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With effective resource planning, organizations can reduce inventory and service costs, improve efficiencies, and establish methods for continuous improvement. Depending upon the type of resource, there is a different type of planning that must take place. This can include material requirements planning (MRP), capacity requirements planning (CRP), enterprise resource planning (ERP), customer relationship management (CRM), supply chain management (SCM), or product lifecycle management (PLM).

Research two specific types of resource planning.

Based on your research, explain whether or not you believe ERP and MRP are the only resource planning processes applicable to manufactured processes.

Can either ERP or MRP be used for service industries or can they only be used for manufacturing organizations?

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Big Dom’s Pawn Shop charges an interest rate of 27.6 percent per month on loans to...

Big Dom’s Pawn Shop charges an interest rate of 27.6 percent per month on loans to its customers. Like all lenders, Big Dom must report an APR to consumers. a. What rate should the shop report? (Do not round intermediate calcualtions. Enter your answer as a percent rounded ...

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Question 4 of 4 A $7,500 bond that carries a 3.50% coupon rate payable semi-annually is...

Question 4 of 4 A $7,500 bond that carries a 3.50% coupon rate payable semi-annually is purchased 8 years before maturity when the yield rate was 4.50% compounded semi-annua a. Calculate the purchase price of the bond. $0.00 Round to the nearest cent b. What is the amount of discount or premium on t...

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Section B The following organometallic compounds are stable and have a second-row transition metal at their...

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1. Pick two publicly traded companies in the same industry. 2. Calculate the ratios from your...

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QUESTION 30 The weighted-average method of process costing differs from the FIFO method of process costing...

QUESTION 30 The weighted-average method of process costing differs from the FIFO method of process costing in that the weighted-average method: will always yield a higher cost per equivalent unit. considers ending work in process inventory to be fully complete. does not consider the degree of comple...

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A student studying for a vocabulary test knows the meanings of 10 words from a list...

A student studying for a vocabulary test knows the meanings of 10 words from a list of 24 words. If the test contains 10 words from the study list, what is the probability that at least 8 of the words on the test are words that the student knows? (Round your answer to three decimal places.)...

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The price to earnings ratio (P/E) is an important tool in financial work. A random sample...

The price to earnings ratio (P/E) is an important tool in financial work. A random sample of 14 large U.S. banks (JP Morgan Chase, Bank of America, and others) gave the following P/E ratios.† 24 16 22 14 12 13 17 22 15 19 23 13 11 18 The sample mean is x ≈ 17.1. Generally speaking, a lo...

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What does the program of statistical research provide? a. organizational elements of work b. Drawing up of models of tables c. Definition of a technique of the collecting of a material d. Drawing up of of a card with the list of attributes which are subject to the account in the course of research e...

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Chapter 11: Applying Excel: Exercise (Part 2 of 2) 2. In industries that process joint products,...

Chapter 11: Applying Excel: Exercise (Part 2 of 2) 2. In industries that process joint products, the costs of the raw materials inputs and the sales values of intermediate and final products are often volatile. Change the data area of your worksheet to match the following: 1 Chapter 11: Applying Exc...

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Exercise 11-18 Cash dividends, treasury stock, and statement of retained earnings LO C3, P2, P3 Alexander...

Exercise 11-18 Cash dividends, treasury stock, and statement of retained earnings LO C3, P2, P3 Alexander Corporation reports the following components of stockholders' equity on December 31, 2016: Common stock-$25 par value, 60,008 shares authorized, 35, eee shares issued and outstanding Paid-in...

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Two Earth satellites, A and B, each of mass m, are to be launched into circular...

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In a test of the effectiveness of garlic for lowering cholesterol, 81 subjects were treated with...

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For XYZ Inc., sales = $1,509; cost of goods sold = $750; depreciation expense = $65; dividends = $65; tax rate = 40%; an...

For XYZ Inc., sales = $1,509; cost of goods sold = $750; depreciation expense = $65; dividends = $65; tax rate = 40%; and retained earnings is double the interest expense. FIND THE INTEREST EXPENSE...