There can be many bad managerial decisions that led to failed outcomes.
What were the bad managerial decisions made that led to a failed outcome?
- The top management decided to pursue a quick and aggressive implementation schedule.
- To predict the sales demand in Canada, mid-managers populated the ERP system with benchmark data from US operations.
- The system's auto-replenishment feature is disabled by store managers because there are insufficient checks and balances.
What is the critical issue in ERP implementation?
To benefit from an ERP solution, a significant amount of change must be carefully managed after an ERP implementation. Top management's commitment, process reengineering, the ERP's integration with other business information systems, the choice and management of consultants and employees, and employee training on the new system are crucial factors that must be carefully taken into account to ensure successful implementation.
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Answer: C) Corporation
Explanation: A Corporation can be Simply defined as a legal entity who's privileges, liabilities and rights are different or separate from the group of person who created it. That is, if the business get sued to court, what ever the punishment or retribution is, it will not directly affect the owners but the business itself. If the company's car on duty accidentally crashed into a person's shop, the company will pay for it, not the driver or the owners of the business.
So corporation means any group of person with a legal entity.
Answer:
Company A
Journal Entries:
Debit Raw materials inventory $96,000
Credit Cash Account $96,000
To record the purchase of raw materials for cash.
Debit Manufacturing Overhead $24,000
Credit Raw materials inventory $24,000
To record the issue of raw materials as factory supplies.
Debit Work in Process $63,300
Credit Raw materials inventory $63,300
To record the issue of raw materials to production.
Explanation:
The journal entries above record the transactions regarding the purchase of raw materials and the uses of the raw materials in production. The entries identify the accounts involved for each transaction and which accounts would be debited or credited.
Answer:
The Journal Entry is shown below in the explanation section
Explanation:
The first step to take is to make use of the Journal entry.
Journal Entries for issuing Bonds
1 May Cash 800,000
Bonds Payable 800,000
1 Nov Interest expense 24,000
Cash 24,000
(800,000* 6%*6/12)
31 Dec Interest expense 8000
Interest Payable 8000
(800,000* 6%* 2/12)
A tax imposed on the sellers of a good will lower the effective price received by sellers and lower the equilibrium quantity.
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Explanation:
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A contribution that is given to the state for increasing the revenue refers to tax. The tax amounts are decided by the government. This will be based on the income of an individual and some of the cot that is added to the goods and services.Tax will be imposed on buyers and also the sellers of specific goods and services.
Price determines the equilibrium quantity of any products or services. When the price of any product increases it will affect the supply and demand of those products or services. The tax imposed on the sellers will reduce the effective price received by sellers and lower the equilibrium quantity.