Question: Instruction: Answer the items below by showing some computations. Each item is equivalent to 4 points. DAMAGED CONTROL: Income Statement A mini restaurant, owned and

Instruction: Answer the items below by showing some computations. Each item is equivalent to 4 points.

DAMAGED CONTROL: Income Statement

A mini restaurant, owned and managed by Edrianne, is gearing up for the high season and with a sales of Php 180,000. His new supervisor has stocked a lot of raw materials that makes a total cost of Php 95,000. The amount of money that is tied up in the raw materials is still at large after adding the beginning raw materials and purchases to Php 120,000 in total. His accountant has been unable to make all of its Accounts Payable payments after computing a net profit of 20% of the Sales. He wants to minimize his expenses after realizing his unpaid debts.

What is the food cost percentage?

How much is his inventory end?

What is his gross profit?

What is his total expenses?

What is his net profit?

What is the selling price per item if there 50 pcs of items sold in a day for 30 days?

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