RAM Manufacturing LLC is a rapidly growing manufacturer of parts for the automotive industry. RAM Manufacturing maintains a lot of inventory and uses NetSuite to manage its inventory. RAM Manufacturing recently acquired Top Automotives LLC. Top Automotive uses Sellbrite to manage its inventory. If RAM Manufacturing decides to immediately move the inventory of Top Automotive only NetSuite after the acquisition closes, which systems integration approach has RAM Manufacturing taken? (a) Immediate integration (b) Lift and shift, then integrate Run both systems in parallel (d) Shut down both systems
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- Island Solutions is a technology business that retails and wholesales computer hardware along with awide variety of technology products and solution services. Recently, several competitors have enteredthe market and introduced new products that might drive some of the business’ inventory intoobsolescence. The company has always been IRFS compliant and wants to ensure that it follows theappropriate authoritative literature in determining the accounting for some significant market changes.The accountant at Island Solutions has tasked two small teams of interns from to conduct several pieces of research and dry-run practices. The following data is available for the month of September for two items of inventory that mightsoon be render obsolete for Island Solutions.Inventory balances at September 1, 2023, were as follows:USB-C (TA3) Hub – 200 @ $400 ea.USB-C (TB3) Hub – 600 @ $800 ea. USB-C (TA3) HUB Date Purchases Sales Sep 5 500 @450 Sep 10 500@540 Sep 15 400 @475…Island Solutions is a technology business that retails and wholesales computer hardware along with awide variety of technology products and solution services. Recently, several competitors have enteredthe market and introduced new products that might drive some of the business’ inventory intoobsolescence. The company has always been IRFS compliant and wants to ensure that it follows theappropriate authoritative literature in determining the accounting for some significant market changes.The accountant at Island Solutions has tasked two small teams of interns to conduct several pieces of research and dry-run practices. The following data is available for the month of September for two items of inventory that mightsoon be render obsolete for Island Solutions.Inventory balances at September 1, 2023, were as follows:USB-C (TA3) Hub – 200 @ $400 ea.USB-C (TB3) Hub – 600 @ $800 ea. USB-C (TA3) HUB Date Purchases Sales Sep 5 500 @450 Sep 10 500@540 Sep 15 400 @475 Sep 20…Silver Limited is a manufacturing company that produces furniture. To improve efficiency and usefulness, Silver Limited is constantly incorporating advanced, information technology into its business information systems. When Silver Limited does not have available production capacity, sometimes it purchases furniture from outside suppliers to fulfill customer orders. First, Inventory Control prepares a purchase requisition when inventory approaches the reorder point and sends it to Purchasing and Accounts Payable. Then, Purchasing locates the authorized vendor in the vendor file, prepares a purchase order, and updates the purchase order file. Purchasing then sends the purchase order to Vendor, Receiving, and Accounts Payable. Accounts Payable prepares a summary of all purchase orders issued that day and forwards the total to General Ledger for posting to the GL file. Goods arrive at Receiving with a packing slip. Receiving prepares a receiving report and forwards it with the goods to…
- Silver Limited is a manufacturing company that produces furniture. To improve efficiency and usefulness, Silver Limited is constantly incorporating advanced, information technology into its business information systems. When Silver Limited does not have available production capacity, sometimes it purchases furniture from outside suppliers to fulfill customer orders. First, Inventory Control prepares a purchase requisition when inventory approaches the reorder point and sends it to Purchasing and Accounts Payable. Then, Purchasing locates the authorized vendor in the vendor file, prepares a purchase order, and updates the purchase order file. Purchasing then sends the purchase order to Vendor, Receiving, and Accounts Payable. Accounts Payable prepares a summary of all purchase orders issued that day and forwards the total to General Ledger for posting to the GL file. Goods arrive at Receiving with a packing slip. Receiving prepares a receiving report and forwards it with the goods to…Silver Limited is a manufacturing company that produces furniture. To improve efficiency and usefulness, Silver Limited is constantly incorporating advanced, information technology into its business information systems. When Silver Limited does not have available production capacity, sometimes it purchases furniture from outside suppliers to fulfill customer orders. First, Inventory Control prepares a purchase requisition when inventory approaches the reorder point and sends it to Purchasing and Accounts Payable. Then, Purchasing locates the authorized vendor in the vendor file, prepares a purchase order, and updates the purchase order file. Purchasing then sends the purchase order to Vendor, Receiving, and Accounts Payable. Accounts Payable prepares a summary of all purchase orders issued that day and forwards the total to General Ledger for posting to the GL file. Goods arrive at Receiving with a packing slip. Receiving prepares a receiving report and forwards it with the goods to…Silver Limited is a manufacturing company that produces