Question I (30 marks)
Salma started Bag Zone in Riverside with the goal of providing good quality
handbags. Unique designs and utilizing uncommon materials for the making of the
handbags is her competitive advantage, and completed can be wholesaled
to fashion retailers or placed on consignment in local retail shops. Additionally, the
handbags can also be sold directly to consumers by displaying the prcxlucts at fashion
or craft shows or selling them online. Business has been brisk and she has established
a sizeable client base over the last five years. She thinks that it could be the time to
spend in an information system to record details about the sales, payroll process and
offer more details about the inventory
Salma believes that it will be possible to modernize some of the business process for
reducing the amount of time, which it is taking for data processing. She wants to
up four further stores throughout the next three years. Systems used should be capable
of supporting these developments
Currently, Salma finds that no details are captured by the system about the customer.
Only details about the purchased goods, the method ofpayment, member of the staff,
purchased quantity, and price & totals are captured.
It has been that levels of stock are recorded by using the stock card. It can
be seen that the details of the new inventory are entered into the cards when the new
stock and details of sold units are changed at the termination of each trading day. It
is very clear that when things become hectic, marketing off stock sheets can be
forgotten and hence they are not very exact. To know the level of the stock item, the
physical check is needed.
Required
As you have knowledge about information systems, would you provide assistance
to Salma in solving various issues like maintenance of customer details,
maintenance of marketing off stock sheets, collection of useful data for sales
forecasting and accurate calculation of wages & to electronically pay staff. You
should indicate that your suggestion would help each of the stores to improve the
organizational performance along with store's efficiency.

Answers

Answer 1

Based on the information given, the assistance that can be given to Salma to solve issues like maintenance of customer details, maintenance of marketing of stock sheets, etc will be enterprise resource planning.

Enterprise resource planning is a software that is used by organizations to manage day-to-day business activities like project management, risk management, accounting, procurement, etc.

The functions that can be performed by the enterprise resource planning include:

Displaying current balance.Recording transactions.Tracking wastage.Providing information on project scope.Summarizing customer billing, invoice collection, budgeting, etc.

In conclusion, enterprise resource planning will be a valuable tool for the company to improve its revenue.

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Related Questions

Beacon Corporation issued a 7 percent stock dividend on 22,500 shares of its $9 par common stock. At the time of the dividend, the market value of the stock was $28 per share. Required Compute the amount of the stock dividend. Show the effects of the stock dividend on the financial statements using a horizontal statements model. Prepare the journal entry to record the stock dividend.

Answers

1. The amount of the stock dividend is $44,100 (1,575 x $28) because it is a small stock dividend, that is, less than 25%.  A small stock dividend is recorded at the market price instead of the par value.

2. The effects of the stock dividend on the financial statements are as follows:

Balance Sheet                          Retained Earnings   Statement of Cash Flows

Assets = Liabilities + Equity        

Assets = $44,100 + ($44,100)          ($44,100)            None

Data and Analysis:

Common stock at $9 par value

Stock dividend shares = 1,575 (22,500 x 7%)

Par Value of stock dividend = $14,175 (1,575 x $9)

Additional Paid-in Capital = $29,925 (1,575 x $19

Market value of the stock per share = $28

Retained Earnings $44,100 Additional Paid-in Capital $29,925 Common Stock $14,175

Stock Dividend $44,100 Stock Dividend Distributable $44,100

Thus, the effects of the issuance of the 7% stock dividend are the creation of a liability of $44,100 and a reduction of the Retained Earnings, which are transferred to the Common Stock and Additional Paid-in Capital.

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If oligopoly firms decide to work together, either formally or informally, and honor the agreement then profits can be ________ by ________ output and ________ the price of goods and services. maximized; increasing; increasing maximized; increasing; increasing maximized; reducing; increasing maximized; reducing; increasing minimized; reducing; increasing

Answers

If the oligopoly firms decide to work together and honor the agreement, then, profits can be maximized by reducing output and the increasing price of goods and services.

The market of oligopoly firm is one that consists of small number of firms that have substantial influence in the particular industry.

Some oligopoly market include auto industry, air travel industry etc

Either formally or informally, If the oligopoly firms decide to work together and honor the agreement, then, profits can be maximized by reducing output and the increasing price of goods and services.

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The exchange of factors of production for income occurs in the
market.

Answers

Answer: Factor!

Explanation:

just took the test 2021

The exchange of factors of production for income occurs in the factor market.

What is production?

Production alludes to the number of units a firm results over a given timeframe. A firm that works effectively ought to achieve sound information. The variables of creation are a significant monetary idea illustrating the components expected to deliver a decent or administration available to be purchased.

