You are auditing the accounts receivable balance of a cable

Assignment Help Accounting Basics
Reference no: EM13595294

You are auditing the accounts receivable balance of a cable television provider. Individual accounts receivables tend to be similar in amount to each other and cover one or two months of service charges. The client has a computerized billing system that makes it easy to access individual customer's records. The total accounts receivable balance makes up 23% of the firm's total assets. You did the audit for the firm last year and found few errors in their accounts receivable balance.

a) Would you use a sampling technique to test their balance and, if so, would you use statistical or non-statistical sampling? Explain your answer.What method would you use to test an individual account balance and why

Reference no: EM13595294

Questions Cloud

Dream expects to produce 1000 sewing machines in the month : dream sewing machine company uses activity-based costing to account for its manufacturing process. following are the
How do you go about calculating the average deviation step : how do you go about calculating the average deviation step by step using the following numbersx-1 26.0242gx-2
A 126-g sample of an enzyme is used to make a 730-ml : a 1.26-g sample of an enzyme is used to make a 7.30-ml solution. what is the molar mass of the enzyme if the osmotic
When you performed flame test on the chloride salts of : when you performed flame test on the chloride salts of several metallic elementyou undoubtedly noticed that each
You are auditing the accounts receivable balance of a cable : you are auditing the accounts receivable balance of a cable television provider. individual accounts receivables tend
What is the divisions residual income if the asset is : ocean division currently earns 780000 and has divisional assets of 3.9 million. the division manager is considering the
What are the molality of the solution and the molar mass of : a solution of 0.940 g of an organic compound in 100.0 g of benzene has a freezing point of 5.124degc. what are the
A cell with 25 m internal concentration is placed into pure : question a cell with .25 m internal concentration is placed into pure water. what is the pressure difference across the
Why do auditors obtain management representation letters : why do auditors obtain management representation letters from their audit clients at the end of every audit? your

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.

  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!

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