[SOLVED] Profit and Loss Statement – Business Finance

by | Aug 28, 2022 | Business Finance

Based on the chart, please answer the following questions in your written document:What are total weekly sales?What are food sales only?What is food cost in dollars?What are beverage sales only?What is beverage cost in dollars?What is the cost of goods in dollars?What is the gross profit as a dollar amount?What is labor cost as a dollar amount?What are direct operating expenses in dollars?What are occupancy costs in dollars?What is net profit in dollars?Bar operation profit and loss statement
Number of Guests
100
Average Check – Food Only
$20
Average Check – Beverage Only
$35
Food Cost
31% of food sales
Beverage Cost
22% of beverage sales
Labor
20% of Total Sales
Direct Operating Cost
28% of Total Sales
Occupancy Cost
11% of Total Sales
Based on the chart, please answer the following questions in your written document:
1. What are total weekly sales?
2. What are food sales only?
3. What is food cost in dollars?
4. What are beverage sales only?
5. What is beverage cost in dollars?
6. What is the cost of goods in dollars?
7. What is the gross profit as a dollar amount?
8. What is labor cost as a dollar amount?
9. What are direct operating expenses in dollars?
10. What are occupancy costs in dollars?
11. What is net profit in dollars?

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