Business, 16.04.2020 00:56 julianjacobg126
1. A system held inventory to protect it from uncertainties in supply. In an effort to be lean, this inventory is used and not replaced, although the uncertainties in supply remain unchanged. What is likely to happen to the operation of the system now?2. Why is vendor-managed inventory considered a lean practice? Does VMI reduce inventory?3. Just as lean systems are also called just-in-time systems, earlier approaches to inven- tory control are sometimes called just-in-case systems. The phrase just-in-case refers to what?4. . What does the lean principle of level scheduling imply about finished goods inven- tory? Is this a contradiction to the philosophy of lean?
Answers: 3
Business, 22.06.2019 00:00, Bigbabybrudis
1tanner invested $135,000 cash along with office equipment valued at $32,400 in the company in exchange for common stock. 2 the company prepaid $7,200 cash for 12 months’ rent for office space. (hint: debit prepaid rent for $7,200.) 3 the company made credit purchases for $16,200 in office equipment and $3,240 in office supplies. payment is due within 10 days. 6 the company completed services for a client and immediately received $2,000 cash. 9 the company completed a $10,800 project for a client, who must pay within 30 days. 13 the company paid $19,440 cash to settle the account payable created on april 3. 19 the company paid $6,000 cash for the premium on a 12-month insurance policy. (hint: debit prepaid insurance for $6,000.) 22 the company received $8,640 cash as partial payment for the work completed on april 9. 25 the company completed work for another client for $2,640 on credit. 28 the company paid $6,200 cash in dividends. 29 the company purchased $1,080 of additional office supplies on credit. 30 the company paid $700 cash for this month’s utility bill. prepare general journal entries to record these transactions. 2. post the journal entries from part 1 to the ledger accounts.
Answers: 2
1. A system held inventory to protect it from uncertainties in supply. In an effort to be lean, this...
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