Ask Question
BusinessBusiness
8 December, 22:38

Q 6.26: Early in 2022, Baker Company switched to a JIT (just-in-time) inventory system. Financial information for the two most recent years is listed below: By how many days did the days in inventory ratio decrease as a result of the switch to the JIT system?

+4
Answers (1)
  1. 9 December, 01:03
    0
    Incomplete question.

    Explanation:

    Now that using different inventory systems would result in a different value of the inventory.

    For example, the JIT (just in time) system implies that the company request inventory just in time when they are needed for production or supply. It therefore means that the value of their inventory level using this method should be lesser, since Baker Company would only receive inventory of what it wants to utilize immediately.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Q 6.26: Early in 2022, Baker Company switched to a JIT (just-in-time) inventory system. Financial information for the two most recent years ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
1. What affect does a rise in the cost of raw materials have on the cost of a good? (a) A rise in the cost of raw materials lowers the overall cost of production. (b) The good becomes cheaper to produce.
Answers (2)
You expect to receive $37,000 at graduation in two years. You plan on investing it at 9.5 percent until you have $172,000. How long will you wait from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.
Answers (1)
What account is credited when overhead cost is applied to Work in Process? Would you expect the amount of overhead applied for a period to equal the actual overhead costs of the period? Why or why not?
Answers (1)
An blank is a model to test quality and costs before full-scale production
Answers (2)
Johnson, Inc. a builder enters into an agreement to construct a commercial building in a residential area in violation of zoning laws. Johnson hires a crew of construction workers to build the building.
Answers (1)
New Questions in Business
Earned value is: a. A cost estimate of the budgeted resources across the project's life cycle. b. The cumulative total costs incurred in accomplishing the various project work packages. c.
Answers (1)
13. Which of the following is an example of secondary research? A. Gathering statistics online B. Conducting trial-and-error testing C. Observing reactions to free samples D. Hiring a marketing firm
Answers (1)
Arrow Manufacturing allows its customers to return merchandise for any reason up to 90 days after delivery and receive a credit to their accounts. All of Arrow's sales are for credit (no cash is collected at the time of sale).
Answers (1)
Assume a team is comprised of a marketing professional, a materials specialist, a manufacturing floor manager, a product safety advisor, an advertising department head, and a legal expert. What type of diversity is represented by this group? a.
Answers (1)
Market economies are characterized by each of the following except: a. individuals have the right to own private property. b. businesses are run to earn a profit for their owners. c. governments strictly regulate how businesses may operate. d.
Answers (1)
Home » Business » Q 6.26: Early in 2022, Baker Company switched to a JIT (just-in-time) inventory system. Financial information for the two most recent years is listed below: By how many days did the days in inventory ratio decrease as a result of the switch to the
Sign Up Forgot Password?