Prepayment and Scarce resource: Difference between pages

Revision as of 14:33, 18 November 2020

Economics - microeconomics.

An input to a process that is in limited supply.

For example, appropriately skilled labour, or particular raw materials.

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-. ''Banking''.
+''Economics - microeconomics''.
-The non-contractual early repayment by bank customers of, for example, fixed rate mortgages.
+An input to a process that is in limited supply.
-. ''Accounting''.
-An amount paid in advance for a financial benefit, represented by an asset in the organisation's balance sheet.
-It is a prepaid expense.
-:<span style="color:#4B0082">'''''Example: Venue hire'''''</span>
-:We book a venue for a function.
-:And pay 50% of the hire fee in advance.
-:The 50% paid in advance is an ASSET for us.
-:We are going to enjoy the use of the venue in future, but it has already been paid for.
-:So the 50% already paid represents a future economic benefit.
+For example, appropriately skilled labour, or particular raw materials.
 == See also ==
-* [[Accrual]]
+* [[Limiting factor]]
-* [[Average effective maturity]]
+* [[Microeconomics]]
-* [[Bookkeeping]]
+* [[Production possibility curves]]
-* [[Early Repayment Charge]]
+* [[Scarce resource analysis]]
-* [[Extension risk]]
+* [[Scarcity]]
-* [[Prepaid expense]]
-* [[Prepayment risk]]
-* [[Prepayments]]
-[[Category:Accounting,_tax_and_regulation]]
+[[Category:Financial_management]]
-[[Category:Identify_and_assess_risks]]
+[[Category:Knowledge_and_information_management]]
-[[Category:Manage_risks]]
+[[Category:Planning_and_projects]]
-[[Category:Risk_frameworks]]
+[[Category:The_business_context]]
+[[Category:Corporate_finance]]
+[[Category:Investment]]