A(n) ____________________ Is Typically Used for Applications That Require Extraordinary

question 55

Short Answer

A(n) ____________________ is typically used for applications that require extraordinary speed, accuracy, and processing capabilities-for example, sending astronauts into space, controlling missile guidance systems and satellites, forecasting the weather, exploring for oil, breaking codes, and designing and testing new products.

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Definitions:

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenditures to the correct period.

Revenue Accounts

Accounts that track the income earned by a company from its normal business operations or other activities.

Salaries and Wages Payable

Obligations due to employees for completed work that hasn't been compensated yet.

Payroll

The total amount of wages and salaries paid by a business to its employees for a set period of time.