Question: Use the figures given below to complete the statement of income for the XYZ restaurant. Calculate the percentage for each category and analyze the %'s

Use the figures given below to complete the statement of income for the "XYZ" restaurant. Calculate the percentage for each category and analyze the %'s (high, low, at par) with respect to the industry averages as discussed in class. Food Sales$1,294,713.42 Salaries and Wages$453,642.90 Beverage Sales$537,306.00 Other Controllable$309,363.00 Beverage Cost$118,207.32 Employee Benefits$113,410.44 Food Cost$453,149.24 Occupancy Costs$84,753.00 Depreciation Expense$28,160.00 Interest$87,008.90 Key Learning'sEach member of the group will share their individual 4 key learning's from the course so far and finally the group will create a common list of 4 key learning's.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!