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

question 31

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 ratio 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

---

Definitions:

Theorists

Individuals who develop theories in a particular field to explain phenomena based on abstract principles and systematic reasoning.

Practitioners

Refers to individuals who actively engage in a particular profession or occupation, especially in fields such as medicine, law, or consulting, applying their expertise in practical settings.

Managers

Individuals responsible for directing and overseeing the activities and functions of a group or organization to achieve its objectives.

Quality Advocate

A person or role dedicated to promoting, ensuring, and improving the quality of products, services, or processes within an organization.