Su Chan manages a popular restaurant called the Bungalow. Her P&L for the month of March...
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Su Chan manages a popular restaurant called the Bungalow. Her P&L for the month of March is as follows: Revenue F&B Expense Labor Expense Other Expenses Total Expenses Profit The Bungalow's March P&L $100,000.00 $ 34,000.00 40,000.00 21,000.00 $ 95,000.00 $ 5,000.00 Su has a meeting with the owner of the Bungalow next week, so she decided to create a pie chart showing the percentage of her costs in relation to her total sales (see the following diagram). Other expense 21.0% Profit 5.0% Labor expense 40.0% 100.0% 34.0% 40.0% 21.0% 95.0% 5.0% April revenue = $120,000 Food and beverage expense = $44,000 Labor and other expenses remain constant. Food and beverage expense 34.0% At the meeting with the owner, Su is asked to change the information on the pie chart to reflect the next month's projections. The owner suggests that April revenue and costs should be as follows: Using these numbers, is the owner's profit percentage going to be higher or lower than that in March? By how much? Su Chan manages a popular restaurant called the Bungalow. Her P&L for the month of March is as follows: Revenue F&B Expense Labor Expense Other Expenses Total Expenses Profit The Bungalow's March P&L $100,000.00 $ 34,000.00 40,000.00 21,000.00 $ 95,000.00 $ 5,000.00 Su has a meeting with the owner of the Bungalow next week, so she decided to create a pie chart showing the percentage of her costs in relation to her total sales (see the following diagram). Other expense 21.0% Profit 5.0% Labor expense 40.0% 100.0% 34.0% 40.0% 21.0% 95.0% 5.0% April revenue = $120,000 Food and beverage expense = $44,000 Labor and other expenses remain constant. Food and beverage expense 34.0% At the meeting with the owner, Su is asked to change the information on the pie chart to reflect the next month's projections. The owner suggests that April revenue and costs should be as follows: Using these numbers, is the owner's profit percentage going to be higher or lower than that in March? By how much?
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To determine the profit percentage for April we need to calculate the total exp... View the full answer
Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1118644942
6th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
Posted Date:
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