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lions [1.4K]
4 years ago
12

Modern supply chains simultaneously pursue the goals of high-quality, fast response, and low cost because customers nowadays wan

t both high levels of quality and responsiveness. A key manufacturing philosophy that emphasizes waste elimination and minimizing inventories to expose problems is:
Business
2 answers:
kap26 [50]4 years ago
8 0

Answer:

A key manufacturing philosophy that emphasizes waste elimination and minimizing inventories to expose problems is Lean Manufacturing

Explanation:

Lean manufacturing is a methodology that focuses on minimizing waste within manufacturing systems while simultaneously maximizing productivity.

Lean is a methodology to reduce waste in a manufacturing system without sacrificing productivity. The customer defines what is of value in terms of what they would pay for the product or service. Through lean management, what adds value becomes clear by removing or reducing everything that doesn't add value.

It helps modern supply chains simultaneously pursue the goals of high-quality, fast response, and low cost by emphasizing waste elimination and minimizing inventories.

d1i1m1o1n [39]4 years ago
3 0

Answer:

Just -in-Time(JIT)

Explanation:

Just in time is a lean manufacturing approach through which Organisation manage inventory in such a way that the supplies are received just at the time it is required, just-in-time is one of the key strategies adopted by Toyota in Japan in order to enhance its Efficiency and ensure that it doesn't take the cost of storing inventories in its operations.

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Lorenzo Company applies overhead to jobs on the basis of direct materials cost. At year-end, the Work in Process Inventory accou
Sergio039 [100]

Answer and Explanation:

1. The computation of the predetermined overhead rate is shown below:

= Overhead applied ÷ direct material cost

= $846,000 ÷ $1,800,000

= 47%

2. The direct labor and overhead cost assigned to the job is shown below:

Total cost $89,000

Less: direct material cost $32,000

Less: overhead cost  $15,040 ($32,000 × 0.47)

Direct labor cost $41,960

7 0
3 years ago
Workers in europe get approximately ______ weeks of vacation a year, whereas workers in the united states average approximately
kupik [55]
In Europe, here are 22 paid vacation days and 13 paid when on holidays. Summing up, that could be a total of 4 weeks of vacation. While on the other hand, the United States as only 16 vacation days, both paid and unpaid, and that could be a total of around 2 weeks of vacation only.
5 0
3 years ago
All franchises must provide potential franchises their ______ 10 days before an agreement is signed. This document contains exte
kolbaska11 [484]

All franchises must provide potential franchises their FDD 10 days before an agreement is signed. This document contains extensive information about the company. FDD stands for Franchise Disclosure Document. This document provides information to prospective franchisees and helps them make good decisions.

3 0
3 years ago
Read 2 more answers
Hibiscus Co has a debt-equity ratio of 0.80. The firm is analyzing a new project which requires an initial cash outlay of $300,0
morpeh [17]

Answer:

$321,600

Explanation:

debt equity ratio = debt / equity

since the debt to equity is 0.8, that means that for every $ invested from equity, $0.80 will be borrowed. If the new project requires an initial cash outlay of $300,000:

  • then $300,000 / $1.80 = $166,667 will be new equity
  • and $133,333 will be new debt

total cost of initial outlay including flotation costs = ($166,667 x 1.09) + ($133,333 x 1.0495) = $181,667 +  $139,933 = $321,600

flotation costs include all the costs associated with issuing new stocks or taking new debt.

8 0
4 years ago
Financial leverage:
s344n2d4d5 [400]

Answer:

Correct option is (5)

Explanation:

Financial leverage refers to including debt in the acquiring financial assets of the company. Source of funds includes a mix of equity and debt. The more the debt content, more is the company financially leveraged.

As proportion of debt increases, cost of equity increases as investors assume more risk. Volatility of stock increases so investors need to be compensated more for risk assumed by them. As such, their return increases.

5 0
3 years ago
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