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2 years ago

What do you see as the major deficiencies current information systems budgeting and prioritization processes are run

Business

1 answer:

monitta2 years ago

5 0

Answer:

The major challenges with the current information systems budgeting and prioritisation process are:

The focus was overly on how the budgeted monies will be spent and how much return it will bring to the business. Not much thought was given to how the monies required for the expenses will be generated. Budgeting not only looks at the outflow, it examines existing and potential sources of income/revenue. When this is balanced, the company can integrate such into their marketing strategy armed with what information about the market that they possess.
The prioritization is all wrong. Budgeting is because there is are organisational objectives to be met with limited resources.

Because those resources are limited, the said objectives have to be prioritized. Income-generating projects must hold more priority over non-revenue generating activities.

If there is a strategic link between the company's Information Systems upgrade and an increase in its bottom line, then it must be given priority.

Cheers!

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Answer;

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Explanation;

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2 years ago

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hammer [34]

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5 0

2 years ago

You own shares of Somner Resources' preferred stock, which currently sells for per share and pays annual dividends of $ per s

dimulka [17.4K]

Answer:

You should buy more shares

Explanation:

The above-mentioned question is missing few components. I have added them to explain on how the question would be solved if all the variables were provided. Please note the additions in bold text below. The answer of which is given afterwards.

You own 300 shares of Somner Resources' preferred stock, which currently sells for $39 per share and pays annual dividends of $5.50 per share. If the market's required yield on similar shares 12% is percent, should you sell your shares or buy more?

Solution as mentioned below:

First of all we need to calculate value of the preferred stock by dividing the annual dividend per share from the market required rate.

Value of preferred stock = 5.50 / 12%

Value of preferred stock = $45.83

Now given the fact that the current price at which the stocks are sold is $39 which is less than the price at which they are actually valued which is $45.83. You should buy more of the shares as they are currently undervalued.

8 0

2 years ago

Help with business pls

ikadub [295]

Answer:

Explanation:

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4 0

2 years ago

Making journal entries Assume that during the month of April the production report of Austin Adhesives, Inc., in E8-10 revealed

Alex_Xolod [135]

Missing Information:

The normal capacity of is 40,000 direct labor hours and 20,000 units per month. A finished unit requires 6 lb of materials at an estimated cost of $2 per pound. The estimated cost of labor is $10.00 per hour.

Answer:

Raw materials Inventory 260,000 debit

D:M price variance 2,600 debit

Account Payable 257,400 credit

--to record the purchase ---

WIP-Inventory 248,000 debit

DM quality variance 2,000 debit

Raw materials Inventory 250,000 debit

--to record requisition of materials--

WIP-Inventory 420,000 debit

D:L rate variance 1,640 debit

Wages Payables 411,640 credit

DL efficiency variance 10,000 credit

--to record the charge of labor into WIP--

Explanation:

130,000 pounds x $1.98 (actual) = $257,400‬

130,000 pounds x $2.00 (standard) = $260,000

variance 2,600 favorable

Quantity Variance:

actual: 125,000 x $2 = 250,000

standard: 21,000 x 6 = 124,000 pounds x $2 = 248,000

variance: 2,000 unfavorable

41,000 hours x $10.04 each = $411,640

41,000 hours x $10.00 each = $410,000

rate variance 1,640 unfavorable

efficiency variance:

21,000 x 2 hours = 42,000 hours x $10 = 420,000

actual 41,000 x $10 = 410,000

favorable 10,000

6 0

2 years ago