Year 20XX Pesto's Restaurant Profit and Budgeted Year 20XX Actual loss statement Sales Restaurant beverage sales...

Transcribed Image Text:

Year 20XX Pesto's Restaurant Profit and Budgeted Year 20XX Actual loss statement Sales Restaurant beverage sales 341,500 335,615 Restaurant food sales 527,500 468,185 Total Sales $869,000 $803,800 Operating Expenses Total beverage costs 102,450 107,397 Total food costs 211,000 187,274 Advertising/Marketing 53,000 50,300 Bank Service Charges 10,200 10,200 Credit Card Fees 6,000 Insurances 24,000 Payroll 217,000 6,000 24,000 220,000 Team Building 6,000 6.200 Professional Fees 12,000 12,000 Rent or Lease 72,000 72,000 Subscription & Dues 3,000 3,000 Taxes & Licenses 2,400 2,400 Utilities and Telephone 60,000 59,781 Equipment Leases 48,000 48,000 Maintenance 18,000 18,000 Total Operating Expenses 845,050 826,552 Net Profit Before Tax/(Loss) $23,950 ($22,752) Task: . Conduct investigations into each of the financial and non-financial performance data and write a brief report for the owners reporting system failure and variances to the business. Your report must cover the following: analysis of financial and non-financial performance reports against planned objectives comment on the suitability of performance indicators and what changes might be required to achieve organisational goals such as lowering or increasing the benchmark levels to ensure more realistic and achievable objectives. recommend performance improvement strategies Please upload your submissions as per the Task. Year 20XX Pesto's Restaurant Profit and Budgeted Year 20XX Actual loss statement Sales Restaurant beverage sales 341,500 335,615 Restaurant food sales 527,500 468,185 Total Sales $869,000 $803,800 Operating Expenses Total beverage costs 102,450 107,397 Total food costs 211,000 187,274 Advertising/Marketing 53,000 50,300 Bank Service Charges 10,200 10,200 Credit Card Fees 6,000 Insurances 24,000 Payroll 217,000 6,000 24,000 220,000 Team Building 6,000 6.200 Professional Fees 12,000 12,000 Rent or Lease 72,000 72,000 Subscription & Dues 3,000 3,000 Taxes & Licenses 2,400 2,400 Utilities and Telephone 60,000 59,781 Equipment Leases 48,000 48,000 Maintenance 18,000 18,000 Total Operating Expenses 845,050 826,552 Net Profit Before Tax/(Loss) $23,950 ($22,752) Task: . Conduct investigations into each of the financial and non-financial performance data and write a brief report for the owners reporting system failure and variances to the business. Your report must cover the following: analysis of financial and non-financial performance reports against planned objectives comment on the suitability of performance indicators and what changes might be required to achieve organisational goals such as lowering or increasing the benchmark levels to ensure more realistic and achievable objectives. recommend performance improvement strategies Please upload your submissions as per the Task.