Question
Please create a profit/loss statement with the information provided below. Attached is how the profit/loss statement should replicate. You must also categorize, calculate, and place
Please create a profit/loss statement with the information provided below. Attached is how the profit/loss statement should replicate. You must also categorize, calculate, and place the items and numbers. Please remember that the calculations of all percentages are part of each item in each category.
1. Revenues (sales) for food and beverage. Show how you get the numbers
Food = $678,910
Beverage = $126,543
2. Costs of food and beverage, show calculation and/or explain how you find, the numbers
Food = $203,673
Beverage = $22,777
3. Labor costs
Management $64000 Staff $108000 Employee Benefits $43000
4. Prime Cost
5. Operating costs (controllable)
a. Marketing = $18,000
b. Utilities = $26,500
c. Administrative and General Expenses = $20,000
d. Repairs and Maintenance = $16,800
6. Operating costs (noncontrollable)
a. Rent = $80,000
b. Equipment rental = $5,200
7. Grand total of expenses
8. Profit or Loss
Profit and Loss Statement Format Revenue (Sales): Operating Expenses (Controllable Expenses) Category 1 Category 2 Category 3 Category 4 Total Operating Expenses $ $ $ $ \$ % of Total Revenue % of Total Revenue % of Total Revenue % of Total Revenue \% of Total Revenue Non-Controllable Expenses (Fixed Costs) Rent $ % of Total Rev
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