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can anyone help? im lost Practice Problems Detired Net Income -20% Return from $220,00 Investment in FREE Income Tax Rate 30% of Operating Income (6)
can anyone help? im lost
Practice Problems Detired Net Income -20% Return from $220,00 Investment in FREE Income Tax Rate 30% of Operating Income (6) Depreciation 10% of 5220.000 Annual Content 42,000, Insurance/Licens,400, Us Maintenance 6,800, Administrativen12.200, Management Salary25,600 Variable costs -37% Food, 27%. Labor, 15% Other 100 Seat (40%. Lunch 60% Dinner Sales Revenue Mis), 2.5 Turns for Lunch, 1.5 Turns for Dinner, Open 312 Days per year 1 Identity Projected Costs Desired Net Income Tax Income Tax Kawn Annual Costa 33 Depreciation Rent Insurance License (UserMarten Administrative Management Salary Total Known Annual Costs Variable Cost of Sales COS Food and Beverage Labor Other Operating Variable costs 100% 82 Prepare Projected Income Statement (Incomplete) $$ Sales Revenue Unknown COS - Food and Beverage Labor Other Operating VC Total Variable Cost Depreciation Rent Insurance License Us/Maintenance Administrative Management Salary Income Tax Net Income Total Total Costs as a % Sales Rev 100% 33 Prepare Condensed Projected Income Statement Sales Ravenue Variable Costs (Food, Bev, Labor, Other) Contribution Margin Total Operating costs Operating Income (BT) ncome Tax Net Income 14 Solve for Average Check Projections by Meal Period to support projected Sales Revenue nowing the forecasted sales revenue allows businesses to accurately forecast overall average check and average check by meal priod. This is critical information needed for the budgeting process and selecting strategic pricing strategies verage Check by Meal Period = (Revenue generated from meal period Seats x TIO x number days open) erat Turnover #guests or covers /#seats in operation or available can be calculated by Meal Period or Day) P nagerial Accounting. Bottoms Up Approach to Pricing Step by Step Solution
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