Answer: Sales for the period is $6,100
Explanation:
1. The purchases for the period was posted into a wrong account which is supply expenses.
We have to adjust that entry by:
DR: Purchases. $4,800
CR: Supplies Exp. $4,800
Being wrong posting of purchases for the period.
2. Sales for the period:
Opening inventory $3,500
Purchases. $4,800
Closing Inventory. ($2,200)
Sales. $6,100
DR: Bank $6,100
CR: Sales. $6,100
Being sales for the month of july
Answer:
2.98 minutes per cycle
Explanation:
Total work time = 352 minutes per day
Break time = 16 min*3 = 48 min
Lunch time = 60 min
Total time left = 352 - 48 - 60 = 244 min
Demand = 82 jobs a day
Takt time = Total production time available/Demand
Takt time = 244/82
Takt time = 2.9756
Takt time = 2.98 minutes per cycle
Answer: Outsourcing
Explanation: In simple words, outsourcing refers to the process in which one firm in the industry transfers its operations to some other firm. The job transferred under outsourcing could have been performed by the transferring firm internally.
This transfer is done with objective of enhancing quality, reduction of cost, reduction of internal workload and sometimes all of these factors. In some outsourcing agreements the firms even interchange assets and technical knowledge.
There are certain advantages that the organization can understand from co-locating <span>purchasing personnel with internal customers</span>. The primary huge advantage is low expenses of task. In addition, the organization will give enhanced administrations to the organization since the organization will distribute to each customer a faculty in charge of giving them the administrations they require. This additionally has an arrangement of getting a great administration by the clients since they get customized treatments. The most noteworthy advantage related with this is the organization will improve its reputation and draw in various customers.