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Critical Thinking Questions
Case 7-2
Your colleague hasn't used Visual Basic in a while and so when he encounters a decision point, he sometimes calls out to you over the cubicle wall to get answers to his questions.
-After a few minutes,he calls back out.This time,he wants to know how to pass a reference to a value instead of passing the value itself.Before suggesting that he begin to use his reference texts or a search engine on the Web to find his own answers,you instead suggest which of the following to him?
Accounting Records
Accounting Records are documentation and books that comprise all the financial statements, ledgers, and other pertinent financial information about a business.
Days' Sales Uncollected
A financial ratio that measures the average number of days it takes for a company to collect payment after a sale has been made.
Accounts Receivable
Accounts receivable refers to the amount of money that customers owe to a company for goods or services that have been delivered but not yet paid for.
Cash
Liquid currency and assets readily convertible into cash, used to fund day-to-day operations and transactions.
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