tudy the Profit and Loss Statement on p. 145, and compute the following: Prime Cost (in dollars) Prime Cost Percent

Exhibit 5.12 Profit-and-Loss Statement Sales $366,412 138,222 73% 27 $504,634 100.0% $128,944 29,978 35% 22 31.5% $ 158,922 $345,712 68.5% Food Bar Total sales Cost of sales Food Bar Total cost of sales Gross profit Operational expenses Wages Vacation and retirement Payroll taxes Employee meals Salaries Supplies Maintenance and repair Laundry and uniforms Advertising Dishes, glassware, etc. Heat, light, and power Office expenses Total operational expenses Occupancy expenses Capital costs (interest, mortgage) Rent Insurance Depreciation Taxes Total occupancy expenses Total operational and occupancy expenses Net profits $151,402 10,093 5,407 10,067 12,617 15,008 7,511 11,608 2,418 7,710 15,001 7,065 30.0% 2.0 1.0 2.0 2.5 3.0 1.5 2.3 0.5 1.5 3.0 1.4 $255,547 50.6% $15,140 35,327 2,487 20,187 10,008 3.0 7.0 0.5 4.0 2.0 $83,149 16.5% $338,696 67.1% $7,016 1.4%