Calculating the Turnover of Receivables Is Often Used in Testing

question 96

Multiple Choice

Calculating the turnover of receivables is often used in testing the sales cycle by auditors when performing which of the following?

• A)Trend analysis.
• B)Ratio analysis.
• C)Reasonableness testing.
• D)Nonstatistical sampling.

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Definitions:

Cognitive Processes

Mental processes such as thinking, knowing, problem solving, remembering, and forming mental representations.

Classical Conditioning

An educational process in which a response naturally happens is acquired by associating an environmental signal with a spontaneous stimulus.

Fixed Interval Schedule

A reinforcement schedule in operant conditioning where the first response is rewarded only after a specified amount of time has elapsed.

Classical Conditioning

A learning technique involving the frequent pairing of two stimuli, so that a response originally stimulated by the second of the stimuli is in the end stimulated by only the first stimulus.