The First Official Recorded Use of the Word "Bug" in the Context

question 51

Multiple Choice

The first official recorded use of the word "bug" in the context of computing is associated with the temporary failure of the ____ computer.

• A) Mark II
• B) ENIAC
• C) UNIVAC
• D) Apple II

Calculate and interpret accounts receivable turnover and days' sales in receivables measures.

Identify and match specific accounting terms and definitions relevant to receivables management.

Understand and explain the effects of writing off accounts receivable on the accounting equation under the direct write-off method.

Distinguish between the various methods used for estimating uncollectible accounts.

---

Definitions:

Stock Repurchases

A company's buyback of its own shares from the marketplace, reducing the amount of outstanding stock.

Excess Cash

The amount of cash holdings that exceed the normal operational needs of a company.

Reverse Split

A corporate action which consolidates the number of existing shares of stock into fewer, proportionately more valuable, shares.

Shares Outstanding

Shares outstanding refers to the total number of shares of a company's stock that are currently owned by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s officers and insiders.