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1 year 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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2 years ago

Consider the following activities that take place in a veterinary clinic.

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E. Service entities cannot use ABC for overhead allocation.

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2 years ago

PLZZZ HELP, i have limited time and i will give brainliest.

Schach [20]

Answer:

Q1. Selena will have earned $ 25.00 in interest by the end of the year.

Since interest paid is 5% in simple interest, we can calculate that by using the formula:

$SI = (P)(r)(t)$

$SI = (500)(0.05)(1) = 25$

Q2. The balance in Suki's account at the end of two years will be $866.2854.

This means that she will have earned $66.2854 in interest.

Since interest is compounded quarterly, Suki will receive interest for 8 periods. The formula for compound interest with more than one interest period per year is:

$\mathbf{A = (P)*(1+(\frac{i}{m})^{n*m}}$

where

A is the amount at the end of the period

P is the principal

i is interest rate per annum

m is number of compounding periods in a year

n is number of years

Substituting the values in the formula above we get,

$A = (800)*(1+(\frac{0.04}{4})^{2*4}$

$A = (800)*(1.01)^{8}$

$\mathbf{A = 866.2853645}$

Now, we calculate the interest earned by doing \mathbf{CI = A -P}.

$\mathbf{CI = 866.2854- 800 = 66.2854}$

Q3. It will take 18 years for the money to double to $100.

Since we need to use the rule of 72, we'll divide 72 by the interest rate to determine the number of years needed to double the investment's value.

So, the number of years is $\frac{72}{4} =18$ .

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2 years ago

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Paramount then brought the case against Time in court.The court stated that the instant case was different from another case (REVLON VS MacAndrews) where Revlon was up for sale and hence it was necessary for the board to sell its assets to the highest bidder.

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2 years ago

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