Sherrie Is Interested in Average Monthly Sales for Smartphones in the United

question 20

Multiple Choice

Sherrie is interested in average monthly sales for smartphones in the United States.She found information on the Internet that gives annual sales,so she took the annual sales and divided it by twelve to get a monthly average.This is an example of _____.

• A) data mining
• B) data division
• C) data transformation
• D) data validation

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Definitions:

Fees Earned

Revenue generated from professional services provided, often used in accounting for law firms, consulting businesses, and other service providers.

Cash

Money in the form of bills or coins, immediately available for transactions or expenditure.

Accounts Receivable

Accounts receivable from clients for merchandise or services supplied but payment not received.

Unearned Revenue

Money received by a company for goods or services yet to be provided, recorded as a liability on the balance sheet until earned.