Teal Corporation Has 2,000 Accounts Receivable,with a Total Book Value

question 15

Essay

Teal Corporation has 2,000 accounts receivable,with a total book value of $300,000.Ricardo Ramaro,CPA,has selected and audited a sample of 100 of the accounts with a combined book value of $16,100;the total of the audited values was $16,000.Using the mean-per-unit method,calculate the:
a.Accounts receivable estimated audited value.
b.Projected misstatement.

---

Definitions:

Integrity

The quality of being honest and having strong moral principles, crucial for trustworthiness in social and professional settings.

Emotional Intelligence

The capability to recognize, understand, and manage one's own emotions and to comprehend and influence the emotions of others.

Significant Improvement

A noticeable and important enhancement in performance, quality, or outcome.

Coaching

is a development process where an experienced person, known as a coach, supports a learner in achieving specific personal or professional goals through guidance and encouragement.