Alison has decided to expand on her idea of opening a coffee shop by instead developing a restaurant. Alison estimated her sales based on the of number of turns each day during the hours (her seating capacity for each turn would be 30). She would keep the restaurant open 5 year. The estimated revenues are as follows: Lunch $12 of which $10 was food and $2 was drinks Dinner $25 of which $20 was food and $5 was drinks She estimated the daily and weekly turns as follows (She would be closed Sundays): She estimated her cost of goods sold to be: 37% of food sales (i.e. it would cost her 37% of her food sales to pay for the make the meals); 25% of drink sales; labour costs would be 30% of her total sales. 1. Prepare revenue projections for Year 1 of the proposed operation. Annual Revenues Revenues - food $ _____ Revenues - drinks $ _____ Total Annual Revenue: $ _____ Variable costs (Cost of Goods Sold): food- $ _____ drink - $ _____ labor - $ _____ Total Cost of Alison has decided to expand on her idea of opening a coffee shop by instead developing a restaurant. Alison estimated her sales based on the of number of turns each day during the hours (her seating capacity for each turn would be 30). She would keep the restaurant open 5 year. The estimated revenues are as follows: Lunch $12 of which $10 was food and $2 was drinks Dinner $25 of which $20 was food and $5 was drinks She estimated the daily and weekly turns as follows (She would be closed Sundays): She estimated her cost of goods sold to be: 37% of food sales (i.e. it would cost her 37% of her food sales to pay for the make the meals); 25% of drink sales; labour costs would be 30% of her total sales. 1. Prepare revenue projections for Year 1 of the proposed operation. Annual Revenues Revenues - food $ _____ Revenues - drinks $ _____ Total Annual Revenue: $ _____ Variable costs (Cost of Goods Sold): food- $ _____ drink - $ _____ labor - $ _____ Total Cost of