________ Is a Computer Language That Makes It Easier to Exchange

question 50

Multiple Choice

________ is a computer language that makes it easier to exchange data among a variety of applications and to validate and interpret these data.

• A) SOAP
• B) UDDI
• C) WSDL
• D) XML

Analyze and apply the concept of discount rates in financial decisions.

Calculate interest earned on term deposits and savings accounts.

Determine the interest owed on overdue accounts or delayed payments.

Discover the impact of varying interest rates on the amount of interest accrued over different periods.

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Definitions:

Bad Debts Expense

The cost associated with accounts receivable that a company does not expect to collect.

Accounts Receivable

Money owed to a business by its customers for products or services that have been delivered but not yet paid for.

Allowance for Doubtful Accounts Method

The allowance for doubtful accounts method involves estimating and deducting the amount of receivables that may not be collected from the accounts receivable balance.

Accounts Receivable

Pending payments to a company from its customers for merchandise or services that have already been given.