Answer: 18 minutes
Step-by-step explanation:
Plan one: 23.99
Plan two: 17.99+(0.35x). X equals charge per minute at night and weekends.
We can subtract our main payment plans that don’t include variables, 23.99-17.99=6. We can then divide by our constant... 6/0.35 to get 17.14... minutes. so we can round up to 18 mins.
To make sure we are correct we can do,
17.99+(0.35)(18) to get 24.29 which is greater than 23.99.
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The net benefit to The Knot if it adopts JIT production at the Spartanburg plant is $200000.
<h3>How to illustrate the information?</h3>
Based on the information given, the net benefit will be:
= $1,000,000 × (1 - 80%)
= $1,000,000 × 0.2
= $200,000
The nonfinancial and qualatative factors that The Knot should consider when making the decision to adopt JIT production are:
- Development of a detailed system.
- Willingness of suppliers to deliver smaller and more frequent orders.
- Skill level of workers should be enhanced.
The benefit of The Knot implementing an enterprise resource planning (ERP) system is that it gives access to operating information in response to the supply.
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