Jones Closers specializes in closing residential mortgage transactions. The company employs a large number of people and some individuals specialize in overseeing the final session where the details of the loan are finalized and the borrower(s) are typically present to execute the documents. Jones allows 2 hours for each closing and the standard cost for a 2-hour session is $80. The 2-hour standard time includes breaks for the staff. During the last year, in response to more requirements and stricter enforcement of existing requirements, the staff closed 1200 loans in 3,200 hours. Assuming no change in labor costs and a work force that is no less or no more efficient than the work force in place when the standard was established, estimate the total cost to Jones of the added requirements and increased scrutiny.

in 2001, dell computer became the world’s largest personal computer vendor, continuing to

gain market share and post profits in an industry struggling with slumping sales and billions of

dollars in losses. dell sells 90% of its pcs directly to the final customer, largely bypassing the

reseller channel that accounts for most of the world’s pc sales. this direct customer relationship

is the key to dell’s business model, and provides distinct advantages over the indirect sales

model. dell’s direct relationship with the customer allows it to tailor its offerings to customer

needs, offer add-on products and services, and use the internet to offer a variety of customer

services. in addition, dell’s pcs are built to customers’ specifications upon receipt of an order,

giving dell additional advantages over indirect pc vendors who must try to forecast demand and

ship products based on those forecasts. dell’s direct sales and build-to-order model has achieved

superior performance in the pc industry in terms of inventory turnover, reduced overhead, cash

conversion, and return on investment (kraemer, et al., 2000).

explanation:

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answer; advertising;