Which Is the Current Term Used to Refer to Systems

question 97

Multiple Choice

Which is the current term used to refer to systems of memory holding information up to 30 seconds?

• A)working memory
• B)primary memory
• C)unemployed memory
• D)short-term memory

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Definitions:

Percentage-of-Receivables Basis

A method used to estimate the amount of bad debt expense by applying a fixed percentage to the total amount of accounts receivable.

Allowance for Doubtful Accounts

A contra-asset account used to estimate the portion of a company's receivables that may not be collectible.

Bad Debt Expense

An expense reported on the income statement, representing the amount of non-collectible accounts receivable during a period.

Direct Write-off Method

An accounting method where bad debts are expensed only when they are deemed uncollectible.