Problem: Anna is the food and beverage director for a mid-size hotel in a beach destination area. The general manager of the hotel has given Anna a target of 10% profit for this year. Anna's staff is predominantly composed of his beach buddies. Although she is good at controlling most of her costs, she had a hard time telling her friends to go home when business slows down, and he needs to reduce her staff. If she doesn't make her profit goal, her general manager will likely reprimand her, and she could possible lose her job. Express Anna's expenses and profit as a percentage of total revenue, both this year and last year, to determine if she met her profit goal (fill in the blanks). This Year Last Year Total Revenue 1,448,956.00 463,666.00 4 |1,094,276.00 13 F&B Expense 5 9 35 40 Labor Expense Other Expenses Total Expenses Profit 652,030.00 10 15 186,027.00 14 2 7 11 15 12 8.
Problem: Anna is the food and beverage director for a mid-size hotel in a beach destination area. The general manager of the hotel has given Anna a target of 10% profit for this year. Anna's staff is predominantly composed of his beach buddies. Although she is good at controlling most of her costs, she had a hard time telling her friends to go home when business slows down, and he needs to reduce her staff. If she doesn't make her profit goal, her general manager will likely reprimand her, and she could possible lose her job. Express Anna's expenses and profit as a percentage of total revenue, both this year and last year, to determine if she met her profit goal (fill in the blanks). This Year Last Year Total Revenue 1,448,956.00 463,666.00 4 |1,094,276.00 13 F&B Expense 5 9 35 40 Labor Expense Other Expenses Total Expenses Profit 652,030.00 10 15 186,027.00 14 2 7 11 15 12 8.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Problem:
Anna is the food and beverage director for a mid-size hotel in a beach destination area.
The general manager of the hotel has given Anna a target of 10% profit for this year.
Anna's staff is predominantly composed of his beach buddies. Although she is good at
controlling most of her costs, she had a hard time telling her friends to go home when
business slows down, and he needs to reduce her staff. If she doesn't make her profit
goal, her general manager will likely reprimand her, and she could possible lose her
job. Express Anna's expenses and profit as a percentage of total revenue, both this
year and last year, to determine if she met her profit goal (fill in the blanks).
This Year
Last Year
%
Total Revenue
|1,448,956.00
1,094,276.00
4
13
F&B Expense
463,666.00
35
Labor Expense
652,030.00
10
40
Other Expenses
1
15
186,027.00
14
Total Expenses
2
7
11
15
Profit
3.
12
8.
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