Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Given the information below find net profit/loss in dollars for the month of June Guest Hotel Inc. Income Statement for the period ending June 30,
Given the information below find net profit/loss in dollars for the month of June Guest Hotel Inc. Income Statement for the period ending June 30, 2019 Sales Food 193,864 Beverage 87,408 Total Sales - Cost of Sales Food 74,381 Beverage 28,467 Total cost of goods sold - Gross Profit - Controllable Expenses Salaries & Wages 112,112 Occupancy 36,875 Office & General 14,642 Utilities 9,170 Transportation 7,472 Kitchen supplies 5,715 Professional fees 5,257 Advertising 8,088 Insurance 10,673 Vehicle 5,724 Total Controllable Expenses - Net Profit / Loss - Your Answer:
Given the information below find net profit/loss in dollars for the month of June
Guest Hotel Inc.
Income Statement
for the period ending June 30, 2019
Sales
Food 193,864
Beverage 87,408
Total Sales -
Cost of Sales
Food 74,381
Beverage 28,467
Total cost of goods sold -
Gross Profit -
Controllable Expenses
Salaries & Wages 112,112
Occupancy 36,875
Office & General 14,642
Utilities 9,170
Transportation 7,472
Kitchen supplies 5,715
Professional fees 5,257
Advertising 8,088
Insurance 10,673
Vehicle 5,724
Total Controllable Expenses -
Net Profit / Loss -
Your Answer:
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started