(Feb 21—27) Projected Actual Difference Food Cost $6,971 $7,842 +$871 (over) Beverage Cost $3,954 $4, 156 +$202 (over) Labor Cost $8,423 $9,541 +$1,118 (over) Other Costs $7,645 $7,645 $0 (even) Total Costs $26,993 $29, 184 +$2191 (over) Food Sales $18,565 $14,326 -$4,239 (under) Beverage Sales $12,872 $10,852 -$2,020 (under) Total Sales (Revenue) $31,437 $25,178 -$6,259 (under) Total Profit $4,444 -$4,006 -$8,450 (unde What were the results of the restaurant's projected revenue, relative to its projected costs? a. Profit b. Loss c. Break-even
Q: Find the simple interest. Principal Rate Time in Months $10000 8% 9 The simple interest is $ (Round…
A: Simple interest refers to the interest earned on the principal amount invested for a period of time…
Q: ABC Corporation Comparative Income Statements in € For the Years Ended December 31, 20X3 and 20X2…
A: Financial ratio analysis can be used for comparison of ratios of firms in the same industry or for…
Q: 7. What is the minimum interest rate of a company should accept, if it is support and finance an…
A: Net Present Value is also known as NPV. It is a capital budgeting techniques which help in decision…
Q: 2. If the expected return of Apple stock is 25% and the risk-free rate is 5%. If the standard…
A: Explanation : Sharpe ratio is used for measuring the risk adjusted relative return. Sharpe ratio…
Q: Jessica borrowed $4800 from the bank in order to buy a new piano. She will pay it off by equal…
A: Loan repayments are done in the form of fixed periodic payments. The fixed periodic payments…
Q: A credit union is offering a $425,000 30 year loan with an annual rate of 4.1% with 1.4 points or…
A: The number of months refers to the period to be taken to recover the initial investment made by the…
Q: Suppose the Canadian dollar (CAD) is quoted at 1.3240 - 55 CAD/USD and the Euro is quoted at 0.8220…
A: Exchange rate refers to the value of one currency in relation to another currency. It is the rate at…
Q: You hold a 9 year bond that is callable in 6 years. The call premium is one semi-annual coupon…
A: Yield to call refers to the rate of return received by the bond holder when the security is held up…
Q: You owe $34,000 on student loans at an annual interest rate of 5.4%, with interest compounded…
A:
Q: Indicate whether each of the following statements is true or false. Support your answers with the…
A: 1) False Modigliani and Miller’s Proposition II assumes that the cost of debt remains constant even…
Q: jerilu markets has a beta of 1.23 the risk free rate of return is 2.10 percent and the market rate…
A: Step 1 The investment return that an asset is anticipated to generate over and above the risk-free…
Q: Can you please answer these follow up questions from the above question: d) Suppose the Internal…
A: Internal rate of return is the rate of return at that, the present value of cash inflows that will…
Q: Consider the following information: State Probability Stock A Stock B Stock C Boom 0.65 0.24 0 -0.09…
A: Expected return refers to the method which is used for the measurement of the present value of…
Q: The primary securities markets are O a. the markets where financial assets such as stocks and bonds…
A: The primary security market refers to the market which creates new funds in the market for selling…
Q: Your client's federal marginal tax rate is 36%, and the state marginal rate is 7%. The client does…
A: The taxable equivalent yield is the yield that a taxable investment must offer to provide the same…
Q: Rent for U.S. commercial properties (office, industrial, and retail space) is typically quoted as:…
A: Commercial property leases in the United States are typically structured as "net leases," meaning…
Q: Assume that the consensus required rate of return on common stocks is 13 percent. In addition, you…
A: T-bills refers to treasury bills. It is a debt obligation of short term nature and it is backed by…
Q: A young executive is going to purchase a vacation property for investment purposes. She needs to…
A: Present value = pv =$84,000 Total Installments =28*12 = 336 months Interest rate = r = 5.7/12 =…
Q: a) Assuming Shing had no new interest, determine Shing's minimum payment due on April 1, his billing…
A: The minimum payment that Shing has to make is the 1% of the outstanding principal and interest on…
Q: Calculate the standard deviation of the following returns. Year Return 1 0.25…
