Assume a Mean-Per-Unit Estimation Variables Sampling Application with a Tolerable

question 53

Multiple Choice

Assume a mean-per-unit estimation variables sampling application with a tolerable misstatement of $70,000 and a book value of $700,000. After performing the sampling plan, the auditors calculated an adjusted allowance for sampling risk of $45,000 and a point estimate of the population's total audited value to be $640,000. The projected misstatement based on this sample is:

• A) $5,000
• B) $45,000
• C) $60,000
• D) $70,000

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Definitions:

Cartilages

A type of flexible connective tissue found in various areas of the body like joints, rib cage, and ear, offering support and structure.

Upper Respiratory Tract

The part of the respiratory system that includes the nose, nasal passages, pharynx, and larynx, which serve as entryways for air into the body.

Pharynx

A muscular tube that connects the mouth and nasal passages to the esophagus and larynx, serving both respiratory and digestive functions.

Larynx

The voice box located in the neck through which air passes to the lungs, and contains vocal cords that produce sound.