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

  New lithographic equipment acquired at a cost of 800000 at

new lithographic equipment acquired at a cost of 800000 at the beginning of a fiscal year has an estimated useful life

  Select an organization with which you are familiar make a

select an organization with which you are familiar. prepare a 1050- to 1400-word paper in which you evaluate the

  Mortgage note records

Prepare the journal entry to record the retirement of the bonds at maturity, assuming the bonds were issued at 100. Prepare the journal entry to record the retirement of the bonds before maturity at 98. Assume the balance in premium on bonds payable ..

  Calculate inventory on each of the bases

Calculate the inventory at April 30 on each of the following bases. Assume that perpetual inventory records are kept inunits only. carry unit costs to the nearest cent.

  Examining ethical and legal issues related to online

state and defend legal and ethical internet issues and academic integrity. ltbrgtdiscuss at least 2 specific examples

  What is maytag cash conversion cycle

Maytag Corporation has 49 days in accounts receivable, 46 days in inventory, and 49 days in accounts payable. What is Maytag's cash conversion cycle?

  At december 31 2013 for the microchip company for each of

at december 31 2013 for the microchip company for each of the following situations assume that no financial statements

  Cost of the setup mechanics

If the company allocates the cost of the setup mechanics based on the number of setups, the setup costs to be allocated to an order of 300,000 Nurturing Face Cream jar covers for Aristedes Cosmetics Company would be:

  Steve is considering the following actions explain to him

steve is considering the following actions. explain to him which actions will constitute gifts for gift tax purposes.

  Construct a new contribution format income statement for

exercise 5-9 compute and use the degree of operating leverage lo8eneliko company installs home theater systems. the

  Prepare the january 1 2010 workpaper entries to eliminate

phillips company purchased a 90 interest in standards corporation for 2340000 on january 1 2010. standards corporation

  Your company is in need of quick cash to afford a project

a your company is in need of quick cash to afford a project opportunity so the firm decides to factor 100000 of its

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