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

question 89

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 the mean-per-unit estimation method an auditor has properly calculated the estimated total audited value of a population as $200,000.Her sample included 200 of the population's 40,000 items.She found that,in her sample the average audited value was $1 less than the average book value.What was the average audited value in the sample?

• A)$4.
• B)$5.
• C)$6.
• D)$10.

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Definitions:

Physical Health

Physical Health pertains to the condition of an individual's body, including all systems' functioning and absence of disease.

General Adaptation Syndrome

A theoretical model describing the body's short-term and long-term reactions to stress, proposed by Hans Selye, comprising three stages: alarm, resistance, and exhaustion.

Hans Selye

A pioneering Hungarian-Canadian endocrinologist who is credited with founding the field of stress research, identifying the General Adaptation Syndrome.

Physical Effect

The tangible or observable impact or influence that something has on the body.