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
eduard
3 years ago
14

Which of the following statements is true of​ just-in-time (JIT)​ purchasing? A. Only disadvantage of JIT purchasing is the high

er level carrying and inspection costs. B. In JIT​ purchasing, raw materials​ (or goods) are purchased so that products are delivered just as needed for production or sales. C. JIT purchasing is guided solely by the EOQ model because that model emphasizes the tradeoff between relevant carrying and ordering costs. D. In JIT​ purchasing, the optimal​ safety-stock level is the quantity of safety stock that minimizes the sum of annual relevant stockout and carrying costs.
Business
1 answer:
m_a_m_a [10]3 years ago
8 0

Answer:

B. In JIT​ purchasing, raw materials​ (or goods) are purchased so that products are delivered just as needed for production or sales.

Explanation:

JIT stands for Just in time management.  It is an inventory management approach that advocates for the purchase of materials just when they are needed for production. In JIT, there is no storing of materials for use for future production. The purchase of materials is aligned with the production process.

The success of JIT is dependent on management ability to forecast sales volumes accurately.  Management must work with reliable suppliers to ensure that materials are available when required. JIT lower's the cost of inventory management by eliminating the need to store huge quantities of materials. It reduces wastage by doing away with losses that arise due to the storage of bulk materials.

You might be interested in
​rajon is trying to decide between majoring in psychology and majoring in economics. he considers the intensity of each major si
jeyben [28]

Rajon has employed a utility theory of which a person has decided and targeted his or her preference in life as it is seen on Rajon’s actions as he tries to determine the course he would take of which is beneficial for him in the future which are considered to be his preference in his life. It is also a way of having people rank choices and which would be of preference or priorities in their life. It can be illustrated on Rajon’s actions as he tries to take up choices of which is best and which are his priorities in relation his field and job after he graduated in his school.

5 0
2 years ago
Perdue Company purchased equipment on October 1 for $55,060. The equipment was expected to have a useful life of three years, or
zhenek [66]

Answer:

$13,300 for each of the four years

Unit of output

$9800

$18900

$16100

$8400

double declining

27530

13765

6882.5

3441.25

Explanation:

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

( $55,060 - $1,860) / 4 = $13,300 each year

Activity method based on hours worked = (hours worked that year / total hours of the machine) x  (Cost of asset - Salvage value)

( $55,060 - $1,860) / 7600 = 7

year 1 = 7 x 1400 = 9800

year 2 = 7 x 2700 = $18900

year 3 = 7 x 2300 = $16100

year 4 = 7 x 1200 = $8400

Depreciation expense using the double declining method = Depreciation factor x cost of the asset

Depreciation factor = 2 x (1/useful life) = 2/4 = 0.5

Year 1 = $55,060 x 0.5 = 27530

book value =  $55,060 - 27530 = 27530

year 2 = 27530 x 0.5 = 13765

book value = 27530 - 13765 =  13765

year 3 =  13765 x 0.5 = 6882.50

5 0
2 years ago
Sharon had some insider information about a corporate takeover. she unintentionally informed a friend, who immediately bought th
yawa3891 [41]

This is an example of insider trading, which is using private company data or information to make improper gains.

7 0
3 years ago
Why would an advocate of the efficient market hypothesis believe that even if many investorsexhibit the behavioral biases discus
Talja [164]

Answer and Explanation:

an Advocate of EMH believes that investor are kin to analyze and uncover any new information which may generate greater returns on the investment. also for that purpose they are willing to spend time and resourses.

it acts as an incentive for them as they believe efficient pricing of security depends upon requirement of rigorously efficient market information.

6 0
3 years ago
Suppose that you have a choice of working during the summer or taking summer classes. Summer tuition and books are $2,000. If yo
Juliette [100K]
A.14,000 this is your answer
5 0
3 years ago
Other questions:
  • What is one of the advantages of buying an existing business
    7·1 answer
  • A sporting goods manufacturer budgets production of 45,000 pairs of ski boots in the first quarter and 30,000 pairs in the secon
    5·1 answer
  • Zachary Manufacturing Company has an opportunity to purchase some technologically advanced equipment that will reduce the compan
    13·2 answers
  • PLEASE ANSWER WITH 100% THE CORRECT ANSWER ASAP IF YOU DON'T KNOW THE ANSWER THEN DON'T ANSWER
    9·1 answer
  • Closing entries are Question 13 options: a. an optional step in the accounting cycle. b. posted to the ledger accounts from the
    11·1 answer
  • The Allowance for Doubtful Accounts account has a year-end credit balance, prior to adjustment of $500. The bad debts are estima
    9·1 answer
  • "when the number of units produced exceeds the number of units sold, net income under absorption costing will be:"
    12·1 answer
  • 16. List five benefits of therapeutic massage
    14·1 answer
  • Which best describes the similarity and differences between the Construction pathway and the Maintenance/Operations pathway?
    9·1 answer
  • You are bullish on Telecom stock. The current market price is $40 per share, and you have $8,000 of your own to invest. You borr
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!