Confirm accounts receivable ending balances and sales terms, such as right of return and consignment arrangements.-- Existence and accuracy
What is an Accounts Receivable Confirmation?
When an auditor is examining the accounting records of a client company, a primary technique for verifying the existence of accounts receivable is to confirm them with the company's customers. The auditor does so with an accounts receivable confirmation
What does it mean to confirm account?
Account verification is the process of verifying that a new or existing account is owned and operated by a specified real individual or organization. A number of websites, for example social media websites, offer account verification services.
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Luwam is convinced that her product idea has great potential. She has decided to produce the product herself, but will use other companies who specialize in storing and transporting products to help her move the product from where it is manufactured to the final consumer. These specialists Luwam uses will be part of her: "channel of distribution".
<h3>What is channel of distribution?</h3>
A product or service could travel down a distribution channel to reach the market. A corporation can sell to customers directly through a direct distribution channel, which is typically a website or physical store.
Some characteristics of channel of distribution are-
- A distribution channel is a network of businesses or middlemen where the final consumer buys a product or service.
- Wholesalers, retailers, distributors, and the Internet are examples of distribution channels.
- The manufacturer sells directly to the customer through a direct distribution channel. Before the product reaches the customer, indirect routes use a number of middlemen.
- The product, promotion, and price are other components of a company's marketing plan, which also includes a distribution channel, usually referred to as placement.
Therefore, the length of a distribution channel depends on how many middlemen are needed to distribute a good or service.
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<u>Answer:</u>
<em>Thick fish steaks are also known as </em><em><u>fillets
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<u>Explanation:</u>
Filets do not contain any bits of the more prominent bones, yet a few species have littler, intramuscular bones (called pins) inside the tissue.
A fish filet, from the French word filet, which means a string or strip, is the substance of a fish that has been removed or cut from the bone by cutting the long way along one side of the fish parallel to the spine. In anticipation of filleting, any scales on the fish ought to be expelled.
Answer:
Cooperatives
Explanation:
Cooperatives are people-centered enterprises owned, controlled, and run by and for their members to realize their common economic, social, and cultural needs and aspirations.
Answer:
The item becomes too popular and starts to run out.
