Answer:
The answer is <u>"November 13".</u>
Explanation:
November 13 is the date from which credit period begins in the given scenario because credit period refers to the no. of days that a client is permitted to hold up or wait before paying a receipt or an invoice. It does not refer to the number of days that the client takes to pay an invoice.
Answer:
<u>Average total cost for 7000 staplers was= $2.43</u>
Explanation:
Total Cost=Fixed Cost +Variable Cost
Fixed Cost =$45000-$28000
Fixed Cost=$27000
Average total Cost= Fixed Cost/ Quantity
=17000/7000
=$2.43
Answer: Interest earned by the account.
Explanation: When a bank debits an account money is been removed from the account. This can either be as a result of: the account owner withdrawing from the account, a cheque paid to another person, bank service charges.
While when a bank credits an account money is added to the account. It can occur as a result of : money paid into an account, bank interest paid on accounts.
Therefore interest earned on an account is credited to the account holder.
Answer:
B. In JIT purchasing, raw materials (or goods) are purchased so that products are delivered just as needed for production or sales.
Explanation:
JIT stands for Just in time management. It is an inventory management approach that advocates for the purchase of materials just when they are needed for production. In JIT, there is no storing of materials for use for future production. The purchase of materials is aligned with the production process.
The success of JIT is dependent on management ability to forecast sales volumes accurately. Management must work with reliable suppliers to ensure that materials are available when required. JIT lower's the cost of inventory management by eliminating the need to store huge quantities of materials. It reduces wastage by doing away with losses that arise due to the storage of bulk materials.
