i need help with this question please it is really confusinh
As CEO of SeaSpray Marine, Ramona Raney knows it is important to control costs and to respond quickly to changes in the highly competitive boat-building industry. When ABC Consulting proposes that SeaSpray 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 Mike Cole reports that the team and ABC estimate that if SeaSpray Marine implements the ERP system, it will incur the following costs. Click the icon to view SeaSpray's anticipated project costs.) The team estimates that the ERP system should provide several benefits: Click the icon to view SeaSpray's anticipated project benefits.) Read the requirements Requirement 1. If the ERP installation succeeds, what is the dollar amount of the benefits? Requirements nel costs) 1. If the ERP installation succeeds, what is the dollar amount of the benefits? 2. Should SeaSpray Marine install the ERP system? Why or why not? Show your calculations. 3. Why did Raney create a team to evaluate ABC's proposal? Consider each piece of cost-benefit information that management accountant Cole 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?) Print Done that management accountant Cole reported. Which person on the team is most likely to have contributed each item? (Hint Which team member Choose from any list or enter any number in the input fields and then continue to the next question. As CEO of SeaSpray Marine, Ramona Raney knows it is important to control costs and to respond quickly to changes in the highly competitive boat-building industry. When ABC Consulting proposes that SeaSpray 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 Mike Cole reports that the team and ABC estimate that if SeaSpray Marine implements the ERP system, it will incur the following costs (Click the icon to view SeaSpray's anticipated project costs.) The team estimates that the ERP system should provide several benefits (Click the icon to view SeaSpray's anticipated project benefits.) Read the requirements i More Info - Re If Rd ca E Benefits of the Project a. More efficient order processing should lead to savings of $185,000 b. Streamlining the manufacturing process so that it maps into the ERP system will create savings of $245,000. c. Integrating purchasing, production, marketing, and distribution into a single system will allow SeaSpray Marine to reduce inventories, saving $225,000 d. Higher customer satisfaction should increase sales, which in turn, should increase profits by $160,000 More Info ES NO Si mber RU mar Costs of the Project a. $360,000 in software costs b. $80,000 to customize the ERP software and load SeaSpray's data into the new ERP system c. $109,000 for employee training Chod As CEO of SeaSpray Marine, Ramona Raney knows it is important to control costs and to respond quickly to changes in the highly competitive boat-building industry. When ABC Consulting proposes that SeaSpray 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 Mike Cole reports that the team and ABC estimate that if SeaSpray Marine implements the ERP system, it will incur the following costs: (Click the icon to view SeaSpray's anticipated project costs.) The team estimates that the ERP system should provide several benefits Click the icon to view SeaSpray'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 SeaSpray Marino install the ERP system? Why or why not? Show your calculations Complete the table below to calculate the expected not benefits (costs) of the project (Use parentheses or a minus sign for not costs) Expected benefits Expected costs Net benefits (costs) Since the expected value of the benefits the total costs, SeaSpray undertake the project Requirement 3. Why did Raney create a team to evaluate ABC's proposal? Consider each piece of cost-benefit information that management accountant Cole 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?) Choose from any list or enter any number in the input fields and then continue to the next question. As CEO of SeaSpray Marine, Ramona Raney knows it is important to control costs and to respond quickly to changes in the highly competitive boat-building industry. When ABC Consulting proposes that SeaSpray 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 Mike Cole reports that the team and ABC estimate that if SeaSpray Marine implements the ERP system, it will incur the following costs: Click the icon to view SeaSpray's anticipated project costs.) The team estimates that the ERP system should provide several benefits (Click the icon to view SeaSpray's anticipated project benefits) Read the requirements Requirement 3. Why did Raney create a team to evaluate ABC's proposal? Consider each piece of cost-benefit information that management accountant Cole 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 feasabilty of installing an ERP system for the following reasons (if a box is not used in the table, leave the box empty, do not select a label) st likely to a box is not 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. Choose from any list or enter any number in the input fields and then continue to the next question. As CEO of SeaSpray Marine, Ramona Raney knows it is important to control costs and to respond quickly to changes team to evaluate the proposal: the plant engineer, the plant foreman, the systems specialist, the human resources dire ABC estimate that if SeaSpray Marine implements the ERP system, it will incur the following costs (Click the icon to view SeaSpray's anticipated project costs.) The team estimates that the ERP system should provide several benefits: (Click the icon to view SeaSpray's anticipated project benefits.) Read the requirements a. Estimating software costs b. Estimating cost of loading data into the new ERP system c. Customize the ERP software d. Estimate customization costs e. Estimate training costs f. Savings from more efficient order processing g. Savings from streamlining the manufacturing process Choose from any list or enter any number in the input fields and then continue to the next question. HE As CEO of SeaSpray Marine, Ramona Raney knows it is important to control costs and to respond quickly to changes in the high team to evaluate the proposal the plant engineer, the plant foreman, the systems specialist, the human resources director, the ma ABC estimate that if SeaSpray Marine implements the ERP system, it will incur the following costs (Click the icon to view SeaSpray's anticipated project costs.) The team estimates that the ERP system should provide several benefits: (Click the icon to view SeaSpray's anticipated project benefits.) Read the requirements d. Estimate customization costs e. Estimate training costs f. Savings from more efficient order processing 9. Savings from streamlining the manufacturing process h. Evaluate the effects of integrating purchasing, production, marketing, and distribution into a single system i. Estimate increase in sales from higher customer satisfaction 1. Estimate benefits and costs Choose from any list or enter any number in the input fields and then continue to the next