To determine whether accounts payable are complete, an auditor performs a test to verify that all merchandise received is recorded. The population of documents for this test consists of all receiving reports.
<h3>What are receiving reports?</h3>
Receiving reposts is a kind of tool that is used to list, document or note all the transaction details of the businesses. It is generally updated and maintained by those employees of the staff who are responsible for receiving or accepting the delivery of goods.
Thus, an auditor runs a test to ensure that every item received is recorded in order to evaluate whether accounts payable are complete. The receiving reports are the population of documents for this test.
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Answer:
Key Differences Between Primary and Secondary Data
Primary data is a real-time data whereas secondary data is one which relates to the past. Primary data is collected for addressing the problem at hand while secondary data is collected for purposes other than the problem at hand.
Explanation:
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Firms often have advantage over others. A firm is said to gain a competitive advantage when it can provide products similar to its competitors, but at lower prices.
<h3>What is Competitive advantage? </h3>
- This is simply known as the factors that helps a company to create more quality goods or services or more cheaply than its rivals company.
These factors helps the productive entity to get more sales or superior margins compared to its market rivals and it can only be achieved if when it can create or produce products similar to its competitors, but at cheaper prices.
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Answer:
$500,000
Explanation:
in order to calculate the value you should determine the expected return or sales price of the land = price of land x probability of sale
In this case, you have two offers and apparently you haven't decided which to choose, so the expected return = ($400,000 x 50%) + ($600,000 x 50%) = $200,000 + $300,000 = $500,000
Answer:
You need to pay for research data before you talk to any customer
Explanation:
In a lean startup approach, startup companies will gather customers feedback regarding their product and devise their plan based on those feedbacks rather than based on their own intuition.
Even though there are methods that we can use to obtain customers' feedback that require payments (such as purchasing the data from social media ), this isn't always necessary.
One thing that a company can do to obtain customers feedback without paying is to do direct outreach to the customers by sending them emails with their opinion about the products or by creating an online forum specifically for the customers to talk about the product.
