One of the huge benefits of just-in-time production is that the need for "time" is eliminated.
<h3>What is just-in-time production?</h3>
With just-in-time (JIT) manufacturing, products are produced as needed, rather than in excess or ahead of schedule.
Some characteristics of just-in-time are-
- With just-in-time (JIT) manufacturing, products are produced as needed, rather than just-in-time (JIT) inventory system is a management strategy that aligns raw-material orders from suppliers directly with production schedules in excess or ahead of schedule.
- Because Toyota, a vehicle manufacturer, introduced just-in-time manufacturing in the 1970s, the practise is often referred to as the Toyota Production System (TPS).
- To prevent work-in-process overcapacity, JIT is frequently used in conjunction with the scheduling technique known as kanban.
- The JIT production method depends on consistent output, excellent craftsmanship, no equipment failures, and trustworthy suppliers for its success.
- The JIT system is also known as short-cycle manufacturing (as used by Motorola) and continuous-flow manufacturing (as used by IBM).
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Answer:
An increase in mortgage interest rates.- D.
Answer:
increases as more people use them.
Explanation:
Network economics refers to a business that uses network effect. It is also called Netromix. The value of a good is increased as the number of buyers increases.
The business will benefit from feedback received by customers that use their products.
For example online services like LinkedIn and Twitter benefit from this type of framework. The more users that use these software th more the business gains.
Answer:
The cost of opportunity is 4 pancakes.
Explanation:
The cost of opportunity is by definition the amount of things you don't do or buy, because of choosing doing or buying something else. In this case, Maria can make:
This means that at every moment, she can choose to make or 8 pancakes or 2 waffles, but not both. If we continue with this logic, in the time she could make 1 waffle, she could have chosen to make 4 pancakes. This is her cost of opportunity.
Answer:
The firm paid $630000 dividends in 2019
Explanation:
Retained earnings is the amount of net income that is not distributed to stockholders and is ploughed back into the business. It is a capital reserve account and appears in the equity section of the Balance Sheet. To determine the amount of Dividends, we will trace the change in Retained earnings and deduct the increase in retained earnings amount from the Net Income to arrive at dividends for the year.
Increase in Retained earnings = 4000000 - 3700000 = $300000
Thus, out of the Net Income of $930000 earned in 2019, $300000 was transferred to retained earnings. The remaining was paid as dividends.
The dividends in 2019 are = 930000 - 300000 = $630000
