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...
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...
Your accountant for your early stage company has provided a
Profit and Loss statement for the...
Your accountant for your early stage company has provided a
Profit and Loss statement for the last month. Based on these
results, the accountant has also developed a Pro Forma P&L for
the next month as shown below:
Pro Forma Income Statement
May 1 – 31, 2020
Sales
430,000
Less Cost of Goods Sold
200,000
Gross Profit
230,000
Operating Expenses:
Salaries
118,300
Rent
10,750
Utilities
4,730
Advertising
14,300
Selling Expenses
5,160
Insurance
10,320
Payroll and Misc. Taxes
12,900
Depreciation
6,450...
Accounts payable
$ 40,000
Accounts receivable
33,000
Accumulated depreciation—buildings
25,000
Ac
Accounts payable
$ 40,000
Accounts receivable
33,000
Accumulated depreciation—buildings
25,000
Accumulated depreciation—equipment
20,000
Advertising Expense
4,500
Bonds payable, due December 31, 2024
260,000
Buildings
180,000
Capital stock, $1 par value
220,000
Cash
92,120
Commission Expense
8,400
Cost of
Goods Sold
31,480
Depreciation Office
2,970
Equipment
75,500
Income
Tax Expense
7,150
Income taxes payable
3,860
Insurance Expense Sales Auto
3,200
Interest
Expense
1,550
Interest payable...