[The following information applies to the questions displayed below.]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 technique, the estimated total audited value of the population is:
A. $154,000.
B. $152,000.
C. $154,054.
D. $150,000.
Answer: B
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Cost-per-thousand (CPM) is a measure of:
A) the efficiency of a media type. B) profit margin from advertising revenues. C) losses from advertising expense. D) gains from advertising exposure.
The direct mail medium has very low cost per exposure
Indicate whether the statement is true or false
According to President Kennedy's consumer bill of rights, the right to choose means that
A. consumers' interests will receive full and sympathetic consideration in the formulation of government policy. B. consumers should have access to a variety of products and services at competitive prices. C. consumers should have access to and the opportunity to review all relevant information about a product before buying it. D. marketers have an obligation not to knowingly market a product that could harm consumers. E. consumers should be able to buy products at prices they are willing to pay.
Your corporation has the following cash flows: Operating income$250,000Interest received$10,000Interest paid$45,000Dividends received$17,000Dividends paid$50,000? If the applicable income tax rate is 40% (federal and state combined), and if 70% of dividends received are exempt from taxes, what is the corporation's tax liability?
A. $87,160 B. $88,040 C. $80,116 D. $108,289 E. $77,475