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Critical Thinking Questions Case 3-2

question 30

Multiple Choice

Critical Thinking Questions Case 3-2
You are the sales manager for a training company. Your company uses a monthly newsletter to market its services to clients by keeping clients up-to-date on using current technologies and informing clients about emerging technologies. You are meeting with your administrative assistant to plan next month's newsletter.
Your administrative assistant presents a story based on her online research about an emerging technology of great interest to your client base. After you read the story, your first task should be to ____.


Definitions:

Interest Collected

The amount of money received by an entity as interest from loans, investments, or savings accounts.

Journalize

The process of recording business transactions in the journal of an accounting system.

Petty Cash Fund

A modest sum of money maintained for covering small or unforeseen costs.

Journal Entries

Recorded transactions in the accounting records of a business that demonstrate the financial activities and their impacts.

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