Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2518centenwinayes ACCTG 212 Fall 2021 YE Nick Trey & 09/06/21 5:30 PM Homework: Chapte... Question 5, P1-39A (boo... HW Score: 80%, 20 of 25 points

image text in transcribed
image text in transcribed
2518centenwinayes ACCTG 212 Fall 2021 YE Nick Trey & 09/06/21 5:30 PM Homework: Chapte... Question 5, P1-39A (boo... HW Score: 80%, 20 of 25 points Part 1 of 5 O Points: 0 of 5 Save As CEO of Aqua Marine, Carrie Easton knows it is important to control costs and to respond quickly to changes in the highly competitive boat-building industry. When CC Rose Consulting proposes that Aqua Marine invest in an ERP system, she forms a team to evaluate the proposal the plant engineer, the plant foreman, the systems specialist, the human resources director, the marketing director, and the management accountant. A month later, management accountant Mark Cole reports that the team and Rose estimate that it Aqua Marine implements the ERP system, it will incur the following costs (Click the icon to view Aqua Marine's anticipated project costs) ome The team estimates that the ERP system should provide several benefits (Click the icon to view Aqua Marine's anticipated project benefits) Opt Read the requirements Requirement 1. If the ERP installation succeeds, what is the dollar amount of the benefits? If the ERP installation succeeds, the dollar amount of the benefits is More Info - X n Hia Costs of the Project a $435,000 in software costs b. $95.000 to customize the ERP software and load Aqua Marine's data into the new ERP system c. $105,000 for employee training Reso Stuc More Info Icati - tity Benefits of the Project 2. More efficient order processing should lead to savings of 5105,000 b. Streamlining the manufacturing process so that it maps into the ERP system will create savings of $125,000 c. Integrating purchasing, production, marketing and stribution into Homework: Chapte... Question 5, P1-39A (boo... Part 1 of 5 HW Score: 80%, 20 of 25 points O Points: 0 of 5 Aqua Marine, Carrie Easton knows it is important to control costs and to respond quickly to changes in the highly competitive boat-bu ulting proposes that Aqua Marine invest in an ERP system, she forms a team to evaluate the proposal the plant engineer, the plant for the human resources director, the marketing director, and the management accountant. A month later, management accountant Mark Rose estimate that it Aqua Marine implements the ERP system, it will incur the following costs: More Info Costs of the Project a. $435,000 in software costs b. 595,000 to customize the ERP software and load Aqua Marine's data into the new ERP system c. $105,000 for employee training More Info Benefits of the Project a. More efficient order processing should lead to savings of $105,000 b. Streamlining the manufacturing process so that it maps into the ERP system will create savings of $125,000 c. Integrating purchasing, production, marketing, and distribution into a single system will allow Aqua Marine to reduce inventories, saving $225,000 d. Higher customer satisfaction should increase sales, which, in tum, should increase profits by 5155,000 Print Done Me Solve This Video Get More Help Clear All Ch stv i A MacBook Air 20 00 DO A # 3 $ 4 % 5 & 7 6 # CO 9

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial And Accounting Principles In Islamic Finance

Authors: Samir Alamad

1st Edition

3030162982, 9783030162986

More Books

Students also viewed these Accounting questions

Question

Tell me what you know about our organization and the position.

Answered: 1 week ago

Question

What are the general types of interviews? Explain each.

Answered: 1 week ago

Question

6 How can HRM contribute to ethical management and sustainability?

Answered: 1 week ago