The McDonald’s fast-food restaurant on campus sells an average of 4,200 quarter-
ID: 462940 • 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.)
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 cheeseburgers Each week
Cheeseburger patties are supplied twice per week that is after ever third day the patties are supplied.
620 Pound of Hambuger patties are their in the store/stock.
Expense of the Hamburger patties is $4 a pound.
Expense of merchandise sold/Average stock or Sales/Inventory.
Normal stock/expense of products sold*365.
620/4*365=56,575
56575/364=155 Days
We have supply for 155 days in our grasp.
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