Question
Jupiter's Pizzeria & Billiards is a sports-minded pub with pizza, a large beer selection, pool tables and a handful of arcade games. Jupiter's Pizzeria &
Jupiter's Pizzeria & Billiards is a sports-minded pub with pizza, a large beer selection, pool tables and a handful of arcade games. Jupiter's Pizzeria & Billiards had budgeted revenues for last year of $41,500, and budgeted expenses of $31,250. The pubs sales last year were $43,100 and its expenses totaled $30,700.
The estimates made by the Jupiter's Pizzeria & Billiards manager are as follows:
Jupiter's Pizzeria & Billiards sales will increase by 3.2% this year.
Jupiter's Pizzeria & Billiards expenses will increase by 2.4% this year.
Jupiter's Pizzeria & Billiards manager assumes a target food cost of 30%.
Jupiter's Pizzeria & Billiards manager forecasts the labor cost for this year will be $9,400, and she assumes last years payroll allocation of 8.75% will not change.
What is Jupiter's Pizzeria & Billiards forecasted food cost for this year?
What should Jupiter's Pizzeria & Billiards managers budget for payroll allocations?
Jupiter's Pizzeria & Billiards manager is concerned about the pubs accounts receivable. The pub currently has $5,000 in accounts receivable, with aging of accounts as 45% in less than 30 days, 40% in 30-60 days, 10% in 60-90 days, and 5% in 90+ days. What dollar amount of the pubs accounts receivable can Jupiter's Pizzeria & Billiards manager expect to receive 30-60 days from now?
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