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What Is the Use of the Internet to Provide Customers

question 59

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What is the use of the Internet to provide customers with the ability to gain personalized information by querying corporate databases and their information sources?


Definitions:

Estimated

An approximation or informed guess of a value, amount, or size based on available data or trends but not derived from exact calculations.

Carrying Amount

The net value of an asset or liability recorded on the balance sheet, calculated as the original cost minus any depreciation, amortization, or impairment costs.

Allowance Account

An account used to adjust the carrying value of accounts receivable to the amount expected to be collected.

Contra Account

An account used in conjunction with another account to adjust or offset its balance.

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