Managers budget for payroll allocations

Assignment Help Financial Management

Reference no: EM132019082

Jupiter's Pizzeria & Billiards is a sports-minded pub with pizza, a large beer selection, pool tables and a handful of arcade games. Jupiter's Pizzeria & Billiards had budgeted revenues for last year of $41,500, and budgeted expenses of $31,250. The pub’s sales last year were $43,100 and its expenses totaled $30,700.

The estimates made by the Jupiter's Pizzeria & Billiards manager are as follows:

Jupiter's Pizzeria & Billiards’ sales will increase by 3.2% this year.

Jupiter's Pizzeria & Billiards’ expenses will increase by 2.4% this year.

Jupiter's Pizzeria & Billiards’ manager assumes a target food cost of 30%.

Jupiter's Pizzeria & Billiards’ manager forecasts the labor cost for this year will be $9,400, and she assumes last year’s payroll allocation of 8.75% will not change.

What should Jupiter's Pizzeria & Billiards’ managers budget for payroll allocations?

Reference no: EM132019082

Questions Cloud

What is required rate of return : What stock price is expected 1 year from now? What is the required rate of return?

What impact does the changing environment have : What impact does the changing environment have on innovation and entrepreneurship within an organization?

Describe the central problem facing gt : Identify and describe the central problem facing GT? EXPLAIN your answer in detail. What arguments can you posit FOR and AGAINST GT's marketing attempts.

Generated Web Site for Aussie Road Fatalities : ICT112 Assignment. University of the Sunshine Coast. Write a Python program that generates an informative web site about Australian Road Fatalities

Managers budget for payroll allocations : What should Jupiter's Pizzeria & Billiards’ managers budget for payroll allocations?

Proceeds to pay off some of its outstanding bonds : plans to have the company issue $500 million of new common stock and use the proceeds to pay off some of its outstanding bonds.

Discuss competitive advantages for your business : You have completed all of the necessary sections of your business plan and will now create a final draft. Use any / all feedback you have received to polish.

Identify and discuss the two business dilemmas presented : Create the introductory paragraph. The introductory paragraph is the first paragraph of the paper and tells a reader the main points covered in the paper.

What are brief facts of case that led to the investigation : What are the brief facts of the case that led to the investigation? What duties of care, laws, or responsibilities to clients were violated?

User Account

All Pages