51.2 days in inventory ratio decrease as a result of the switch to the JIT system
Explanation:
Just in time (JIT) output is a process technique designed to reduce the processing cycles of production systems, as well as the reaction times of manufacturers and consumers. JIT production allows companies, while lowering costs, to manage variation in their operations.
Inventory turnover shall be calculated by the split price of products sold by average stock before days in inventory can also be determined.
Inventory turnover = 3.9 times ($624,000/160,000) in 2016 and
8.6 times ($688,000/80,000) in 2017.
Dividing 365 by stock days in every statistic results of 93.6 and 42.4 days, respectively, a decrease of 51.2 days.
Answer:
C. $ 13.31 per machine hour.
Explanation:
Standard variable manufacturing overhead allocation rate is calculated by dividing the Budgeted overhead by the Budgeted level of activity on which the overhead is allocated. It is a rate at which the overhead is allocated to a product / project/ department.
First we need to calculate the standard variable manufacturing overhead allocation rate using machine hours.
Standard variable manufacturing overhead allocation rate = Budgeted overheads / budgeted Machine hours
Standard variable manufacturing overhead allocation rate = $5,325 / 400 machine hours
Standard variable manufacturing overhead allocation rate = $13.3125 per machine hour
Standard variable manufacturing overhead allocation rate = $13.31 per machine hour
Answer: Easy to invoke and collect
Explanation:
To make claims on services and get paid can be a stressful journey sometimes. As most organization would require you provide much evidence for the claims you are making. What makes it more stressful is the number of organizations involved to make the claims a success, this is why most times they are not easy to invoke and reclaim. Most persons would rather bear the loss than go through the process. This is what Shelly has to consider while making her claim.
Answer:
The value of Liability is $15,993,281
Explanation:
Red Sun Rising Corp. is making annuity Payment of $1,100,000 for a period of 20 years. The value of this liability can be calculated by taking net present value of all future cashflows.
Present value of Annuity = P [ 1 - ( ( 1 + r )^-n ) / r ]
Present value of Annuity = $1,100,000 [ 1 - ( ( 1 + 3.25% )^-20 ) / 3.25% ]
Present value of Annuity = $1,100,000 [ 1 - ( ( 1 + 0.0325 )^-20 ) / 0.0325 ]
Present value of Annuity = $1,100,000 [ 1 - ( ( 1.0325 )^-20 ) / 0.0325 ]
Present value of Annuity = $15,993,280.76
Answer:
Intuition
Explanation:
Intuition -
It is a type of magical phenomenon , where the person is able to acquire knowledge without any conscious reasoning , is known as an intuition .
Intuition is a type of inner sensing , the ability of unconscious pattern - recognition .
hence , from the question , the dimension of intuition is shown in the question .