Question
Beverage sales are $90,000 and are 41% of total sales. Food cost percentage is 22% and beverage cost percentage is 18%. Labour costs are 17%
Beverage sales are $90,000 and are 41% of total sales. Food cost percentage is 22% and beverage cost percentage is 18%. Labour costs are 17% and other expenses are 23%. Calculate:
a) Total Sales
b) Food Sales
c) Cost of food sales
d) Gross Margin and Gross Margin percentage
e) Net Income and Net Income Percentage
Step by Step Solution
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Step: 1
Given data Beverage sales 90000 Beverage sales as a percentage of total sales 41 Food cost percentag...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
