As CEO of WaterSpray Marine, Ramona Raney knows it is important to control costs and to respond quickly to changes in the highly competitive boat-building industry. When DMG Consulting proposes that WaterSpray 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 Chappel reports that the team and DMG estimate that if WaterSpray Marine implements the ERP system, it will incur the following costs: (Click the icon to view WaterSpray's anticipated project costs.) The team estimates that the ERP system should provide several benefits: (Click the icon to view WaterSpray's anticipated project benefits.) 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 Requirement 2. Should WaterSpray Marine install the ERP system? Why or why not? Show your calculations. Complete the table below to calculate the expected net benefits (costs) of the project (Use parentheses or a minus sign for net costs.) As CEO of WaterSpray Marine, Ramona Raney knows it is important to control costs and to respond quickly to changes in the highly compebtive boat-buliding industry. When DMG Consulting proposes that WaterSpray Marine invest in an ERP system, she forms a team to evaluate the proposat the plant engineer, the plant foreman, the More info Costs of the Project a. 5360,000 in software costs b. $87,000 to customize the ERP sofwware and load WaterSprays data into the new ERP system c. \$112,000 for employee training Benefite of the Project a. More efficient ordet processing should lead to savings of $105,000. b. Streamlining the manutacturing process so that it maps into the ERP system wil create savings of $275,000 c. Integrating purchasing. production, marketing, and distritution into a single system will alkw Waterspray Marine to reduce inventories, saving $225,000. d. Higher customer satisfaction should increase sales, which, in turn, should increase profits by $140,000. Requirements 1. If the ERP installation succesds, what is the dollar amount of the benefits? 2. Should WaterSpray Marine install the ERP system? Why or why not? Show your calculations. 3. Why did Raney create a team to evaluate DMGs proposal? Consider oach piece of cost-beneft information that management accountant Chappel reported. Which person on the toam is most likely to have contributed oach ilem? (Hint Which team member is likely to have the most information about each cost or benefi??) As CEO of WaterSpray Marine, Ramona Raney knows it is important to control costs and to respond quickly to changes in the highly competitve boa 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 Requirement 2. Should WaterSpray Marine install the ERP system? Why or why not? Show your calculations. Complete the table below to calculate the expected net benefits (costs) of the project. (Use parentheses or a minus sign for net costs.) Since the expected value of the benefits the total costs, WaterSpray undertake the project. Requirement 3. Why did Raney create a reported. Which person on the team is m or benefit?) sposal? Consider each piece of cost-benefit information that management acco each item? (Hint: Which team member is likely to have the most information ab are greater than are less than As CEU or Wairerspray Marine, Ramona Raney knows it is important to control costs and to respond quickly to changes in the highly competitive boat 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 Requirement 2. Should WaterSpray Marine install the ERP system? Why or why not? Show your calculations. Complete the table below to calculate the expected net benefits (costs) of the project. (Use parentheses or a minus sign for net costs.) Since the expected value of the benefits the total costs, WaterSpray undertake the project. Requirement 3. Why did Raney create a team to evaluate DMG's proposal? Consider e reported. Which person on the team is most likely to have contributed each item? (Hint: fit information that management accou or benefit?) s likely to have the most information abc As CEO of WaterSpray Marine, Ramona Raney knows it is important to control costs and to respond quickly to changes in the highly compective bootbulding industry Requirement 1, If the ERP installation succeeds, what is the dollar amount of the benefits? If the ERP installation succeeds, the doliar amount of the benefits is Requirement 2. Should WaterSpray Marine install the ERP system? Why or why not? Show your calculatiens. Complete the table below to calculate the expected nat benefirs (costs) of the project. (Use parentheses or a minus sign for net costs.) Since the expected value of the benefits the total costs, WaterSpray undertake the project: Requirement 3. Why did Raney create a team to evaluate DMG's proposal? Consider each plece of cost-benefit information that management accountant Chappei reported. Which person on the team is most likely to have contributed each item? (Hint: Which team member is likely to have the most information about each cost or benefit?) As CEO of WaterSpray Marine, Ramona Raney knows it is important to control costs and to respond quickly to changes in the highly compettve boat-bialding industry. Since the expected value of the benefits the total costs, Waterspray undertake the project Requirement 3. Why did Raney create a team to evaluate DMGs proposal? Consider each plece of cost-benefit information that management accountant Chappel reported. Which person on the team is most likely to have contrituted each item? (Hint: Which team member is likely to have the moat information about each cost or benefit?) Raney formed a team to evaluate the feasabity of installing an ERP system for the following reasons. (if an input fipld is not used in the table, leave the input feid ompty. do not select a label.) Consider each piece of cost-benefit information that management accountant Chappel reported. Which person on the team is most likely to have contributed each item? (Hint: Which team member is likely to have the most information about each cost or benefit?) (If an input feld is not used in the table, leave the input fieid empty, do nat select a label.) As CEO of WaterSpray Marine, Ramona Raney knows it is important to control costs and to respond quickly to changes in the highly competitive boat-bui Since the expected value of the benefits the total costs, WaterSpray undertake the project. Requirement 3. Why did Raney create a team to evaluate DMG's proposal? Consider each piece of cost-benefit information that management accountan reported. Which person on the team is most likely to have contributed each item? (Hint: Which team member is likely to have the most information about or benefit?) Raney formed a team to evaluate the feasabilty of installing an ERP system for the following reasons. (If an input field is not used in the table, leave the int do not select a label.) Forming a team would lower the cost of evaluating the system. She did not want to have sole responsibility for the decision. The project was probably too big for one person. The representatives of different functional business areas have different knowledge and information to contribute. The representatives of different functional business areas have the same knowledge and will offer similar perspectives. As CEO of WaterSpray Marine, Ramona Raney knows it is important to control costs and to respond quickly to changes in the highly competive boet-building industry. Since the expected value of the benefits the total costs, WaterSpray undertake the project. Requirement 3. Why did Raney create a team to evaluate DMG's proposal? Consider each piece of cost-beneft information that management accountant Chappel reported. Which person on the team is most likely to have contributed each item? (Hint: Which team member is likely to have the most information about each cost or benefit?) Raney formed a team to evaluate the feasability of installing an ERP system for the following reasons. (If an input feld is not used in the tabie, leave the input field amply; do not select a label.) Consider each piece of cost-benefit information that management accountant Chappel reported. Which person on the team is most likely to have contributed each item? (Hint: Which team member is likely to have the most information about each cost or benefit?) (if an input field is not used in the table, learve the input finld empty; do not Consider each piece of cost-benefit information that management accountant Chappel reported. Which person on the team is most likely to have contrituted each itam? (Hint: Which team member is likely to have the most information about each cost or benefit?) (If an input field is not used in the table, leave the input field ampty, do not solect a label.) As CEO of WaterSpray Marine, Ramona Raney knows it is important to control costs and to respond quickly to changes in the highly competifve boat-bulding industry. Eifis \begin{tabular}{|l|l|} \hline e. Estimate training costs \\ \hline f. & Savings from more efficient order processing \\ \hline 9. & Savings from streamlining the manufacturing process \\ \hline h. Evaluate the effects of integrating purchasing, production, \\ \hline marketing, and distribution into a single system \\ \hline 1. Estimate increase in sales from higher customer satistaction \\ \hline \end{tabular} As CEO of WaterSpray Marine, Ramona Raney knows it is important to control costs and to respond quickly to changes in the highly competitive boa Consider each piece of cost-benefit information that management accountant Chappel reported. Which person on the team is most likely to have con (Hint: Which team member is likely to have the most information about each cost or benefit?) (If an input field is not used in the table, leave the input