FREE Trial

The McDonalds fast- food restaurant on campus sells an average of 4,000 quarter- pound hamburgers each week.

Question:

The McDonald’s fast- food restaurant on campus sells an average of 4,000 quarter- pound hamburgers each week. Hamburger patties are resupplied twice a week, and on average the store has 350 pounds of hamburger in stock. Assume that the hamburger patties cost $ 1.00 a pound. What is the inventory turnover for the hamburger patties? On average, how many days of supply are on hand?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Answer rating: 70% (10 reviews)

The problem tells us that we sell 4000 QUARTER pound bu...View the full answer


answer-question-section
Answered By
tutor-profile-image
Charles mwangi
I am a postgraduate in chemistry (Industrial chemistry with management),with writing experience for more than 3 years.I have specialized in content development,questions,term papers and assignments.Majoring in chemistry,information science,management,human resource management,accounting,business law,marketing,psychology,excl expert ,education and engineering.I have tutored in other different platforms where my DNA includes three key aspects i.e,quality papers,timely and free from any academic malpractices.I frequently engage clients in each and every step to ensure quality service delivery.This is to ensure sustainability of the tutoring aspects as well as the credibility of the platform.
4.30+ 2+ Reviews 10+ Question Solved
Related Book For  book-img-for-question
Operations And Supply Chain Management

Operations And Supply Chain Management

ISBN: 287

14th Edition

Authors: F. Robert Jacobs, Richard Chase

See More Books
Question Posted:
See More Questions

Related Video

Inventory turnover is a key metric that helps businesses evaluate the efficiency of their operations. A high turnover ratio is generally considered positive, indicating that the company is effectively selling its inventory and making efficient use of its resources. On the other hand, a low turnover ratio may indicate issues such as overstocking or slow sales and may require further examination to identify and address the underlying causes. Businesses use this ratio to make decisions about inventory levels, production schedules, and pricing strategies. It also helps businesses to identify areas where they may need to make improvements, such as reducing lead times for production or optimizing sales and marketing efforts. Additionally, inventory turnover is used by investors and analysts as a key performance indicator to evaluate the financial health and growth potential of a company.

Students also viewed these Management Leadership questions

The Development Of Accounting In An International Context 1st Edition - ISBN: 9780415155281 - Free Book