Scott Duffney, CPA, has randomly selected and audited a sampleof 100 of Will-Mart’s accounts...

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Accounting

Scott Duffney, CPA, has randomly selected and audited a sampleof 100 of Will-Mart’s accounts receivable. Will-Mart has 3,000accounts receivable accounts with a total book value of $3,700,000.Duffney has determined that the account’s tolerable misstatement is$950,000.
His sample results are as follows:
Average Audited Value $1,230
Average Book Value $1,238
Calculate the accounts receivable estimated audited value andprojected misstatement using the: (Do not round yourintermediate calculations and round your final answer to nearestwhole dollar.)
Estimated-Audit Value Projected Misstatement
Mean-per-unit Method $3,690,000 $10,000
Ratio Method ? ?
Difference Method ? ?
I know the mean-per-unit method is correct but have beenstruggling with the ratio method and difference method.

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1 Mean per unit method 1230Average audit value 3000 accounts 3690000 estimated audit value Projected misstatement Clients book value Estimated See Answer

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In: AccountingScott Duffney, CPA, has randomly selected and audited a sampleof 100 of Will-Mart’s accounts receivable....Scott Duffney, CPA, has randomly selected and audited a sampleof 100 of Will-Mart’s accounts receivable. Will-Mart has 3,000accounts receivable accounts with a total book value of $3,700,000.Duffney has determined that the account’s tolerable misstatement is$950,000.His sample results are as follows:Average Audited Value$1,230Average Book Value$1,238Calculate the accounts receivable estimated audited value andprojected misstatement using the: (Do not round yourintermediate calculations and round your final answer to nearestwhole dollar.)Estimated-Audit ValueProjected MisstatementMean-per-unit Method$3,690,000$10,000Ratio Method??Difference Method??I know the mean-per-unit method is correct but have beenstruggling with the ratio method and difference method.

	Estimated-Audit Value	Projected Misstatement
Mean-per-unit Method	$3,690,000	$10,000
Ratio Method	?	?
Difference Method	?	?