Answer:
$73,500
Explanation:
Income tax payable = Book income before income tax*Tax rate
Income tax payable = $350,000*21%
Income tax payable = $73,500
Therefore, the amount of income tax payable that Smith should report in its December 31, 20X1, balance sheet is $73,500
Lean production demands
- high levels of quality at each stage of the process
- strong vendor relations
- fairly predictable demand for the end product
Lean production is a manufacturing technique aimed usually at decreasing instances in the manufacturing gadget as well as response times from suppliers and to customers. it's miles intently associated with another concept referred to as simply-in-time production.
Lean production is a manufacturing method focused on removing waste, in which waste is described as something that does not upload value for the consumer. despite the fact that Lean's history is manufacturing, it's miles applicable to all sorts of employer and all an organization's techniques.
Lean manufacturing improves efficiency, reduces waste, and will increase productivity. The benefits, therefore, are manifold: increased product best: stepped forward efficiency frees up personnel and assets for innovation and quality control that would have previously been wasted.
Learn more about Lean production here : brainly.com/question/14298317
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Answer:
A. Yes Yes
Explanation:FIFO(FIRST IN FIRST OUT) this is a terminology used in accounting, Quality assurance/Food safety and stock management to control the receiving and usage,transfer or sale of goods,raw materials,spare parts etc. It is aimed at ensuring that products are used or sold according to the time it was received.
It is a method of determining the arithmetic mean of a set of data,or the average weight of a set of materials because some of the data or materials weigh more than the other. It is applied in materials and stock management to ensure that proper stock value is obtained when valuing the total amount of materials or stock received.
A Common is my choice for this question. There are plenty of commercials advertising this.
