The primary advantage of a just-in-time inventory system is:
Multiple Choice 
Homework Answers
Select - (A) .........The amount of money tied up in inventory is minimized.
JIT .....Just in time is basically designed to accomplish the purpose of reducing inventory and holding cost associated with holding of inventory that includes Warehouse rent, stores manager salary, security and insurance.. With JIT amount of inventory held will be minimum and all associated costs are automatically minimized.
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The primary advantage of a just-in-time inventory system is: Multiple Choice The primary advantage of a...
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Which of the following is not an advantage of perpetual inventory system? Multiple Choice It helps...
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Customers' customers purchases are based on: Multiple Choice just-in-time (JIT) inventory control. derived deman...
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A disadvantage of the JIT inventory system is the Multiple Choice -lack of a buffer stock...
A disadvantage of the JIT inventory system is the Multiple Choice -lack of a buffer stock of inventory against supply fluctuations. -inability to identify the origin of defective parts used in production. -increase in storage space and inventory-holding costs. -increase in the cost of capital tied up in inventory.
When are actual physical counts of merchandise inventory necessary? w Multiple Choice o Are not necessary...
When are actual physical counts of merchandise inventory necessary? w Multiple Choice o Are not necessary under the personic system o Are never necessary under the perpetual system C Must be taken at least once a quarter • Are necessary to adjust the Merchandise inventory account to the actual inventory in perpetual and Demo c ny m s O Are neve necessary under the courto best con
Multiple Choice Question 68 Oriole Company just began business and made the following four inventory purchases...
Multiple Choice Question 68 Oriole Company just began business and made the following four inventory purchases in June: June 1 220 units $1574 June 10 270 units 2160 June 15 270 units 2322 June 28 220 units 1980 $8036 A physical count of merchandise inventory on June 30 reveals that there are 280 units on hand. Using the average cost method, the amount allocated to the ending inventory (rounded to whole dollar) on June 30 is
ESOURCES Multiple Choice Question 57 A company just starting business made the following four inventory purchases i...
ESOURCES Multiple Choice Question 57 A company just starting business made the following four inventory purchases in June Date Number of units purchased Total cost June 1 $ 390 June 10 June 15 June 28 160 units 180 units 180 units 150 units A physical count of merchandise inventory on June 30 reveals that there are 250 units on hand. Using the UFO inventory method, the value of the ending invertory on June 10 $1320 $680 $900. $1429
Multiple Choice Question 93 Sheridan Shutters has the following inventory information. Nov. 1 8 17 25...
Multiple Choice Question 93 Sheridan Shutters has the following inventory information. Nov. 1 8 17 25 Inventory Purchase Purchase Purchase 40 units @ $4.00 80 units @ $5.00 50 units @ $5.00 110 units @ $6.00 A physical count of merchandise inventory on November 30 reveals that there are 100 units on hand. Assume a periodic inventory system is used. Cost of goods sold (rounded to the nearest dollar) under the average-cost method is $945. $951. $967. O $913.
THANK YOU SO MUCH I WILL BE SURE TO LEAVE A GREAT RATING AND NOTE!!!!! 20. The primary difference between the periodic and perpetual inventory systems is that a periodic system determines the inventor...
THANK YOU SO MUCH I WILL BE SURE TO LEAVE A GREAT RATING AND NOTE!!!!! 20. The primary difference between the periodic and perpetual inventory systems is that a periodic system determines the inventory on hand only at the end of the accounting period periodic system provides an easy means to determine inventory shrinkage periodic system records the cost of the sale on the date the sale is made periodic system keeps a record showing the inventory on hand at...
1. Three major challenges facing supply executives when setting supply strategies and objectives are: Multiple Choice...
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(Consider This) A primary advantage of Uber to government-regulated taxis is that Multiple Choice O Uber riders are guaranteed lower fares. O Uber drivers are required to meet more stringent safety standards. O Uber's dynamic pricing avoids the inefficiencies caused by regulated taxi fares. O the greater monopoly for rides increases profits for both Uber and regular taxi drivers.
When are actual physical counts of merchandise inventory necessary? w Multiple Choice o Are not necessary under the personic system o Are never necessary under the perpetual system C Must be taken at least once a quarter • Are necessary to adjust the Merchandise inventory account to the actual inventory in perpetual and Demo c ny m s O Are neve necessary under the courto best con
ESOURCES Multiple Choice Question 57 A company just starting business made the following four inventory purchases in June Date Number of units purchased Total cost June 1 $ 390 June 10 June 15 June 28 160 units 180 units 180 units 150 units A physical count of merchandise inventory on June 30 reveals that there are 250 units on hand. Using the UFO inventory method, the value of the ending invertory on June 10 $1320 $680 $900. $1429
Multiple Choice Question 93 Sheridan Shutters has the following inventory information. Nov. 1 8 17 25 Inventory Purchase Purchase Purchase 40 units @ $4.00 80 units @ $5.00 50 units @ $5.00 110 units @ $6.00 A physical count of merchandise inventory on November 30 reveals that there are 100 units on hand. Assume a periodic inventory system is used. Cost of goods sold (rounded to the nearest dollar) under the average-cost method is $945. $951. $967. O $913.
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