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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 image text in transcribed
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image text in transcribed
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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

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