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
Olin [163]
3 years ago
14

Early in 2022, Stevenson Incorporated switched to a JIT (just-in-time) inventory system. Financial information for the two most

recent years is listed below: How many times did inventory turnover increase as a result of the switch to the JIT system?
Business
1 answer:
gregori [183]3 years ago
5 0

Answer:

3.8 times

Explanation:

Inventory turnover indicates how many times a company sells and replaces its stock of goods during a particular period. The formula for inventory turnover ratio is the cost of goods sold divided by the average inventory for the same period.

$ 320,000 / 63,000 = 5.1 times in 2022

$283,500 / 32,000 = 8.9 times in 2023

Therefore inventory turnover increase as a result of the switch to the JIT system by 8.9 times - 5.1 times = 3.8 times

You might be interested in
PLEASE HELP!!! What is the name for the highest amount a policyholder pays for deductibles, coinsurance, and co payments?
Maurinko [17]
C. Out-of-pocket maximum
4 0
3 years ago
List items exempted by bankruptcy (and their values)
saveliy_v [14]

Answer:Motor vehicles, up to a certain value.

Reasonably necessary clothing.

Reasonably necessary household goods and furnishings.

Household appliances.

Jewelry, up to a certain value.

Pensions.

A portion of equity in the debtor's home.

Explanation:

8 0
3 years ago
Natalie is using Monster and CareerBuilder in her job search. These sites are examples of ________.
lorasvet [3.4K]

Answer:

General purpose Job boards

Explanation:

A job board can be straightforwardly defines as a website where employers advertise job openings for job seekers

A general purpose job board as seen in the question can be defined as a website that offers job recruitment services in its entirety.

This means that both employees and employers use the site to search for and advertise job openings to job seekers respectively. Popular job boards include Glassdoor, Linkedin, etc.

Cheers.

3 0
4 years ago
Discounters like target and walmart use a(n) ________ strategy that suggests they offer the best quality for that price level
V125BC [204]
<span>Discounters like Target and Walmart use a price value strategy that suggests the offer the best quality for that particular price level. The price value strategy sets the primary price, but it is not an exclusive price, and is set according to the perceived value of products and services to the customers that shop there.</span>
5 0
3 years ago
Bottle bills, legislation that requires a deposit and then allows consumers to return bottles and cans to stores after use and r
lyudmila [28]
Hey there,
The answer to your question is -  <span>successful in reducing roadside waste and conserving materials.

Hope this helps :))

<em>~Top♥</em>
</span>
8 0
3 years ago
Other questions:
  • Wikipedia's engagement of readers and the public in developing content, with an emphasis on timeliness and the breadth of conten
    9·1 answer
  • Maas LLP developed software that helps farmers to plow their fields in a manner that prevents erosion and maximizes the effectiv
    11·1 answer
  • If a product is repaired under warranty, the seller would record a journal entry that includes a ________.a. debit to Product Wa
    10·1 answer
  • Inflation is skyrocketing, and prices are out of control. What are banks most likely to ask the Federal Reserve to do with regar
    6·2 answers
  • Question 6 Paige Company estimates that unit sales will be 11,100 in quarter 1, 12,300 in quarter 2, 14,500 in quarter 3, and 18
    11·1 answer
  • Seamus dropped out of school as a 16-year-old and needs to support himself, though he has few skills. He is a part-time employee
    13·1 answer
  • Careers in the Transportation and Logistics career cluster are
    14·1 answer
  • The current stock price of International Paper is $69 and the stock does not pay dividends. The instantaneous risk free rate of
    6·1 answer
  • What is a contingency management system theory
    15·1 answer
  • A partnership wishes to participate in a private placement as an accredited investor. To qualify, the partnership must have tota
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!