The McDonald's fast-food restaurant on campus sells an average of 11,200 quarter-pound hamburgers each week. Hamburger patties are resupplied twice a week, and on average the store has 535 pounds of hamburger in stock. Assume that the hamburger patties cost $1 a pound and there are 52 weeks in a year. a. What is the inventory turnover for the hamburger patties? Note: Do not round intermediate calculations. Round your answer to 1 decimal place. Inventory turnover per year b. On average, how many days of supply are on hand? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Average days of supply

Question 1. Read the case below about Square, Inc then answer the following questions TRUE/FALSE In October 2015, amid rising fears about the security of credit card transactions, financial institutions and businesses made the transition to using chip cards. Unlike the quick swipe of a magnetic stripe on the back of traditional credit and debit cards, chip cards have to be left inside the terminal while the embedded chip verifies the transaction. While there is no consistent method for measuring transaction speed, news agencies report average chip speeds of anywhere from 8 seconds to 13 seconds. The switch to chip readers was precarious, with many businesses taping over the chip card slots in the terminals until the kinks were worked out. Even after a year, some businesses still could not process chips and continued to utilize the magnetic stripe for transactions. Financial institutions thought the additional security benefits of the chips would overshadow the added wait times. Yet…

Question 1

Question 6