A market is a market where variables of creation are traded. Factor markets dispense elements of creation, including area, work and capital, and appropriate pay to the proprietors of useful assets, like wages, rents, and so forth.

Factor markets are the business sectors where the elements of creation are exchanged. Land, work, and capital are found in customary component markets.

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Suppose the country of Lilliput exported $205 billion worth of goods and imported $449 billion worth of goods in the last calendar year. Calculate Lilliput's net exports. $ billion Lilliput is running a trade surplus. neither a trade deficit nor a trade surplus. a trade deficit.

Answers

Lilliput's net exports are ($244 billion).  Therefore, Lilliput is running a trade deficit of $244 billion.

A trade surplus implies that Lilliput's exports are greater in value than its imports. A situation of "neither a trade deficit nor a trade surplus" exists when the exports are equal in value to the country's imports.

Data and Calculations:

Lilliput's exports = $205 billion

Lilliput's imports = $449 billion

Net exports for Lilliput = ($244 billion)

Thus, Lilliput is running a trade deficit of $244 billion because its imports are worth more than its exports.

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Is L. Gore a mechanistic or an organic organization?

Answers

organizational structure

If you had to explain to someone what “citing a source” means, how would you describe it?

Answers

Answer:

A citation identifies for the reader the original source for an idea, information, or image that is referred to in a work. In the body of a paper, the in-text citation acknowledges the source of information used. At the end of a paper, the citations are compiled on a References or Works Cited list.

In the context of the common mistakes made during succession planning, the provisions of the _____ require boards to increase the priority of CEO succession.

Answers

Firms often have different ways of appointing successors. In the context of the common mistakes, the provisions of the Sarbanes-Oxley Act require boards to increase the priority of CEO succession.

The Sarbanes-Oxley Act provisions is known to input more demands that boards do in CEO succession planning.

The Sarbanes–Oxley Act of 2002 is a common United States federal law that gives power for some specific practices in financial record keeping and reporting for corporations.

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Workplace safety measures that can help prevent disasters like the Deepwater Horizon oil spill include:

Answers

Answer:

Remote shutoff capability. Require additional back-up systems to shut down offshore wells automatically. ...

Relief well capability. At minimum, adopt Canada's "same-season relief well capability" requirement. ...

Spill penalties. Impose meaningful financial penalties for deepwater spills. ...

Energy legislation. ...

Moratorium.

Explanation:

hope this helps

Lay's Meat Market has 8,000 shares of stock outstanding at a price per share of $13. What will the price per share be if the firm declares a 3-for-5 reverse stock split

Answers

The price per share be if the firm declares a 3-for-5 reverse stock split is $21.67.

First step is to calculate the number of shares

Number of shares=[(8,000/$13)×3/5]

Number of shares=369.23

Second step is to calculate the price per share using this formula

Price per share=Shares of stock outstanding/Number of shares

Let plug in the formula

Price per share=8,000/369.23

Price per share=$21.666

Price per share=$21.67 (Approximately)

Inconclusion the price per share be if the firm declares a 3-for-5 reverse stock split is $21.67.

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At the Bourg Company, a primary ______ is to increase the monthly revenue by 10%. Bourg considers revenue targets a key part of the company strategy. The targets at the Bourg Company are stated in clear, precise, and measurable terms, and they always specify a time frame for completion.

Answers

Considering the subsequent description given in the question, At the Bourg Company, a primary sales goal is to increase the monthly revenue by 10%.

This is evident in the fact that Bourg considers revenue targets a vital part of the company strategy. Here, the revenue of a company is derived from sales.

Also, given that the targets at the Bourg Company are stated in clear, precise, and measurable terms, and they always specify a time frame for completion, this is an example of a sales goal.

Sales goal is a term used in business management to describe the defined goals for a firm's sales team.

Sales goals could be expressed as increasing revenue by 13% in a year or improving customer retention by 18%.

Hence, in this case, it is concluded that the correct answer is "sales goals."

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An investment of $2,000 pays interest of 1.5% per month. What will be the value of this investment at the end of 3 years

Answers

Answer:

2122.502

Explanation:

you first multiply the interest rate with the amount and then take the you got add it with the amount to get the final answer

Management at Work

Imagine that you have been a production operator manager for two years at a large gas distribution company. Recently, your director told you that the company is planning a large restructure, but that your department will not lose any employees. You decide that you need to use personal communication techniques to reach out to the people on your team and convince them that they are safe and they need to maintain their productivity levels for the upcoming year.

