1)

Adays Restaurant has the following income statement:

Revenue:
Food Sales	$240,000
Beverage Sales	$86,000
Total Sales		$326,000
Cost of Sales:
Food Costs	$72,000
Beverage Costs	$15,480
Total Costs		$87,480
Gross Profit		$238,520
Expenses:
Operating	$8,000
Labor	$26,000
Miscellaneous	$4,000
Administrative	$14,000
Total Expenses	$52,000
NET PROFIT		$186,520

Calculate operating expenses as a % of sales

Select one:

a. 3.00%

b. 5%

c. 6.34%

d. 2.45%

2)

Adays Restaurant has the following income statement:

Revenue:
Food Sales	$240,000
Beverage Sales	$86,000
Total Sales		$326,000
Cost of Sales:
Food Costs	$72,000
Beverage Costs	$15,480
Total Costs		$87,480
Gross Profit		$238,520
Expenses:
Operating	$8,000
Labor	$26,000
Miscellaneous	$4,000
Administrative	$14,000
Total Expenses	$52,000
NET PROFIT		$186,520

Calculate labor expenses as a % of sales

Select one:

a. 3.00%

b. 10.00%

c. 7.98%

d. 2.45%

3)

Adays Restaurant has the following income statement:

Revenue:
Food Sales	$240,000
Beverage Sales	$86,000
Total Sales		$326,000
Cost of Sales:
Food Costs	$72,000
Beverage Costs	$15,480
Total Costs		$87,480
Gross Profit		$238,520
Expenses:
Operating	$8,000
Labor	$26,000
Miscellaneous	$4,000
Administrative	$14,000
Total Expenses	$52,000
NET PROFIT		$186,520

Calculate miscellaneous expenses as a % of sales

Select one:

a. 3.00%

b. 10.00%

c. 1.23%

d. 2.45%