What inventory management procedure helps a firm to control inventory costs?.

Answers

Answer 1

Just-in-time (JIT) inventory management is the procedure which helps a firm to control inventory costs.

What is Inventory?

These are the goods and services which a company hold for the purpose of resale or production.

Just-in-time (JIT) inventory management helps companies to control inventory costs because raw materials are supplied according to production schedule thereby reducing risks such as dead stock etc.

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Answer 2

Answer:Implementing a just-in-time Inventory control Method.

Explanation:


Related Questions

20 points, please help will mark brainlist

Read the scenario, and then answer the following question.

You were hired by an organic restaurant. The business was opened thirty years ago by a couple who turned their health around by eating fresh foods that are minimally processed. They are considering a new menu item, which is a fruit that naturally grows in another country. They determine that it will cost about the same to import the item from the foreign grower as it does to obtain a vegetable that is grown locally. The fruit is ethically sourced and has a high level of antioxidants and necessary vitamins.

Assume you are in charge of product screening. Discuss whether or not the restaurant should add this item to their menu. Use details to support your answer.

Tyia

Answers

Answer:

They should because healthy food's turned their health around by eating fresh.

Explanation:

Answer:

They should add more fruits because it will give more nutrients

Blanchard Corporation issued a 1-year, 9%, $150,000 note payable on April 30, 2022. Interest expense for the year ended December 31, 2021, is $8,000. $9,000. $12,000. $6,000.

Answers

The interest expense for the year ended December 31, 2021, for Blanchard Corporation is b) $9,000.

How is interest expense computed?

Interest expense is prorated.  Since Blanchard Corporation issued the notes on April 30, the interest expense for the year will not be for 12 months but only 8 months (May to December).

Data and Calculations:

Note payable = $150,000

Interest rate = 9%

Period of note = 1 year

Date of issuance = April 30, 2020

Interest expense at December 31, 2021 = $9,000 ($150,000 x 9% x 8/12)

Thus, the interest expense for the year ended December 31, 2021 is b) $9,000.

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Which nims management characteristic helps to eliminate?.

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Answer:

Chain of command and unity of command help to ensure clear reporting relationships exist and eliminate the confusion caused by multiple, conflicting directives. Incident managers at all levels must be able to control the actions of all personnel under their supervision.

If a price floor is not binding, then a. the equilibrium price is above the price floor. b. there will be a surplus in the market. c. the equilibrium price is below the price floor. d. there will be a shortage in the market.

Answers

When a price floor is not binding, the equilibrium price is above the price floor.

What is a price floor?

A price floor is when the government or an agency of the government sets the minimum price of a good or service. It is binding when the price floor is set above equilibrium price. It is nonbinding when it is set below equilibrium price.

Equilibrium price is the price at which quantity demanded is equal to quantity suppled. Price floor is usually set for agricultural goods.

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Grace owns a dog-walking business that she started in high school. Her first goal was to earn money after school and supplement her allowance. Now that she has finished college and maintains a long client list, she plans to run the business full time. She keeps all the profits and has kept things simple by relying on word-of-mouth to obtain new clients. Grace's business is a(n):_____.

Answers

The type of Grace's business is a sole proprietorship.

What is sole proprietorship?

A sole proprietorship is known to be the most easiest and most common type of  business to start.

It is known to be a form of unincorporated business that is often owned and run by one person with no distinction between the business and the person, which is the owner.

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Sinking funds are attractive to both issuing firms and investors because ______. (Select all that apply)

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Sinking funds are attractive to both issuing firms and investors because:

They give an orderly repayment of a bond issueThey aid the market price of the bond due to the fact that they lower the risk the bond will not be repaid.They lower the risk the bond will not be repaid.

What Is a Sinking Fund?

A sinking fund is known to be a type of  fund that has money set aside or that has been saved to pay off a kind of debt or bond.

A firm that gives debt will be required to pay that debt off in the future, and the sinking fund is one that helps to reduce the hardship of a large kind of revenue.

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Answer:

they support the market price of the bond because they reduce the risk the bond will not be repaid

they provide for an orderly repayment of a bond issue

they reduce the risk the bond will not be repaid

Explanation:

what is the options bar known as

Answers

Option Bar is also known as TOOL PANEL.

