Autosavec Bottoms Up Pricing Worksheet - Compatibility Mode - Saved to my Mac Table Design Layout Tell me Home Draw Design Layout References Mailings Review View Grammarly Share Comments X Calitr ~ 3A A A = vv 2 1 Aater Podl:Cod. hal Mailben ADBODIL AaBb CEREAL COULE *-: - Aadu Maar Having THE SA Usb B Fwd == = Saleh Prpus Inner Distan CPH Camily PM L . Practice Problem #2: Desired Net Income: Owners want a 23% after tax return on a $250,000 investment of new FF&E Income Tax Rate: 37% of operating income before tax Depreciation of 10% of the book value of the $250,000 OF FF&E Annual Costs: Rent-$50,000, Insurance Licenses $6,000, Utilities Maintenance $7,500, Administrative=$15,500 Management Salary-$40,000 Variable Costs=cOS Food and Beverage 41% (Too High!), Labor=31%, Other=6% #1 Identity Projected Coats Desired Net TV W TEIXA Income Tax: Known Annual Costes): Depreciation Rent Inauna lang Olles Maintenance Administrative Management Salary Toral Kiwan Annual Coats Variable Conta / Sales COS . Food and Beverage Labor Onarparing Variable CORTS Managerial Accounting Bestems lip Approach to Pricing Page L #2 Prepare Projected Income Statement (Incomplete) Unknown 100% Sales Revenue COS. Food and Beverage Labor Orier Operating VC Total Variable Cont X Depreciation Rent Daf8 1075 ac Friglish USA Daca Los + 120% Autosavec Home Draw Design Layout References Mailings Review View Share Comments Bottoms Up Pricing Worksheet - Compatibility Mode - Saved to my Mac Grammarly Table Design Layout Tell me 1 Cod. Hald Halbbce ADOMI AaBb Kube: N anal Mara dra "H: Hasting "H She aise Terk. X Calitr ~ 3A A A *-: - Aabe Frpus = = = Bub Distan Inner CPH Camily PM Page Managerial Accounting Homs Up Approach to Pricing 1 L 100% #2 Prepare Projected Income Statement (Incomplete) 3$ Sales Revenue Unknown COS. Food and Beverage Labor Ohar Charging V Total Variable Coat Depreciation Rare Innen: A Utilities Maintenance Administrative Maragamanlalary Income Tax Net nome Total Total Costs as a Sala RAV 1ny, #3 Prepare Condensed Projected Income Statement Sala Raven Variable Cosis {Food, Bev, Labor Deher Concutian Marcin Total Operating Costs Operaing Income (ET) Income Tax Net Income | 84 Solve for Average Check Projections by Meal Period to support projected Sales Revenue Knowing the forecasted sales revenue all as businesses to accurale y forecast overall average check and average check by meal period. This is critical information needed for the budgeting process and selecting strategic pricing atrategies. Average Check by Meal Period = (Revenue generated from meal period / Seats x T/O x number days open Seat Turnover #guests or covers #seats in operation or available (Can be calculated by Meal Period or Dayl Managerial Accounting Bestems lip Approach to Pricing Page 5 Da 2af8 1075 and #Frglish United States Facia + 100%