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3 years ago

What are the pros and cons of the JIT Strategy in company’s operation ?

Business

1 answer:

Fudgin [204]3 years ago

4 0

Answer:

Just-in-time (JIT) inventory systems started in Japan in the 1970s and spread to the U.S. about a decade later. JIT is an inventory-management system that aims to help businesses have just enough inventory readily available to meet current demand while avoiding excess. There are many pros and cons for a small business to consider before adopting a JIT system.

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Dividends paid to a company's own stockholders of $80,000 would be shown on the company's statement of cash flows prepared under

7nadin3 [17]

Answer: d. a deduction of $80,000 under financing activities.

Explanation:

Under the indirect method of showing cashflows, there are 3 sections being the Operating section, the investing section and the financing section.

The relevant section is the financing section. Financing activities are those transactions that relate to the business raising capital to fund their operations. They do this through long term debt and equity.

Dividends is a payment to shareholders and so falls under equity so by extension falls under the financing section. As dividends reduce the amount of money the company has, it is also a deduction.

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3 years ago

The ACT is a standardized test administered to high school students and used to determine college admissions. The test is offere

algol [13]

Answer:

Explanation:

Makes the most sense considering the scenario.

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2 years ago

Advertising is NOT a good way to find harmful information about a product because a. it is not endorsed by the government. b. th

leonid [27]

C. Only favorable information is likely to appear

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2 years ago

If a seller's agent or subagent has been informed of a latent defect in the property and the seller on the property disclosure s

Alexus [3.1K]

Answer:

The seller's agent is the correct answer.

Explanation:

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3 years ago

Sara’s Salsa Company produces its condiments in two types: Extra Fine for restaurant customers and Family Style for home use. Sa

Bogdan [553]

Answer:

Extra Fine= $26

Family Style= $12.98

Explanation:

First, we need to calculate the activities rate for each department and support:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Department 1:

Mixing= 4,500/1,500= $3 per machine hour

Cooking= 11,250/1,500= $7.5 per machine hour

Product testing= 112,500/600= $187.5 per batch

Department 2:

Machine calibration= 250,000/400= $625 per production run

Labeling= 12,000/120,000= $0.1 per cases of output

Defects= 6,000/120,000= $0.05 per cases of output

Support:

Recipe formulation= 90,000/45= $2,000 per focus group

Heat, lights, and water= 27,000/1,500= $18 per machine hour

Materials handling= 65,000/8= $8,125 per container types

Now, we can allocate overhead to each product:

Extra Fine:

Department 1:

Mixing= 3*500= $1,500

Cooking= 7.5*500= $3,750

Product testing= 187.5*200= $37,500

Department 2:

Machine calibration= 625*200= 125,000

Labeling= 0.1*20,000= 2,000

Defects= 0.05*20,000= 1,000

Support:

Recipe formulation= 2,000*30= 60,000

Heat, lights, and water= 18*500= 9,000

Materials handling= 8,125*5= 40,625

Total allocated overhead= $280,375

Unitary cost= 280,375/20,000= $14

Family Style:

Department 1:

Mixing= 3*1,000= $3,000

Cooking= 7.5*1,000= $7,500

Product testing= 187.5*400= $75,000

Department 2:

Machine calibration= 625*200= 125,000

Labeling= 0.1*100,000= 10,000

Defects= 0.05*20,000= 5,000

Support:

Recipe formulation= 2,000*15= 30,000

Heat, lights, and water= 18*1,000= 18,000

Materials handling= 8,125*3= 24,375

Total allocated overhead= $297,875

Unitary cost= 297,875/100,000= $2.98

Finally, the total unitary cost:

Extra Fine= 6 + 6 + 14= $26

Family Style= 5 + 5 + 2.98= $12.98

8 0

3 years ago