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Inessa05 [86]
3 years ago
9

Your manager, Felix Young, wants to know why your estimate of the time it will take to get an MRP system up and running is so lo

ng. Young noted that you included an allowance for "potentially inaccurate bill of materials and inventory records," and he wants to know how the company could have operated as well as it has "if the records weren’t pretty accurate right now." Write a one-page memo in response to Young’s concerns.
Business
1 answer:
Svet_ta [14]3 years ago
3 0

Answer: MRP is a term used in data warehousing to refer to a system that is used to process the day-to-day transactions of an organization. These systems are designed in a manner that processing of day-to-day transactions is performed efficiently and the integrity of the transactional data is preserved.

Explanation: Based on the findings from Young it showed that his management runs an inefficient system that has no accountability and modes of operation  in bench marking staff operations on a daily and monthly basis. 2. Records for business transactions should be automated to cushion fraudulent practice from staff or management.

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Ratchet Manufacturing's August sales budget calls for sales of 8,000 units. Each month's unit sales are expected to grow by 5%.
abruzzese [7]

Answer:

$210,000

Explanation:

With the provided information we have,

August budgeted sales = 8,000 units

Growth every month = 5% increase in units

Sales for September = 8,000 + (8,000 \times 5%)

= 8,000 + 400 units = 8,400 units

Selling price = $25 for each unit

Therefore, expected sales total for the month of September = 8,400 \times $25 = $210,000

7 0
3 years ago
The question is; create an innovative mission statement for Roberto Pesi’s restaurant inc. Explain the statement..(i will mark a
xeze [42]

Answer:

Roberto Pesi Restaurants inc. mission is to offer delicious Italian and fast food in Toronto that will create a unique experience to each customer making them wanting to comeback. for this we have three restaurants that will satisfy the nutritional need of every single customer.  

Explanation:

The mission of an enterprise must describe the desire goal of an enterprise its values and what kind of product or service it provides and in which area is situated its operation.

7 0
3 years ago
The stockholders’ equity section of Marigold Corp.’s balance sheet consists of common stock ($7 par) $959,000 and retained earni
den301095 [7]

Answer:

Find below the pre stock dividend and post stock dividend effects.

Explanation:

Before the declaration of stock dividend the equity section of the balance sheet would look thus:

Common stock ($7 par)                  $959,000

Paid in capital in excess of par            -

Total paid in capital                         $959,000

Retained earnings                           $410,000

Total shareholders' equity              $1,369,000

However,upon declaration of the stock dividend which would be funded from retained earnings by reducing the retained earnings and increasing the common stock as well as paid in capital in excess of par.

Common stock ($7 par)($7*13,700)+$959,000           $1,054,900                  

Paid in capital in excess of par($18-$7)*13,700            $150,700

Total paid in capital                                                        $1,205,600

Retained earnings    $410,000-($18*13,700)                  $163,400

Total shareholders' equity                                              $ 1,369,000

4 0
3 years ago
Predictions using the supply-and- demand model for used cars are likely not reliable because consumers know less than suppliers
KonstantinChe [14]

Answer:

The answer is: Not reliable because consumers know less than suppliers about used car quality.

Explanation:

Predictions using the supply and demand (S&D) model are reliable when:

  • companies sell identical products,
  • everyone involved (suppliers and consumers) has full knowledge
  • about the price and quality of the products or services being offered,
  • both the suppliers and consumers are price takers (have no control to dictate prices), and
  • the costs of trading are low

If one or more of these conditions are not met, then the S&D model wouldn´t work properly. In this specific case, the suppliers had much information about the quality of the used cars than their customers.

4 0
3 years ago
When using equity financing, firms run the risk of?
serg [7]
They run the risk of diluting the firm's ownership. Hope I helped! :)
8 0
3 years ago
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