Question: Why does accounting in a just-in-time environment result in fewer transactions?

Why does accounting in a just-in-time environment result in fewer transactions?

Step by Step Solution

★★★★★

3.39 Rating (155 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

A justintime environment will result in fewer or no work in process control poi... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

125-B-M-A-C-M (280).docx

120 KBs Word File

Students Have Also Explored These Related Managerial Accounting Questions!

Q:

Why does lean accounting result in fewer transactions?

Q:

Why does the social environment influence employees' responses to the design of their jobs?

Q:

Which business transactions would result in the following journal entry Dr. Supplies Cr. Accounts Payable O a. Received supplies from the customer for whom services were provided on credit. O b....

Q:

Why does accounting in a just-in-time environment result in fewer transactions?

Q:

1. What would happen to net income if the activities in question #1 were allocated to products for financial statement reporting and inventory increased? 2. Why does accounting in a just-in-time...

Q:

Insight Box Concept Check 2 Companies can close their books faster without loss of accuracy as a result of fewer transactions. O due to technological innovations and software improvements. due to...

Q:

What is the benefit of the lean philosophy? Why does lean accounting result in fewer transactions? Why is the direct labor cost category eliminated in many lean manufacturing environments? Why would...

Q:

Please, assists. Thank You Maxwell Dash inc. manufactures and assembles automobile instrument paneis for both eCar Motors and Greenville Motors. The process consists of a lean product cell for each...

Q:

I need help figuring this ratio ASAP. The 10K I am using is attached. I would like an explanation if possible, not just an answer. I need to figure out where this information is even at. Thank you so...

Q:

Need the following info with explanations as soon as possible. using the attached 10K Prepare a horizontal analysis of your company's Income Statement over the past two years. Calculate the following...

Q:

Write a response (200 word minimum) that explores the similarities of at least three different Enlightenment thinkers. 712992 an hour ago The heart of the eighteenth century Enlightenment is the...

Q:

Grandview Ltd acquired 100% of the issued capital of Electro Ltd on 1 July 2021 for $110,000 At that date the shareholders' equity of Electro Ltd was: Share Capital General Reserves Retained Earnings...

Q:

aWhat is the difference between a product and period cost? In your response, explain the impact each type of cost has on the financial statements and provide an example of each type of cost to...

Q:

With regard to private-sector colleges and universities: a. List the three net asset classes required under FASB Statement 117. b. List the financial reports required under FASB Statement 117. c....

Q:

Ella Mae Simpson is the owner of a hairdressing salon in Palm Coast, Florida. Her salon provides three basic service: shampoo and set, permanents, and cut and blow dry. The following are its...

Q:

At December 31, 2012, the trial balance of Oliker Company contained the following amounts before adjustment. Instructions(a) Prepare the adjusting entry at December 31, 2012, to record bad debts...

Q:

Consider an electron near the Earths equator. In which direction does it tend to deflect if its velocity is directed? (a) Downward, (b) Northward, (c) Westward, or (d) Southeastward?

Q:

These transactions took place for Renda Co. 2011 May 1 Received a $5,000, 1-year, 6% note in exchange for an outstanding account receivable from S. Dorsey. Dec. 31 Accrued interest revenue on the S....

Q:

1.29 Match each of the following transaction cycles to the integrated enterprise system module that generates the transactions. (Q1 .2) a. Purchasing cycle b. Payroll cycle c. Sales cycle 1. Human...

Q:

Identify each of the following as relating to (a) The control environment, (b) Control procedures, or (c) Information and communication. 1. Managements philosophy and operating style 2. Report of...

Q:

The units of an item available for sale during the year were as follows: There are 48 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the...

Q:

From the following list, identify the accounts that should be closed to Income Summary at the end of the fiscal year under a perpetual inventory system: (a) Accounts Payable, (b) Advertising Expense,...

Q:

James Fromholtz is considering whether to invest in a newly formed investment fund. The fund's investment objective is to acquire home mortgage securities at what it hopes will be bargain prices. The...

Q:

A cashless society describes an economic state whereby financial transactions are not conducted with money in the form of physical banknotes or coins, but rather through the transfer of digital...

Q:

25. Richmond Rail Company has 3 rail cars available to move freight this period. Each car can hold 70 tons of material and 5238 cu/ft of volume. There are 4 types of freight available to be used A,...