Suppose the government wanted to develop a national high-speed rail network. The federal government supplies states with the money to do so but imposes very strict laws on how it will be spent. This type of funding is most likely to come from

Answers

This type of funding is most likely to come from a categorical grant. The money that the federal government gives to states and local organizations is referred to as a category grant. Project grants and formula grants are the main methods used to do this.

Grants with specific categories include those for Head Start, Medicaid, and food stamp programs. They describe the purposes for which the money is to be used and give funds for particular government agencies or initiatives.

Project grants, formula grants, formula-project grants, and open-reimbursement grants are a few examples of categorical grants. Grants with open-reimbursement arrangements are made after the fact and reimbursed for expenses, as with Medicaid.

Formula grants are determined by a mathematical formula depending on the population of a state and other variables. Grant money earmarked specifically for projects or categories is known as a project grant.

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Pineapple whip, a company that makes an ice cream-like treat using pineapple, sells its branding, production techniques, and proprietary flavors to other companies for a fee and a share of the profits. Pineapple whip is engaged in:.

Answers

In this context, the Pineapple whip is engaged in a business arrangement called Franchising.

What is Franchising?

Franchising is a business arrangement where the franchisor (one party) grants some rights and authorities to the franchisee.

In this case, the , the franchisee will pays a fee to the franchisor because he is using the business's success, trademarks, proprietary knowledge etc.

In conclusion, the the Pineapple whip is engaged in a business arrangement called Franchising.

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Nour's organization buys raw materials from all over the world, and in turn, sells finished goods world-wide. What type of organization does Nour run?

Answers

There are a lot of firms. Organizational buyers is the type of organization that Nour run.

What is Organizational buyers?

Organizational buyers are known to be people or firm that often buy direct from the manufacturers of products  as at the time when the products are complex and said to be expensive pieces of equipment that needs custom design and installation.

Note that the organizational buyer often purchases in a lot of large volumes of goods to sell to others.

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If a buyer has an almost unlimited selection of products that are very difficult to differentiate between, this represents.

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Consumer choice occurs when a buyer has an almost unlimited selection of products that are very difficult to differentiate between.

What is Consumer Choice

Consumer choice refers to the aspect of microeconomics  that deals with the decisions  consumers make with regard to products and services.

     This involves how consumers decide which products to purchase or consume over time.

Factors affecting Consumer Choice

Psychological FactorsSocial Factors.Cultural factorsPersonal FactorsEconomic Factors

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Ray Sanchez began as a junior sales rep at industrial products maker DECA Corporation 10 years ago, and has worked his way up steadily to Senior Regional Sales Director for the entire Southwest region. He is good at his job, and his greatest personal satisfaction-also the cause of his steady rise in the company-is his ability to understand customers and their needs and to sell them appropriate solutions. As a manager and now Senior Regional Director, Sanchez injects his department with this same commitment to understanding the customer's needs as the key to long-term, profitable sales relationships. Sanchez success is due largely to the fact that:_____________

Answers

Sanchez's success is due largely to the fact that: B) he understood the key factors involved in becoming an excellent salesperson and worked to develop skills to support those factors.

Who is a Salesperson?

A salesperson is an individual that sells solutions to people. An excellent salesperson is someone who understands the needs of the consumers and presents solutions to them.

Sanchez was able to progress in his work because he understood this principle of sales.

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In year 1, Casa Corp. has depreciation expense for income statement purposes of $20,000. The depreciation deduction on the tax return was $30,000. The enacted tax rate is 40%. Casa's pretax income for the year was $100,000, and its taxable income was $90,000. If this is the only difference between pretax income and taxable income, the journal entry to record tax expense for the year would include which of the following entries?
i. credit deferred tax liability of $36,000
ii. debit tax expense of $40,000
iii. credit deferred tax liability of $4,000
iv. credit taxes payable of $36,000
v. debit deferred tax asset of $10,000

Answers

Based on the tax rate, the pretax income, and the taxable income the following entries should be recorded:

Credit deferred tax liability of $4,000. Debit tax expense of $40,000.Credit taxes payable of $36,000.

