Indicate the value-added production activities.

Question

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Answer 1

Question

Chapter 19, Problem 1AP

a.

To determine

Indicate the value-added production activities.

b.

To determine

Indicate the non-value-added production activities.

c.

To determine

Compute the cycle time for Corporation C.

d.

To determine

Compute the manufacturing efficiency ratio for Corporation C.

e.

To determine

Indicate the activities that could be eliminated, if Corporation C implements just-in-time (JIT) inventory system.

f.

To determine

Indicate the ethical implications, if few non-value-added activities are eliminated.

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Use the information provided to answer following questions Larry Ltd. is a registered VAT taxpayer. His business transactions for the months of January to March are included below. The VAT rate is 12.5%. All the amounts given are VAT inclusive. Months Sales Purchases Imports January $50,625 $30,375 $17,662.50 February $63,337.50 $38,475 $25,087.50 March $67,500 $52,312.50 $22,612.50 1. What is the Larry Ltd. VAT input tax for the 3 months period? A.$7,262.50 B.$13,462.50 C.$20,725 D.$20,162.50 2. What is the Larry Ltd. VAT output tax for the 3 months period? A.$20,152.50 B.$7,037.50 C.$5,812.50 D.$20,162.50 3. What is the Larry Ltd. VAT payable/refund for the 3 months period? A.$13,125 payable B.$1,562.50 refund C.$562.50 refund D.$20,143.50 payable

Answer 2

Question

Chapter 19, Problem 1AP

a.

To determine

Indicate the value-added production activities.

b.

To determine

Indicate the non-value-added production activities.

c.

To determine

Compute the cycle time for Corporation C.

d.

To determine

Compute the manufacturing efficiency ratio for Corporation C.

e.

To determine

Indicate the activities that could be eliminated, if Corporation C implements just-in-time (JIT) inventory system.

f.

To determine

Indicate the ethical implications, if few non-value-added activities are eliminated.

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Answer 3

Question

Chapter 19, Problem 1AP

a.

To determine

Indicate the value-added production activities.

b.

To determine

Indicate the non-value-added production activities.

c.

To determine

Compute the cycle time for Corporation C.

d.

To determine

Compute the manufacturing efficiency ratio for Corporation C.

e.

To determine

Indicate the activities that could be eliminated, if Corporation C implements just-in-time (JIT) inventory system.

f.

To determine

Indicate the ethical implications, if few non-value-added activities are eliminated.

Expert Solution & Answer

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Answer 4

Question

Chapter 19, Problem 1AP

a.

To determine

Indicate the value-added production activities.

b.

To determine

Indicate the non-value-added production activities.

c.

To determine

Compute the cycle time for Corporation C.

d.

To determine

Compute the manufacturing efficiency ratio for Corporation C.

e.

To determine

Indicate the activities that could be eliminated, if Corporation C implements just-in-time (JIT) inventory system.

f.

To determine

Indicate the ethical implications, if few non-value-added activities are eliminated.

Expert Solution & Answer

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Answer 5

Chapter 19, Problem 1AP

a.

To determine

Indicate the value-added production activities.

b.

To determine

Indicate the non-value-added production activities.

c.

To determine

Compute the cycle time for Corporation C.

d.

To determine

Compute the manufacturing efficiency ratio for Corporation C.

e.

To determine

Indicate the activities that could be eliminated, if Corporation C implements just-in-time (JIT) inventory system.

f.

To determine

Indicate the ethical implications, if few non-value-added activities are eliminated.

Answer 6

Chapter 19, Problem 1AP

a.

To determine

Indicate the value-added production activities.

Answer 7

Chapter 19, Problem 1AP

a.

To determine

Indicate the value-added production activities.

Answer 8

b.

To determine

Indicate the non-value-added production activities.

Answer 9

b.

To determine

Indicate the non-value-added production activities.

Answer 10

c.

To determine

Compute the cycle time for Corporation C.

Answer 11

c.

To determine

Compute the cycle time for Corporation C.

Answer 12

d.

To determine

Compute the manufacturing efficiency ratio for Corporation C.

Answer 13

d.

To determine

Compute the manufacturing efficiency ratio for Corporation C.

Answer 14

e.

To determine

Indicate the activities that could be eliminated, if Corporation C implements just-in-time (JIT) inventory system.

Answer 15

e.

To determine

Indicate the activities that could be eliminated, if Corporation C implements just-in-time (JIT) inventory system.

Answer 16

f.

To determine

Indicate the ethical implications, if few non-value-added activities are eliminated.

Answer 17

f.

To determine

Indicate the ethical implications, if few non-value-added activities are eliminated.

Answer 18

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Answer 19

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Answer 20

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Answer 21

Ch. 19 - Prob. 1STQ Ch. 19 - Prob. 2STQ Ch. 19 - 3. JUT inventory systems strive to: a. Cultivate...Ch. 19 - 4. Which of the following would not be considered...Ch. 19 - Prob. 5STQ Ch. 19 - 1. What are three important criteria for...Ch. 19 - 2. Suppose you are interested in opening up a new...Ch. 19 - 3. What activities would make up the marketing and...Ch. 19 - 4. Distinguish between value-added and...Ch. 19 - 5. Assume you are the manager of the finished...

Indicate the value-added production activities.

Indicate the value-added production activities.

Indicate the non-value-added production activities.

Compute the cycle time for Corporation C.

Compute the manufacturing efficiency ratio for Corporation C.

Indicate the activities that could be eliminated, if Corporation C implements just-in-time (JIT) inventory system.

Indicate the ethical implications, if few non-value-added activities are eliminated.

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Chapter 19 Solutions