Calculate the percentage for each category

Assignment Help Accounting Basics
Reference no: EM133166455

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 (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

Reference no: EM133166455

Questions Cloud

Determine the emergency management : How do elected officials prepare/plan for economic concerns as they are related to emergency management? Consider contingency funds, etc.
Provide the journal entries in each year to maturity : The bond pays a yearly coupon interest of 5% at the end of each financial year. Provide the journal entries in each year to maturity
How each can contribute to project management : Explain the difference between direct and indirect costs, giving an example of each - List two organisational documents or resources
Center of societal change during the civil rights movement : 1. In reference to the March Book, how did businesses find themselves in the center of societal change during the civil rights movement?
Calculate the percentage for each category : Calculate the percentage for each category and analyze the %'s (high, low, at par) with respect to the industry averages as discussed in class
Illustrate how the organization tesla measures performance : The last action step in your audit is measuring the organization Tesla's overall performance.
Nashville student movement : 1. A business is a private entity that serves the public. Should businesses have obligations to serve all of the public or can they pick and choose who to serve
Explain the ethical issues involved in globalization : 1. Describe the range of ethical issues arising in a global business context. 2. Explain the ethical issues involved in globalization.
Which of adam segments would be reported separately : Based only on the above operating profit (loss) information, which of Adam's segments would be reported separately

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determine why the transfers were made

Carefully review the report to see if you can determine why the transfers were made (for example, to make up a General Fund deficit).

  Why do you think the given ideas should be included

R.E.C. Inc.'s staff of accountants finished preparing the financial statements for 2010. Why do you think those ideas should be included?

  What amount may Mary claim as an itemized deduction

Mary's mother defaults on a home loan and Mary pays $600 in loan payments, including $175 in interest. What amount may Mary claim as an itemized deduction

  Make a schedule that describes the intangible assets section

Sandro spent $ 65,000 on experimental, Mak schedule that describes the intangible assets section on the statement of financial position as of December 31, 2015

  What is the net present value npv of the investment and the

1. calculate the net present value npv of the following project cash flows. the applicable discount rate is 11.year 0

  What role materiality play in classifying type of control

What role does materiality play in classifying the type of control deficiencies identified above? A bar chart shows that when Henry is the AR Clerk

  How much will be the future value of these cash flows

If the required return of Jen Law Firm is 12%, compounding semi-annually, how much will be the future value of these cash flows at the end of the 4th year

  Does starboard industries prepare its financial statements

The income statement of Starboard Industries includes $12 million for the amortization of a loss resulting from the company. Does Starboard Industries prepare its financial statements according to U.S. GAAP or IFRS?

  Determine a reasonable price that a company is willing

Determine a reasonable price that A company is willing to offer B company assuming that goodwill is to be estimated by excess earnings capitalized

  Make martins sale budget for the fourth quarter

Make Martins sale budget for the fourth quarter 2014.Martin sells the product at the following prices. Toasted Pastillas 120/pack: Yema Balls 100/pack

  Calculate the depreciation expense

Calculate the depreciation expense using the diminishing-balance method for 2015 and 2019. Assume the depreciation rate is equal to one time straight-line rate

  How is the fixed-asset turnover ratio computed

How is the fixed-asset turnover ratio computed? Discuss how you would interpret Bed Bath & Beyond's ratio of 7.8355

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd