Question

Given the information below find net profit/loss in dollars for the month of June Guest Hotel...

Given the information below find net profit/loss in dollars for the month of June

Guest Hotel Inc.

Income Statement

for the period ending June 30, 2019

Sales
Food 193,864
Beverage 87,408
Total Sales -
Cost of Sales
Food 74,381
Beverage 28,467
Total cost of goods sold -
Gross Profit -
Controllable Expenses
Salaries & Wages 112,112
Occupancy 36,875
Office & General 14,642
Utilities 9,170
Transportation 7,472
Kitchen supplies 5,715
Professional fees 5,257
Advertising 8,088
Insurance 10,673
Vehicle 5,724
Total Controllable Expenses -
Net Profit / Loss -
Your Answer:


Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
CD-ROM Exercise 2.2 Use the figures givenbelow to complete the statement of income for the Blackburn...
CD-ROM Exercise 2.2 Use the figures givenbelow to complete the statement of income for the Blackburn Tavern, calculate percentages for each catagory as illustrated in Figure 2.1 Food Sales  $723,556.00 Salariesand Wages  $228,456.00 Beverage Sales  $224,945.00 Other Controllable  $145,532.00 Beverage Cost  $ 57,534.00 Employee Benefits  $  14,667.00 Food Cost  $265,998.00 Occupancy Costs  $ 44,860.00 Depreciation Expense  $ 74,856.00 Interest  $  21,790.00 Exercise 2.2 Blackburn Tavern INCOME STATEMENT Percent of Sales YEAR ENDED DECEMBER 31, 20XX Sales Food $ % Beverage % Total Sales $                   -    % Cost of Sales Food $ % Beverage...
please use Excel if you can, thank you very much. Income Statement with Budget Please complete...
please use Excel if you can, thank you very much. Income Statement with Budget Please complete the change and upcoming year columns based on the following information: Food and beverage sales will both increase by 5% Food and beverage cost percentages will remain the same Salaries and wages will increase by 4% The cost of employee benefits will increase, but will continue to be the same percentage of salaries and wages Other controllable costs will increase by $6,500 Occupancy costs...
1) Below is last month's income statement for Aday’s Taqueria: Sales:    Food Sales $42,500.00    Beverage Sales...
1) Below is last month's income statement for Aday’s Taqueria: Sales:    Food Sales $42,500.00    Beverage Sales $21,500.00 Total Sales $64,000.00 Less Costs Of Sales:    Food Costs $14,450.00    Beverage Costs $3,010.00 Gross Profit $46,540.00 Less Expenses:    Insurance $2,500.00    Rent $3,000.00    Labor $18,000.00    Miscellaneous $1,400.00    Utilities $1,600.00    Advertising $2,400.00    Office Supplies $800.00    Depreciation $2,000.00 $31,700.00 Net Profit $14,840.00 The managers at ACME Factory have decided to classify costs as follows: 1.   All of Insurance, Rent, Advertising and Depreciation as Fixed Costs. 2.   All of...
Complete the skeletal profit and loss statement below, using the following figures: Gross sales                          &nbs
Complete the skeletal profit and loss statement below, using the following figures: Gross sales                                          $234,000 Customer returns                                    18,000 Billed cost of goods                                100,000 Inward freight                                            2,000 Opening inventory                                   90,000 Closing inventory                                     80,000 Alterations charges                                       500          Cash discounts                                                  4% Advertising                                                 6,000 Salaries                                                    55,000 Occupancy expenses                               21,000 Miscellaneous expenses                            2,000 $ % Net Sales Cost of Merchandise Sold Gross Margin Operating Expenses Profit/Loss Please show the work. I know the answers just can't figure out how to get there. Thank you!
• Given the information below, answer questions from #11 to #12. TCA Hotel Income Statement For...
• Given the information below, answer questions from #11 to #12. TCA Hotel Income Statement For the Year Ended December 31, 2018 2018 ($) Rooms: Revenue 1,041,000 Expenses (Payroll & related expense and Others) 264,000 Room Department Income                          777,000 Food : Revenue                   626,000 Expenses (Cost of sales, Payroll & related expense and Others)                          507,000 Food Department Income             119,000 Others:         Revenue              52,000         Expenses (Payroll & related expense, and Others)            68,000 Other Departments Income...
A company’s accounts balance as at 30 June 2014 is shown in Table Q2 and the...
A company’s accounts balance as at 30 June 2014 is shown in Table Q2 and the company’s total revenue is RM 1,000,000: Table Q2 Description RM Cost of Goods Sold 426,200 Accounting and legal fees 11,700 Advertising 15,000 Depreciation 38,000 Electricity 2,700 Insurance 15,200 Interest and bank charges 27,300 Postage 1,500 Printing and stationery 8,700 Professional memberships 1,800 Rent for premises 74,300 Repairs and maintenance 21,100 Training 6,900 Vehicle operating costs 20,000 Wages and salaries 223,500 Workers compensation 6,500 All...
Presented below is information for Concord Company for the month of March 2020. Cost of goods...
Presented below is information for Concord Company for the month of March 2020. Cost of goods sold $221,920 Rent expense $33,370 Freight-out 6,410 Sales discounts 8,470 Insurance expense 5,440 Sales returns and allowances 12,520 Salaries and wages expense 55,970 Sales revenue 390,680 Prepare a multiple-step income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) CONCORD COMPANY Income Statement March 31, 2020For the Month Ended March 31, 2020For the Year Ended...
Exercise 5-09 a-b (Part Level Submission) Presented below is information for Kaila Company for the month...
Exercise 5-09 a-b (Part Level Submission) Presented below is information for Kaila Company for the month of March 2020. Cost of goods sold $215,000 Rent expense $30,000 Freight-out 7,000 Sales discounts 8,000 Insurance expense 6,000 Sales returns and allowances 13,000 Salaries and wages expense 58,000 Sales revenue 380,000 (a) Your answer is correct. Prepare a multiple-step income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) KAILA COMPANY Income Statement For...
Presented below is information for Pharoah Company for the month of January 2022. Cost of goods...
Presented below is information for Pharoah Company for the month of January 2022. Cost of goods sold $218,125 Rent expense $33,000 Freight-out 7,000 Sales discounts 8,000 Insurance expense 12,000 Sales returns and allowances 20,000 Salaries and wages expense 57,000 Sales revenue 377,000 Other comprehensive income 2,100 (a) Prepare a multiple-step income statement. (If there is a net loss then enter the amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Pharoah Company Income Statement...
Below are departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric...
Below are departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric guitar department since it has a net loss. The company classifies advertising, rent, and utilities expenses as indirect. WHOLESALE GUITARS Departmental Income Statements For Year Ended December 31, 2019 Acoustic Electric Sales $ 103,100 $ 84,200 Cost of goods sold 44,575 47,250 Gross profit 58,525 36,950 Operating expenses Advertising expense 5,045 4,280 Depreciation expense—Equipment 10,120 8,580 Salaries expense 19,900 17,500 Supplies expense 1,970 1,730...