<span>With just in time production, these raw materials and component parts are now delivered to the producer exactly when they are needed.
Just-in-time (JIT) production is strategy used in manufacturing and production that focuses</span> to increase the production efficiency and decrease waste and <span>reduce inventory costs.</span>
Answer:
False
Explanation:
A deferred annuity is a contract that guarantees a regular income or lump sum payments at a future date. It is a popular and effective way to supplement one's income in retirement days. Insurance companies mostly offer deferred annuities. The insured pays their premiums now and opts to delay in collecting their benefits until some later years. Deferred annuities are also a way of making long term savings.
Answer:
It may be more expensive and time-consuming than using an intermediary
Explanation:
Direct selling makes it hard to reach new customers and also entails spending an extensive time in trying to convince prospective customers before sales is made. Sadly, in some situations, some prospects do not buy in on the intended product and thus, no sale is made and time wasted.
Answer:
$176,400
Explanation:
Step 1 : Cost of Sales calculation
inventory turnover ratio = Cost of sales ÷ average inventory
therefore,
Cost of sales = inventory turnover ratio x average inventory
= $126,000
Step 2 : Sales calculation
we know that :
Sales = Cost + Profit
140 % = 100 % + 40 %
therefore,
Sales = 140% / 100% x $126,000
= $176,400
thus,
net sales for the year is $176,400