Fortunately, you have a large personal network of diverse contacts both inside and outside the company. But you know that some of your employees have much smaller networks, and you worry that they will not have the contacts they need in order to get a good perspective on the restructuring. Which of the following pieces of advice should you give to your employees to help them build their networks?

CHECK ALL THAT APPLY
- Make sure that when you build your network, you don’t always expect your contacts to be giving to you. You have to give as well as receive in order for a network to be effective.
- You’re going to have a hard time building a network that you can use to support you through this restructuring, but start now to build your network before you need it the next time.
- Reach out to people and do as many activities as you can with them. Try to fill your calendar so that you connect with as many people as possible.
- Try to fill your network with people who are very similar to you, preferably people who do the same kind of work you do and people who have non-work backgrounds similar to yours. This will make it easier to develop relationships with them.

Answers

Answer:

✔ Make sure that when you build your network, you don’t always expect your contacts to be giving to you. You have to give as well as receive in order for a network to be effective.

✔ You’re going to have a hard time building a network that you can use to support you through this restructuring, but start now to build your network before you need it the next time.

✔ Reach out to people and do as many activities as you can with them. Try to fill your calendar so that you connect with as many people as possible.

✘ Try to fill your network with people who are very similar to you, preferably people who do the same kind of work you do and people who have non-work backgrounds similar to yours. This will make it easier to develop relationships with them.

Benefits of Digital Communication
This activity is important because the Internet has created tremendous opportunities for companies to forge relationships with consumers and business customers, target markets more precisely, and even reach previously inaccessible markets around the world. Digital communication offers a completely new dimension in connecting with others. There are five characteristics that distinguish digital from traditional communication: addressability, interactivity, accessibility, connectivity, and control. This exercise explores the meaning of these characteristics and how they enhance marketing.
The goal of this activity is to demonstrate your understanding of both digital media and digital marketing, as well as demonstrate the role of digital marketing and social networking in today’s business environment. Roll over the items to read the hints. Match the company actions to the correct characteristic.
a. Procter & Gamble
b. Marketers at Apple
c. Benjamin Moore & Co.
d. NASCAR
e. Apple’s website
1. Addressability
2. Interactivity
3. Accessibility
4. Connectivity
5. Control

Answers

Answer:

1.C.Benjamin Moore & Co.

2.A.Procter & Gamble

3.D.NASCAR

4.B.Marketers at Apple

5.E.Apple's website

#carryonlearning

The correctly matched company actions and their characteristic:

Addressability - Benjamin Moore & Co.Interactivity - Procter & GambleAccessibility - NASCARConnectivity - Marketers at AppleControl - Apple’s website

What are the benefits of Digital Communication?

The act of communicating information from one person to another through digital equipment is known as digital communication. A text message or email can be sent, or it might be more complicated like using social media or video conferencing. Communication is more crucial than ever in today's digital environment.

Digital communication has several advantages, including the capacity to interact with individuals from all over the world and the capacity to communicate more effectively and efficiently. Digital communication can present certain difficulties, too, including the possibility of misunderstandings and the requirement for strong cyber security. This is crucial for companies who wish to promote their products or services.

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a) A customer wants to return a never-worn pair of shoes and a dress that was worn
once. The customer paid $90 for the shoes and $125 for the dress. What is this
customer's refund amount for her returns? (2 points)

Answers

Answer:

$215

Explanation: You sum the amount of money spent on each item, and refund that amount to the customer. 90 + 125 = 215.

Which of the following tactics is NOT a good way to improve your writing?

a. To have more impact on readers, write a longer memo.
b. Write without jargon and use simple words.
c. Ask someone else to read your writing before sending it out.
d. Get to the point of the memo quickly.

Answers

Answer:

To have more impact on readers, write longer memos.

Explanation:

This won't necessarily improve your writing as you may not deliver your message clearly across to your reader if you use long or wordy memos, rather a simple straight to the point memo will be more effective.

Answer:

a. To have more impact on readers, write a longer memo.

Explanation:

The process of exchange of goods or services from sellers to buyers is referred to as:
A supply B. market C demand D. production​

Answers

Answer:

Marketing

Explanation:

Hope this helps!

Analyze the transactions and indicate whether each transaction is an operating activity, investing activity, financing activity, or noncash investing and financing activity.

Answers

The purchase of the machine for $30,000 will be recorded as noncash investing and financing activities.

In accounting, statement of cash-flow is a statement that calculate the amount of cash and cash equivalents that comes and leaves the company.

The section of the statement of cash-flow are divided into the operating activities, investing activities and financing activities.

