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please show work for income statements You are about to open a small establishment that sells coffee, energy drinks, teas and pre-packaged foods. The building
please show work for income statements
You are about to open a small establishment that sells coffee, energy drinks, teas and pre-packaged foods. The building has a small footprint. It has a drive-through and take-out counter service with 2 or 3 tables that could be used to sit - though the atmosphere is very basic and in a small space so it is not designed to have many sit-down customers - mostly it is for take-out. Beverages: regular and specialty coffees, energy drinks, teas, etc. Food (prepackaged): Protein bars, healthy snacks, caffeine edibles, etc. Hours: 6:00am to 6:00pm - Open 350 days of the year. (Estimate 50 Sundays, 50 Mondays, 50 Tuesdays, 50 Wednesdays, 50 Thursdays, 50 Fridays and 50 Saturdays) You are located on a busy two-lane road close to downtown Kalamazoo. You are targeting professional (both white- and blue-collar workers) who travel on that road that go to and from work and those traveling to other downtown activities. You have projected the following revenue and costs for the first year as outlined below: Revenue Drive-Thru customers Monday - Friday, 200 customers per day (1000/week), average ticket $5.00 Saturday - 100 customers per day, average ticket $6.00 Sunday - 50 customers per day, average ticket $6.00 Walk-in/Take-Out customers: Monday -Friday, 50 customers per day (250/week), average ticket $6.00 Saturday - 40 customers per day, average ticket $6.00 Sunday - 25 customers per day, average ticket $6.00Step by Step Solution
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