Question
Mark Levkoff oversees club operations for five military bases in Florida. He has just received year-end income statements for each. Information from the revenue and
Mark Levkoff oversees club operations for five military bases in Florida. He has just received year-end income statements for each. Information from the revenue and labor portion of those statements is shown below. Mark wants to use the current year's data to create next year's budget. Assume that Mark is happy with his labor productivity in each unit and that both wages and revenue in each will increase 2% next year. How much should Mark budget for revenue and labor in each unit? Select the correctly calculated table.
| This Year's Results | Next Year's Budget | ||||
| Location | This Year's Cost of Labor | This Year's Revenue | Projected Cost of Labor | Projected Revenue | Projected Labor Cost % |
| Pensacola | $285,000 | $980,500 | |||
| Daytona | $197,250 | $720,000 | |||
| Fort Meyer | $235,500 | $850,250 | |||
| Tampa | $279,750 | $921,750 | |||
| Miami | $1,190,250 | $3,720,000 |
Group of answer choices
| This Year's Results | Next Year's Budget | ||||
| Location | This Year's Cost of Labor | This Year's Revenue | Projected Cost of Labor | Projected Revenue | Projected Labor Cost % |
| Pensacola | $285,000 | $980,500 | $290,700 | $1,010,110 | 22.1% |
| Daytona | $197,250 | $720,000 | $201,195 | $734,400 | 27.4% |
| Fort Meyer | $235,500 | $850,250 | $240,210 | $867,255 | 26.7% |
| Tampa | $279,750 | $921,750 | $285,345 | $940,185 | 30.3% |
| Miami | $1,190,250 | $3,720,000 | $1,214,055 | $3,794,400 | 32.0% |
| This Year's Results | Next Year's Budget | ||||
| Location | This Year's Cost of Labor | This Year's Revenue | Projected Cost of Labor | Projected Revenue | Projected Labor Cost % |
| Pensacola | $285,000 | $980,500 | $290,700 | $1,000,110 | 29.1% |
| Daytona | $197,250 | $720,000 | $201,125 | $734,400 | 22.4% |
| Fort Meyer | $235,500 | $850,250 | $240,210 | $864,255 | 17.7% |
| Tampa | $279,750 | $921,750 | $285,345 | $940,185 | 32.3% |
| Miami | $1,190,250 | $3,720,000 | $1,214,055 | $3,794,400 | 32.0% |
| This Year's Results | Next Year's Budget | ||||
| Location | This Year's Cost of Labor | This Year's Revenue | Projected Cost of Labor | Projected Revenue | Projected Labor Cost % |
| Pensacola | $285,000 | $980,500 | $290,700 | $1,000,110 | 29.1% |
| Daytona | $197,250 | $720,000 | $201,195 | $734,400 | 27.4% |
| Fort Meyer | $235,500 | $850,250 | $240,210 | $867,255 | 27.7% |
| Tampa | $279,750 | $921,750 | $285,345 | $940,185 | 30.3% |
| Miami | $1,190,250 | $3,720,000 | $1,214,055 | $3,794,400 | 32.0% |
| This Year's Results | Next Year's Budget | ||||
| Location | This Year's Cost of Labor | This Year's Revenue | Projected Cost of Labor | Projected Revenue | Projected Labor Cost % |
| Pensacola | $285,000 | $980,500 | $290,700 | $1,000,110 | 25.1% |
| Daytona | $197,250 | $720,000 | $201,195 | $734,400 | 17.4% |
| Fort Meyer | $235,500 | $850,250 | $240,210 | $867,255 | 17.7% |
| Tampa | $279,750 | $921,750 | $285,345 | $940,185 | 20.3% |
| Miami | $1,190,250 | $3,720,000 | $1,214,055 | $3,794,400 | 32.0% |
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The General Managers
Authors: John P. Kotter
1st Edition
0029182301, 978-0029182307
