Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

fill out all open ended questions pls CONTROLLABLE INCOME 0944,6 39 19.4% 19.4% $1,071987 21.4% NON-CONTROLLABLE EXPENSES Occupancy Costs Depreciation 230,400 5.3% 79,699 1.3%. 310,099

image text in transcribed

image text in transcribed

fill out all open ended questions pls

CONTROLLABLE INCOME 0944,6 39 19.4% 19.4% $1,071987 21.4% NON-CONTROLLABLE EXPENSES Occupancy Costs Depreciation 230,400 5.3% 79,699 1.3%. 310,099 7.1%. 211,200 4.2% 98,397 2.09 309,579 6.2% Total Non-Controllable Expenses RESTAURANT OPERATING INCOME $934,540 12.3% $762,920 15.2% Interest Expense 166,560 5.9% 6/49,405 3.0% INCOME BEFORE INCOME TAXES $367,980 8.5% 9612986 12.32 Income Taxes 147,192 34% 245,194 4.9% NET INCOME 19 220,79 5.1% 361.791 74% (1) Complete Terry's USAR P&L above using vertical analysis (Fill in the gray blanks) and show your work for calculating the: (a-h: 1 point each, chart: 8 points) (a) Prime cost (b) Controllable income (c) Restaurant operating income (d) Net Income (e) Food sales percentage 2 Name: (f) Food cost percentage (a) Beverage cost percentage th) Food and beverage cost percentage (2) When comparing this year to last year, was Nicole's marketing expense in dollars higher or lower? (2 points) (3) Was Nicole's marketing expense percentage higher or lower this year? (2 points) (4) Do you think that her marketing expense this year positively or negatively contributed to her revenues? Why? (3 points) (5) When comparing this year to last year, was Nicole's labor expense in dollars higher or lower? (2 points) (6) Was Nicole's labor expense percentage higher or lower this year? (2 points) (7) Do you think that her salaries and wages expense this year positively or negatively contributed to her net income? Why? (3 points) (8) The owner promised Nicole that he would give her a false if she increased the operation's net income by at least 2% of total sales. Should Nicole receive a raise? Why or why not?3 points) 3 CONTROLLABLE INCOME 0944,6 39 19.4% 19.4% $1,071987 21.4% NON-CONTROLLABLE EXPENSES Occupancy Costs Depreciation 230,400 5.3% 79,699 1.3%. 310,099 7.1%. 211,200 4.2% 98,397 2.09 309,579 6.2% Total Non-Controllable Expenses RESTAURANT OPERATING INCOME $934,540 12.3% $762,920 15.2% Interest Expense 166,560 5.9% 6/49,405 3.0% INCOME BEFORE INCOME TAXES $367,980 8.5% 9612986 12.32 Income Taxes 147,192 34% 245,194 4.9% NET INCOME 19 220,79 5.1% 361.791 74% (1) Complete Terry's USAR P&L above using vertical analysis (Fill in the gray blanks) and show your work for calculating the: (a-h: 1 point each, chart: 8 points) (a) Prime cost (b) Controllable income (c) Restaurant operating income (d) Net Income (e) Food sales percentage 2 Name: (f) Food cost percentage (a) Beverage cost percentage th) Food and beverage cost percentage (2) When comparing this year to last year, was Nicole's marketing expense in dollars higher or lower? (2 points) (3) Was Nicole's marketing expense percentage higher or lower this year? (2 points) (4) Do you think that her marketing expense this year positively or negatively contributed to her revenues? Why? (3 points) (5) When comparing this year to last year, was Nicole's labor expense in dollars higher or lower? (2 points) (6) Was Nicole's labor expense percentage higher or lower this year? (2 points) (7) Do you think that her salaries and wages expense this year positively or negatively contributed to her net income? Why? (3 points) (8) The owner promised Nicole that he would give her a false if she increased the operation's net income by at least 2% of total sales. Should Nicole receive a raise? Why or why not?3 points) 3

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Information Systems For Accounting Students

Authors: Martin Quinn

1st Edition

0273773526, 9780273773528

More Books

Students also viewed these Accounting questions

Question

Describe the major barriers to the use of positive reinforcement.

Answered: 1 week ago