Why should these entries be made?

The entire tax will be debited to the tax expense account which is:

= 100,000 x 40%

= $40,000

The taxes payable however, will be based on taxable income:

= 90,000 x 40%
= $36,000

The deferred tax liability will be the difference between tax expense and tax payable:

= 40,000 - 36,000

= $4,000

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100 Points!! PLS HELP ASAP!! In a short response of approximately 75 words, explain what type of company would elect to develop and manage an internal marketing department.

Answers

Mid-sized regional companies would elect to develop and manage an internal marketing department.

What is internal marketing?

Internal marketing can be divided into two categories: a campaign or communication plan that is specifically directed at your staff. Campaigns for employee engagement or wellness/benefits programs, for instance. campaigns intended to inform, engage, and socialize personnel before the start of an external campaign.

Internal marketing is now a key component of a successful marketing plan, therefore organizations should give it a top priority. Internal marketing is, to put it simply when a company advertises to its employees about its mission, goals, culture, goods and services, and brand.


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During an inspection, the OSHA compliance officer cited a machine guarding violation which had been previously reported to a supervisor. Under which criteria is hazard recognition established

Answers

The criteria under which hazard recognition is established during an OSHA inspection is Employer Recognition.

What is an OSHA inspection?

An OSHA inspection involves the following activities:

Health and safety compliance officers visit the workplace. OSHA compliance officers help employers and their employees to reduce hazards and prevent illnesses, injuries, and deaths in work environments.OSHA inspections are usually triggered when employers report a workplace fatality or reportable serious injury (hospitalization, amputation, loss of eye).After an OSHA investigation, the company is presented with various violations to correct. OSHA initiates a follow-up visit, to confirm if the hazards have been addressed.Follow-up actions are taken based on the prevailing situation.

Thus, the criteria under which hazard recognition is established during an OSHA inspection is Employer Recognition.

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In addition to expected starting salary, what other factor(s) do you think are important to consider when making a decision about a college ...

Answers

The decisions to also make about a college include distance, extra curricular, accomodations, etc.

What decisions are vital before choosing a college?

It should be noted that it's important for one to carefully analyze his options before choosing a college.

In this case, in addition to expected starting salary, decisions to also make about a college include distance, extra curricular, accomodations, etc.

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Which of the following is an example of inventory at a company? A. A scooter that has been purchased at a store by a customer B. An employee who provides technical expertise C. Fancy dishes and silverware used at a restaurant D. A list of products that a hardware store wants to order.

Answers

Inventory refers to the stock held by the company. An example of inventory could be "Fancy dishes and silverware used at a restaurant".

What is an inventory?

Inventory can be defined as the stock of goods or raw materials held by the company for further production or for sales.

Inventory varies from business to business. For example, for a scooter dealer, the scooters available at the store are his inventory.

For a restaurant business, the dishes, bowls, other utensils, tables, oil, and so on are considered as inventory.

Therefore, the correct option is C.

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Answer is  C

Fancy dishes and silverware used at a restaura

If Billy Jo does not want to track the quantity on hand of the products she sells, what Product/Service type should she select when setting up the items she sells in QuickBooks Online

Answers

The Product/Service type in QuickBooks Online that he will select is Non-inventory.

What is QuickBooks Online?

This is an app that helps it client in lot of ways. QuickBooks Online Plus is known to be a wide and robust Online version that QuickBooks is said to offers.

It is made up of more that 65 reporting features and these features includes the ability to track inventory, form purchase orders, and others.

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Environmental sustainability concerns have declined steadily over the past three decades. True False

Answers

Answer:

False ! :)

Explanation:

4 types of resources an entrepreneur will need to start a new business​

Answers

Answer:

small business, scalable startup, large company , and social

Explanation:

this are resources of an entrepreneur will need to start a new business

human resources, finance, capital, land

When people need money to pay for housing, food, and clothes, what do they look for?

Answers

When people need money to pay for housing, food, and clothes, they generally look for sources of income, such as a job or other forms of employment.

In simple terms, what is money?

