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PilotLPTM [1.2K]
3 years ago
14

Prepayments occur when:

Business
1 answer:
Lana71 [14]3 years ago
3 0

Answer:

a. Cash payment (or an obligation to pay cash) occurs before the expense recognition.

Explanation:

Prepayments are amounts paid to a business before goods or services are received. This means that a prepayment is the payment of an obligation, bill, or expense before its due date, which is therefore,  also before the expense recognition.

The correct answer is alternative a. Cash payment (or an obligation to pay cash) occurs before the expense recognition.

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The process of choosing an option after evaluating the available information and weighing the costs and benefits of the alternat
ozzi

Answer: Decision-Making

Explanation:

Decision-making is the process by which we choose the best perceived alternative to follow after evaluating the available alternatives for their costs and benefits.

These costs and benefits are not only monetary in nature. They can include our values as well as our beliefs and the things we prefer. They also include time as well. Every decision is unique with these and that is why every decision must be evaluated in its own right.

5 0
3 years ago
Suppose the marginal cost curve in the short run first decreases and then increases. If marginal cost is decreasing, _____ must
In-s [12.5K]

Answer: D. marginal product; increasing; average variable cost; decreasing

Explanation:

The Marginal product curve is hump-shaped and the marginal cost curve is U-shaped because these two move in opposite directions to each other.

If the marginal cost is decreasing therefore, the marginal product must be increasing. If the marginal cost is decreasing and the marginal product is increasing, average variable cost will have to fall because every additional unit produced incurs less cost so the average has to fall as well.

6 0
3 years ago
Competing in one or more countries or regions of the world causes strategy-making to be more complex because of
alexandr402 [8]
Here is the answer that best completes the statement:

What causes strategy-making to be more complicated as one competes in one or  more regions or countries of the world is due to existence of significant differences in each country in buyer preferences, growth potential and the sizes of the market. 
8 0
3 years ago
Which of the following is an example of an employee contribution retirement plan
tekilochka [14]

Answer:

401 retairement plan

Explanation:

A 401(k) is a retirement plan based on savings with the contribution of the employer. The contribution made by the employer and portion of the wage that is saved is collected before taxes.

8 0
3 years ago
Lax LLC purchased only one asset during the current year (a full 12-month tax year). On August 26 Lax placed in service computer
Elena-2011 [213]

Answer:

$4,000

Explanation:

The asset's recovery period is 5 years and the half-year convention applies.

Therefore :

$20,000 ×0.20 = $4,000.

6 0
3 years ago
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