Using difference estimation, an auditor has taken a sample of 150 from a population's 50,000 items; that population has a book value of $250,000. She found that in her sample the average audited value was $4.50, while the average book value was $5.20. What is the estimated total audited value of the population?
A. $215,000.
B. $250,000.
C. $225,000.
D. $216,346.
Answer: A
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For 20x5, Devers Enterprises had average total assets of $1,040,000, sales of $900,000, net income of $100,000, net cash flows from operating activities of $150,000, dividend payments of $50,000, purchases of plant assets of $120,000, and sales of plant
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