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

question 61

Multiple Choice

The 4,000 accounts receivable of GHI Company have a total book value of $60,000.Bob Smith,CPA,has selected and audited a sample of 100 accounts with a total book value of $1,600.Using the mean-per-unit estimation technique,Smith has properly estimated a projected misstatement of a $8,000 overstatement for the entire population.The audited value of Smith's sample is:

• A)$1,300
• B)$1,400
• C)$1,600
• D)$1,800

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Definitions:

Work Processes

Sets of related tasks or activities that collectively lead to a specific business outcome or product delivery.

Strategic Plans

A roadmap designed to achieve long-term goals and objectives of an organization, guiding its direction and resource allocation.

Societal Level

This term refers to the broader social context or society at which certain processes, phenomena, or situations are analyzed or considered.

Individual Level

Pertains to analysis or impact focused on single entities, such as persons, as opposed to groups or organizations.