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Wewaii [24]
3 years ago
15

2. Lori is a company that produces 1000 boxes per day recruiting 5 staff with overhead cost of 200 USD . Each worker’s shift is

10 hours per day. Lori management decides to used JIT strategy to increase production to a total of 1200 boxes per day
Business
1 answer:
s2008m [1.1K]3 years ago
4 0
 JIT strategy stands for Just-in-time. The JIT strategy is used to increase efficiency and decrease waste <span>by reducing inventory costs. </span><span>
The labor productivity before the JIT strategy was
= output / labor hours = 1000/(5*10) = 20 boxes per labor hour .
The labor productivity after JIT strategy was applied is: 
</span><span>= output / labor hours = 1200/(5*10) = 24 boxes per labor hour .</span>
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Answer with Explanation:

The Value-added salespersons are the one with better qualification, trainings, experience and have thorough understanding how the sales mechanism would better work in different circumstances and thus are far much better than the transaction salespeople. Furthermore, they are the one who knows what the customer is desiring and this helps them in adding value to their operations and product. Whereas transactional salesperson add very little value to sell the product because the customer knows about the product features and the presence of the transactional salesperson doesn't have any significant impact on the customer perception.

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4 years ago
g The dollar amount of sales needed to achieve a target income is computed by dividing the sum of fixed costs plus the target pr
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Answer:

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3 years ago
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5 0
2 years ago
The aggregate demand for good X is Q​ = 20 minus ​P, and the market price is P​ = $8. What is the maximum amount that consumers
bagirrra123 [75]

Answer:

so maximum amount that consumers are willing to pay for the quantity demanded at this​ price = $168

Explanation:

given data

Q​ = 20 - ​P

P​ = $8

to find out

maximum amount that consumers are willing to pay for the quantity demanded at this​ price

solution

we get here demand at current market price that is

Q = 20 - P

Q = 20 - 8

Q = 12

and Total expenditure incurred will be at at current market price will be

Total expenditure incurred  = Price × Quantity ..................1

Total expenditure incurred  = $8 × 12

Total expenditure incurred  = $96

and

we get price when Q = 0

Q = 20 - P  

P = 20

so now consumer surplus will be here as

consumer surplus = 0.5 × ( Price when(Q = 0) - Current market price) × Quantity ............................2

put her value we get

consumer surplus = 0.5 × ( 20 - 8 ) × 12

consumer surplus = $72

and

now we get maximum amount that is

maximum amount = Current expenditure + Consumer surplus  

maximum amount = $96 + $72

maximum amount = $168

so maximum amount that consumers are willing to pay for the quantity demanded at this​ price = $168

8 0
3 years ago
M13-9 Inferring Financial Information Using the Current Ratio [LO 13-4] Mystic Laboratories reported total assets of $10,500,000
zaharov [31]

Answer: $6,410,000

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Current liabilites = $6,410,000

I hope my answer helps you

7 0
3 years ago
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