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Y_Kistochka [10]
3 years ago
5

The loan department of a financial corporation makes loans to businesses. The costs of processing these loans are often several

thousand dollars. All loans are initially evaluated using the same financial analysis software, but some require outside services such as appraisals and legal services. Which is the most appropriate costing system for the loan department
Business
1 answer:
Ket [755]3 years ago
3 0

Answer:

Operation costing

Explanation:

Operating costing is the combination of the job costing and the process costing. In this the cost are received for each and every operation rather for each and every process

Since in the given situation it is mentioned that they need some outside services like legal services etc so here the costing system that used for the loan department is operation costing

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eHarmony claims to be the world's most trusted online dating website. Its appeal is to satisfy consumers' <u>love and belonging</u> needs in Maslow's hierarchy of needs.

<h3>What is Maslow's Hierarchy of Needs?</h3>

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1 year ago
Which of the following are examples of reportable incidents? choose all that apply
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a healthcare provider failing to respond to a patient’s alarm

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2 years ago
Witch of the following words describe a candidate that comes off well in the media, particularly on television? A. Cynical B. Cr
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Howard Inc. had prepaid rent of $94,000 and $105,000 at the end of 2017 and 2018, respectively. During 2018, Howard recorded $25
Paladinen [302]

Answer:

The outflow of cash in respect of rent is $270,000

Explanation:

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The prepaid rent at the end of 2017 relates to rent expense but was paid last year hence should be deducted from rent expense in the year,

On the other hand , the prepaid expense for 2018 was paid  during the year hence should be added to rent expense in order to cash cash outflow  relating to rent expense

Rent expense             $259,000

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Ultimately the outflow of cash in respect of rent in the year is $270,000

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