Company have a total book value of $40,000.Bob Rotter,CPA,has selected and audited a sample of 100 accounts with a total book value of $1,950.The audited value of the 100 accounts in the sample is $1,875.
-Using the mean-per-unit estimation technique,Rotter's estimate (to the nearest dollar) of year-end accounts receivable balance would be:

• A)$37,500
• B)$38,462
• C)$38,500
• D)$41,600

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Definitions:

Bronfenbrenner's Theory

A theoretical model that explores how different environmental systems influence human development, formulated by Urie Bronfenbrenner.

Macrosystem

The most encompassing layer in Bronfenbrenner's ecological systems theory, referring to societal norms, laws, cultural contexts, and economic conditions that influence an individual's development.

Conflicts of Interest

Situations in which a person or organization could potentially benefit personally or financially from their actions or decisions, leading to a possible clash between personal interests and professional duties or responsibilities.

Continuous View

An approach or theory that sees changes or developments as gradual and incremental, without sharp divisions.