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Each day, the Sunshine Laundry Services launders about 5,000 wash-n-fold items, and dry cleans another 1,000 garments. The wash-n-fold items are picked up two days
Each day, the Sunshine Laundry Services launders about 5,000 "wash-n-fold" items, and dry cleans another 1,000 garments. The wash-n-fold items are picked up two days after they were dropped off, and the dry cleaning items are picked up after five days. a. Calculate the average number of clothing items in the Sunshine facility. b. The value of a typical wash-n-fold item is $10, while the value of a typical dry cleaning item is $50. Sunshine Laundry Services needs to purchase enough insurance to cover the average value of items in its facility. What is that value? c. The revenue from the wash-n-fold items are $1,000 per day, and the revenues from the dry cleaning items are $5,000 per day. 75% of the customers use credit cards to pay their bills. If the Sunshine Laundry Service's accounts receivable maintains a balance of $45,000, calculate the time it takes them to receive the money from the credit card company.
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a Average number of clothing items in the Sunshine facility To calculate the average number of clothing items in the Sunshine facility we need to find the total number of items being processed every d...Get Instant Access to Expert-Tailored Solutions
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