Given the following data, create monthly and yearly income statements for Quick Meals to Go, LLC in
Question:
Given the following data, create monthly and yearly income statements for Quick Meals to Go, LLC in New York City.
a. Sales for the month of June were $300,000. Sales for the year were $2,600,000.
b. The sum of $66,000 was spent on food in June ($792,000 for the year). The store spent $9,000 on paper to wrap food items in June and $108,000 for the year.
c. Taxes for June were $15,000. For the year, they were $233,000.
d. Fixed operating costs for June were $175,000. For the year, they were $1,000,000.
e. Use Excel or other software to create a graph showing the monthly and yearly income statements for this business.
Step by Step Answer:
Related Book For
Entrepreneurship And Small Business Management
ISBN: 9781292078670,9780133801248
2nd Edition
Authors: Steve Mariotti , Caroline Glackin
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