The budget on the next page was created at the beginning of the 2016/17 financial year.

Case studyJack's seafood restaurant

Due to storm damage, Jacks seafood restaurant will lose 30% of its seating for a 4-week period, this period being the last 2 weeks in May and the first 2 weeks inJune. It is estimated that sales in the dining room (food and all beverage), in this period will drop by 30% while the renovations and repairs are being carried out. Take away sales will not be affected.

1.Indicate what changes you will make to expenses to keep the budget on track.

2.Discuss what changes you have made to expenses and why?

Jack's Seafood Restaurant May June 2016/2017 2 Budget Original Other 30% Budget 30% Budget Total Budgeted information Amended Budget Original Other information Amended Total Amended 3 Daily sales Total for 2 weeks 30% less than buggeted figure Daily sales Total for 2 weeks 30% less than buggeted figure $73,203.00 $2,361.39 633,059.42 $9,917.83 $63,285.17 $85,030.00 52,834.33 $39,680.66 $11,904.20 $73, 125.80 $1,219,029.00 $1,197,206.9 $45,000.00 TA not effected $45,000.00 $70,200.00 TA not effected $70,200.00 $766,660.00 $766,660.0 $143,325.80 $1,985,689.00 $1,963,866.9 7 $118,203.00 $108,285.17 $155,230.00 $16,320.00 $526.45 67,370.32 $2,211.09 $14, 108.91 $19,040.00 $634.66 $8,885.33 $2,665.60 $16,374.40 $272,300.00 $267,423.3 9 $6, 100.00 $196.77 $2,754.83 $826.45 $5,273.55 $7, 140.0 $238.00 $3,332.00 $999.60 $6, 140.40 $101,550.00 $99,723.9 $22,420.00 D $19,382.46 $26,180.00 $22,514.80 $373,850.00 $367,147.2 10 $140,623.00 $127.667.63 $181,410.00 $165,840.60 $2,359,539.00 $2,331,014.2 11 12 Page 2 13 $6,736.80 $615,475.00 14 $36,630.00 $1, 181.61 $16,542.58 $11,579.81 $32,494.35 $48, 120.00 $1,604.00 $22,456.00 $15,719.20 $6,365.00 $205.32 $2,874.52 $5,502.65 $7,245.00 63,381.00 $2,366.70 $1,014.30 $106,181.00 15 $2,012. 16 $241.50 16 $2, 135.00 $68.87 $4,743.21 $3,320.25 $1,845.74 $2,499.00 $83.30 $1, 166.20 $816.34 $349.86 $35,480.00 17 $53,436.00 $1,723.74 $24.132.39 $16,892.67 $48,609.52 $68,910.00 $2,297.00 :32.158.00 $22,510.60 $9,647.40 $896,568.00 18 $5,076.00 $163.74 $2,292.39 $1,604.67 $4,617.52 $6,546.0 $218.20 $3,054.80 $2,138.36 $916.44 $85,170.00 $103,642.00 $3,343.29 $50,585.08 $35,409.56 $93,069.78 $133,320.00 $4,444.00 $62,216.00 $43,551.20 $18,664.80 $1,738,874.00 19 20 $36,981.00 $34.597.85 $48.090.00 $147.175.80 $620.665.00 21 31.00% 22 30.99% 30.01% 4.70% 23 39.00% 39.00% 38.05% 6.19% 5.70% 24 35.00% 35.00% 35% 25 38.00% 38.08% 37.99% 5.82% 9.50% 9.50% 9.50% 9.50%