Is the population acceptable? If not, indicate what follow-up action(s) you consider appropriate in the circumstances.
You are evaluating the results of a nonstatistical sample of 85 accounts receivable confirmations for the Bohrer Company. Information on the sample and population are included below. Tolerable misstatement for accounts receivable confirmation sampling is $100,000. Sample Population Stratum # of Accounts Recorded Value # of Accounts Recorded Value 1 > $75,000 8 $1,287,643 8 […]