[Chaneman445]

Fox & Associates. CPA, was auditing Moore, Inc. and for the accounts receivable balance determined the following:
1)The total number of accounts was 2,500
2)The average balance of each individual accounts was $150.
3)Fox wanted to be 95% confident that the recorded balance is not overstated by more than $60,000,
4)Fox also believed that there was an expected misstatement of $2,000.

Reliable Factor Table
number of risk incorrect acceptance
1% 5% 10%
4.61 3.00 2.31
6.64 4.75 3.89
8.41 6.30 5.33

Expansion Factor
1% 5% 10%
1.9 1.6 1.5

Questions:
What is the carrying amount of the population?
Risk of incorrect acceptance?
Reliability factor?
Sample size?
Sampling Interval?