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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

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Answer:

control

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governance is the action or manner of governing.

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3 years ago
Other things the same, an increase in velocity means that a. the rate at which money changes hands falls, so the price level ris
lisov135 [29]

An increase in the velocity of the money refers to a situation when the rate of changing leads to hand rises and ultimately results in an increase in the price level, indicating an inflation.

<h3>What is velocity of money ?</h3>

Velocity of money refers to a method with the help of which the movement of the money in an economy can be measured. When the number of hands changing money increases, there is an economic growth.

So, option C; states that there is an increase in the velocity of money when the rate at which money changes hands rises, the price level also increases.

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7 0
2 years ago
The infographic suggests making small payments on your student loans even before they’re due, yet that won’t automatically get y
dem82 [27]

The benefit that a student can obtain by paying off his student loan before the due date is that his debt is diminishing.

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A student loan is an aid offered by some public and private entities to those students who are going to start their university studies to lend them the money that their degree is worth.

These entities then establish fees that the student must pay from time to time. However, several of these entities charge interest and other percentages for lending this money to students.

<h3>What is the benefit of making small advance payments? </h3>

The benefit of paying in advance is that the student will pay off his loan more quickly, which will free him/her from paying higher interest in the future.

Note: This question is incomplete because the infographic is missing. However I can answer it based on my prior knowledge.

Learn more about infographics in: brainly.com/question/14267721

7 0
3 years ago
Kathy purchased a $2,000 digital TV from Young's Appliances. She will make 12 equal payments over the next year to pay for it. S
Elan Coil [88]

Answer:

A. closed-end credit

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3 0
3 years ago
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arsen [322]

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<span>·         </span>the court orders it to be dissolved;

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7 0
3 years ago
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