Vitality Corporation's GlowCaps Showed How the Internet of Things Can

question 48

Essay

Vitality Corporation's GlowCaps showed how the Internet of Things can potentially impact health care. Briefly describe the effort and the benefit to individuals and firms.

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Definitions:

Revenue Accounts

Accounts that record the income generated from the sale of goods and services, before any expenses are subtracted.

Income Summary

A temporary account used in the closing process that summarizes a company's revenues and expenses for the accounting period.

Revenue Account(s)

Accounts that track the income generated from the sale of goods or provision of services before any expenses are deducted.

J. Higgins, Withdrawals

The amount of money withdrawn by J. Higgins from a business for personal use, affecting the owner's equity.