Write down two benefits and two risks of using just-in-time purchasing. Think of one type of business

Question:

Write down two benefits and two risks of using just-in-time purchasing. Think of one type of business for which just-in-time purchasing would be useful and one type of business for which it would be unsuitable.

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

Step by Step Answer:

Related Book For book-img-for-question

Management Accounting

ISBN: 9780273718451

2nd Edition

Authors: Pauline Weetman

See More Books

Question Posted: Feb 09, 2024 04:23 AM

See More Questions

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
Design a Java class that represents a cache with a fixed size. It should support operations like add, retrieve, and remove, and it should evict the least recently used item when it reaches capacity.
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
A magnet of mass 5 . 0 1 kg is suspended from the ceiling by a cord as shown. A large magnet is somewhere off to the right, pulling on the small hanging magnet with a constant force of F = 8 0 . 4 N...
Joints, or cracks in rocks, are natural passageways for air and water. What should happen to joints with time? See Fig. 4.2.
What is the incidence of an excise tax when demand is highly inelastic? Highly elastic? What effect does the elasticity of supply have on the incidence of an excise tax? What is the efficiency loss...
Why is it important to synchronise product design and supply chain design? What are the implications of this from an environmental perspective?
Thorup Company had gross wages of $200,000 during the week ended December 10. The amount of wages subject to social security tax was $180,000, while the amount of wages subject to federal and state...
1) What is the mechanism of C-H Amination ? 2) What are the limits of C-H Amination ?
Covidien (NYSE: COV), a leading global provider of healthcare products, today announced definitive agreements to sell its Sleep Diagnostics and Oxygen Therapy product lines and a proposal to sell its...
Write down two types of expense that might be unpaid at the accounting date and so recorded as accruals.
For the trusses in Figure P9. 29, compute the reactions and bar forces produced by the applied loads. Given: $A E=$ constant, $A=1000 \mathrm{~mm}^{2}$, and $E=200 \mathrm{GPa}$. E 100 KN 60 KN...
Jean Smith, who retails wooden ornaments, has been so busy since she commenced business on 1 April 2011 that she has neglected to keep adequate accounting records. Jeans opening capital consisted of...
An acquaintance of yours, H. Gee, has recently set up in business for the first time as a general dealer. The majority of his sales will be on credit to trade buyers but he will sell some goods to...
A Here is the trial balance of Falta Ltd as at 30 April 2012: Given the following information as at 30 April 2012, draw up an income statement and statement of financial position for the year to that...
Calculate net profit as a percentage of sales if net profit was 45,000 and sales were 400,000.
A From the following information, prepare a manufacturing account and income statement for the year ending 31 December 2012 and a statement of financial position as at 31 December 2012 for J. Jones...
How would you classify virtual goodsa tangible good, an experience, or a service? Discuss the technological factors enabling the growth of virtual goods. Who would pay $330,000 for a virtual space...
1. Below is depicted a graph G constructed by joining two opposite vertices of C12. Some authors call this a "theta graph" because it resembles the Greek letter 0. a. What is the total degree of this...
How does the accounting equation represent the transfer of labour costs to work in progress?
How does the accounting equation represent the transfer of labour costs to work in progress?
How does the accounting equation represent the transfer of production overhead costs to work in progress?
Given the following, a special order for 500 units at $10 each should Blank______. Sales (10,000 units @ $14 each) $140,000 Variable costs (10,000 units @ $8 each) $80,000 Total contribution margin...
Due to the impact that sudden events could have in the value of bonds, event risk covenants, or provisions, are included in the issuance of some corporate bonds. This covenant allows the issuer to...
Develop a preliminary retirement savings strategy that outlines how much you need to contribute initially and annually to your chosen retirement accounts in order to reach your goals. What retirement...

Write down two benefits and two risks of using just-in-time purchasing. Think of one type of business

Question:

Step by Step Answer:

Management Accounting

Students also viewed these Business questions