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:Consumer Price Index (CPI) 2016 = 111.54
Explanation:
consumer price index is a measure of price change over a period of time in other words consumer price index is a measure of inflation. A number of good are selected and their prices are monitored each year in order to measured against the base year prices in order to determine changes in the general price level.
The goods selected represent the spending patterns of the an average consumer in that economy or country. When the price of these goods rise over time when compared to the Basket Cost of the base year we can assume that there is a rise in the general price level
Base year = 2014
Basket's cost 2014= $52
Base cost 2016 = $58
Consumer Price index (CPI) 2016 = Basket costs 2016/base year Basket cost 2014.
Consumer Price index (CPI) 2016 = 58/52 = 1.115384615 x 100
Consumer Price Index (CPI) 2016 = 111.5384615
Consumer Price Index (CPI) 2016 = 111.54
Answer: 13.2%
Explanation:
Given data:
No of stores in the market = 5000
No. of store owners = 2000.
Allison charges = $8/month
Sam charges = $8/month.
Solution:
The market penetration rate would be calculated based on potential customers.
Using our general formula,
Market penetration=Numbers of customers who purchased Allison derived sales and Sam derived sales /Total potential population
Where,
Total potential population=1,500
•Allison derived sales = 129 customers
•Sam derived sales = 69 customers
•Numbers of customers who purchased Allison derived sales and Sam derived sales=129 customers+ 69 customers
•Numbers of customers who purchased Allison derived sales and Sam derived sales =198 customers
Let’s input this into our general formula.
Market penetration
= 169 customers/1,500
= 0.132*100
= 13.2%
The market penetration rate based on potential customers is 13.2%
Answer:
The correct answer is "People are"
Explanation:
Unlike in item promoting and in service marketing individuals assume a significant job in forming the clients' involvement in the service. Additionally, the four Ps utilized in item advertising - Product, Price, Place, Promotion, there are three extra Ps utilized in Service Market - People, Process and Physical proof. In service promoting, individuals are an indistinguishable part from the service they give. The manner in which an assistance is made and conveyed makes an immense effect on the client support understanding. For instance, in an eatery, both nourishment thing and the individual offering the support are indistinguishable and shapes the client experience of eating in the café.
