Calculate the Response Rate Given the Data Shown Below

question 50

Short Answer

Calculate the response rate given the data shown below.
Number in original sample: 1,250
Number not valid: 200
Failed to meet sample definition: 50
Refusals: 50
Not at home: 200

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Definitions:

Ledger Accounts

Individual financial records within the ledger that capture all transactions related to a specific asset, liability, equity, revenue, or expense.

Recording Process

The systematic method of capturing, documenting, and maintaining financial transactions and events in the accounting records of an organization.

Ledger Accounts

Individual accounts within the ledger that record transactions related to a company's assets, liabilities, equity, revenue, and expenses.

Journal

A detailed record where all financial transactions of a business are initially recorded before being transferred to the accounts in the general ledger.