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Critical Thinking Questions Case 7-2

question 93

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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?


Definitions:

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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