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

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

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

See similar textbooks

Similar questions

QUESTION 5 How many ticket vending machines will be needed if the hourly passenger demand is expected to be 8,750 and it takes each passenger 8 seconds to retrieve a ticket? Tickets are mandatory for all passengers. Round up your answer to the nearest integer (i.e. ticket vending machine).
3
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 5
QUESTION 3Reverse logistics is important in managing the supply chain. Distinguish between forward logisticsand reverse logistics in supply chain management. Note: answer this question about 160 words(maximum)
Question 6
Question 3 (1 point) ✓ Saved Which of these items product? (not a service) Haircut Dry cleaning Cell phone Mowing Question 4 (1 point) A Saved is responsible for all debt and is easy to r
Question 5 You are receiving an shipment and come across a box of shaving cream. What should you do? Please choose all that apply. Receive the shaving cream Raise an Andon CSecure it well with bubble wrap after scanning it in O Note is as Flammable on your workstation Submit
Every organization has certain functional areas, for example divisions, departments, marketing, IT. Question 27 options: True False
Mr. Roberts, a businessman, is staying on the club floor, has arranged for a luncheon for himself and four business associates in one of the smaller meeting rooms. The arrangements and revenue earned for this part of his stay will be handled by which department? Question 19 options: a) Banquets b) Catering c) Front office d) Concierge
Question 3: Compute the probability of randomly drawing 7 cards from a deck of cards by getting 4 Hearts and 3 Aces. What would be the Expected Monetary Value (EMV) if 400 USD is paid the moment all of these cards are drawn? Write the implication of the EMV.