Examine the accompanying statement of the Berlin University Faculty Club. Identify the Berlin University classifications and terms that would not be used by a profit-seeking hotel and restaurant in the United States. Suggest alternate terms. (‚¬ is the European euro.)
Berlin U Faculty Club
Statement of Income and Expenses for FiscalYear

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Food Service Sales 548,130 Expenses Food Labor Operating costs 287,088 272,849 30,537 590,474 Deficit (42,344) Bar Sales 90,549 Expenses Cost of liquor Labor Operating costs 29,302 5,591 6,125 41,018 Surplus 49,531 Hotel Sales Expenses 33,771 23,803 Surplus Total surplus from operations General income (members' dues, room fees, etc.) General administration and operating expenses Deficit before university subsidy University subsidy Net surplus after university subsidy 9,968 17,155 95,546 134,347 (21,646) 23,000 1,354