c B ne D Last Yean (s. This Years Difference $ 3,025,618 622,649 3,499,219 772,528 997,622 132,370 1,151,165 144,849 269.262 628,277 138,828 299.913 27.1.206 167,720 1 Chapter 3: Question 5 2 3 Laurie's Comparative Income Statement 4 5 6 SALES 7 Food 8 Beyemre 9 Total Sales 10 11 COST OF SALES 12 Food 13 Bevere 14 Total Cost of Sales 15 16 LABOR 17 Management 12 18 Staff 19 Employee Benefits 20 Total Labor 21 22 PRIME COST 23 24 OTHER CONTROLLABLE EXPENSES 25 Dimt Openting Expenses 26 Music Entertainment 27 Marketing 28 Utilities 29 Administrative & General Expenses 30 Ronan & Maintenance 31 Total Other Controllable Expenses 32 33 CONTROLLABLE INCOME 34 35 NON-CONTROLLABLE EXPENSES 36 Occupancy Costs 37 Fruipments 38 Doucision Amortization 39 Total Non-Controllable Expenses 40 41 RESTAURANT OPERATING INCOME 171.114 3,228 61,342 103,314 93,628 48.429 198.215 11.436 95.295 133.413 106,731 53,366 168,000 0 58,114 180,000 0 83,861 43 Interest Expense 121.450 127,334 45 INCOME BEFORF INCOME TAXES 46 47 Income TCS 261,315 313,850 48 49 NET INCOME 50 51 Laurie's goal was to increase her total sales by 15%. Did she achieve this goal? 52 Answer: Title Page Q1 Q2 Q3 51 a. Laurie's goal was to increase her total sales by 15%. Did she achieve this goal? 52 Answer: 53 54 b. One of Laurie's plans to increase traffic into her restaurant and thus increase her sales was to hire a mariachi band to play at regular intervals during the meal service. This affected her music and 55 entertainment expense. What was the percentage difference in music and entertainment expense? Do you 56 think this had a positive or negative effect on sales? 57 Answer: 58 c. Laurie also wanted to increase her net income by 10%. Did she achieve this goal? Answer: 59 60 61 62 63 64