Answer:
Just-in-time inventory method
Explanation:
Just-in-time inventory method accurately forecasts demand for a good or service, so that it requests only for inventory it uses in production process. This method is aimed at reducing inventory storage cost and other expenses associated with having excess inventory on hand.
This method results in smooth operation at reduced cost. To be successful the business must accurately predict demand, and react fast to meet supply obligations.
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Answer:
The journal entries to record both transactions should be:
February 1, 2018, repurchase of 1,000 stocks at $47
Dr Treasury stocks 47,000
Cr Cash 47,000
April 10, 2019, treasury stocks were sold at $50
Dr Cash 50,000
Cr Treasury stocks 47,000
Cr Additional paid in capital 3,000
Treasury stocks account is a contra equity account with a debit balance that reduces the value of total stockholders' equity.
Answer:
A decision-making grid helps you to analyze what you gain and what you lose whenever you make choices. Refer to the following decision grade that analyzes the potential choices of attending basketball practice and working at an after-school job.
Explanation:
Decision-making grid:
Before constructing a decision-making grid, lets assume that the Mr. A chose to work an after-school job, so the benefits are associated with his choice whereas the opportunity cost represents the choice he could have chose i.e. attending basketball practice
Choice Benefits Opportunity Cost
One hour at Job Afford to pay his tuition fees Learn a new skill
Two hours at Job Afford a gaming console Able to achieve req.fitness
Three hours at Job Afford to buy bike Make to the team's bench
Four hours at Job Afford a good college Make to the starting lineup
Five Hours at Job Afford a car A regular with good performances
Answer: Production possibilities curve shows various combinations of consumer and capital goods that are produced with given resources.