A: Explanation : Standard deviation is measure the risk which is involved in earning of that particular…
Q: Use logarithms to solve the problem. How long will it take $11,000 to grow to $19,000 if the…
A: Compound = monthly = 12 Present value = pv = $11,000 Future value = fv = $19,000 Interest rate = r =…
Q: Baker Industries’ net income is $26000, its interest expense is $5000, and its tax rate is 45%. Its…
A: ROE (Return on Equity) and ROIC (Return on Invested Capital) are financial ratios used to evaluate…
Q: You are interested in investing some money in a bond issue and have several choices. The first is a…
A: There are three bonds given for the investment and each of the three bonds offers a different yield…
Q: DLR Rheosystems makes high performance rotational viscometers capable of steady shear and yield…
A: The amount that the company can spend is the sum of PV of future payments. The PV of each payment…
Q: Suppose that there are many stocks in the security market and that the characteristics of stocks A…
A: Step 1 The risk-free rate is typically thought of as being equal to the interest earned on a…
Q: 4. Feast Foods is interested in calculating its weighted average cost of capital. The company's CFO…
A: To calculate the WACC, we need to first determine the cost of debt, the cost of equity, and the…
Q: Assume Coleco pays an annual dividend of $1.75 and has a share price of $35.00. It announces that…
A: The current dividend yield is a financial metric that measures the current annual dividend payment…
Q: Considering the following bond: 5 year, semi-annual bond, 0.11 coupon, 0.055 YTM. Par is 1000. What…
A: A bond is a debt instrument that raises capital from investors. It is considered one of the most…
Q: X-treme Vitamin Company is considering two Investments, both of which cost $14,000. The cash flows…
A: Net Present Value is also known as NPV. It is a capital budgeting techniques which help in decision…
Q: Complete solution for letters ABC please
A: A list of projects with their IRR has been provided. The sources of capital are known with their…
Q: (a) Complete Table 2.6 and show that the total depletion allowance exceeds the original investment.…
A: It is given that investor has invested $1000,000 to drill and develop an oil well with reserve…
Q: Indicate whether the following statement is true or false. Provide the relevant explanations. The…
A: The cost of capital is the rate of return that investors require to invest in a company's…
Q: A $1,000 bond originally issued at par maturing in exactly ten years bears a coupon rate of 8%…
A: Yield To Maturity: It represents the expected rate of return on the bond for the bondholders…
Q: A project has an initial cost of $50,000, expected net cash inflows of $14,000 per year for 9 years,…
A: Profitability Index is a capital budgeting techniques. it shown the relationship between the PV of…
Q: Which of the following are nontax characteristics of a qualified terminable interest property (QTIP)…
A: A Qualified Terminable Interest Property (QTIP) trust is a type of trust that allows a decedent to…
Q: Budgeting for Resort Facilities Marriot St. Kitts - The Importance of Budgeting in Hospitality…
A: Budgeting is a critical aspect of hospitality management, particularly in the operation of resort…
Q: REQUIRED a. Is it an example of fraudulent financial reporting? b. What procedures could reduce the…
A: Fraudulent financial reporting, also known as financial statement fraud, is the intentional…
Q: An annuity has payments at the beginning of every three months starting today. The first payment is…
A: An annuity is a payment series that provides the holder with a periodic income in exchange for a…
Q: Indicate whether the following statement is true or false.Provide the relevant explanations. In…
A: The cost of capital is the rate of return that investors require to invest in a company's…
Q: Find the term of the following ordinary general annuity. State your answer in years and months (from…
A: Present value = pv = $11,000 Monthly payment = p = $220 Interest rate = 5.15% quarterly interest…
Q: The museum tickets are priced at $10 and $5. The number of $10-dollar tickets available is 28 that…
A: Let's start by assigning variables to the unknowns in the problem: Let x be…
Q: Calculate the missing information for the installment loan that is being paid off early. Number of…