The significant noncash financing and investing activities are reported on the company's income statement.

In conclusion, the Option D is correct because the purchase of the machine for $30,000 will be recorded as noncash investing and financing activities.

Missing word includes "Purchased a machine for $30,000, giving a long-term note in exchange."

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The question is

b) why does the equilibrium quantity remain the same even after the demand and supply curves change from D1 to D2 and S1 to S2 respectively? ​

Answers

The answer would be from change D1

On January 1, 2021, Kendall Inc. began construction of an automated cattle feeder system. The system was finished and ready for use on September 30, 2022. Expenditures on the project were as follows: January 1, 2021 $ 215,000 September 1, 2021 $ 318,000 December 31, 2021 $ 318,000 March 31, 2022 $ 318,000 September 30, 2022 $ 215,000 Kendall borrowed $756,000 on a construction loan at 9% interest on January 1, 2021. This loan was outstanding throughout the construction period. The company had $4,530,000 in 9% bonds payable outstanding in 2021 and 2022. Interest (using the specific interest method) capitalized for 2021 was:

Answers

Based on the information given using the specific interest method interest capitalized for 2021 was: $28,890.    

First step is to calculate the expenditure for the year    

Expenditure for the year

January 1, 2021              $215,000×12 /12=$215,000

September 1, 2021         $318,000×4 /12=$106,000

December 31, 2021        $318,000×0    =$0                

Total                                $851,000         $321,000

Second step is to calculate

the Interest Capitalized for 2021

2021 Interest Capitalized=$321,000×9%

2021 Interest Capitalized=$28,890

Inconclusion  using the specific interest method interest capitalized for 2021 was: $28,890.

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Suppose that one US dollar buys 1.50 Swiss francs. A chocolate bar costs 0.75 francs in Switzerland. How much will the chocolate bar cost in US dollars?


Compared to country Y country X has a comparative advantage I’m producing computers. Country Y has a comparative advantage over country x in producing automobiles. How can the two countries best take advantage of this situation?

Answers

Answer: 1) 50 cents 2) they can trade with each other

Explanation of question 1

Ratio of dollars to francs

1: 1.5

The chocolate costs 0.75 francs. Divide 1.5 by 0.75 to find the multiplier in the ratio which is 2. Divide $1 by 2 to get 50 cents

If all could be answered it would be great. I am a Teachers Assistant but wasn't there for her lesson so I unfortunately do not have access to the lesson. if these can be explained, I'd appreciate it! thank you.​

Answers

Answer: 1 to build positive connection with clients

              2 Handle the situation in a proper manner never break your position

              3 try and give step by step instruction in order resolve or overcome the issue

             4 same deal just a communitive walk through for the customer so it easy to understand and comprehend  

               5 stress is tough i admit but there are was to prohibit this. such as do one thing at once staying focused and never break out of the work force habitat so to say

Explanation:

Use your knowledge of the roles people assume on teams to complete the sentence.

As the team works together, Carol plays a ______________________, diffusing conflicts and helping everyone feel welcome to contribute ideas.

a. technology manager role
b. task specialist role
c. diversity manager role
d. socioemotional role

Answers

Answer:

d. socioemotional role

Explanation:

As the team works together, Carol plays a socioemotional role, diffusing conflicts and helping everyone feel welcome to contribute ideas.

Answer:

Carol is playing the socioemotional role of the team

Explanation:

Reducing an employee’s compensation because of poor performance is known as negative reinforcement.

Answers

Answer:

Explanation:

True

The CEO of Tough Mudder believes that teams in his company are not working as effectively as they could, and he is asking you for advice. Provide the best answer to his question.

“Our teams in different countries have learned a great deal, so I am putting together an international team to study and share the best practices that have been developed. This team will have people from each continent where we operate. How should I plan to manage this team?”

a. To promote a sense of privacy, do not monitor online team communications. Keep information that may change frequently to yourself, as sharing it would be confusing.
b. Speak about everyone on the team as though they are the same to help team members feel they are being treated equally. Do not single people out for special recognition.
c. Encourage team members to socialize online by sharing photos and videos. Reach out to people from cultures where proactively sharing ideas is not valued.
d. Understand that some people use online technology more than others and cannot be expected to participate as much. Accept that Internet culture often involves “trolling,” or disrespectful disagreement, and do not interfere if this happens.

