Case 2-2 Clyde Is Setting Up the New Computer That

question 9

Multiple Choice

Case 2-2 Clyde is setting up the new computer that he just bought and wants to attach peripheral devices to the USB ports. When Clyde plugs a device in and the computer system configures it automatically, this is referred to as ____.

• A) plug-and-play
• B) FireWire
• C) a serial port
• D) Bluetooth

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Definitions:

Contra Asset

An account on a company's balance sheet representing reductions of asset accounts, such as accumulated depreciation on equipment.

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company collects revenue from its credit customers, calculated by dividing net credit sales by the average accounts receivable.

Allowance Method

An accounting technique used to estimate and account for doubtful debts, providing a more accurate representation of financial health.

Bad Debts Expense

Bad debts expense represents the portion of receivables that a company estimates it will not be able to collect.