A Personal Computer System Always Includes a Hard Drive

question 28

Essay

A personal computer system always includes a hard drive. Hard drives provide abundant economical storage capacity for most users and provide faster access to files than other storage technologies. You work as an insurance adjuster and often work out of offices in different cities. You decide to purchase an external hard drive, so you can take your files with you wherever you go. Since this is your employer's first exposure to an external hard drive, he begins to think about other electronic devices he has used. He asks you if other common electronic devices use hard drives, and your answer is yes. He asks you to give examples.

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Definitions:

Bond Carrying Amount

The net value of a bond recorded on the issuer's balance sheet, which can differ from its face value due to amortization of any discounts or premiums and issuance costs.

Sold At A Discount

Refers to selling an asset or security for a price that is less than its face value or original purchase price.

Fair Value Option

An accounting strategy giving companies the choice to measure financial assets and liabilities at fair value, to provide a more accurate picture of current market value.

Financial Instruments

Contracts that give rise to a financial asset of one entity and a financial liability or equity instrument of another entity.