1. The following data are pulled from a recent Walsh Manufacturing annual report. Assets Raw material inventory $150,000 Work-in-process inventory $50,000 Finished goods inventory $330,000 Property, plant & equipment $500,000 Other assets $140,000 Total assets $1,170,000 Condensed Income Statement Revenue $2,000,000 Cost of goods sold $700,000 Other expenses $1,000,000 Net income $300,000 Calculate: Percentage invested in inventory: % (Write numbers only) Weeks of supply: weeks ----####--- (edited)
2. [4:29 PM]Question 3: A professional services firm is investigating revenue management as a means of taking advantage of unused capacity. Analysts for this firm estimate a demand curve for the firm's service, which is sold by the hour. Points on this demand curve include 9,000 hours at the current rate of $60 per hour, 9500 hours at $55, 10,000 hours at $50, and 10,500 hours at $45. Based on this demand curve, what price point would be best for the firm, if its objective is maximum revenue?