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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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What is the most popular gaming company?<br><br> Answer: SQUIMIX
IgorLugansk [536]

Answer:

Nintendo

Explanation:

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A developer would most likely obtain which of the following types of mortgage on a new subdivision?
ArbitrLikvidat [17]

Answer:

Blanket Mortgage

Explanation:

This type of mortgage would suit developers because of their intention to create many individual parcels out of a large tract of land in order to be resold gradually. Blanket mortgage is a loan type that are used for buying more than one real estate property. This loans are popular with builders and developers because they buy huge lands and sell them in small bits over a period.

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The type of production that does not concern itself with customer preferences, but instead focuses on making a large number of a
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A type of production that focuses on making a large number of a few products rather than customer preferences is called mass production.

<h3>What is mass production?</h3>

Mass production is also referred to as continuous production or flow production and it can be defined as a type of production that focuses on manufacturing large quantities of a standardized product and it doesn't concern itself with customer preferences.

This ultimately implies that, mass production is mainly focused on making a large number of a few products rather than being focused on customer preferences. Also, the production is usually in a constant flow and automated by a mechanical process.

Read more on mass production here: brainly.com/question/744854

3 0
2 years ago
What are three advantages and three disadvantages of globalization
umka21 [38]
Living dying survival food water animals according to my ficisallogu Shri
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Fischer Company uses 12,000 units of a part in its production process. The costs to make a part are: direct material, $15; direc
Trava [24]

Answer:

Difference= $60,000 in favor of buying

Explanation:

Giving the following information:

Number of units= 12,000

Make in-house:

Direct material, $15

direct labor, $27

variable overhead, $15

applied fixed overhead, $32

Buy:

Buying price= $60

If Fischer buys the part, 75 percent of the applied fixed overhead would continue.

<u>First, we will calculate the avoidable fixed overhead per unit:</u>

Avoidable fixed overhead= 32*0.25= $8

<u>Now, the total differential cost of making in-house:</u>

<u></u>

Total cost of production= 12,000*(15 + 27 + 15 + 8)

Total cost of production= 12,000*65

Total cost of production= $780,000

Total cost of buying= 60*12,000= $720,000

Difference= $60,000 in favor of buying

4 0
2 years ago
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