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!
Explanation:
The computation of the ending inventory using the each method is shown below:
a. FIFO
Since the 57 units is in physical inventory so 40 units should be taken at $357 i.e from latest purchase and the remaining 17 units is at $342
= 40 units × $357 + 17 units × $342
= $20,094
b. LIFO
Since the 57 units is in physical inventory so 20 units should be taken at $360 and the rest 37 units at $342
= 20 units × $360 + 37 units × $342
= $19,854
c. Weighted average cost method
= Weighted average cost per unit × ending inventory units
where,
Weighted average cost per unit is
= $110,400 ÷ 320 units
= $345
And, the ending inventory units is 57 units
So, the ending inventory is
= 57 units $345
= $19,665
Answer:
Information Systems that various organizations or companies use.
Explanation:
In the modern globalized world the economy and customers change constantly. The Inter-organizational systems (also know as IOS) are essential tools to obtain information on what is required to be able to meet the demands of a changing market, thus saving time and resources. It also provides helpful information for companies to make better investments. An IOS will be planned and placed strategically within organizations in which they will locate key points of contact to receive feedback and use that information to establish patterns in the market. This will enable organizations to make wise, informed decisions for the future because they can anticipate the customers´ needs.
A product is made by a company and can be purchased by a consumer in exchange for money while brands are built through consumer perceptions, expectations, and experiences with all products or services under a brand umbrella.
Solution :
In the context, it is given Alex and J.J. both are applying for a job openings in a law firm at Chicago. Both of them got the job offer but J.J. got lower salary than Alex. The salaries are different for both J.J and Alex. Some of the possible explanations for the difference in salaries that may be related to some scenarios are :
- Alex went to higher tier law school ---- difference in education
- J.J. is reentering the workforce after two years away --- difference in experiences.
- Alex will be working with a notoriously difficult boss --- compensating differentials.
- Alex is a man and J.J. Is a woman --- economic discrimination.
