1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
madam [21]
3 years ago
15

Levenworth Company incurs unnecessary costs each period because of the excess quantities of inventory maintained to meet unexpec

ted customer demand. The costs of inventory financing, storage, supervision, and obsolescence could most likely be reduced by which of the following practices?
A. Total quality management
B .Activity-based costing
C. Just-in-time inventory
D. Benchmarking
Business
1 answer:
Anon25 [30]3 years ago
8 0

Answer:

The correct answer is C

Explanation:

JIT termed or stand for the Just in Time Inventory, it is a strategy or the plan of action, which is to increase the efficiency and decrease the waste through receiving the goods only as they are required in the process of the production, thereby decreasing the inventory costs.

So, the costs of the obsolescence, inventory financing and storage supervision could be decreased through the practice of the JIT (Just-in-time inventory).

You might be interested in
Firm a is a new producer in the market for good​ x, which is characterized by linear demand and supply curves.​ initially, to at
Sladkaya [172]
I believe the information above is best supported by; the fact that producer surplus will increase if the price rises from $ 8 per unit to $10. This is due to the fact that there is a shortage in the market therefore demand will increase, this results to customers wanting to buy at a higher price than the initial cost, to satisfy their demand and need
7 0
3 years ago
The supply of aged cheddar cheese is inelastic, and the supply of flour is elastic. Both goods are considered to be normal goods
KiRa [710]
Hey bro hey how are you doing I hope you
4 0
3 years ago
On May 3, 2020, Cheyenne Company consigned 90 freezers, costing $480 each, to Remmers Company. The cost of shipping the freezers
Viktor [21]

Answer and Explanation:

The computation is shown below;

a.

Inventory Unsold in Hand (90-45) 45

Unit cost Unsold (45 × 480) $21,600.00

Shipping cost on Unit Unsold (850 ÷ 90 × 45) $425.00

Value of Inventory (21600 + 425) $22,025.00

b.  

Sale value (45 × 780) $35,100.00

Less: Cost  

Unit cost Sold (21600+425) -$22,025.00

Comission of Consignee (35,100 × 6%) -$2,106.00

Advertising cost -$210.00

Installation cost -$330.00

Net Profit $10,429.00

c.  

Sale value (45 × 780) $35,100.00

Less: deduction made by consignee  

Comission of Consignee (35100 × 6%) -$2,106.00

Advertising cost -$210.00

Installation cost -$330.00

Net Remittance made by consignee $32,454.00

5 0
3 years ago
Which of the following statements illustrates a rent ceiling​? A. The interest on mortgage loans has gone up to 4.87 percent in
torisob [31]

Answer:

C. Bluestone Properties is permitted to charge a rent of​ $2,350 for​ 2-bedroom apartments that would rent for​ $2,500 in an unregulated market. 

Explanation:

Rent ceiling is a form of price control which is known as price ceiling.

A price ceiling is when the government or an agency of the government sets the maximum price for a good or service.

Rent ceiling increases consumer surplus and reduces Producer surplus.

Rent ceiling can lead to shortage of houses and emergence of black market.

Price ceiling is binding when it is set below equilibrium price.

I hope my answer helps you

3 0
2 years ago
While establishing an overall picture of process output over time, the team plots a chart based on the data available. The plott
kvv77 [185]

Answer: None of the answers

Explanation:

The options to the question are:

A) The control limits are too tight

(B) The control limits are acceptable

(C) The control limits are too loose

(D) None of the answers.

According to the seven run rule, a process is out of control in a control chart in a situation whereby there are seven consecutive data points that all fall on same side of mean. In such case an adjustment has to be made.

In the scenario in the question, none of the answers will be chosen because there has been a violation of the seven run rule as the answers provided are all incorrect.

5 0
3 years ago
Other questions:
  • A stock is currently selling for $75 per share. You could purchase a call with a strike price of $73 for $4. You could purchase
    15·1 answer
  • After firm A acquired firm B, it raised the prices for the goods produced by both firms. This can increase profits if those good
    10·1 answer
  • Bourdon Software has 11.8 percent coupon bonds on the market with 15 years to maturity. The bonds make semiannual payments and c
    13·1 answer
  • Capitalizing costs that should be expensed: a. is a practice mostly found in large, well-established companies. b. is a healthy
    5·1 answer
  • Economists group commercial​ banks, savings and loan​ associations, credit​ unions, mutual​ funds, mutual savings​ banks, insura
    5·1 answer
  • Where was the 2003 mercury sable wagon manufactured?
    12·1 answer
  • Kevin and Bob have owned and operated SOA as a C corporation for a number of years. When they formed the entity, Kevin and Bob e
    13·1 answer
  • On January 1, 2020, a customer purchased a new $29,400 automobile, making a downpayment of $840. The customer signed a note indi
    12·1 answer
  • Net capital outflow Select one: a. is always less than net exports. b. could be any of the above. c. is always greater than net
    11·1 answer
  • . If the Fed wishes to conduct expansionary monetary policy, it should (select one) a. Increase required reserve ratio b. Decrea
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!