THE DOG AND DUCK PUB

Income StatementTHE DOG AND DUCK PUB Notes:

Other Income of $$12,000$ in $2015$ is the rent on the apartment. Eypenses related to this

Income are in the Miscellaneous Eypenses line.

Manaqement Salaries. In $2009,$ Montaque paid himself a salary of $$40,000$ as owner'

manaqer. In $2015,$ a salary of $$50,000w$ as paid to the hired manaqer $($plus $1\%$ of qross sales$)$

Rent. $2,000$ square feet at $$33$ pre square foot in $2009$ and $$37$ in $2015.$

Common area costs. Refers to upkeep, snow removal, eto.

Income Statement

$20092015$

$($$$\text{'}000)\%($$$\text{'}000)\%$

Sales $$830100\mathrm{.}0\%$ $$705100\mathrm{.}0\%$

Cost of Goods Sold $33240\mathrm{.}0\%31544\mathrm{.}7\%$

Gross Profit $49860\mathrm{.}0\%39055\mathrm{.}3\%$

Expenses:

Management Salaries $404\mathrm{.}8\%578\mathrm{.}1\%$

Labour: Wages $20524\mathrm{.}7\%13318\mathrm{.}9\%$

Payroll Taxes $172\mathrm{.}0\%131\mathrm{.}8\%$

Rent $668\mathrm{.}0\%7410\mathrm{.}5\%$

Common Area $50\mathrm{.}6\%71\mathrm{.}0\%$

Promotion $425\mathrm{.}1\%131\mathrm{.}8\%$

Insurance $70\mathrm{.}8\%121\mathrm{.}7\%$

Hydro $121\mathrm{.}4\%253\mathrm{.}5\%$

Natural Gas $131\mathrm{.}6\%131\mathrm{.}8\%$

Telephone $20\mathrm{.}2\%20\mathrm{.}3\%$

Depreciation $101\mathrm{.}2\%60\mathrm{.}9\%$

Miscellaneous $20\mathrm{.}2\%20\mathrm{.}3\%$

Total Expenses $42150\mathrm{.}7\%35750\mathrm{.}6\%$

Operating Profit $779\mathrm{.}3\%334\mathrm{.}7\%$

Other Income $00\mathrm{.}0\%121\mathrm{.}7\%$

Other Expenses $00\mathrm{.}0\%30\mathrm{.}4\%$

Earnings before Tax $779\mathrm{.}3\%420$

Income Tax $232\mathrm{.}8\%110$

Net Income $$546\mathrm{.}5\%$ $$324\mathrm{.}5\%$

Notes:

$1.$ Other Income of $$12,000$ in $2015$ is the rent on the apartment. Expenses related to this

Income are in the Miscellaneous Expenses line.

$2.$ Management Salaries. In $2009,$ Montague paid himself a salary of $$40,000$ as owner$/$

manager. In $2015,$ a salary of $$50,000$ was paid to the hired manager $($plus $1\%$ of gross sales$)$

$3.$ Rent. $2,000$ square feet at $$33$ pre square foot in $2009$ and $$37$ in $2015.$

$4.$ Common area costs. Refers to upkeep, snow removal, etc. Conduct a Historical Financial Analysis on the above