Which of the following increases under just-in-time (JIT) inventory system?
A. Amount of working capital for inventory
B. Inventory turnover
C. Number of defective parts
D. Inventory holding costs
E. Storage costs
B
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Revenue from sources other than the primary operating activity of a business.
What will be an ideal response?
A bakery produces muffins and doughnuts. Let x1 be the number of doughnuts produced and x2 be the number of muffins produced. The profit function for the bakery is expressed by the following equation: profit = 4x1 + 2x2 + 0.3x12 + 0.4x22
The bakery has the capacity to produce 800 units of muffins and doughnuts combined and it takes 30 minutes to produce 100 muffins and 20 minutes to produce 100 doughnuts. There is a total of 4 hours available for baking time. There must be at least 200 units of muffins and at least 200 units of doughnuts produced. How many doughnuts and muffins should the bakery produce in order to maximize profit?