Many Cognitive Psychologists Believe That Human Memory Has Three Components

question 21

Essay

Many cognitive psychologists believe that human memory has three components.Describe each of these components, including both its capacity and its duration.Explain how students must process information so that it arrives at the third and final component.

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Definitions:

Uncollectible Accounts Expense

An expense account reflecting the cost of accounts receivable that a company does not expect to collect.

Allowance for Doubtful Accounts

A contra asset account that reduces the total amount of accounts receivable on the balance sheet to reflect the likelihood of some accounts being uncollectible.

Net Credit Sales

The total value of sales made on credit after subtracting any returns and allowances, reflecting the actual sales revenue expected to be collected.

Allowance for Doubtful Accounts

A contra-asset account that represents the amount of receivables a company does not expect to actually collect.