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maksim [4K]
3 years ago
13

Costs of assets acquired in one period that will be recorded as expense in a future period are referred to as ______ and are ini

tially recorded as _____.
Business
1 answer:
Vadim26 [7]3 years ago
3 0

Answer: Prepaid expense, asset

Explanation: Prepayments made for goods and service which are expected to be received in the future are called prepaid expense. Common examples of prepaid expense are rent and insurance which are expected to be payed in advance but won't be consumed or expire over a certain accounting period. They are therefore initially recorded as assets, this enables the benefits derived from such asset to match expense over the incurred period of time.

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The Henry Ford Health System (a health care provider) has set strict limits for pharmaceutical representatives, and will no long
jeka57 [31]

Answer:

The correct answer to this question is A) it reduces the chances that Henry food health system might make any unethical purchasing decisions.

Explanation:

Ethics can be defined as the morals or principles that a person o group of person or a company believes in. Henry food health system doesn't want its doctors to accept gifts, free lunches or any kind of such perks from the pharmaceutical representative because Henry food health system thinks by providing such gifts and perks, these representatives might influence their doctors decision regarding the purchase and it might lead to doctors making an unethical decision.

4 0
3 years ago
As a major steel manufacturer, SteelMakers Inc. focuses on having the most efficient manufacturing processes in place. The compa
salantis [7]

Answer: Production orientation

     

Explanation: It refers to a strategy when the company focuses only to provide the best quality product in the market without taking into consideration the preference of the customers.

In the given case, Steel makers are focusing on making their business process the best in market so that they can gain a competitive advantage.

  Thus, from the above we can conclude that the correct option is C.

6 0
3 years ago
In order to compute equivalent units of production using the FIFO method of process costing, work for the period must be broken
bazaltina [42]

Answer:

C. completed from beginning inventory, started and completed during the month, and units in ending inventory

Explanation:

During the period, the work done is:

the last part of the beginning WIP

If BI is at 40% complete

During the period 60% is assign to this period cost

the started and complete, those count entirely, as they are finished.

and the equivalent work of the endind inventory

this is also work done during the period, so it should be accounted to assing cost into.

5 0
2 years ago
What is actual work of employees​
makvit [3.9K]
<h3>An employee works part-time, full-time, or is temporary in a job assignment. An employee barters his or her skills, knowledge, experience, and contribution in exchange for compensation from an employer. ... Employers must pay the non-exempt employee for every hour worked as they are paid by the hour.</h3>

Explanation:

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7 0
2 years ago
Read 2 more answers
At the break-even point:
OlgaM077 [116]

Answer:

D. Contribution margin would be equal to total fixed costs

Explanation:

As we know that

break even point is the point at which the firm is earning no profit or no loss suffered

In equation, it is

Total cost = Total revenues

In addition,

The contribution margin = Sales - variable expenses

Therefore

The contribution margin = Fixed cost = break even point

If we subtract the contribution margin from the fixed cost the amount should be zero which implies the break even point

5 0
2 years ago
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