As an operations management consultant, you have been asked to evaluate a furniture manufacturers cash to cash conversion cycle under the following assumptions: sales of $23.5 million, cost of goods sold of $20.8 million, 50 operating weeks a year, total average on hand inventory of $2,150,000 accounts recievable equal to $2,455,000, and accounts payable of $3,695,000. Calculate the cost of goods sold per week and revenue per week.

As an operations management consultant, you have been asked to evaluate a furniture manufacturers cash to cash conversion cycle under the following assumptions: sales of $23.5 million, cost of goods sold of $20.8 million, 50 operating weeks a year, total average on hand inventory of $2,150,000 accounts recievable equal to $2,455,000, and accounts payable of $3,695,000. Calculate the cost of goods sold per week and revenue per week.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter9: Applications Of Cost Theory

Section: Chapter Questions

Problem 5E

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