James Akerley is the department manager of a restaurant that is part of a larger organization that includes a mini-putt course and a movie theatre. The restaurant has two servers and had 20,000 orders in 2016. Below, you will find the operating revenue and distributed operating expenses portion of the restaurant's summary operating statement for the year ending December 31, 2016. Distributed Operating Portion of Summary Operating Statement for Cayenne's Restaurant For the Year Ended December 31, 2016 Revenues $415,000 Cost of Sales $235,000 Gross Profit $180,000 Operating Expenses (Department Specific) Payroll and Related Expenses $80,000 Other Expenses $4,000

James Akerley is the department manager of a restaurant that is part of a larger organization that includes a mini-putt course and a movie theatre. The restaurant has two servers and had 20,000 orders in 2016. Below, you will find the operating revenue and distributed operating expenses portion of the restaurant's summary operating statement for the year ending December 31, 2016. Distributed Operating Portion of Summary Operating Statement for Cayenne's Restaurant For the Year Ended December 31, 2016 Revenues $415,000 Cost of Sales $235,000 Gross Profit $180,000 Operating Expenses (Department Specific) Payroll and Related Expenses $80,000 Other Expenses $4,000

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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