Answer:
journal entry for every date be below
Explanation:
solution
journal entry for every date is here
date particular Debit credit
June 5 Purchase Inventory ( 210× $21 ) $4410
to cash/bank $4410
( 210 inventory purchased at $21 each)
June 9 cash/bank A/c ( 30 × $21 ) $630
Purchases Returns (Inventory ) A/c $630
( 30 inventory return )
June 16 cash/bank A/c 210 -30 × ($37 ) $6660
Cost of good sold 210 -30 × ($21 ) $3780
sales A/c 210 -30 × ($37 ) $6660
inventory A/c 210 -30 × ($21 ) $3780
remaining inventory sold at $37
One of the huge benefits of just-in-time production is that the need for "time" is eliminated.
<h3>What is just-in-time production?</h3>
With just-in-time (JIT) manufacturing, products are produced as needed, rather than in excess or ahead of schedule.
Some characteristics of just-in-time are-
- With just-in-time (JIT) manufacturing, products are produced as needed, rather than just-in-time (JIT) inventory system is a management strategy that aligns raw-material orders from suppliers directly with production schedules in excess or ahead of schedule.
- Because Toyota, a vehicle manufacturer, introduced just-in-time manufacturing in the 1970s, the practise is often referred to as the Toyota Production System (TPS).
- To prevent work-in-process overcapacity, JIT is frequently used in conjunction with the scheduling technique known as kanban.
- The JIT production method depends on consistent output, excellent craftsmanship, no equipment failures, and trustworthy suppliers for its success.
- The JIT system is also known as short-cycle manufacturing (as used by Motorola) and continuous-flow manufacturing (as used by IBM).
To know more about just-in-time inventory management, here
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Answer:
B) discretionary income
Explanation:
Consumer discretionary income is defined as the income that consumers have after paying all their essential needs, e.g. food, rent or mortgage, utilities, etc.
Discretionary income is not equal to disposable income, since disposable income = gross income - taxes
Personal income = gross income, or total income before paying taxes
