Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

14.1 The following information is for Bob's Farm to Table Restaurant October November Sales Revenue Sales revenue-food $196,000 $213,500 Sale revenue-beverages $69,510 74,000 Operating Expenses

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
14.1 The following information is for Bob's Farm to Table Restaurant October November Sales Revenue Sales revenue-food $196,000 $213,500 Sale revenue-beverages $69,510 74,000 Operating Expenses Cost of sales-food 71,500 82,000 Cost of sales-beverage 13410 19,900 Wages expense 76,000 85,000 Other operating expenses 77,100 82,000 a What's the total sales revenue in October? You have used 0 of 1 b October's total operating expenses are: You have used 0 of 1 October's Operating Income is: You have used 0 of 1 a 14.2 Prepare a common-size vertical analysis for Lake's Grill for two months. a In October, food sales revenue's percentage is: You have used 0 of 1 attempt b In November, operating income's percentage is: 14.3 Prepare a comparative horizontal analysis for October and November. a Sales revenue (food) change in dollar value: You have used 0 of 1 b wage expense's percentage change is: You have used 0 of 1. 14.4 Lake's Grill's manager is also interested in the average check and per guest statistics. She told you that they accommodated 20,000 guests in October and 25000 guests in November. 2 Points The average food check in November is: LATEX You have used 0 of 1 attempt Submit 2 Points b The average beverage check in October is: LATEX You have used 0 of 1 attempt Submit 2 Points In October, the per guest operating expense is: IATEX

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Design Implementation And Audit Of Occupational Health And Safety Management Systems

Authors: Ron C. McKinnon

1st Edition

1032571039, 978-1032571034

More Books

Students also viewed these Accounting questions

Question

Does VALS make sense to you? What do you like or dislike about it?

Answered: 1 week ago