Chris York, CPA, is considering the use of probability proportional to size sampling in examining the sales transactions and accounts receivable of Carter Wholesale Company a How does the definition of the items in an accounts receivable population vary between probability proportional to size samp...

a In PPS sampling the items in the population are the individ ...

Chris York, CPA, is considering the use of probability-proportional-to-size sampling in examining the sales transactions and accounts

Question:

Chris York, CPA, is considering the use of probability-proportional-to-size sampling in examining the sales transactions and of Carter Wholesale Company.
a. How does the definition of the items in an population vary between probability-proportional-to-size sampling and mean-per-unit sampling?
b. Should a population of be stratified by dollar value before applying probability-proportional-to-size sampling procedures? Discuss.

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...