Homework
Problem I
In 2019, we found that company AAA's has COGS as $148.9 million and inventory as $12.7 million. What was its inventory turns in 2019?
Round the number to the nearest whole number. For example, if your answer is 153.62, fill in 154; if your answer is 34.21, fill in 34.
Problem II
Strohrmann, a large-scale bakery in Pennsylvania, is laying out a new production process for their packaged bread, which they sell to several grocery chains. It takes 14 minutes to bake the bread. How large an oven is required so that the company is able to produce 3,135 units of bread per hour (measured in the number of units that can be baked simultaneously?)
Round the answer to the nearest whole number. For example, if your answer is 2543.65, round to 2544; if you answer is 2543.12, round to 2543.
Problem III
LaVilla is a village in the Italian Alps. There are, on average, 1200 skiers in the village during the winter season. On average, skiers stay in LaVilla for 10 days. When skiers leave LaVilla, they all take the shuttle service to the closest train station. Right now, the shuttle service has the transportation capacity of 347 customers per day.
The management forecasts that the average length of stay for next season will significantly reduce to 7 days due to increased hotel and travel costs. Based on your findings of the number of skiers will leave per day (under this forecast and assuming same beds and fully booked), what is the utilization rate for the shuttle service? (Or, what is the percentage of shuttle service capacity that is utilized?)
Round your answer to the nearest whole number and ignore the percentage sign. For example, if your answer is 0.45 or 45%, fill in 45; if your answer is 0.76 or 76%, fill in 76.
Problem IV
LaVilla is a village in the Italian Alps. Given its enormous popularity among Swiss, German, Austrian, and Italian Skiers, all of its beds are always booked in he winter season and there are, on average, 1,100 skiers in the village. On average, skiers stay in LaVilla for 19 days.
How many skiers are leaving LaVilla, on average, per day?
Round the answer to the nearest whole number. For example, if your answer is 2543.65, round up to 2544; if you answer is 2543.12, round down to 2543.
Problem V
For company CCC, let us assume that the annual inventory cost is 16% (for example, it costs the company $35 annually to hold an item that was purchased at $100). If the inventory turn is 7.7 turns, what is the per unit inventory holding cost in percentage?
Ignore the percentage sign, and round your answer to two decimals. For example, if your answer is 0.45123 or 45.123%, fill in 45.12; if your answer is 0.00021 or 0.021%, fill in 0.02.
Problem VI
From a company's operational point of view, what are the different types of inventory? Choose all that apply.
o Buffer/decoupling inventory
o Cycle inventory
o Finished product inventory.
o Seasonal inventory
o Pipeline inventory.
o Raw material inventory.
o Saftey inventory
o Work in progress inventory (WIP)
Problem VII
1. When using flow charts to describe a process, we use bars with different length to demonstrate the usage of resources.
True
False
Problem VIII
Let us study the inventory turns in McDonald's and Wendy's.
For McDonald's Income Statement annual, go to yahoo finance website. Find out its annual COGS in 2019 (12/31/2019 number). (Be very careful on the units in the statements, it is normally in units of $1000 dollars.)
And from its balance sheet at https://finance.yahoo.com/q/bs?s=MCD+Balance+Sheet&annual, find out its inventory for 2019 as (12/31/2019 number under current assets).
Problem IX
In 2019, we found that company BBB has annual COGS as $370 million and inventory as $30.5 million. On average, how many days does it take company BBB to turn asset into revenue? - flow time of the flow unit $1.
Assume that there are 365 days in a year. Round the number to the nearest whole number. For example, if your answer is 153.62, fill in 154; if your answer is 34.21, fill in 34.
Format your homework according to the give formatting requirements:
1. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the homework, the course title, the student's name, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.