Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You are responsible for building an operating budget for your food service operation. Your establishment budgeted for sales of $100,000 this year and total operating

You are responsible for building an operating budget for your food service operation. Your establishment budgeted for sales of $100,000 this year and total operating costs including labor, food/beverage costs, facility costs, etc are 89%. What is your profit this year? $100,000 X .89 = $89,000 $100000-89,000= $11,000

If you project a modest increase in revenues of 3% next year, what would your increase in sales be?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions