Which of the following is not a benefit of JIT purchasing? a. Increased cash discounts on purchases.

Question:

Which of the following is not a benefit of JIT purchasing?

a. Increased cash discounts on purchases.

b. A reduction in the number of suppliers.

c. A reduction in purchasing paperwork through the use of longer-term contracts with suppliers.

d. Less checking on quality and quantity of goods received from suppliers.

e. A reduction in the total value of inventories on hand.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Accounting Information Systems

ISBN: 9780324312959

5th Edition

Authors: James A. Hall

See More Books

Question Posted: May 30, 2024 10:01 AM

See More Questions

Brief Exercise 9-2 Windsor Corporation has the following four items in its ending inventory. Net Realizable Item Cost Value (NRV) Jokers $2,400 $2,520 Penguins 6,000 5,940 Riddlers 5,280 5,550...
KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...
Ques 1: What is the major complaint by firms concerning the Sarbanes-Oxley act of 2012? A. the legislative maximum allowable compensation for a CEO. B. the legal requirement to disclose project...
Steven Stores, Inc. provided the following statement of net income for the current year. All income is subject to a 40% income tax rate. The company also had $ 735 of unrealized holding gains on its...
In Exercises 1-3, determine if the vector v is a linear combination of the remaining vectors. 1. 2. 3. 1 LI 2 1 2 LI 2 011 110 123
Harold borrowed $8,000 for five years at an APR of 6.75%. a. What is Harold's monthly payment? b. What is the total amount that Harold paid in monthly payments for the loan? c. What is the amount...
4 Why is it important to try to use culturally appropriate nonverbal behaviour when living and working in a foreign country?
Pear Computer Company manufactures a desktop and portable computer through two production departments, Assembly and Testing. Presently, the company uses a single plant-wide factory overhead rate for...
2. You have $40,000 to invest, and two options are available to you. One option requires that you invest the $40,000 now; the other requires you invest it two years from now. In either case, the...
All of the following are problems with traditional accounting information except: a. Managers in a JIT setting require immediate information. b. The measurement principle tends to ignore standards...
Which of the following is not an advantageous reason to reduce inventories? a. Inventories provide a competitive advantage. b. Inventories can invite overproduction. c. Inventories are expensive to...
Write three boundary conditions for mass transfer (on a mass basis) for species A at x = 0 that correspond to specified temperature, specified heat flux, and convection boundary conditions in heat...
1. How will you check if a class is a child of another class? 2. What is init method in python?
1. What are lists and tuples? What is the key difference between the two? 2. What is Scope in Python?
1. What is an Interpreted language? 2. What is a dynamically typed language?
Q.1 If denotes increasing order of intensity, then the meaning of the words [talk shout scream] is analogous to [please pander]. Which one of the given options is appropriate to fill the blank? (A)...
Multiple Choice Questions Identify the best answer for each of the following: 1. Which of the following statements about accounting principles used in Enterprise Funds is false? a. Management may...
A crop-dusting plane flies over a level field at a height of 25 ft. If the dust leaves the plane through a 30 angle and hits the ground after the plane travels 75 ft, how wide a strip is dusted? See...
Domino is 4 0 years old and is married out of community of property with the exclusion of the accrual system to Dolly ( 3 5 ) . They have one child, Domonique, who is 1 1 years old. Domino resigned...
YOU ARE CREATING AN INVESTMENT POLICY STATEMENT FOR JANE DOE General: 60 years old, 3 grown children that are living on their own and supporting themselves. She is in a very low tax rate so we don't...
firm purchased a new piece of equipment with an estimated useful life of eight years. The cost of the equipment was $65,000. The salvage value was estimated to be $10,000 at the end of year 8. Using...

Which of the following is not a benefit of JIT purchasing? a. Increased cash discounts on purchases.

Question:

Step by Step Answer:

Accounting Information Systems

Students also viewed these Business questions