MUS Sampling Has All of the Following Advantages Over Other

question 106

Multiple Choice

MUS sampling has all of the following advantages over other statistical methods except which of the following?

• A)Easier to apply than other statistical sampling approaches.
• B)Sample sizes are relatively small.
• C)It is a relatively easy way to make sure that negative balances and zero balances are included in the sample.
• D)Usually results in a highly efficient sample size.

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Definitions:

Accounts Receivable

Receivables from customers for goods or services provided but not yet compensated.

Effective Annual Interest Rate

The interest rate on a loan or financial product restated from the nominal rate as an annual rate that reflects compounding over a given period.

Cash Cycle

The period of time it takes for a company to convert its investments in inventory and resources into cash flows from sales.

Receivables Period

The average number of days it takes for a company to collect payments from its customers.