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2 years ago

How can integrating SCM, CRM, and ERP help improve business operations at your place of work or school

Business

1 answer:

zalisa [80]2 years ago

8 0

Answer:

The integration of those systems will have the power to improve the operations by giving more information and control to the managers and help them in the decision making process.

Explanation:

First of all, the name of "Supply Chain Management" refers to a system that is used in the companies in order to have information and control what it is known as the flow of the goods and services since the raw materials until the final good consumed by the final user.

Secondly, a "Customer Relationship Management" is another system that focus more priorily in the attention to the consumer and the relationship that the company has with him, meaning that in that system all the information related to the customer is held

Finally, an "Enterprise Resource Planning" is also a system that helps the managers to resolve the problems more superiors related to the high management and the decision making process that is involved in those areas due to the fact that it provides a continuous and real life time focus of the situation of the company as a whole.

To sum up and in order to respond to the question, those three systems can help any business to improve its operations due to the simply fact that it will have a major control of what happens and that will mean more information for the decision making process that will lead to better results and profits.

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On October 1, 2021, Blue Corp. issued $744,000, 7%, 10-year bonds at face value. The bonds were dated October 1, 2021, and pay i

Luda [366]

Answer:

Blue Corp.

Journal Entry

Date Account Titles and Explanation Debit Credit

Oct. 1, 2021 Cash $744,000

Bonds Liability $744,000

To record the issuance of the 7%, 10-year bonds at face value.

Explanation:

a) Data and Analysis:

Face value of 7%, 10-year bonds = $744,000

Bonds issue = at face value

Issue date = October 1, 2021

Interest payment = annual

Interest payment date = October 1

Annual interest payment = $52,080 ($744,000 * 7%)

Records on December 31, 2021:

Accrual of interest for the year:

Interest Expense $13,020

Interest payable $13,020

To accrue interest for 3 months.

Records on October 1, 2022:

Interest Expense $39,060

Interest payable $13,020

Cash $52,080

To record the interest payment.

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3 years ago

What kind of inventory tracking system shows the cost and gross profit margin in each item?

amm1812

The gross profit method is an inventory tracking system that shows the cost and gross profit margin on each time. The gross profit method allows a company to see how much money they would profit from their inventory on hand after they subtract the cost of good solve (COGS). Businesses can choose to do this daily, weekly, monthly or yearly depending on their business and accounting/book keeping needs. Each type of business has periods and those periods are what mades them stay on track with accounting.

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3 years ago

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You think this intensive production schedule will deplete the nutrients in the soil, which ensure good wheat. Does this matter i

katovenus [111]

Yes, it matters very much. The crops that will plant on our farmlands ought to be rotated in such a way that the soil fertility will be maximized. If the nutrients in the soil are depleted, the soil will become infertile and the yields that a farmer will get from his planting will be drastically low. Thus, it is important to protect soil nutrients at all time during planting operation.

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3 years ago

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One of the most important factors for economic growth to take place is that a society must A. consume less than they produce. B.

STALIN [3.7K]

Answer:

Option A: consume less than they produce.

Explanation:

Economic Growth is simply defined as how much a country's GDP grows in one year.

GROSS DOMESTIC PRODUCT also known as GDP is said to be the total value of the goods and service that are produced in that country within one year period.

The higher a county's GDP, the better standard of living for the people within the country. It can get better if a country produce more. for a country to have a higher GDP, it must invest in human capital through education and training, it must produce goods that have value to be sold within the country or exported and others.

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3 years ago

Suppose Kenji would like to use $3,000 of his savings to make a financial investment. One way of making a financial investment i

Paraphin [41]

Answer:

Selling stocks to raise money is a practice known as equity financing. Stocks are equity. Equity are assets minus liabilities.

Stocks would give Kenji partial ownership of the firm. The amount of ownership demends of how many stocks he buys.

If NanoSpeck runs into financial difficulty, people that hold bonds will be paid first than people who hold stocks. Bonds, contraty to stocks, are liablities, not equity, and when a company declares bankruptcy, it has to pay liablities first, and if there is any money left, it then pays to stockholders.

A) Untrue - If Kenji buys stocks from another stockholder, the revenue goes to the stockholder, not to NanoSpeck.

B) True - The value of stocks largely depend on economic expectations. If the economy is expected to enter a recession, the value of Kenji's stock will most likely go down.

C) True - If the market considers that NanoSpeck is in a healthy financial position, then, the Nano Speck stocks that Kenji holds will likely rise in value.

Explanation:

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3 years ago