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2 years ago

What is an erp system? how does an erp system enforce best practices for an organization?

1 answer:

8 0

An ERP (enterprise resource planning) system is a software application that includes a centralized database and is used throughout a company. It enforces best practices through the software's business processes.

Enterprise Resource Planning (ERP) is business management software that enables a company to use a collection of interconnected applications. The ERP systems automate and simplify the operations, resulting in a leaner, more accurate and more efficient organization. ERP gives the unparalleled visibility into the main business activities.

ERP may integrate information and procedures in one location rather than managing each aspect of the firm with a separate system. This streamlines tasks, automates procedures, and allows all parts of the supply chain to work more efficiently.

As a result, an ERP (enterprise resource planning) system is a software program with a centralized database that is utilized throughout a business. It enforces best practices through the business operations of the program.

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Buying computers refers to _____.

lianna [129]

<h2>Buying computers refers to "listing what will be spent on items needed to start the business".</h2>

Explanation:

The given definition or terms are associated with the concept of "start up cost".

Listing what will be spent on item needed to start the business: This option also refers to a term called "asset". So buying computers is an asset to the business. No business runs without a computer and it is one of the source that brings business, make business popular, etc.

listing what will be spent on expense to start the business: This statement refers to the term called "cost"

7 0

3 years ago

What action is most likely to result in an increase in the money supply

gregori [183]

Answer:

Lowering interest rate.

Explanation:

When the FED lower the interest rate to banks, they obtain extra capital that can be invested in new businesses, offer more loans that will increase the money supply in the market.

3 0

4 years ago

A corporation has 35,000 shares of 1% preferred stock outstanding. Also, there are 35,000 shares of common stock outstanding.

Lorico [155]

Answer:

$35,000

Explanation:

Given:

1% 35,000 preferred stock is outstanding.

Par value is $100

Amount of preferred stock outstanding = 35,000 × 100

= 3,500,000

Total dividend paid = $900,000

Since preference stockholders have an edge over equity stockholders regarding dividend. They are paid in fill and remaining amount is distributed among common stockholders.

Dividend paid to preferred stockholders = 0.01 × 3,500,000

= $35,000

Preferred stockholders receive $35,000. Remaining amount of $865,000 goes to common stockholders.

8 0

3 years ago

Aziz Company sells two types of products, Basic and Deluxe. The company provides technical support for users of its products, at

8090 [49]

Answer:

Req 1 15 $ cost per call

Req 2 Delux = 6,750$ and Basic 2,250$.

Explanation:

This question has two requirement one is to determine the company's cost of technical support per customer service call (Req 1) and the other is to assign technical support cost to each model using activity based costing (Req 2).

Req 1

The first requirement is quite simple. Cost of technical support per customer service call can be determine by dividing expected cost with expected number of customer service call we can get our answer

Cost per CSC =150000/10000 = 15

Req 2

Activity-based costing (ABC) is a costing method that identifies activities in an organization and assigns the cost of each activity to all products and services according to the actual consumption by each.

In this question company has two product i.e delux and basic model. Cost for each product can be determine by multplying cost per csc with number of call received for each product.

Delux= 450*15 = 6750

Basic= 150*15 = 2250

3 0

4 years ago

A company uses a periodic inventory system sells a single product that had a beginning inventory of 5,000 units with a total cos

MAVERICK [17]

Answer:

D) $115,000

Explanation:

beginning 5,000 at cost of $ 35,000

purchase 12,000 at $9 each = $ 108,000

total units available for sale 17,000

ending <u> (4,000) </u>

sold units: 13,000

Under LIFO we first sale the newest units those are the purchased ones.

we will sale the 12,000 purchased unit --> $108,000

13,000 - 12,000 = 1,000 there is still 1000 more unit to sale oso we take themfrom beginning inventory

and 1000 of the beginning inventory:

35,000 / 5,000 x 1,000 = 7,000

total cogs = 108,000 +7,000 = 115,000

6 0

4 years ago