please answer ASAP for MBA 550. Mallory Furniture buys two products for resale:
ID: 379885 • Letter: P
Question
please answer ASAP for MBA 550.
Mallory Furniture buys two products for resale: big shelves (B) and medium shelves (M). Each big shelf costs $500 and requires 100 cubic feet of storage space, and each medium shelf costs $300 and requires 90 cubic feet of storage space. The company has $75,000 to invest in shelves this week, and the warehouse has 18,000 cubic feet available for storage. Profit for each big shelf is $300 and for each medium shelf is $150. If the Mallory Furniture company decides to purchase 150 big shelves and no medium shelves, which of the two resources will be left over?
Neither investment money nor storage space
Investment money and storage space
Storage space only
Investment money only
Explanation / Answer
Cost of each big shelf = $500
Investment required to purchase 150 big shelves = 150*500= $75000
Storage space required for one big shelf = 100 cubic feet
Storage space required for 150 = 150*100 = 15000 cubic feet
$ 75000 investment and 18000 cubic feet is available.
Therefore, storage space is left over.
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