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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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Technological improvements have made it possible to do a restaurant’s food cost percentage in about _____________ of the time it
EleoNora [17]

Answer: One-third

Explanation:

The impact of technology in our everyday life cannot be understated. Technology has made life easier by simplifying our work lives and personal lives. In the restaurant industry, technological terms such as artificial intelligence, mobile apps, smart devices etc are now common in the industry.

Technology helps in making work easier. This can be noticeable in knowing the food cost percentage of a restaurant. Through technology, the food cost percentage of a restaurant can now be known in one third of the time used before technology came into place.

3 0
3 years ago
Read 2 more answers
You are scheduled to receive a $500 cash flow in one year, a $1,000 cash flow in two years, and pay an $800 payment in three yea
Sunny_sXe [5.5K]

Answer:

present value = $9320.06

Explanation:

given data

cash flow 1 year C1 = $500

cash flow 2 year C2 = $1000

pay 3 year C3  = $800

interest rates  r = 10 percent per year = 0.10

solution

we get here present value that is

present value = \frac{C1}{(1+r)} +\frac{C2}{(1+r)^2} +\frac{C3}{(1+r)^3}   ....................1

put here value and we will get

present value =  \frac{500}{(1+0.10)} +\frac{10000}{(1+0.10)^2} +\frac{800}{(1+0.10)^3}

present value = $9320.06

7 0
3 years ago
A weekly report for new agents at a vacation sales company is shown in the histogram. A histogram titled Vacation Packages has n
Natalija [7]

Answer:

6 salespersons

Explanation:

A histogram shows the graphical representation of the distribution of numerical data using bars of different lengths.

From the histogram:

The number of salespersons who sold 11 - 12 packages = 1

The number of salespersons who sold 13 - 14 packages = 2

The number of salespersons who sold 15 - 16 packages = 3

Therefore the new agents who sold more than 10 vacation packages = 1 + 2 + 3 = 6 salespersons

5 0
3 years ago
Read 2 more answers
Luebke Inc. has provided the following data for the month of November. The balance in the Finished Goods inventory account at th
Sliva [168]
D.
221,500 why? because thats the answer
3 0
3 years ago
Read 2 more answers
The percent change in multifactor productivity if Fok can reduce the energy bill by ​$1,000 per day without cutting production o
marishachu [46]

Answer:

The answer is "2.45%".

Explanation:

The answer of option c:

Reduce power by 950 dollars:

In this question it will need to once again take the latest energy cost for analytical hierarchical productivity.  

→ Total Input  = 400 \times  12+21000 \times 1 +(5000-950)+10000

                     = 4800 +21000 + (4050)+10000  \\\\                       = 25800+4050+10000 \\\\                       = 39850\\

Consumer rates  = \frac{1,000}{39,850}

                            =0.0250

Initial efficiency multi-factor= 0.0245

\to \text{percentage  changes} = \frac{\text{New Multi Factor Productivity - Previous Multi-Factor Productivity}}{\text{Originbal Multi-Factor Productivity}}  

                                   = \frac{(0.02450.0251)}{0.0245}\\\\ = 2.45 \ \  \%

3 0
3 years ago
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