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Which of the following statements is FALSE of Just-In-Time (JIT) manufacturing systems?
Answer
Demand pull means a closer relationship with the customer.
The power of suppliers is reduced.
Warehousing space and equipment needs are reduced.
After process re-engineering, time to complete the product is reduced.
Beginning balance 24,000 cash Sales 250,000 Gross profit 45% of sales Accounts receivable increase by 24,000 Accounts payable increased by 51,000 Inventory increased by 98,000 Sell
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