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nordsb [41]
4 years ago
9

At the BMW plant in Spartanburg, South Carolina, rather than use a typical order-to-delivery process, it has suppliers deliver p

arts every four hours when the plant is in operation. BMW uses a ________ inventory control system.
Business
1 answer:
Bond [772]4 years ago
7 0

Answer: JIT

Explanation:

The JIT inventory control system is one of the type of management strategy that hold the sufficient inventories for maximize the demand of the market.

The JIT inventory control system is also known as time inventory as it overall reduce the inventory amount in the business.

The main purpose of using the JIT inventory control system is that it improve the quality and productivity. This system is the the most cost-effective technique for holing the stocks.      

Therefore, JIT is the correct answer.

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Swifty Company has just received the August 31, 2020, bank statement, which is summarized below.
OverLord2011 [107]

Answer:

A. Correct cash balance $15,396

Correct cash balance $15,396

B. Aug 31 2020

Dr Cash $1,436

Cr Notes receivable $1,381

Cr Interest revenue $55

Aug 31, 2020

Dr Bank service charges $28

Cr Cash $28

Aug 31, 2020

Dr Supplies expenses $18

Cr Cash $18

Explanation:

A. Preparation of a bank reconciliation dated August 31, 2020

Bank reconciliation

Balance as per bank statement august 31, 2020 11,170

Add Cash on hand $428

Add Deposit in transit $5,248

Less: Outstanding checks ($1,450)

Correct cash balance $15,396

Balance as per books august 31, 2020 (13,879+48,335-48,208) $14,006

Add: note and interest collected $1,436

Less:Bank service charges ($28)

Less Understated for supplies ($18)

($165+$147)

Correct cash balance $15,396

B. Preparation of the adjusting entries.

Aug 31 2020

Dr Cash $1,436

Cr Notes receivable $1,381

($1,436-$55)

Cr Interest revenue $55

Aug 31, 2020

Dr Bank service charges $28

Cr Cash $28

Aug 31, 2020

Dr Supplies expenses $18

Cr Cash $18

($165+$147)

5 0
3 years ago
A firm sells two products, Regular and Ultra. For every unit of Regular the firm sells, two units of Ultra are sold. The firm's
sladkih [1.3K]

Answer:

regular - 32,000

ultra - 64,000

Explanation:

Please find the remaining part of this question in the attached image

Breakeven quantity are the number of  units produced and sold at which net income is zero

Breakeven quantity = fixed cost / price – variable cost per unit

Contribution margin :

Regular = 22 - 8 = 14

Ultra = 25 - 8 = 17

weighted contribution margin = (1/3 x 14) + (2/3 x 17) = 16

Firms breakeven =  $1,536,000 / $16 = 96,000

Regular's breakeven = 1/3 x 96,000 = 32,000

Ultra's breakeven = 2/3 x 96,000 = 64,000

3 0
3 years ago
Your restaurant's revenue is $710,000, expenses total $890,000, and your total investment is $3 million. What is your return on
Vinvika [58]

Answer:

-180k

Explanation:

6 0
3 years ago
Universal Sports Supply began the year with an accounts receivable balance of $130,000 and a year-end balance of $150,000. Credi
Helen [10]

Answer:

The answer is 4.6

Explanation:

The formula for receivable turnover equals:

Net sales (credit sales) ÷ average accounts receivable

Average accounts receivable =

($130,000 + $150,000) ÷ 2

$280,000 ÷ 2

= $140,000

Therefore, receivables turnover ratio is

$645,000/$140,000

= 4.6

8 0
3 years ago
When a monopolistically competitive firm is in long-run equilibrium: select one:
cupoosta [38]
Normal profit is zero and price equals marginal cost.
6 0
4 years ago
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