The McDonald’s fast-food restaurant on campus sells an average of 4,200 quarter-
ID: 462736 • Letter: T
Question
The McDonald’s fast-food restaurant on campus sells an average of 4,200 quarter-pound hamburgers each week. Hamburger patties are resupplied twice a week, and on average the store has 620 pounds of hamburger in stock. Assume that the hamburger patties cost $4 a pound.
What is the inventory turnover for the hamburger patties? (Round your answer to 2 decimal places.)
On average, how many days of supply are on hand? (Use 364 days in a year. Do not round intermediate calculations. Round your answer to 2 decimal places.)
The McDonald’s fast-food restaurant on campus sells an average of 4,200 quarter-pound hamburgers each week. Hamburger patties are resupplied twice a week, and on average the store has 620 pounds of hamburger in stock. Assume that the hamburger patties cost $4 a pound.
What is the inventory turnover for the hamburger patties? (Round your answer to 2 decimal places.)
On average, how many days of supply are on hand? (Use 364 days in a year. Do not round intermediate calculations. Round your answer to 2 decimal places.)
Explanation / Answer
4200 Quarter Pound hamburgers Each week
Hamburger patties are supplied twice a week that is after ever 3rd day the patties are supplied.
620 Pound of Hambuger patties are their in the store/stock.
Cost of the Hamburger patties is $4 a pound.
Cost of goods sold /Average inventory or Sales/Inventory.
Average inventory/cost of goods sold*365.
620/4*365=56,575
56575/364=155 Days
We have supply for 155 days in our hand.
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