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All pic in this question are all related to the same question. Please answer everything? Gilman's Caf is a popular restaurant in a local tourist

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All pic in this question are all related to the same question. Please answer everything?

Gilman's Caf is a popular restaurant in a local tourist town. Sarah Gilman, who opened the restaurant five years ago, has seen it grow steadily. Currently, Gilman's is only open for dinner, but many of her regular customers have been asking Sarah to consider opening for lunch as well. Sarah has been talking to her accountant about the financial impact of the expanded services on the overall business. She knew that the cafe did not make much money and she was concerned that the new business might be too risky. The accountant asked her for her best estimates on the impact of the new business on revenues and costs. She had been thinking about this for some time and estimates that revenues would grow by about 25 percent. Food costs would increase by about 40 percent and labor costs by about 20 percent. Her rent would not change, but utilities would increase by about 25 percent. Other costs would increase by 15 percent. The salary she pays herself as manager of the caf would not change. A few days later, her accountant stops by with the following estimated income statement assuming she adds the lunch business. Required: 0-1. Prepare an income statement. --2. Based on the financial impact, should Sarah open the cafe for lunch? b. Are there other factors she should consider? Complete this question by entering your answers in the tabs below. Reg A1 Reg A2 Reg B Prepare an income statement. Gilman's Cafe Annual Income Statement Lunch and Dinner Service $ 765.000 Dinner Service Only Sales revenue Costs Food costs Labor Rent Utilities Other costs Manager's Salary Total costs Operating profit (loss) 252,000 248.000 68,000 58,500 40.940 78,000 739,440 25,580 S $ Gilman's Caf is a popular restaurant in a local tourist town. Sarah Gilman, who opened the restaurant five years ago, has seen it grow steadily. Currently. Gilman's is only open for dinner. but many of her regular customers have been asking Sarah to consider opening for lunch as well. Sarah has been talking to her accountant about the financial impact of the expanded services on the overall business. She knew that the caf did not make much money and she was concerned that the new business might be too risky. The accountant asked her for her best estimates on the impact of the new business on revenues and costs. She had been thinking about this for some time and estimates that revenues would grow by about 25 percent. Food costs would increase by about 40 percent and labor costs by about 20 percent. Her rent would not change, but utilities would increase by about 25 percent. Other costs would increase by 15 percent. The salary she pays herself as manager of the caf would not change. A few days later, her accountant stops by with the following estimated income statement assuming she adds the lunch business. Required: 0-1. Prepare an income statement. --2. Based on the financial impact, should Sarah open the cafe for lunch? b. Are there other factors she should consider? Complete this question by entering your answers in the tabs below. Reg A1 Reg A2 Reg B Based on the financial impact, should Sarah open the caf for lunch? Ores Ono Gilman's Caf is a popular restaurant in a local tourist town. Sarah Gilman, who opened the restaurant five years ago, has seen it grow steadily. Currently. Gilman's is only open for dinner, but many of her regular customers have been asking Sarah to consider opening for lunch as well. Sarah has been talking to her accountant about the financial impact of the expanded services on the overall business. She knew that the caf did not make much money and she was concerned that the new business might be too risky. The accountant asked her for her best estimates on the impact of the new business on revenues and costs. She had been thinking about this for some time and estimates that revenues would grow by about 25 percent. Food costs would increase by about 40 percent and labor costs by about 20 percent. Her rent would not change, but utilities would increase by about 25 percent. Other costs would increase by 15 percent. The salary she pays herself as manager of the caf would not change. A few days later, her accountant stops by with the following estimated income statement assuming she adds the lunch business. Required: 0-1. Prepare an income statement --2. Based on the financial impact, should Sarah open the cafe for lunch? b. Are there other factors she should consider? Complete this question by entering your answers in the tabs below. Reg A1 Reg A2 Reg B Are there other factors she should consider? (Select all that apply.) DONO Whether this will lead to customers switching from dinner to lunch. What other restaurants might do. Whether the longer opening hours might cause the restaurant to lose some of its appeal. Whether this will lead to enhancement of storage facilities. Whether the longer opening hours might cause the restaurant to recruit additional staff.

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