Just-in-time inventory
Not what you're looking for?
The company X was using LIFO for 25 years. Why switching to JIT inventory could be a bad idea?
Purchase this Solution
Solution Summary
Just-in-time inventory is discussed in this solution.
Solution Preview
The company X was using LIFO for the last 25 years in order to gain significant tax benefits due to rising inventory prices throughout the year because LIFO is kind of accounting system in which goods purchased at the end of the period are considered to be used first, therefore the oldest inventory is the last one to be used. Therefore, in the event of increasing prices of ...
Education
- BCom, SGTB Khalsa College, University of Delhi
- MBA, Rochester Institute of Technology
Recent Feedback
- "Thank you. "
- "Thank you"
- "Thank you. I got 20/20 last week for my discussion you help me out with."
- "Thank you. Great Job. "
- "Thank you. Great Job. "
Purchase this Solution
Free BrainMass Quizzes
Organizational Behavior (OB)
The organizational behavior (OB) quiz will help you better understand organizational behavior through the lens of managers including workforce diversity.
SWOT
This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.
Business Ethics Awareness Strategy
This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.
Change and Resistance within Organizations
This quiz intended to help students understand change and resistance in organizations
Introduction to Finance
This quiz test introductory finance topics.