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4 years ago

The ultimate goal of JIT is to have:__________.

Business

1 answer:

sineoko [7]4 years ago

8 0

Answer:

The correct answer is (A)

Explanation:

JIT stands for just in time; it is a process which is used to handle and coordinate the inventory management. The main goal is to handle the inventory efficiently to improve the flow of the system in a timely manner and to eliminate discrepancies in the inventory management system. Overall, it helps to eliminate the disruption and to make the system flexible and smooth.

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On September 30, 2021, Athens Software began developing a software program to shield personal computers from malware and spyware

xxMikexx [17]

Answer:

1. Prepare the journal entries to record the development costs in 2021 and 2022. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

December 31, 2021

Dr Research and development expenses 2,300,000

Cr Cash 2,300,000

February 28, 2022

Dr Research and development expenses 900,000

Cr Cash 900,000

April 30, 2022

Dr Software development 500,000

Cr Cash 500,000

2. Calculate the required amortization for 2022. (Enter your answer in whole dollars.)

$66,667 (8 months, from May to December)

Explanation:

development costs:

September 30, 2021 to December 31, 2021 = $2,300,000

January 1, 2022 to February 28, 2022 = $900,000

R&D costs that must be expensed = $3,200,000

R&D costs that can be capitalized (after technological feasibility is obtained) = $500,000

Software developing companies can capitalize costs incurred after technological feasibility but before the software is launched.

Capitalized costs can be amortized over 60 months:

$500,000 x 8/60 = $66,666.67

6 0

3 years ago

The result of the increase in the rate of change in the business environment from causes such as natural disasters and global co

Anettt [7]

Answer:

The correct answer is: change more quickly than ever before.

Explanation:

Changes appear in the world day by day faster. In the business field, the ability to adapt has become a competitive advantage for firms because the capacity they have to face different scenarios such as the implementation of new technology, political stress or natural disasters has gotten more importance. If companies want to survive these situations, they have to come up with a contingency plan.

4 0

4 years ago

Ma Barker Company has a job-order costing system and uses a predetermined overhead rate based on direct labor-hours to apply man

Sophie [7]

Answer:

Job 334 total cost: $ 8,400

Unit cost: 8,400 / 200 = $ 42

Explanation:

Total cost: Material + Labor + Overhead

Material: 5,000

Labor: 2,400

Overhead:

$\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate$

We distribute the expected cost over the expected base:

expected cost: 100,000

cost driver: 40,000 labor hours

cost per hour: 100,000 / 40,000 = 2.5 predetermined overhead

Now we multiply this rate by the hours of the job to know Applied Overhead:

job labor hours x overhead rate:

Job #334 had 2,400 labor cost / $6 rate per hour = 400 hours

400 x 2.5 = 1,000

Total cost: 5,000 + 2,400 + 1,000 = 8,400

7 0

3 years ago

SELECT ALL THAT APPLY

chubhunter [2.5K]

income tax

traffic tickets

8 0

3 years ago

Read 2 more answers

If an account has a credit balance it means

Brums [2.3K]

Answer:

If the total of your credits exceeds the amount you owe, your statement shows a credit balance. This is money the card issuer owes you. You can call your card issuer and arrange to have a check sent to you in the amount of the credit balance.

Explanation:

Hope this help!!

6 0

2 years ago