Merrill Technology Services Sales Interview Questions and Answers

Accrual accounting is a method of accounting that records revenues and expenses when they are incurred, regardless of when cash is exchanged.

• Accrual accounting recognizes revenue and expenses at the time they are earned or incurred, rather than when cash is received or paid.

• In accounts payable, accrual accounting ensures that expenses are recorded when they are incurred, even if the payment has not been made yet.

• This m...read more

Accounts payable refers to the money a company owes to its suppliers or vendors for goods or services purchased on credit.

• Accounts payable is a liability on the company's balance sheet.

• It represents the amount of money the company owes to its suppliers or vendors.

• Accounts payable is typically recorded when an invoice is received from a supplier, and payment is usually made within a specified period.

• Managing accounts pa...read more

Drafting a project plan in Excel

• Create a detailed list of tasks and milestones

• Assign responsibilities to team members

• Set deadlines for each task

• Include a budget and resource allocation

• Use Excel's features like Gantt charts for visualization

Resource planning involves identifying and allocating resources to meet project goals efficiently.

• Identifying the resources needed for a project

• Allocating resources based on project requirements and constraints

• Monitoring resource usage and adjusting as needed

• Balancing resource availability and project deadlines

• Examples: assigning team members to specific tasks, scheduling equipment usage

Concurrent collection refers to data structures that can be accessed and modified by multiple threads simultaneously.

• Concurrent collections are designed to be thread-safe, allowing multiple threads to access and modify the collection without causing data corruption.

• Examples of concurrent collections in Java include ConcurrentHashMap, CopyOnWriteArrayList, and ConcurrentLinkedQueue.

• Concurrent collections are commonly us...read more

CopyOnWriteArrayList is a thread-safe variant of ArrayList where all mutative operations (add, set, remove, etc) are implemented by making a fresh copy of the underlying array.

• CopyOnWriteArrayList is suitable for scenarios where traversal operations vastly outnumber mutative operations.

• It is ideal for read-heavy applications where the list is traversed frequently but modifications are rare.

• Example: CopyOnWriteArrayList