User Account

All Pages

What the proposed plan is an example of

Assignment Help Accounting Basics
Reference no: EM132756846

Problem 1: Management has asked the internal auditing staff to evaluate the efficiency of the accounts payable system, particularly whether it would be economically feasible to reduce the number of discounts lost through slow payment. The audit staff decides that it needs to determine the amount currently being lost and can do so by taking a sample from payments made in the last six months, examining each, and recording the amount, if any, of the discount lost. This information can be used to project the total amount of discounts lost for the period. This proposed plan is an example of

a. Attribute sampling.

b. Acceptance sampling.

c. Variables sampling.

d. Discovery sampling.

Reference no: EM132756846

Questions Cloud

How would you handle hostility on a team : How would you handle hostility on a team? Common problems on a team include lack of commitment, productivity losses, poor communication, and interpersonal.
What keys to success did the leader describe : What is the role of the leader you interviewed? What keys to success did the leader describe? What are your thoughts on the leader's response?
Which statements concerning alpha and beta risk is true : Which statements concerning alpha and beta risk is true? As inherent risk and/or control risk increase, beta risk should also increase.
What is the present value of the? liability : In other? words, they will need ?$395,000 in 27 years. If the appropriate discount rate is 7 ?percent, what is the present value of the? liability
What the proposed plan is an example of : This information can be used to project the total amount of discounts lost for the period. What This proposed plan is an example of
What is gross margin when using absorption costing : Andrea's Hobbies produces and sells luxury beds for $60.00 per unit. What is gross margin when using absorption costing
Which of the statements concerning sample size is true : Which of the statements concerning sample size is true? An increase in the tolerable occurrence rate, other factors remaining unchanged
What are the expected return and standard deviation : Brett has invested one-third of his funds in Share 1 and two-thirds of his funds in Share 2. What are the expected return and standard deviation
Determine what does the patient owe : Determine What does the patient owe? The patient must pay the annual deductible of $1,000, and the policy states a 80-20 coinsurance.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd