The enormous volume of data generated by Internet activity, such as web traffic, email, and social media is referred to as:
A) IoT.
B) big data.
C) the mobile digital platform.
D) cloud computing.
E) business intelligence.
B
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On April 1, 2017, Planet Services received $8,000 in advance of performing the services from a customer for three months of service — April, May and June. What would be the journal entry to adjust the accounts at the end of May?
A) Debit Service Revenue $2,667, and credit Unearned Revenue $2,667. B) Debit Unearned Revenue $5,333, and credit Service Revenue $5,333. C) Debit Unearned Revenue $8,000, and credit Service Revenue $8,000. D) Debit Service Revenue $5,333, and credit Accounts Receivable $5,333.
Which of the following describes the way a LIBOR-in-arrears swap differs from a plain vanilla interest rate swap?
A. Interest is paid at the beginning of the accrual period in a LIBOR-in-arrears swap B. Interest is paid at the end of the accrual period in a LIBOR-in-arrears swap C. No floating interest is paid until the end of the life of the swap in a LIBOR-in-arrears swap, but fixed payments are made throughout the life of the swap D. Neither floating nor fixed payments are made until the end of the life of the swap