PLEASE SHOW WORKThe Wheatfield Valley golf course has been owned by the Miley family for two generations. Currently, it is managed by Cyrus Miley, a graduate of State University, where he majored in hospitality management. Last year was a good one for the golf course. Now Cyrus is preparing next years operating budget. He has gathered a great deal of information to help him prepare the best budget possible. After carefully analyzing that information, Cyrus predicts that next year the course will experience: A 5 percent increase in food sales A 3 percent increase in beverage sales No change in food or beverage product cost percentage Salaries and wages (management and staff) that will increase 4.5 percent Employee benefits that will increase 10 percent An increase of 2.5 percent in each Other Expense category No change in Occupancy Costs and Depreciation & Amortization Interest payments of $1,000 per month Tax payments that are estimated to be 25 percent of income before income taxes Calculate this years operating percentages for the food and beverage department on the budget worksheet provided, and then using his assumptions about next year, create Cyruss new operating budget in dollars and percentages in a formatted Google Sheet.

The Wheatfield Valley Golf Course FeB Department Budget Worksheet for Next Year