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CURRENT TWELVE PERIOD MONTHS CURR. % YTD % FOOD SALES 301-Sales-Food 141600 1,699,200 100 100 TOTAL FOOD SALES 141600 1,699,200 100 100 Food Costs 311-Purchases-Food 17500 210,000 35 35 TOTAL FOOD COSTS 17500 210,000 35 35 BEVERAGE SALES 341-Sales-Beverages 24000 288000 100 100 TOTAL BEVERAGE SALES 24000 288000 100 100 BEVERAGE COSTS 351-Purchases-Beverages 12000 144000 24 24 TOTAL BEVERAGE COSTS 12000 144000 24 24 PRIME COST (F+B+LABOR) ALL SALES Total Food Sales 141600 1,699,200 54.76 54.76 Total Beverage Sales 24000 288000 45.24 45.24 TOTAL SALES 165600 1,987,200 100 100 TOTAL COSTS OF SALES TOTAL GROSS PROFIT OTHER INCOME 902-Cash Over/Short 200 728.58 0.16 0.09 907-Insurance Claim 1500 0.35 TOTAL OTHER INCOME 200 2228.58 0.16 0.44 TOTAL INCOME

CURRENT TWELVE PERIOD MONTHS CURR. % YTD % FOOD SALES 301-Sales-Food 141600 1,699,200 100 100 TOTAL FOOD SALES 141600 1,699,200 100 100 Food Costs 311-Purchases-Food 17500 210,000 35 35 TOTAL FOOD COSTS 17500 210,000 35 35 BEVERAGE SALES 341-Sales-Beverages 24000 288000 100 100 TOTAL BEVERAGE SALES 24000 288000 100 100 BEVERAGE COSTS 351-Purchases-Beverages 12000 144000 24 24 TOTAL BEVERAGE COSTS 12000 144000 24 24 PRIME COST (F+B+LABOR) ALL SALES Total Food Sales 141600 1,699,200 54.76 54.76 Total Beverage Sales 24000 288000 45.24 45.24 TOTAL SALES 165600 1,987,200 100 100 TOTAL COSTS OF SALES TOTAL GROSS PROFIT OTHER INCOME 902-Cash Over/Short 200 728.58 0.16 0.09 907-Insurance Claim 1500 0.35 TOTAL OTHER INCOME 200 2228.58 0.16 0.44 TOTAL INCOME

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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It is due today. Please help!

Can you help me find/solve the following?

1. PRIME COST (F+B+LABOR)

2. TOTAL COSTS OF SALES 

3. TOTAL GROSS PROFIT 

4. TOTAL INCOME 

5. TOTAL INCOME LESS CONTROLLABLE 

6. TOTAL OCCUPANCY COSTS 

7. INCOME BEFORE INT, DEPR & TAX

8. TOTAL INTEREST EXPENSES 

9. TOTAL DEPRECIATION EXPENSES 

10. NET PROFIT or (LOSS)

CONTROLLABLE EXPENSES Salaries & Wages 25,497.30 305967.6 27 24.59 Employees Benefits 6124.36 73,492.32 7.44 5.12 Direct Operating Expenses 60500 726000 6.3 5.03 Marketing 7000 84000 12 8 Energy & Utility Services 3000 36000 2.82 4.39 Administrative & General Expenses 5203.63 62443.56 6.5 8.36 Repairs & Maintenance 625.25 7503 0.8 0.88 TOTAL CONTROLLABLE EXPENSES 107,950.54 1,295,406.48 62.86 56.37 TOTAL INCOME LESS CONTROLLABLE ТOTAL OCCUPANсY COSTS INCOME BEFORE INT, DEPR & TAX TOTAL INTEREST EXPENSES TOTAL DEPRECIATION EXPENSES NET PROFIT or (LOSS)
Transcribed Image Text:CONTROLLABLE EXPENSES Salaries & Wages 25,497.30 305967.6 27 24.59 Employees Benefits 6124.36 73,492.32 7.44 5.12 Direct Operating Expenses 60500 726000 6.3 5.03 Marketing 7000 84000 12 8 Energy & Utility Services 3000 36000 2.82 4.39 Administrative & General Expenses 5203.63 62443.56 6.5 8.36 Repairs & Maintenance 625.25 7503 0.8 0.88 TOTAL CONTROLLABLE EXPENSES 107,950.54 1,295,406.48 62.86 56.37 TOTAL INCOME LESS CONTROLLABLE ТOTAL OCCUPANсY COSTS INCOME BEFORE INT, DEPR & TAX TOTAL INTEREST EXPENSES TOTAL DEPRECIATION EXPENSES NET PROFIT or (LOSS)
CURRENT TWELVE PERIOD MONTHS CURR. % YTD % FOOD SALES 301-Sales-Food 141600 1,699,200 100 100 TOTAL FOOD SALES 141600 1,699,200 100 100 Food Costs 311-Purchases-Food 17500 210,000 35 35 TOTAL FOOD COSTS 17500 210,000 35 35 BEVERAGE SALES 341-Sales-Beverages 24000 288000 100 100 TOTAL BEVERAGE SALES 24000 288000 100 100 BEVERAGE COSTS 351-Purchases-Beverages 12000 144000 24 24 TOTAL BEVERAGE COSTS 12000 144000 24 24 PRIME COST (F+B+LABOR) ALL SALES Total Food Sales 141600 1,699,200 54.76 54.76 Total Beverage Sales 24000 288000 45.24 45.24 TOTAL SALES 165600 1,987,200 100 100 TOTAL COSTS OF SALES TOTAL GROSS PROFIT OTHER INCOME 902-Cash Over/Short 200 728.58 0.16 0.09 907-Insurance Claim 1500 0.35 TOTAL OTHER INCOME 200 2228.58 0.16 0.44 TOTAL INCOME
Transcribed Image Text:CURRENT TWELVE PERIOD MONTHS CURR. % YTD % FOOD SALES 301-Sales-Food 141600 1,699,200 100 100 TOTAL FOOD SALES 141600 1,699,200 100 100 Food Costs 311-Purchases-Food 17500 210,000 35 35 TOTAL FOOD COSTS 17500 210,000 35 35 BEVERAGE SALES 341-Sales-Beverages 24000 288000 100 100 TOTAL BEVERAGE SALES 24000 288000 100 100 BEVERAGE COSTS 351-Purchases-Beverages 12000 144000 24 24 TOTAL BEVERAGE COSTS 12000 144000 24 24 PRIME COST (F+B+LABOR) ALL SALES Total Food Sales 141600 1,699,200 54.76 54.76 Total Beverage Sales 24000 288000 45.24 45.24 TOTAL SALES 165600 1,987,200 100 100 TOTAL COSTS OF SALES TOTAL GROSS PROFIT OTHER INCOME 902-Cash Over/Short 200 728.58 0.16 0.09 907-Insurance Claim 1500 0.35 TOTAL OTHER INCOME 200 2228.58 0.16 0.44 TOTAL INCOME
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