furniture. To improve efficiency and usefulness, Silver Limited is constantly incorporating advanced, information technology into its business information systems. When Silver Limited does not have available production capacity, sometimes it purchases furniture from outside suppliers to fulfill customer orders. First, Inventory Control prepares a purchase requisition when inventory approaches the reorder point and sends it to Purchasing and Accounts Payable. Then, Purchasing locates the authorized vendor in the vendor file, prepares a purchase order, and updates the purchase order file. Purchasing then sends the purchase order to Vendor, Receiving, and Accounts Payable. Accounts Payable prepares a summary of all purchase orders issued that day andforwards the total to the General Ledger for posting to the GL file. Goods arrive at Receiving with a packing slip. Receiving prepares a receiving report and forwards it with the goods to…
- Silver Limited is a manufacturing company that produces furniture. To improve efficiency and usefulness, Silver Limited is constantly incorporating advanced, information technology into its business information systems. When Silver Limited does not have available production capacity, sometimes it purchases furniture from outside suppliers to fulfill customer orders. First, Inventory Control prepares a purchase requisition when inventory approaches the reorder point and sends it to Purchasing and Accounts Payable. Then, Purchasing locates the authorized vendor in the vendor file, prepares a purchase order, and updates the purchase order file. Purchasing then sends the purchase order to Vendor, Receiving, and Accounts Payable. Accounts Payable prepares a summary of all purchase orders issued that day andforwards the total to the General Ledger for posting to the GL file. Goods arrive at Receiving with a packing slip. Receiving prepares a receiving report and forwards it with the goods to…ABC Company is a manufacturing company that produces furniture. To improve efficiency and usefulness, ABC Company is constantly incorporating advanced, information technology into its business information systems. When Silver Limited does not have available production capacity, sometimes it purchases furniture from outside suppliers to fulfill customer orders. First, Inventory Control prepares a purchase requisition when inventory approaches the reorder point and sends it to Purchasing and Accounts Payable. Then, Purchasing locates the authorized vendor in the vendor file, prepares a purchase order, and updates the purchase order file. Purchasing then sends the purchase order to Vendor, Receiving, and Accounts Payable. Accounts Payable prepares a summary of all purchase orders issued that day and forwards the total to General Ledger for posting to the GL file. Goods arrive at Receiving with a packing slip. Receiving prepares a receiving report and forwards it with the goods to…Computerized Business Systems (CBS) transforms manual accounting and inventory systems into computerized, more efficient, systems. Many of their customers describe the transition as an overnight evolution from the dark ages to the 21st century. Manual systems are far too cumbersome with respects to both time and inventory control. CBS's computerized inventory systems, for example, allow every item in inventory, no matter how small, to be tracked at all points throughout the production process. Replenishing stock becomes an automatic process because the CBS system alerts the manager when supplies reach a pre-programmed level. Vicky Pagel has been a financial analyst with CBS for over five years. Although she normally does not get involved with sales, her most recent assignment was to assist Jack Ingram, a new sales representative. Jack is in the process of trying to sell a CBS system to Corbin Mills, a firm that does not know how to determine accurately its weighted average cost of…
- Sears Roebuck, the most well-known and oldest mail-order retailer in the country, discontinued its mail-order operations in 1993. Other mail-order marketers are using information systems to trim printing and postage costs of their catalogs. They also want to more effectively target their customers. Explain how an appropriately designed coding system for inventory items, incorporated in a relational database system with SQL capabilities, could allow more cost-efficient and effective mail-order operations. Sketch the necessary database table structure.What is the most likely system acquisition method commercial software, custom software, or ERP-for each of the following situations? Explain your answers. . A heating and air-conditioning supply company with 20 employees that sells standard off-the-shelf products to wholesale customers in a local com- munity needs a system to manage its affairs. . A major oil company with diverse holdings, complex oil leases, and esoteric accounting practices needs a system that can coordinate its many enterprises. . A large organization with multiple divisions needs an information system to support its operations. The information needs of the various divisions are diverse but standard within their respective industries,Lamar LLC is in the process of updating its revenues and receivables systems with the implementation of new accounting software. James Loden, Inc. is an independent information technology consultant who is assisting Tamar with the project. James has developed the following checklist containing internal control points that the company should consider in this new implementation: Will different system access levels for different users be incorporated?