Someone Who Is Acting as a Prosumer Might Do the Following

question 30

Multiple Choice

Someone who is acting as a prosumer might do the following:

• A) post an item to Etsy that they created themselves.
• B) construct an item that they bought and took home from Ikea.
• C) playing a standard single-player video game.
• D) develop a unique app for other people to place content on.

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Definitions:

Interest

The cost of borrowing money, expressed as a percentage of the amount borrowed, paid by the borrower to the lender.

Note Receivable

A financial asset representing a written promise for a debtor to pay a certain amount of money to the holder of the note on a specific date or on demand.

Percent of Sales Method

A financial planning tool used to forecast future revenues, expenses, or balance sheet figures as a percentage of sales.

Uncollectible Accounts Receivable

Accounts receivable that are considered to be uncollectible due to the inability of the customers to pay.