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svp [43]
3 years ago
7

The main objective of enterprise systems is to create competitive advantage by streamlining business activities within and outsi

de a company. Group of answer choices false true
Business
1 answer:
Romashka [77]3 years ago
6 0

Answer:

True

Explanation:

Enterprise system, which is also referred to Enterprise resource planning (ERP)  refers to a business software which is implemented centrally so as to help coordinate and exchange data smoothly between departments and people.

Such a system makes it convenient for the businesses to share information within as well as with outside parties of an organization and helps integrate information between different departments.

Initially, the ERP software was primarily used by businesses for internal business processes but gradually it has been applied for suppliers, customers and outside business functions.

Effective application of such a system ensures competitive advantage to an enterprise.

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ABC, Inc.'s income statement shows Service Revenue of $40,000, Wages Expense of $25,000 and Net Income of $1,000. The other expe
Temka [501]

Answer:

A) $14,000.

Explanation:

In the profit or loss statement, the key elements are sales and expenses and the net of these two gives the net income.

Given

Service Revenue = $40,000,

Wages Expense = $25,000

Net Income = $1,000

Total expense = $40,000 - $1,000 = $39,000

The total expense is made of the wage expense and other expenses.

Therefore, other expenses = $39,000 - $25,000

= $14,000

3 0
3 years ago
If hat size and iq are positively correlated, which of the following is true? people with large heads tend to have high iqs. peo
zmey [24]
People with large heads tend to have high iqs.
6 0
3 years ago
You have decided to buy a used car. The dealer has offered you two options: (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use
Marysya12 [62]

Answer:

1. In option (a), the dealer would charge $18,213.54.

b. In present value terms, the one-time payment (option (b) is a better deal for the purchaser.

Explanation:

a) Data and Calculations:

Monthly payment for a used car = $620

Payment period = 20 months

Additional payment at the end of 20 months = $12,000

Annual interest rate = 24%

One-time payment for the car purchase = $16,864

From an online financial calculator, the present value of the payments is:

N (# of periods)  20

I/Y (Interest per year)  24

PMT (Periodic Payment)  620

FV (Future Value)  12000

Results

PV = $18,213.54

Sum of all periodic payments = $12,400.00

Total Interest = $6,186.46

3 0
3 years ago
The Federal Reserve's tools to control the money supply include open-market operations, the discount rate, and interest payments
leva [86]

Answer:

PART-1  

How should each instrument be changed if the Fed wishes to decrease the money supply?

The Fed would deportment open-market sales, increase the discount rate, and raise interest paid on reserves.

PART-2)  

Will the change affect the monetary base and/or the money multiplier?

The money multiplier refers to the capacity of money that financial institute like banks produce with each dollar of funds. Money base is exaggerated by the open-market processes and discount rate. Any alteration in interest expenditures on reserves modifies the money multiplier.

3 0
4 years ago
The journal entry to record the use of utilities in a factory could include which two of the following: (You may select more tha
evablogger [386]

Answer:

The correct options are:

A. Debit to Factory Overhead

D. Credit to Factory Utilities Payable

Explanation:

The debit entry of the use of utilities in  a factory would be recorded in factory overhead since cost of utilities is a not a direct factory cost.

However, the corresponding credit would be in the factory utilities payable as an obligation awaiting payment to be made to  the supplier of  the service being enjoyed by the factory in order to run on daily basis

6 0
3 years ago
Read 2 more answers
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