A Just-In-Time Inventory System Usually Reduces Costs For

question 149

Multiple Choice

A just-in-time inventory system usually reduces costs for:

• A)the producer,but not its suppliers.
• B)both the producer and its suppliers.
• C)suppliers,but not the producer.
• D)neither the supplier or the producer,though it does lead to more flexibility for both.

---

Definitions:

Salaries Payable

An account on the balance sheet that represents the amount of unpaid wages owed to employees at the end of a reporting period.

Payroll Register

A payroll register is a detailed document that records all employees' payroll activities, including wages, salaries, deductions, and net pay for a specific period.

Net Pay

The amount of an employee's earnings remaining after deductions, such as taxes and social security contributions, have been made.

Withholding Table

A chart that helps employers determine the amount of taxes to withhold from employees' paychecks based on their earnings and tax status.