Fly Thermostat,an Automatic Temperature Controller for Homes,learns the Patterns for Raising

question 45

Multiple Choice

Fly thermostat,an automatic temperature controller for homes,learns the patterns for raising and lowering the temperature in a house after a week of use.It then adjusts the temperature automatically based on the observed patterns.This is an application of _____.

• A)the Internet of Things
• B)Net neutrality
• C)the Education Rate (E-Rate)program
• D)Net censorship

Identify the effects of transactions on financial statements.

Learn how to record transactions involving cash, receivables, payables, and equity.

Understand the impact of prepaid and unearned items on financial statements.

Recognize the differences between revenue and expense accounts.

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Definitions:

Spot Rates

The prevailing price for a specific currency that can be traded immediately.

Journal Entries

Journal entries are records of financial transactions in accounting, documented in chronological order, indicating accounts affected, amounts, and a brief description of the transaction.

Forward Rate

An agreed-upon price for a currency or asset to be exchanged at a future date, used for hedging or speculation.

Forward Contract

A financial derivative that represents a customized contract between two parties to buy or sell an asset at a specified price on a future date.