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serious [3.7K]
3 years ago
14

Which of the following describes a system in which suppliers deliver materials at the time they are needed and finished units ar

e completed when customer orders need to be filled?
(A) Total quality management
(B) Enterprise resource planning
(C) Just in time management
(D) Supply chain management
Business
1 answer:
Elis [28]3 years ago
8 0

Answer:

Letter C is correct. <u>Just in time management.</u>

Explanation:

The just in time management system corresponds to a system whose focus is the elimination of waste in organizational processes, so its fundamental principle is lean production according to demand, so that there is greater speed and there is no stock formation and so that the product reaches the consumer in the right place at the right time.

This management system is very advantageous because it promotes the continuous improvement of organizational processes, in addition to reducing losses resulting from waste, which generates several benefits for a company, such as increasing the speed of the production process and reducing inventory costs, which generates a positive consequence in the entire production chain.

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A researcher is testing a new painkiller that claims to relieve pain in less than 15 minutes, on average. a. State the hypothese
zmey [24]

Answer:

a. H0 : U ≥ 15

   Ha : U < 15

b. Type I error is incorrectly conclude that the pain is reduced in less than 15 minutes.

c. Type II error is fail to conclude that time for pain reduction is less than 15 mints when actually its less than 15 minutes.

Explanation:

Null hypothesis is a statement that is to be tested against the alternative hypothesis and then decision is taken whether to accept or reject the null hypothesis.

Type I error is one in which we reject a true null hypothesis.

Type II error is one in which we fail to reject the null hypothesis that is actually false.

6 0
4 years ago
Assume Joe Harry sells his 25 percent interest in Joe's S Corporation, to Tyrone on January 29. Using the specific identificatio
sergeinik [125]

Answer:

$65,000

Explanation:

Calculation to determine how much income does Joe Harry report if Joe's S Corporation, earned Using the specific identification allocation method

Using this formula

Income=Amount earned*Interest rate

Let plug in the formula

Income=$260,000 × 25%

Income= $65,000

Therefore Using the specific identification allocation method how much income does Joe Harry report if Joe's S Corporation, earned will be $65,000

5 0
3 years ago
The following information relates to the Magna Company for the upcoming year, based on 402,000 units. Amount Per Unit Sales $ 10
MAXImum [283]

Answer:

Ans. The operating profits will increased by $216,683.58 by increasing the sales by 66,000 units ( $1,049,400)

Explanation:

Hi, first we have to consider that Magna has sufficient capacity to handle this additional order, it means that its manufacturing overhead is not going to increase, in other words, our costs of goods sold, for the first 402,000 units are going to be $13/unit (COGS no manufacturing overhead)+ $1,360,000 of fixed manufacturing overhead.

We could do the same with the operating expenses, but there is no use for that since no additional operating expenses (as a whole) need to be added for this additional 66,000 units.

Before this additional 66k sale, this is what we have.

                                Unit

Amount                         402,000  

 

Sales                                 $26   $10,452,000  

COGS(no overhead)          $13   $5,072,000  

Fixes man overhead            $3           $1,360,000  

 

 

Gross Margin                             $10    $4,020,000  

 

Oper expenses                    $0.86     $346,300

Fixed Marketing expense    $0.29      $116,000

 

<em><u>Operating profit                             $3,557,700  </u></em>

<em><u></u></em>

Now, let´s see how it looks when we add this additional 66k units to the P&L statement.

  Unit

Amount                         468,000  

 

Sales                                 $26   $10,452,000

Sales( at $15.90)                     $15.9        $ 1,049,400

COGS(no overhead)          $13   $5,904,716  

Fixes man overhead            $3           $1,360,000  

 

 

Gross Margin                             $10    $4,236,684  

 

Oper expenses                    $0.86     $346,300

Fixed Marketing expense    $0.29      $116,000

 

<em><u>Operating profit                             $3,774,383</u></em>

<em><u></u></em>

Therefore, the company´s operating profits will increase in $216,683.58

($3,774,383.58  - $3,557,700).

Best of luck.

4 0
4 years ago
Float is important in the cash conversion cycle of a firm because​ ________. A. its presence reduces the investment that a firm
Bad White [126]

Answer:

Option D. Its presence lengthens both a firm's average collection period and its average payment period

Explanation:

The increase in the float, increases the investment in the working capital so the Option A is incorrect

The reason is that it is the time period from the time the cash was deposited in the company's account to the time its was credited due to the payment to the vendors. If the floating time is increased then the collection period and payment period are increased which is the option D and is totally opposite to option B and C.

3 0
3 years ago
your parents spent $7,800 to buy 200 shares of stock in a new company 12 years ago. the stock has appreciated 14.6 percent per y
maw [93]

Based on the information the current value of those 200 shares is $40,023.03.

Using this formula

Future value=Principal(1+rate)^Time

Where:

Principal=$7,800

Rate=14.6% or .145

Time =12 years

Let plug in the formula

Future value=$7,800 × (1 + .146)^12

Future value=$7,800×(1.146)^12

Future value=$7,800×5.131159

Future value= $40,023.03

Inconclusion the current value of those 200 shares is $40,023.03.

Learn more here:

brainly.com/question/24131921

4 0
3 years ago
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