eBook

Prepare an income statement in good form. Round the percent to four decimal places before converting to a percentage. For example, $88349$ would be rounded to $\mathrm{.}8835$ and entered as $88\mathrm{.}35.$

Bob's Bistro

Income Statement

For the Coming Year

$\backslash$table$[[,,$Percent$],[$Sales $,$$$817,500,,\%$

Prepare an income statement in good form. Round the percent to four decimal places before converting to a percentage. For example, $.88349$ would be rounded to $\mathrm{.}8835$ and entered as $88\mathrm{.}35.$

Bob's Bistro

Income Statement

For the Coming Year

Feedback

Check My Work

See Example $2\mathrm{.}4$

What if the operating expenses percentage for the past few years was $47\mathrm{.}49$ percent? Management's reaction might be:

Bob's Bistro produces party$-$sized hoagie sandwiches. For next year, Bob's Bistro predicts that $55,200$ units will be produced with the following total costs:

$\backslash$table$[[$Direct materials,?$],[$Direct labor,$$69,000$