You are auditing accounts receivable for a small company and have found the following results:Number and Sizeof Client AccountsBook Valueof Stratum Book Valueof Sample Audit Valueof Sample1,202 accounts < $1,000$948,378 $59,175 $51,256 532 accounts > $1,000$777,504 $36,400 $34,400 Use ratio projection to project your results.
What will be an ideal response?
| (a) | (b) | (c) | (d) | (e) | (f) |
| Number and Size of Client Accounts | Book Value of Stratum | Book Value of Sample | Audit Value of Sample | Amount of Overstatement (c) - (d) | Projected Misstatement (e)/(c) × (b) |
| 1,202 accounts < $1,000 | $948,378 | $59,175 | $51,256 | $7,919 | $126,915 |
| 532 accounts > $1,000 | $777,504 | $36,400 | $34,400 | $2,000 | $42,720 |
| ? | ? | ? | ? | ? | $169,635 |
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