Online Retail Sales Stood at $23

question 152

Short Answer

Online retail sales stood at $23.5 billion for 2000. For the next 2 years, they grew by 32.8% and 27.7% per year, respectively. For the next 6 years, online retail sales are projected to grow at 30.5%, 19.3%, 24.4%, 13.8%, 17.8%, and 10.3% per year, respectively. What are the projected online sales for 2008? Round your answer to the nearest tenth.
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$__________ billion

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Definitions:

NSF

An acronym standing for "Non-Sufficient Funds," indicating that a check cannot be honored due to inadequate funds in the payer's account.

Internal Control

Internal Control refers to the processes and procedures implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Task Responsibility

Assignment of accountability and authority to a person or team for the completion of a specific task or project component.

Segregation Of Duties

A control activity that aims to reduce the risk of errors and fraud by dividing responsibilities among different people in an organization.