What is an ERP implementation plan? How does an organization choose between all the different implementation plans?
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An ERP implementation plan is used by organizations as a blueprint of the entire implementation. It is designed with all the cost, scope and time requirements in mind. Plans are evaluated by how well they fit with the project, the company, and the business rationale for the project. Plans can describe comprehensive ERP projects, where many of the ERP modules are implemented. A middle of the road ERP plan involves some changes in the core ERP modules and a significant amount of BPR. A vanilla ERP plan describes a project that uses the ERP software and embedded processes straight out of the box with little modification.
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Jaakola Corporation makes a product with the following costs: Per UnitPer YearDirect materials$17.00 Direct labor$22.00 Variable manufacturing overhead$4.00 Fixed manufacturing overhead $504,000 Variable selling and administrative expenses$4.90 Fixed selling and administrative expenses $319,200 ?The company uses the absorption costing approach to cost-plus pricing described in the text. The pricing calculations are based on budgeted production and sales of 28,000 units per year. The company has invested $360,000 in this product and expects a return on investment of 15%. The markup on absorption cost would be closest to:
A. 27.1% B. 15.0% C. 84.3% D. 29.9%
Punitive damages are also called ________ damages.
A. liquidated B. special C. exemplary D. nominal
The following investment requires table factors for periods beyond the table. Create the new table factor, rounded to five decimal places, and calculate the compound amount, rounding to the nearest cent: Term of Nominal Interest New Table Compound Principal Investment Rate Compounded Factor Amount $38,500 15 years 10% semiannually _________ _________
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Discuss the important factors to consider in deciding where to incorporate a business.
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