30 Uw compie LE CACTUS 37 46 48 52 38 39 Exercise #2 40 The owners of the JWU Bar & Grill are predicting a 10.0% increase in both Food Sales and 41 Beverage Sales for the month of April. To make a budget for April, they want you to complete 42 the income statement below using the sales information from March with the projected income 43 increase. Round all percentages to one place after the decimal point (ex. 36.4% or.7%) and all 44 dollar amounts to the nearest dollar (ex. $35,980). Notice there are some changes in percentages 45 due to management's projections. Each answer in the yellow shaded cells is worth one point. 47 Income Statement JWU Bar & Grill 49 April 50 Sales $ % 51 Food Sales Beverage Sales 53 Total Sales 54 55 Cost of sales 56 Food Cost 32.5% 57 Beverage Cost 23.5% Total Cost of Sales 59 60 Gross Profit 61 62 Operating Expenses Labor 33.0% Overhead 30.0% 65 Total Operating Expenses 66 67 Net Income Before Taxes 68 59 If management predicts that the check average (F&B combined) per person for April 70 will be $40.00, what will be the expected customer count? 71 58 74 75 16 Student Worksheet + Ready + A B D E 3 4 Exercise #1: 5 Complete the income statement below for the month of March by filling in the yellow 6 shaded cells. Each answer in the yellow shaded cells is worth one point. 7 Round all percentages to one place after the decimal point (ex. 36.4% or.7%) 8 Round all dollar amounts to the nearest dollar (ex. $35,980) 9 10 Income Statement 11 JWU Bar & Grill 12 March 13 14 Sales $ % 15 Food Sales $66,464 53.6% 16 Beverage Sales $57,536 46.4% 17 Total Sales $124,000 100.0% 18 19 Cost of sales 20 Food Cost $22,265 33.5% 21 Beverage Cost $12,958 22.5% 22 Total Cost of Sales $32,223 26.0% 23 24 Gross Profit $91,777 74.0% 25 26 Operating Expenses 27 Labor $42,160 34.0% Overhead $35,216 28.3% 29 Total Operating Expenses $77,376 62.4% 30 31 Net Income Before Taxes $14,401 11.6% 32 33 In March, the restaurant served 3263 customers 34 What was the check average (F&B combined) per person? 35 36 Now complete Exercise #2 32 38 39 Exercise #2 40 The owners of the JWU Bar & Grill are predicting a 10.0% increase in both Food Sales and 41 Beverage Sales for the month of April. To make a budget for April, they want you to complete 42 the income statement below using the sales information from March with the projected income Student Worksheet + Ready