Answer the following questions:

1. What is an ERP?
-is an acronym for Enterprise Resource Planning
-is a database software package that supports all of a business’s processes and
operations including manufacturing, marketing, financial, and human resources
-is a process used by companies to manage and integrate the important parts of their
businesses.
-is a database software that helps the companies to implement resource planning by
integrating all of the processes needed to run the companies with a single system.
-is a consolidated process of gathering and organizing business data through an
integrated software suite.
-Examples of ERP system are product lifecycle management, supply chain
management, customer relationship management, sales order processing, online sales,
financials, human resources, and decision support system.
Data processing, manipulation of data by a computer. It includes the conversion of raw data to
machine-readable form, flow of data through the CPU and memory to output devices, and
formatting or transformation of output. Any use of computers to perform defined operations
on data can be included under data processingData processing, manipulation of data by a
computer. It includes the conversion of raw data to machine-readable form, flow of data through
the CPU and memory to output devices, and formatting or transformation of output. Any use of
computers to perform defined operations on data can be included under data processingData
processing, manipulation of data by a computer. It includes the conversion of raw data to
machine-readable form, flow of data through the CPU and memory to output devices, and
formatting or transformation of output. Any use of computers to perform defined operations
on data can be included under data processingData processing, manipulation of data by a
computer. It includes the conversion of raw data to machine-readable form, flow of data through
the CPU and memory to output devices, and formatting or transformation of output. Any use of
computers to perform defined operations on data can be included under data processing

There were no dividends in arrears for preference shares. During 2021, the following events
occurred:
a. Earnings during 2021 total P6,000,000. The board of directors declares a cash dividend
totaling P2,800,000 to be paid as appropriate and ordinary shareholders. Later, a share
dividend of 10 percent is declared on ordinary shares. The market value of ordinary
share is P68 per share on the date the share dividend is declared.
b. In order to familiarize shareholders with on the company’s new products, the board
declares a property dividend of one ounce of new perfume the company produces for
every ordinary share outstanding (before the above share dividend). The cost of the
perfume if P6 per ounce, and the product has a wholesale market value of P10 per
ounces. Any gain or loss on this transaction is already included in the earnings reported
above.
c. At the end of 2021, the board declares a three-for-two share split. With the split, the
number of ordinary shares authorized to be issued is increased to 1,500,000. At the date
of the share split, the marked value of ordinary share is P75 per share.