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Vaselesa [24]
1 year ago
6

What type of scheme is being used when an individual is asked to make an upfront payment in order to gain access to a larger amo

unt of money?.
Business
1 answer:
Simora [160]1 year ago
7 0

An advance fee scheme occurs when the victim pays money to someone in anticipation of receiving something of greater value.

What do you mean by Advance fee payment?

Advance fee payment is the money that you pay to a person or company before receiving something such as a loan or investment.It can be in the form of taxes or lottery.

A business is only to keep the payments you've made in advance or ask you to pay a cancellation charge if it's fair .

Hence , An advance fee scheme occurs when the victim pays money to someone in anticipation of receiving something of greater value.

To know more about Advance Payment from the given link

brainly.com/question/12021890

#SPJ4

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Harry's basis in the stock received from the corporation is $150,000.

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To assign overhead costs to each product, the company:_____.
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Answer:

a. multiplies the activity-based overhead rates per cost driver by the number of cost drivers expected to be used per product.

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Generally, an activity-based costing uses multiple cost pools such as manufacturing cost or customer services and multiple cost drivers such as direct labor hours worked, number of changes used in engineering department, etc.

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<u> Disadvantages of bottom-up budgeting approach:</u>

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