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Given the following data, on a separate sheet of paper create monthly and yearly income statements for this fast-food restaurant in New York City: Sales
Given the following data, on a separate sheet of paper create monthly and yearly income statements for this fast-food restaurant in New York City: Sales for the month of June were $300,000. Sales for the year were $2, 600,000. The sum of $66,000 was spent on food in June (it was $792,000 for the year). The restaurant spent $9,000 on paper to wrap food items in June and $108,000 for the year. Taxes for June were $15,000. For the year, they were $233,000. Fixed operating costs for June were $175,000. For the year, they were $1,000,00
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