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fomenos
3 years ago
6

George manages inventory for a company. The company has been struggling to reduce production costs in all departments for severa

l months. What inventory management technique can George adopt to reduce storage costs without affecting the production flow?
Business
1 answer:
Liula [17]3 years ago
7 0

Answer:

The Just-in-time( JIT) inventory management

Explanation:

The Just-in-time( JIT) inventory management approach seeks to increase efficiency in the stock management process. JIT achieves efficiency by reducing the cost of holding stocks and eliminating wastage associated with keeping a high volume of inventory.  Under JIT, materials are ordered when they are required for production. The business does hold stocks or will have minimal quantities in the stores.

George can adopt the just-in-time system in his place of work. His cost of holding stock will reduce as materials will be purchased to meet the current production requirements.  Market demand  determine production. It means there will be no storage of a high volume of finished goods, which ties up a lot of capital.

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If the sale price per unit is $75, variable expenses per unit are $40, target operating income is $22,000, and total fixed expen
Novay_Z [31]

Answer:

1,100 units

Explanation:

The computation of the units sales to achieve target operating income is shown below:

Unit sales is

= (Fixed expenses + target operating income) ÷ (contribution margin per unit)

= ($16,500 + $22,000) ÷ ($75 - $40)

= ($38,500) ÷ ($35)

= 1,100 units

We simply applied the above formula so that the correct value could come

And, the same is to be considered

3 0
3 years ago
Which of the following best exemplifies a contingency that is reported in the notes to the financial statements?
timurjin [86]

Answer:

The correct answer is letter "C": Estimated loss from an ongoing lawsuit.

Explanation:

A contingent liability is an amount that will need to be charged in the future but there are still outstanding problems that only make it a possibility. Litigation and the threat of litigation are the most common contingent liabilities, but this category also includes product warranties. If they are probable and the sum can be calculated, contingent liabilities must be reported on the company's Balance Sheet.

6 0
4 years ago
Efficiency-wage theory suggests that paying: a) high wages might be profitable because they lower the efficiency of a firm’s wor
Alona [7]

Answer: b - high wages might be profitable because they raise the efficiency of a firm’s workers

Explanation:

The efficiency wage theory suggests that increasing wages increases labour productivity which can increase profitability of the firm.

High wages increases the retention rate of labour and their productivity.

7 0
3 years ago
A firm's good reputation for quality customer service is categorized as its _____
Inga [223]
The answer for this question is: Intangible resource
Intangible resource is a type of resource owned by a company that cannot be measured by number and do not have physical form.
Another example for an intangible resource is: employee's loyalty, Human Development within the company,  employee's motivation, etc.
8 0
3 years ago
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Cloud [144]
I had to look for the options and here is my answer:

What you would do if you prefer to leverage the pervasive nature of the web in order to present the difference of your product is enable individual customization of the product by the consumers. (This answer is based on the actual options attached to this question.)
6 0
3 years ago
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