A Fixed Asset Is

question 65

Short Answer

A fixed asset is
an amount due from a customer who has purchased goods on credit.
an asset with long-term use or value, such as land, buildings, and equipment.
an expense, such as rent, that is paid before the upcoming period in which it is due.
an asset that can or will be converted to cash within the following year.
a nonphysical asset, such as a patent or trademark, that has economic value in the form of expected benefit.

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Definitions:

Leverage/Commodity Items

The strategic use of commodity items, which are basic goods used in commerce that are interchangeable with other goods of the same type, to gain an advantage in negotiations or cost efficiency.

Bottleneck Items

Goods or components in the supply chain that slow down production or delivery due to their limited availability or high demand.

Cost Management

The process of planning and controlling the budget of a business or project, focusing on reducing expenses to improve profitability.

Internal Demand Analysis

The process of assessing the demand for a company's products or services within the company itself, often for budgeting or planning purposes.