Answer:
False ( "Large lot sizes" is not considered essential for JIT )
Explanation:
Just in time is an arrangement and alignment of raw material supply with the production process of the business. It minimizes the holding cost, lead time required for delivery of raw material, the setup times and sizes of orders.
The Large lot sizes is not a characteristics of JIT because it may requires the storage facility to place the large orders until used in production which might increase the holding cost.
So, Large Lot Sizes are not considered essential for a comprehensive JIT implementation.
The sectors are international, household, business, and government. The largest spending is consumption spending. That being said the answer would be household.
Answer:
Paul Hyatt is fully liable for all business debts
Explanation:
Unlimited liability in this scenario, means that Paul Hyatt is fully liable for all business debts. That is because unlimited liability is defined as the full legal responsibility that business owners and partners assume for all business debts, and since Paul Hyatt is a sole proprietor which means that he both owns and runs DeepCleans and there is no legal distinction between him and the business entity, then he is fully liable for debts and profits of DeepClean.
Answer:
3400
increase
Explanation:
the Herfindahl index is used to calculate the concentration of firms in an industry
The HHI is calculated by squaring the market share of each firm in the industry.
40² + 30² + 30² = 3400
If one of the firms leaves the industry, the industry becomes more concentrated and the HHI index would increase
Answer: $119,000
Explanation:
Given that,
Beginning Ending
Raw materials inventory = $ 55,000 $ 58,000
Finished goods = $66,000 $58,000
Raw materials used in manufacturing during the year = $116,000
Raw materials purchased during the year:
= Ending Raw materials + Raw materials used - beginning raw material
= $ 58,000 + $116,000 - $ 55,000
= $119,000
