Question: need a answer please . 2. (This question is worth 2 points.) The owner does not approve the budget in question (1). The owner believes

. 2. (This question is worth 2 points.) The owner does not approve the budget in question (1). The owner believes he can accomplish the following: Increase food revenue by increasing the number of guests consuming food by an additional 12,000 guests, with guest check average being $22.50 Increase beverage revenues by 8% Make food costs 30% from new food revenue Make beverage costs 20% from the new beverage revenue Make payroll costs 32% from the new revenue, but benefit costs will increase by 6% over the initial amount (shown in question 1). Make other operating expenses 12% of new total revenue Fixed costs will remain at the same dollar amount as in the original budget in question 1 Question: What is the revised estimate of budgeted profit before tax? lc ... EvEvv A Revenue: Food (original) Additional food New Food Revenue S S S Beverage (original) Additional beverage 8% increase New Beverage Revenue $ New Total Revenue: S New Food Costs New Beverage Costs New Total Cost of Goods Sold S S S New Operating expenses: New Payroll New Benefits New Other operating expenses Total new operating expenses Fixed costs New Total costs New Profit before Taxes $ 1. (This question is worth 2 points.) What is the budgeted profit (before tax) being planned by the West Coast Restaurant for the current year, given the following information? Revenue (food) $975,000 Revenue (beverage) S135,000 Food cost = 31% of food revenue Beverage cost = 22% of beverage revenue Payroll = 34% of total revenue Employee benefits = 18% of labor cost Other operating expenses = 14% of total revenue Fixed costs = 8% of total revenue
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