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Please answer the following questions (3,4,5,6,7) for a thumbs up!! Thanks, i have also provided two charts below for the information or your convenience, the
Please answer the following questions (3,4,5,6,7) for a thumbs up!! Thanks, i have also provided two charts below for the information or your convenience, the summary of transactions from the previous question is duplicated below. Sample Cafe Transactions Item Notes B.200 medium cups of coffee sold at $3.00 each Includes 600 medium cups medium cups sold to the college and delivered to a reception that has been invoiced, but not yet paid 3,700 large cups of coffee sold at $4.00 each Espresso maker purchased last year for $12,600 5-year life $720 premium for business insurance Premium for full year $3,800 for rent Includes $2,000 in rent deposits $2,400 for coffee beans Includes coffee discarded valued at $100 $1,500 for coffee cups O cups in inventory at the beginning of January $800 worth of cups stilin inventory at the end of month $13,800 to employees for payroll $2,200 owed in payroll taxes $100 of interest on loon Paid mid-month $900 for electricity and water Includes $500 in utility deposits $11,000 in advertising $2,900 per week billed monthly Now use the transaction information to create a Accrual-Based Income Statement for January using the following template Account Balance Revenues $ 37600 nts Cost of Goods Sold $ 3900 Gross Margin, or Gross Profit $ 33700 Expenses Salaries and Wages 13800 Rent and Utilities $ 4700 Advertising $ 11600 Insurance $ 720 Equipment Depreciation 2520 Interest $ 100 ED Total Expenses $ 33440 3 Net Income $ 4160 ret QUESTION 7 Sample Cate had given employees a 10% raise at the beginning of January, what would not income have been presuming taxes increase at the same rate as wages Answer $ a QUESTION 6 What is the net income as a percent of revenue? Answer 0.0 % QUESTION 5 What are salaries and wages as a percent of revenue? Answer 0 % QUESTION 4 For each cup of coffee sold, what is the average contribution margin? Answer 20.88 QUESTION 3 What is the gross margin percent for Sample Cafe
Please answer the following questions (3,4,5,6,7) for a thumbs up!! Thanks, i have also provided two charts below for the information
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