Answers

Answer:

c. Encourage team members to socialize online by sharing photos and videos. Reach out to people from cultures where proactively sharing ideas is not valued.

g What are the causes of rising government budget deficits when expansionary fiscal policy is used during recessions

Answers

Answer:

reduced economic activity  and increased government borrowing

Explanation:

Expansionary fiscal policy increases the level of aggregate demand, through either increases in government spending or reductions in tax rates. Expansionary policy can do this by (1) increasing consumption by raising disposable income through cuts in personal income taxes or payroll taxes; (2) increasing investment spending by raising after-tax profits through cuts in business taxes; and (3) increasing government purchases through increased federal government spending on final goods and services and raising federal grants to state and local governments to increase their expenditures on final goods and services.

How much interest will the account have earned when Mary takes out all the money on her 21st birthday

Answers

I just want some points

“Marketing is Significant for Both Profit and Non-Profit Organizations”Do you agree with this statement? Explain​

Answers

Answer:

yes i agree

Explanation:

Marketing is an easy task. Its more than legally not allowed from standing your case on a small budget with a limited number of financial resources. It can be a little tricky, it's with people with a certain problem, they're funded by giving you money who they'll never see again. Lining lining. There is an activity type like real type, tag, tag, people, people, real type. in addition to. Cut off a big plane.

How To Get To London Southend Airport Taxi?

Answers

Answer:

call to taxi. ....

Explanation:

.........

You work for an accounting firm. Just last week the state legislature passed reforms to the state tax code. The revised tax code was published with an accompanying online report. You have been asked by your supervisor to compress the main points from the online report. What type of short informational report have you been asked to write

Answers

A summary is simply known as a short explanation of a work's content. The type of short informational report that I have been asked to write is a summary.

A summary report can consist of;  

The author's major supporting ideas. They show the author's purpose in writing etc.

A summary often start with an introductory sentence that talks about the text's title, author and main point of the text as you see it.

A summary is often written in your own words and it should have the ideas of the original text.

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Answer:

A summary is the answer.

Explanation:

Suppose a self-regulating economy is in a recessionary gap at the time the Fed enacts expansionary monetary policy. Furthermore, suppose the Fed is able to enact expansionary monetary policy in such a precise way that the economy moves from a recessionary gap into long-run equilibrium, if there are no other changes in the economy. The combination of expansionary monetary policy and a self-regulating economy will cause: __________

a. Real GDP to rise to a level above Natural Real GDP
b. Real GDP to rise to a level below Natural Real GDP
c. Real GDP to rise to a level dqual to Natural Real GDP.
d. a recessionary gap to turn into an inflationary gap.

Answers

Considering the situation described above, the combination of expansionary monetary policy and a self-regulating economy will cause "Real GDP to rise to a level equal to Natural Real GDP."

This is because when Real GDP rises to a level equal to Natural Real GDP, that means the economy has adjusted such that the economy moves from a recessionary gap into long-run equilibrium.

Generally, the Real GDP shows the actual production level of a country, and as such, when there is neither inflation nor deflation, Real GDP equals Natural Real GDP.

Hence, in this case, it is concluded that the correct answer is option C. "Real GDP to rise to a level equal to Natural Real GDP."

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Which cash crop was the most significant in ninteenth century Texas?A. Cotton B. Corn C. Rice D. Tobacco The consumption of soda and water from plastic bottles is a growing global issue. Every minute, people in the world purchase one million plastic bottles. If all of the plastic bottles used in a year were lined up, they would stretch half-way to the sun. As individuals look around the world, they see an increasing number of plastic bottles. These bottles have piled on top of an isolated uninhabited island, landed on Arctic shores, and found their way into the fish people eat. Plastic bottles can be recycled, but recycling plants face two major problems. In the first place, people are not recycling all of their plastic bottles. Instead, many plastic bottles end up in the trash. Furthermore, people are buying and discarding plastic bottles at a rate that recycling plants cannot match. What can be done to stop the global plastic bottle crisis? People can recycle all of the plastic bottles that they buy. Even better, individuals can stop purchasing plastic bottles and use reusable bottles instead. Finally, companies that produce plastic bottles can use recycled plastic and invent a process to reuse plastic bottles. When everyone works together, the world can become a cleaner, healthier place.What is the overall structure of this text? aCause and effect bChronological order cCompare and contrast dProblem and solution Sodium hydroxide neutralises hydrochloric acid as shown in the equation:NaOH(aq) + HCl(aq) i NaCl(aq) + H2O(l)(4)dm3(3)The student found that 27.20 cm3 of 0.100 moles per dm3 sodium hydroxide neutralised 5.00 cm3 of hydrochloric acid.Calculate the concentration of the hydrochloric acid in moles per dm3.Give your answer to three significant figures. 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