During a Computer Software Training Class the Projector Fails

question 152

Multiple Choice

During a computer software training class the projector fails. Which of the following should the instructor do FIRST?

• A) Attempt to quickly fix the projector.
• B) Move the class to another room.
• C) Take a class break and find another projector.
• D) Cancel the class and reschedule for a later date.

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Definitions:

Bad Debt Expense

The estimated amount of accounts receivable that a company does not expect to collect, recognized as an expense on the income statement.

Maturity Value

The amount to be paid to the holder of a financial instrument at its maturity date, including principal and any remaining interest.

Interest

The cost of borrowing money, typically expressed as a percentage of the sum borrowed, or the income earned from lending money.

Aging of Receivables

Aging of receivables is an accounting method used to estimate the amount of a company's accounts receivable that may not be collectible, represented in time categories based on the length of time the invoices have been outstanding.