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lbvjy [14]
3 years ago
8

Early in 2017, Thompson Company switched to a JIT (just-in-time) inventory system. Financial information for the two most recent

years is listed below: By how many days did the days in inventory ratio decrease as a result of the switch to the JIT system?
Business
1 answer:
Nina [5.8K]3 years ago
7 0

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.

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a company gives its employees monetary bonuses at the end of the company's fiscal year based on their contributions to the firm'
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Depending on how well they performed financially, employees of a media organization receive financial incentives at the conclusion of the fiscal year. This is a strategy for tying pay to performance metrics.

<h3>What connection exists between compensation and performance evaluations?</h3>

Performance reviews are helpful in evaluating employee compensation packages. Depending on how well an individual performs, their compensation package may include bonuses, increased hourly rates, additional benefits, and allowances.

<h3>Should pay be contingent on performance?</h3>

One of the best ways to encourage your workers to produce their best work and the behavior you want to see in them is to link performance to reward. Sales-based occupations in particular are frequently compensated using performance-based strategies.

<h3>What benefits do performance-based compensation programs offer?</h3>

When pay for performance is in place, poor performers may leave the company more frequently, but over time turnover dramatically decreases as pay rises and employee engagement rises. After the approach has been fully adopted, we usually notice a 50% decrease in turnover or more.

Learn more about performance-based compensation: brainly.com/question/14287686

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6 0
2 years ago
Why is it necessary to document a product explicitly?
Wittaler [7]
Hope this helps u!!! I’m am more than welcome to help u on Brainly.com! :)

7 0
4 years ago
John's T-shirt business uses the demand function P= -Q + 38 and the supply
GaryK [48]

The correct option is - B (16, 22)

Explanation:

<u>Given: </u>

Demand function = P = -Q +38

Supply function = P = Q – 6

<u>In order to find the equilibrium, the demand function must be equal to the supply function. </u>

Thus, putting the demand function equal to the supply function , we get,

Q – 6 = -Q + 38

Solving the above equations, Q = 22

Now, putting the value of Q in demand function in order to find out the value of P,

P = -22 + 38

P = 16

Thus, Option B is correct (16, 22)

3 0
3 years ago
Read 2 more answers
________ are the most affluent and brand conscious demographic segment in the united states.
lord [1]
Asian Americans are the most affluent and brand conscious demographic segment in the U.S. The older portion of the Asian American segment have more disposable income and are also likely to very brand conscious. As an overall group, they are inclined to using this disposable income towards purchasing entertainment goods and services, as well as goods and services associated with health care, travel and financial industry.
8 0
3 years ago
Cindy, who is self-employed, maintains an office in her home that comprises 24% (290 square feet) of total floor space. Gross in
ZanzabumX [31]

Answer:

The correct answer for regular method is $2,514 and for simplified method is $1,450.

Explanation:

According to the scenario, the computation of the given data are as follows:

Regular Method:

Total home deduction = ( Real property taxes × 24%) + ( Interest on mortgage × 24%) + (Operating expenses × 24%) + ( Depreciation )

So, by putting the value, we get

Total home deduction = ( $2,400 × 24%) + ( $4,000 × 24%) + ($2,200 × 24%) + ( $450 )

= $576 + $960 + $528 + $450

= $2,514

Simplified Method:

According to simplified method, the maximum deduction per square ft. can be $5.

So, Home deduction = $5 × 290 Sq. ft.

= $1,450.

6 0
4 years ago
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