What is jupiter pizzeria and billiards forecasted food cost

Assignment Help Financial Management

Reference no: EM132019003

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 is Jupiter's Pizzeria & Billiards’ forecasted food cost for this year?

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

Jupiter's Pizzeria & Billiards’ manager is concerned about the pub’s accounts receivable. The pub currently has $5,000 in accounts receivable, with aging of accounts as 45% in less than 30 days, 40% in 30-60 days, 10% in 60-90 days, and 5% in 90+ days. What dollar amount of the pub’s accounts receivable can Jupiter's Pizzeria & Billiards’ manager expect to receive 30-60 days from now?

Reference no: EM132019003

Questions Cloud

What is yield to maturity on corporate bond : What is the yield to maturity on the corporate bond? What is the yield spread between this corporate bond and the risk free bond?

What are the closing costs at the time of purchase : what are the closing costs at the time of purchase? what is the APR for this mortgage?

How do you envision the world of seth boardinghouse : Create a director's concept for Joe Turner's Come and Gone using the seven elements outlined in the previous slides: themes, mood/atmosphere, overall look.

Where is the theatre headed : Predicting trends in the theatre is the work of theatre artists the world over. While their first and foremost concern is with self-expression.

What is jupiter pizzeria and billiards forecasted food cost : What is Jupiter's Pizzeria & Billiards’ forecasted food cost for this year? What should Jupiter's Pizzeria & Billiards’ managers budget for payroll allocations

Justify the value of risk plan using given information : Justify the value of risk plan considering the time, effort, cost, and resources it took to develop such a plan. If you were the project manager.

Capital expenditures subtracted from net income : why is depreciation and change in net working capital added back and capital expenditures subtracted from net income?

What major issues the program will be addressing : Create a metaphor or analogy that captures the essence of the major lessons learned in the BBA program (e.g., business administration is like).

The manufacturing industry incentive package : Discussion on whether to grant small business in the manufacturing industry an incentive package. Boldon is considering his options.

User Account

All Pages