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Chapter 1: Introduction to Managerial Accounting

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Question;1.5-45 The;philosophy of providing superior goods and services is;A. ERP.;B. JIT.;C. Supply-chain management.;D. TQM.;1.5-46 Wonder;Company is considering installing an ERP system. To make a good decision, Wonder;needs;to conduct a(n);A. JIT survey.;B. TQM survey.;C. ISO 9001:2000 survey.;D. cost-benefit analysis.;1.5-47 Which;of the following would have little effect on a cost-benefit analysis?;A. Constant prices;B. Steadily rising prices;C. Rapidly declining prices;D. None of the above;1.5-48 Which;of the following is NOT used in a cost-benefit analysis?;A. Future benefits to be received from project;B. Amounts for future costs of project;C. Book value of past investment in equipment;D. Amount needed to invest in project initially;1.5-49 Electric;Engines Company is considering opening a plant in Brazil. It will cost $4,000,000 to set up the plant;and $750,000 to train employees. An;additional $80,000 will be spent to build relationships with the local;suppliers. The company anticipates gross profit of $4,800,000 from this new;plant. Do the benefits outweigh the;costs or do the costs outweigh the benefits, and by how much?;A. Costs outweigh benefits by $30,000.;B. Benefits outweigh costs by $30,000.;C. Costs outweigh benefits by $50,000.;D. Benefits outweigh costs by $50,000.;1.5-50 New;England;Furniture Crafters is considering investing in an ERP program. It will have $910,000 in software costs and $280,000;in employee training costs. Computer;hardware also needs up be upgraded for the ERP;program, the hardware upgrades are expected to be $125,000. The expected benefits from the ERP;should be $1,367,000. Do the benefits;outweigh the costs or do the costs outweigh the benefits;and by how much?;A. Costs outweigh benefits by $52,000.;B. Benefits outweigh costs by $52,000.;C. Costs outweigh benefits by $177,000.;D.;Benefits outweigh costs by $177,000.

 

Paper#54959 | Written in 18-Jul-2015

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