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

Business

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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.

Business

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

Business