Module 2 Excel Exercise (1)

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Centennial College *

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Finance

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Jun 13, 2024

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xlsx

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Uploaded by ProfessorMosquitoPerson1045

Module 2 Exercise Name: Rommel Companero Student ID: 301365797 Exercise 2.1 Use the figures given below to complete the statement of income for the "Local" restaura Calculate the percentage for each category. Food Sales $970,028.12 Salaries and Wages $300,443.40 Beverage Sales $284,337.68 Direct Operating Expenses $194,315.26 Beverage Cost $72,724.82 Employee Benefits $19,288.63 Food Cost $356,607.56 Occupancy Costs $57,277.25 Depreciation Expense $95,576.14 Interest $27,821.47 Exercise 2.2 Calculate the break-even point for Exercise 2.2 in sales dollars. Exercise 2.3 Complete the pro-forma for the upcoming year with the following projections. You will need calculate the change, the projected sales, and the percentage of sale for e 1. Food sales are expected to decrease by 35% due to new competitor in town. 2. Beverage sales are also expected to decrease by 10% 3. Food and beverage cost % will remain the same. 4. The cost percentages of Salaries and Wages needs to decrease by 1% 5. Employee benefits will increases or decreases at the same rate as salaries and wages 6. Direct operating expenses will reduce by $2000 7. Occupancy costs will increase by $3000 8. Interest expense will increase by 5% due to rate hikes. 9. Depreciation will remain the same.
ant. each category. s.
Exercise 2.1 The Local Bistro Income Statement For year ending 20XX Current Year (%) Sales Food $970,028.12 77.33% Beverage $284,337.68 22.67% Total Sales $1,254,365.79 100.00% Cost of Sales Food $356,607.56 36.76% Beverage $72,724.82 25.58% Salaries & Wages $300,443.40 23.95% Total COGS $729,775.78 58.18% Gross Profit $524,590.02 41.82% Other Controllable Expenses Direct Operating Expenses $194,315.26 15.49% Employee Benefits $19,288.63 1.54% Total Controllable Expenses $213,603.89 17.03% Controllable Income $310,986.13 24.79% Non-Controllable Expenses Occupancy Costs $57,277.25 4.57% Interest $27,821.47 2.22% Depreciation $95,576.14 7.62% Total Non-Controllables $180,674.86 14.40% Operating Profit/Loss $130,311.27 10.39%
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