Answer:
True.
Explanation:
Under a just-in-time inventory system, a company can reduce the amount of working capital it needs to finance inventory, freeing capital for other uses and/or lowering the total capital requirements of the enterprise.
In Business management, Just-in-time (JIT) is an inventory management method used by a company wherein goods, products, components, and labor are made available exactly when needed or just few hours before they are needed in the production process.
Basically, It is an inventory management system that companies use to reduce wastage to the barest minimum, thereby, freeing capital for other uses and/or lowering the total capital requirements of the enterprise.
<em>Hence, just-in-time when used judiciously can help a company reduce the amount of working capital it needs to finance inventory management. </em>
Answer:
income summary 14,000 debit
Retained Earnings 14,000 credit
Explanation:
The last step in the closing prosess it to transfer the income summary account balance into retained earnings.
Income Sumary will be used to close the temporary accounts which are, dividends, revenues and expenses:
Income Sumary
<u>Debit Credit</u>
to close revenues 75,000
to close expenses 42,000
to close dividends 19,000
totals: <u>61,000 75,000</u>
Balance: 14,000
this is the amount to transfer into retained earnings.
Answer:
183,333.33 shares
Explanation:
The computation of the shares of stock need to be sold is shown below:
= Total amount required to expand its current operations ÷ subscription price
= $3,300,000 ÷ $18 per share
= 183,333.33 shares
This is the answer and the same is not provided in the given options
We simply divide the Total amount required to expand its current operations by the subscription price so that the accurate shares can come.
All other information which is given is not relevant. Hence, ignored it
Answer:
Direct material price variance
= (Standard price - Actual price) x Actual quantity purchased
= ($2.2 - $2.10) x 80,000 units
= $8,000 (F)
Actual price = <u>Actual material cost</u>
Actual quantity purchased
= <u>$168,000</u>
80,000 pounds
= $2.10
Direct material quantity variance
= (Standard quantity - Actual quantity used) x Standard price
= (77,500 - 80,000) x $2.20
= $5,500(A)
Standard quantity = 31 pounds x 2,500 planters = 77,500 pounds
Explanation:
Direct material price variance is the difference between standard price and actual price multiplied by actual quantity purchased. The actual price is obtained by dividing the actual cost of material by the actual quantity purchased.
Direct material usage variance is the difference between standard quantity and actual quantity used multiplied by standard price.
The standard quantity is obtained by multiplying the standard quantity for each planter multiplied by the number of planter produced.
Answer:
also double
Explanation:
To maintain the same purchasing power, if price doubles, nominal demand for money should double too.
For example, let us assume that the price of an apple is $2 And you purchase 10 apples every week. You pay $20. Price level now rises to $4. To be able to purchase the same quantity of Apples, you need to demand for $40. The nominal demand for money has also doubled.
I hope my answer helps you
