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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.

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Answer:

The correct answers are: greater​ than; less than.

Explanation:

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3 years ago
A manufacturer of DVD players has monthly fixed costs of $9500 and variable costs of $55 per unit for one particular model. The
Alla [95]

Answer:

(a) C(x) = 9500 + 55x

(b) R(x) = 90x

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All functions are measured in $.

Explanation:

The total revenue of an entity is a function of the number of units sold and the selling price per unit. The total cost is a function of the fixed cost and the variable cost (which is also a function of the units produced/sold). Profit is a function of sales and cost.

Given that monthly;

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variable costs = $55 per unit

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5 0
3 years ago
The 5 paragraph essay format allows for the detailed explanation of one supporting argument.
Setler79 [48]

Answer:

-True

Explanation:

The 5 paragraph essay helps detailing one supporting argument as it creates an structure as follows:

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3 years ago
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2 years ago
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Answer:

B. False.  It's called trade payables.

Explanation:

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2 years ago
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