To maximize its profitability, a firm must configure its internal operations, such as manufacturing, marketing, logistics, information systems, human resources, and so on, so that they support that position.
Answer:
Producer surplus
Neither
Consumer surplus
Explanation:
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.
Producer surplus is the difference between the price of the good and the least price the seller is willing to sell his product.
1. Price = $149
least price seller was willing to sell his laptop = $140.
Hence it's producer surplus.
2. Price = $59
there's no information on the least price the seller was willing to sell or the highest amount the buyer was willing to buy.
hence it's neither producer or consumer surplus
3. Price = $39
highest amount buyer was willing to buy = $46
Hence, it's consumer surplus
I hope my answer helps you
Answer: Minimum 62 years
Explanation: As per the rules, the youngest borrower must have attained the age of 62 years to qualify for reverse mortgage loan. There are several other requirements as well.
HUD financial criteria also needs to be fulfilled by the borrower. The home in which borrowers be living must be their prime residence and the required home equity will also be required.
Answer:
$6,400
Explanation:
Re-write the Question for Easier Understanding
Purchasing Maintenance Fabrication Assembly
$32,000 $18,0000 $96,000 $62,0000
(No of Purchase Orders) 16 4
(Sq Foot of Space) 3,300 2,700
Find:
Amount of Purchasing Department Expense to be allocated to Assembly.
- The Question clearly states that Purchasing Department's expenses are allocaated based on the Operating Department's Purchase Order
- Since total Purchase Order is 20 and Assembly's purchase order is 4
- Assembly's allocation of Purchasing Expense= Assembly's Purchase Order/ Total Purchase Order × Purchase Department Expense
=Total Purchase Order= Fabrication (16) + Assembly (4)= 20
=Purchase Order for Assemby= 4
=Purchasing Department Expense= $32,000
- =(4/20)× $32,000
- =0.2 × $32,000
- = $6,400
