You own a testaur ant that had the following to sult in the past year. The eoonomy is growing t alate of 5\%. The loeal Colleges and hospitals are growing. We are expeoting a long diy summer nell year. Ploase Name your restaurant, state sorne bicief outlines on its oonoept. You oan assume the one in clase. Then till out the grey areas on the budget, On the gley areas of the budget, you need te fill out what you think the budget would be and what your number shd Instructions: percent totals would be in relation to that variable. Name of your Restaurant: Concept this? What actions vill gou take fi.e. Do a food 3 Sales Dollars Pereent GeMT Dollars giveavas promo, cut heat, hire a band.) Keep our strong focus on food but grow beyerage so it outpases 3 Food 1,013,600 724%71.0% reverise granth on beverages. theed to grom beverages so we to Beverage 11 Total Sales 12 Cost of Sales \begin{tabular}{|r|r|} \hline 386,400 & \\ \hline & 1,400,000 \\ \hline 331,447 & \\ \hline 85,394 & \\ \hline & 416,841 \\ \hline & 983,159 \\ \hline \end{tabular} 276%290% o an increase our gross margin. 1000% Girow 5\%: 32.7% 22.1% 29.8% 70.2% 320% 200% Fized Costs 35.7% 65.5% 1 Income Stateitient Out of 5 points (25) tor each You vum a restautant that has the following resuls in the past year. The restaurant is loostes in sowntumn valheouver and there has been a major evonomio slowdown whereby notooo pobs nearby are going to be eliminated. What do you do on your Instructions: restaurant budget ? Name of your Restaurant. this? What aetions vill sou tahe fi.e. Do a fond 8 Sales giveavas promo, out heat, hire a band.) Foodis gaing to deoline on Eales, but we are going tolook at o apturing more sales rrom reaidents. Although we will deeline will not be as bad. pace az lotg of our beverage zaleg are to be pple who live 10 Beverage 11 Total Sales 12 Cost of Sales nearby. \begin{tabular}{|l|l} \hline 13 & Food Co \\ is & Beverage \\ is & Cost of \\ 16 & Gross P \\ & \\ \hline 13 & Labour \\ is & Salaries \end{tabular} Income Statement Sales Food Beverage Total Sales Cost of Sales \begin{tabular}{r|r|r|} \cline { 2 - 3 } 331,447 & & 32.7% \\ 855,394 & & 22.1% \\ \hline & 416,841 & 29.8% \\ \hline & 983,159 & 70.2% \\ \hline \end{tabular} Food Cost Beverage Cost 10 Cost of Goods Sold 11 Gross Profit 12 Labour Salaries \& Wages Employee Benefits Total Labour Costs 17 Prime Cost 18 Controllable Expenses \begin{tabular}{|r|r|r|} \hline 403,200 & & 28.8% \\ \hline 96,600 & & 6.9% \\ \hline & 499,800 & 35.7% \\ \hline 916,641 & 65.5% \\ \hline \end{tabular} 19 Direct Operating Expenses 20 Music \& Entertainment 21 Marketing 22 Utilities 23 General \& Administrative 24 Repairs \& Maintenance 25 Total Controllable Expenses 26 Income Before Fixed Costs You own a testaur ant that had the following to sult in the past year. The eoonomy is growing t alate of 5\%. The loeal Colleges and hospitals are growing. We are expeoting a long diy summer nell year. Ploase Name your restaurant, state sorne bicief outlines on its oonoept. You oan assume the one in clase. Then till out the grey areas on the budget, On the gley areas of the budget, you need te fill out what you think the budget would be and what your number shd Instructions: percent totals would be in relation to that variable. Name of your Restaurant: Concept this? What actions vill gou take fi.e. Do a food 3 Sales Dollars Pereent GeMT Dollars giveavas promo, cut heat, hire a band.) Keep our strong focus on food but grow beyerage so it outpases 3 Food 1,013,600 724%71.0% reverise granth on beverages. theed to grom beverages so we to Beverage 11 Total Sales 12 Cost of Sales \begin{tabular}{|r|r|} \hline 386,400 & \\ \hline & 1,400,000 \\ \hline 331,447 & \\ \hline 85,394 & \\ \hline & 416,841 \\ \hline & 983,159 \\ \hline \end{tabular} 276%290% o an increase our gross margin. 1000% Girow 5\%: 32.7% 22.1% 29.8% 70.2% 320% 200% Fized Costs 35.7% 65.5% 1 Income Stateitient Out of 5 points (25) tor each You vum a restautant that has the following resuls in the past year. The restaurant is loostes in sowntumn valheouver and there has been a major evonomio slowdown whereby notooo pobs nearby are going to be eliminated. What do you do on your Instructions: restaurant budget ? Name of your Restaurant. this? What aetions vill sou tahe fi.e. Do a fond 8 Sales giveavas promo, out heat, hire a band.) Foodis gaing to deoline on Eales, but we are going tolook at o apturing more sales rrom reaidents. Although we will deeline will not be as bad. pace az lotg of our beverage zaleg are to be pple who live 10 Beverage 11 Total Sales 12 Cost of Sales nearby. \begin{tabular}{|l|l} \hline 13 & Food Co \\ is & Beverage \\ is & Cost of \\ 16 & Gross P \\ & \\ \hline 13 & Labour \\ is & Salaries \end{tabular} Income Statement Sales Food Beverage Total Sales Cost of Sales \begin{tabular}{r|r|r|} \cline { 2 - 3 } 331,447 & & 32.7% \\ 855,394 & & 22.1% \\ \hline & 416,841 & 29.8% \\ \hline & 983,159 & 70.2% \\ \hline \end{tabular} Food Cost Beverage Cost 10 Cost of Goods Sold 11 Gross Profit 12 Labour Salaries \& Wages Employee Benefits Total Labour Costs 17 Prime Cost 18 Controllable Expenses \begin{tabular}{|r|r|r|} \hline 403,200 & & 28.8% \\ \hline 96,600 & & 6.9% \\ \hline & 499,800 & 35.7% \\ \hline 916,641 & 65.5% \\ \hline \end{tabular} 19 Direct Operating Expenses 20 Music \& Entertainment 21 Marketing 22 Utilities 23 General \& Administrative 24 Repairs \& Maintenance 25 Total Controllable Expenses 26 Income Before Fixed Costs