You have the following information from the Aracaf Restaurant. Cost of sales are 47% of total...
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You have the following information from the Aracaf Restaurant. Cost of sales are 47% of total sales and wages are 26% of total sales. Rent expense for the month is $13,000, utilities expense is $5,500 and insurance expense is $4,000. 1. Calculate the break-even sales level for the month. b) Actual Sales for the month were $400,000. Determine the net income (or loss) for the month. You have the following information from the Aracaf Restaurant. Cost of sales are 47% of total sales and wages are 26% of total sales. Rent expense for the month is $13,000, utilities expense is $5,500 and insurance expense is $4,000. 1. Calculate the break-even sales level for the month. b) Actual Sales for the month were $400,000. Determine the net income (or loss) for the month.
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Answer rating: 100% (QA)
1 To calculate the breakeven sales level for the month we need to determine the total fixed costs an... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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