BACKGROUND DATA Today's date 3/8/2021 Current list price, NRG -A RM2/bar Current list price, NRG-B RM2.5/bar Accounts receivable balance at start of business day, XYZ RM9,000 Corporation Credit limit, XYZ Corporation RM12,000 CURRENT ORDER Product NRG - A Amount 4 cases (2,000 bars) Price List Ship to XYZ headquarters Date desired 3/15/2021 Next Invoice number A1001 Documents in system No documents relating to XYZ are in the system A cheque from XYZ Corporation was received in yesterday's mail and entered into the accounting system. The cheque is for $2,000, applied to invoices from June's sales. The sales clerks are working from credit-limit printouts prepared at the beginning of the week (two days ago). Required: i. Based on the given information that is currently in the system, will credit be granted or denied for XYZ Corporation's current order? Justify your answer with calculations (5 marks) ii. If the system processed the data in a timelier way, would it change the answer as to whether credit be granted? Justify your answer with calculations (5 marks) b) As a result of the failure of Enron, as well as the high-profile bankruptcies of World Com and Global Crossing, the United States Congress passed the Sarbanes- Oxley Act of 2002. This act was intended to prevent the kind of fraud and abuse that led to the Enron downfall. Explain THREE (3) implications of the Sarbanes- Oxley Actfor ERP systems. (15 marks) (Tatal. 25 marle BACKGROUND DATA Today's date 3/8/2021 Current list price, NRG -A RM2/bar Current list price, NRG-B RM2.5/bar Accounts receivable balance at start of business day, XYZ RM9,000 Corporation Credit limit, XYZ Corporation RM12,000 CURRENT ORDER Product NRG - A Amount 4 cases (2,000 bars) Price List Ship to XYZ headquarters Date desired 3/15/2021 Next Invoice number A1001 Documents in system No documents relating to XYZ are in the system A cheque from XYZ Corporation was received in yesterday's mail and entered into the accounting system. The cheque is for $2,000, applied to invoices from June's sales. The sales clerks are working from credit-limit printouts prepared at the beginning of the week (two days ago). Required: i. Based on the given information that is currently in the system, will credit be granted or denied for XYZ Corporation's current order? Justify your answer with calculations (5 marks) ii. If the system processed the data in a timelier way, would it change the answer as to whether credit be granted? Justify your answer with calculations (5 marks) b) As a result of the failure of Enron, as well as the high-profile bankruptcies of World Com and Global Crossing, the United States Congress passed the Sarbanes- Oxley Act of 2002. This act was intended to prevent the kind of fraud and abuse that led to the Enron downfall. Explain THREE (3) implications of the Sarbanes- Oxley Actfor ERP systems. (15 marks) (Tatal. 25 marle