Money is a centralised, widely recognised, acknowledged, and used as a medium of exchange that makes it easier to exchange goods and services. In an economy, money is a form of exchange used for many different types of commodities and services. Each government and each nation has a unique monetary system.

What gives money its name?

The English word "money" is derived from the Roman word moneta, which means "coin," through the French word monnaie. One of Rome's seven hills, Capitoline, is home to the Juno temple, and it is assumed that this is where the Latin word initially emerged.

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An economic transaction in which one party trades a good or service for another good or services is called.

Answers

Answer:

Bartering

Explanation:

Bartering involves the provision of one good or service by one party in return for another good or service from another party.

Scholastic Toys is considering developing and distributing a new board game for children. The project is similar in risk to the firm's current operations. The firm maintains a debt-equity ratio of 0.40 and retains all profits to fund the firm's rapid growth. How should the firm determine its cost of equity?

a. By multiplying the market risk premium by (1 - 0.40)
b. By using the dividend growth model
c. By using the capital asset pricing model
d. By averaging the costs based on the dividend growth model and the capital asset pricing model

Answers

Answer:

c. by using the capital asset pricing model

A company uploads a message on the Internet about its latest product and it is forwarded to hundreds and thousands of people in no time. This is an example of ______.
a) viral marketing
b) ambush marketing
c) direct marketing

Answers

ambush marketing you need ambush marketing

A cabinetmaker is seeking a new customer for a business that makes expensive
cabinets. The cabinetmaker has identified a group of potential customers with high
incomes.
Which method of segmentation is the owner using?
- Behavioral
- Geographic
- Psychographic
- Demographic

Answers

Answer:

It is Demographic

Explanation:

I just took the test

As part of a firm’s foundation, organizational ________ describes why an organization exists, what problems it wishes to solve, and who it wants to be to every person it touches through its work.

Answers

Structures are put in place in organization for management, organizational structure guides the mode of operation of the organization.

What is Organizational structure?

An organizational structure describes how an organization operates, it includes how activities such as allocation of tasks, coordination, and supervision are done to achieve the organizational aims.

It describes the problem to be solved and how it would be solved.

Therefore, organizational structure describes why an organization exists, what problems it wishes to solve, and who it wants to be to every person it touches through its work.

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In the first stage of the B2B buying process, the buying organization recognizes, through either internal or external sources, that it has a(n) ______ need.

Answers

The recognition of the buying organization in the first stage of the B2B buying process through either internal or external sources, shows that it has an

Unfilled need

What is a Need?

This refers to those things which a person cannot do without and would try to get to ensure survival and this also applies to businesses.

With this in mind, we can see that the B2b purchases has a process which it follows which includes:

Recognizing a needAnalysing possible solutionsDefining product requirements, etc.

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You can use the continuous feedback loop known as the ______ cycle to ensure you're headed in the right direction once you've made plans.

Answers

It is important one uses the planning and controlling cycle to ensure we are headed in the right direction once you've made plans.

What is the planning and controlling?

Both the planning and controlling are important function of management because one's activities helps to accomplish the planned objectives while the other direct and monitor business process,

In conclusion, the adoption of the planning and controlling cycle is important in ensuring we are headed in the right direction once you've made plans.

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Work performed for pay that is unrelated to any other work you have performed or are trained to do is _____?

Answers

Answer: Part time job. is your answer.

Hope this helps!

Answer:

Part time job Your welcome

Saban Ironworks most recent reported free cash flow was $419.5 million. You project that the FCF will grow at a constant rate of 8% forever. If Saban's WACC is 12%, the firm has $2,580.5 million in outstanding debt, no preferred stock, and 250 million shares of common stock, what is the intrinsic value per share of the common stock assuming the firm holds only operating assets

Answers

Answer:

On October 15, 2020, the board of directors of Ensor Materials Corporation approved a stock option plan for key executives. On January 1, 2021, 28 million stock options were granted, exercisable for 28 million shares of Ensor's $1 par common stock. The options are exercisable between January 1, 2024, and December 31, 2026, at 90% of the quoted market price on January 1, 2021, which was $10. The fair value of the 28 million options, estimated by an appropriate option pricing model, is $6 per option. Ensor chooses the option to recognize fonexpectedly to $26 per share.

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