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    Jin Ian Vincent
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    The document shows sales, costs, expenses and profit for a business. Total sales were $4 million, with 88% from actual sales and 12% from beverages. Cost of goods sold was 30% of sales, with a gross profit of 70%. Payroll was the highest controllable expense at 56% of the total of $358,000. Income before occupancy costs was 36% and net income before taxes was 2%.

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    Document-2

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    The document shows sales, costs, expenses and profit for a business. Total sales were $4 million, with 88% from actual sales and 12% from beverages. Cost of goods sold was 30% of sales, with a gross profit of 70%. Payroll was the highest controllable expense at 56% of the total of $358,000. Income before occupancy costs was 36% and net income before taxes was 2%.

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    4 views1 page

    Document 2

    Uploaded by

    Jin Ian Vincent
    The document shows sales, costs, expenses and profit for a business. Total sales were $4 million, with 88% from actual sales and 12% from beverages. Cost of goods sold was 30% of sales, with a gross profit of 70%. Payroll was the highest controllable expense at 56% of the total of $358,000. Income before occupancy costs was 36% and net income before taxes was 2%.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 1

    Actual

    Sales 3,500,000 88%


    Beverages 500,000 12%
    TOTAL SALES 4,000,000

    COST OF SALES
    Food 720,000 78%
    Beverages 200,000 22%
    TOTAL COST 920,000 30%
    GROSS PROFIT 3,080,000 70%

    CONTROLLABLE EXPENSES

    Payroll 200,000 56%


    Employee Benefits 60,000 17%
    Direct Operating expenses 40,000 11%
    Music and entertainment 15,000 4%
    Marketing 8,000 2%
    Energy 5,000 1%
    Administrative & General 10,000 3%
    Repairs & Maintenance 20,000 5%

    TOTAL CONTROLLABLE 358,000 99%

    INCOME BEFORE
    OCCUPANCY COSTS 120,000 36%

    OCCUPANCY COSTS
    Rent 10,000 9%
    Personal property taxes 800 1%
    TOTAL OCCUPANCY 10,800 10%

    INCOME BEFORE
    INTEREST AND DEP’N 100,000 10%

    Interest 30,000 3%
    Depreciation 50,000 5%

    NET INCOME
    Before Taxes 20,000 2%

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