A restaurant has annual sales of $420,000, an average inventory of $6000, and an annual cost of
Question:
A restaurant has annual sales of $420,000, an average inventory of $6000, and an annual cost of goods sold of $264,000. What is the restaurant’s monthly inventory turns?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (3 reviews)
Annual turns 264000 CO...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Operations Management
ISBN: 9781260547610
2nd International Edition
Authors: Gerard Cachon, Christian Terwiesch
Question Posted:
Students also viewed these Business questions
-
The Relax Inns rooms department has annual sales of $600,000 and variable costs of $180,000. The inns food department has annual sales revenue of $200,000 and variable costs of $160,000. The inns...
-
A retailer has annual sales of $500,000 and an average finishedgoods inventory of $15,000. If the retailer sells each unit for an average of $25 and purchases the units for $15, what is its annual...
-
What is the economist s solution to the shortage of human organs for transplants? Sometimes governments go beyond simply reducing the quantity produced and outlaw market transactions entirely. Each...
-
In FIGURE CP12.88, a 200 g toy car is placed on a narrow 60-cm-diameter track with wheel grooves that keep the car going in a circle. The 1.0 kg track is free to turn on a frictionless, vertical...
-
Leonardo da Vinci (1452-1519) drew a sketch of a man, indicating that a person's arm span (measuring across the back with your arms outstretched to make a "T") is roughly equal to the person's...
-
1. Name at least three ways that Shu could automate her asset management. Suggest at least one option for retirement savings, general savings, and general convenience. 2. What major factors should...
-
1. Does this argument also apply to food and other basic goods? 2. If healthcare is provided free, the demand is likely to be high. How is this high demand dealt with? Is this a good way of dealing...
-
The continuous function f f is defined for 4x4 4 x 4 . The graph of f f , shown above, consists of two line segments and portions of three parabolas. The graph has horizontal tangents at x=12,...
-
Synopsis In November 1999, ExxonMobil and its CEO Lee Raymond had to determine what course of action to take after two major partners, Royal Dutch/Shell and Frances TotalFinaElf, withdrew from the...
-
Reconsider Problem 9.4. Warren Buffy decides that Bayes' decision rule is his most reliable decision criterion. He believes that 0.1 is just about right as the prior probability of an improving...
-
Which of the following figures from a firms financial statements should be used as its flow rate when computing its inventory turns? a. Sales revenue b. Cost of goods sold c. Inventory d. Net income
-
All else being equal, a larger item is likely to have a higher annual holding cost percentage than a smaller item. True or false? a. True b. False
-
Lets work out a simple example where a person smoothes her consumption over time. Gwen is a real estate agent, and she knows that she will have some good years and some bad years. She figures that...
-
There are several trends that will have a tremendous impact on my career path. My goal was to learn as much as I could about accounting by pursuing the Certificate program. What I have realized is...
-
Discuss the issues of return fraud and wardrobing and the loss that retailers have from these practices. 1. Is it okay to use an expensive product once and then get your money back? Should retailers...
-
Oceanic Dellghts Ltd. Is a medlum-sized business that operates ten seafood restaurants across Canada with four supply centers in Edmonton, Hallfax, Quebec City, and Kelowna. The company follows...
-
Gregory Garrett outlines the six steps in the contract management process. In your opinion, which is the most important step? Why? Substantiate your answer and be prepared to defend your opinion....
-
The SOS corporation uses LIFO for its inventory accounting. It has an initial Inventory of 3670 widgets on 12/31/2012 with a unit cost of $2. 5 (total cost of 9175.0). The company bought 710 widgets...
-
The Marci Manufacturing Co. was organized in 2013 to produce a single product. The company's production and sales records for the period 2013-2015 are summarized below. All units produced in a given...
-
Find the reduced echelon form of each of the matrices given in Problems 120. c 1 26 + 4
-
Barrows Textile Mills produces two types of cotton cloth denim and corduroy. Corduroy is a heavier grade of cotton cloth and, as such, requires 7.5 pounds of raw cotton per yard, whereas denim...
-
Barrows Textile Mills produces two types of cotton cloth denim and corduroy. Corduroy is a heavier grade of cotton cloth and, as such, requires 7.5 pounds of raw cotton per yard, whereas denim...
-
The Tycron Company produces three electrical products clocks, radios, and toasters. These products have the following resource requirements: The manufacturer has a daily production budget of $2000...
-
Apply the Ratio Test to determine convergence or divergence, or state that the Ratio Test is inconclusive. n=1 n n6 +5 P= lim an+1 for .) n=1 n n6 +5 an |- is: = A. convergent B. divergent C. The...
-
Each of the insoluble salts below are put into 0.10 M hydrochloric acid solution. Do you expect their solubility to be more, less, or about the same as in a pure water solution? chromium(III)...
-
What is MTSS? Explain in great detail. This response is basically a summary of the entire MTSS. Make sure that you include: Detailed explanations of the four basic components of MTSS Explanation of...
Study smarter with the SolutionInn App