Last month a manager's food expense equaled $30 000. Labor expense for the month equaled $26,000,...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Last month a manager's food expense equaled $30 000. Labor expense for the month equaled $26,000, and other expenses equaled $12,000. Revenue for the month was $85,000. What was th s manager's total expense percentage? Use the following simplified income statement for The Tampopo Noodle House to answer Reverones Food & Beverage Cost Labor Cost Other Expenses Total Expense Profit $ $800,000 $300 000 350 000 50 000 % 3. What is the Profit achieved by The Tampopo Noodle House? 100% 2. What is the labor cost percentage achieved by The Tampopo Noodle House? Last month a manager's food expense equaled $30 000. Labor expense for the month equaled $26,000, and other expenses equaled $12,000. Revenue for the month was $85,000. What was th s manager's total expense percentage? Use the following simplified income statement for The Tampopo Noodle House to answer Reverones Food & Beverage Cost Labor Cost Other Expenses Total Expense Profit $ $800,000 $300 000 350 000 50 000 % 3. What is the Profit achieved by The Tampopo Noodle House? 100% 2. What is the labor cost percentage achieved by The Tampopo Noodle House?
Expert Answer:
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
-
Thor Bhd. (Thor) is a listed company in Malaysia, specializes in selling batteries. At 31 December 2021, Thor holds four distinct types of batteries in its warehouse. The accountant of Thor provided...
-
If Valuation Allowance for Trading Investments has a credit balance, how is it treated on the balance sheet?
-
Explain how each of the following would cause demand or supply to shift and how the equilibrium price and quantity for the good or service in question would change. a. A decrease in the number of...
-
This case deals with several issues regarding contract formation under the UCC. Logan and Kanawha Coal agreed to purchase coal from Detherage via a fax dated March 9, 2010. The fax stated that it had...
-
The long- term debt working paper on the next page was prepared by client personnel and audited by Andy Fogelman, an audit assistant, during the calendar year 2013 audit of American Widgets, Inc., a...
-
3 Eight students were asked to estimate the mass of a bag of sweets in grams. First they were asked to estimate the mass without touching the bag and then they were told to pick the bag up and...
-
How much fruit do adolescent girls eat? Figure 1.14 (page 39) is a histogram of the number of servings of fruit per day claimed by 74 seventeen-year-old girls. (a) With a little care, you can find...
-
Why is Ofelia frequently associated with the color green, which is particularly evident in her dresses? a. Green characterizes Ofelia as being a character who cares about consumerism, $, &...
-
Assuming the population has an approximate normal distribution, if a sample size n = 21 has a sample mean = 40 with a sample standard deviation s = 7, find the margin of error at a 95% confidence...
-
Build a class called LinkedListRunner with a main method that instantiates a LinkedList . Add the following strings to the linked list: aaa bbb CCC ddd eee fff ggg hhh iii Build a ListIterator and...
-
In 2015, Tony purchased a vacation property in his sole name in Kelowna. The initial investment was $300,000 and currently the fair market value of the property is $550,000. This year he has decided...
-
Part I: Code a Circle class with all necessary constructor and methods that will accept the radius as data entry and compute the perimeter and area of the circle respectively using two different...
-
Geena paid $10,000 for stock in a start-up company. A few months after she bought it, she sold the stock to her brother Henry for $8,000, its current value. Later, he sold the stock to an unrelated...
-
Data for Hill Oil Company are as follows for all US properties: Acquisition costs of unproved property, net of impairment.. $ 300,000 400,000 Nondrilling evaluation costs of unproved...
-
Draw and label the E and Z isomers for each of the following compounds: 1. CH3CH2CH==CHCH3 2. 3. 4. CH,CH2C CHCH2CH Cl CH3CH2CH2CH2 CH CH2CCCH2CI CHCH3 CH3 HOCH CH CCC CH O-CH C(CH
-
On January 1, 2013 Alex Ltd. purchased 100% of the outstanding common shares of Coco George Inc., a company based in Paris, France. Alex Ltd. is located in Canada and has a Canadian dollar functional...
-
You are a CA who has just been hired by Saskatoon Fields Forever Inc. (SFF), formerly MUGS Partnership (MUGS) as the controller. It is August 1, 2014, your rst day at SFF. You are meeting with Meghan...
-
When is prot realized on an intragroup transaction involving the parent renting a warehouse from the subsidiary?
-
Calculate the P(Gain) of each asset class (see above) and compare each. Which is most efficient?
-
Calculate and graphically demonstrate the risk of each asset; see above.
-
Compare the average returns for equity, debt and the major real estate asset classes for the last 5-, 10-, and 15-year periods. The asset classes are equity (S&P 500), debt (VBMFX), office, retail,...
Study smarter with the SolutionInn App