A: Step 1 The rebate on finance charges is calculated using this fraction. The denominator is the total…
Q: Calculate the DTI ratio (in percent) for a borrower who has a gross monthly income of $4,875 and has…
A: DTI ratio stands for debt-to-income ratio and describes the amount owed from the income earned. It…
Q: Storico Co. just paid a dividend of $2.00 per share. The company will increase its dividend by 20…
A: The Dividend Discount Model (DDM) is a valuation method used to estimate the intrinsic value of a…
Q: Suppose you have a project that has a 0.5 chance of tripling your investment in a year and a 0.5…
A: The standard deviation of the rate of return is used in order to estimate the extent to which a…
Q: Consider a project with the following cash flows: Year Cash Flow 0 1 2 3 -284,500 157,000 168,700…
A: Profitability index is the ratio of present value of cash inflows to the present value of cash…
Q: A creditor must file a(n)________ Multiple Choice O O lawsuit against the debtor before a creditor…
A: Bankruptcy is a financial position wherein the debtor is unable to meet its debt obligation.…
Q: MPI Incorporated has $7 billion in assets, and its tax rate is 35%. Its basic earning power (BEP)…
A: The term "TIE ratio" typically refers to the "Times Interest Earned" ratio. This is a financial…
Q: The Horizon Company will Invest $84,000 in a temporary project that will generate the following cash…
A:
Q: Calculate the present worth for a CNC machining center that has an initial cost of $75,000, a life…
A: Explanation : Present worth of the machine is that which is depend upon the future cash outflow like…
|
(Feb 21—27) |
Projected |
Actual |
Difference |
|
Food Cost |
$6,971 |
$7,842 |
+$871 (over) |
|
Beverage Cost |
$3,954 |
$4, 156 |
+$202 (over) |
|
Labor Cost |
$8,423 |
$9,541 |
+$1,118 (over) |
|
Other Costs |
$7,645 |
$7,645 |
$0 (even) |
|
Total Costs |
$26,993 |
$29, 184 |
+$2191 (over) |
|
Food Sales |
$18,565 |
$14,326 |
-$4,239 (under) |
|
Beverage Sales |
$12,872 |
$10,852 |
-$2,020 (under) |
|
Total Sales (Revenue) |
$31,437 |
$25,178 |
-$6,259 (under) |
|
Total Profit |
$4,444 |
-$4,006 |
-$8,450 (unde |
What were the results of the restaurant's projected revenue, relative to its projected costs?
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Assume that projected revenue for 2018 is 1,058,949. Also assume the following projected 2018 costs in each of the cost categories from question one: Packaged (Cans & Bottles) $140,847 Kegs $65,238 Shrinkage/WIP Loss $42,000 Contract Labor $9,000 Direct Labor $240,000 Freight $18,000 Consumer Advertising $30,000 Trade Promotion $30,000 Sales Promotion $18,000 Salaries & Benefits $180,000 Given these costs, compute Shannon’s projected contribution in dollars.The information provided below was taken from the records of Chotoo Projects for the financialyear ended 31 May 2020.Extract of statement of comprehensive income for the year ended 31 May 2020RRevenue 480 000Direct costs 240 000Rent income 150 000Advertising 4 800Salaries and wages 90 000Rates and taxes 1 200Other operating expenses 80 000Additional information1. Revenue is calculated as direct cost plus 25%.2. Revenue is divided equally each month. Revenue is expected to increase by 18% for thefinancial year ending 31 May 2021.POSTGRADUATE DIPLOMA IN PROJECT MANAGEMENT – ACADEMIC AND ASSESSMENT CALENDARREGENT BUSINESS SCHOOL (RBS) January 2021 173. Fifty percent (50%) of the revenue is for cash and the balance is on credit. Debtorsnormally pay their accounts as follows:• 40% in the month of the invoice, and these debtors are entitled toa 5% discount;• 55% one month after the invoice;The balance is usually written off as bad debts.4. Purchases for June and July are expected to be 30…The following information is available for a company's cost of sales over the last five months. MonthUnits soldCost of salesJanuary560$28,600February740$34,000March1,300$46,000April2,560$58,000 Using the high-low method, the estimated total fixed cost is:
- Gates Manufacturing operations for 2021 are as follows: $Per unit: Sales price 100 Direct material cost 36 Direct wages 8 Variable production overhead 6Per month: Fixed production overhead 198 000 Fixed selling expenses 24 000 Fixed administration expenses 52 000Variable selling expenses is 10% of sales value.Normal capacity was 11 000 units per month. January February Units UnitsSales 20 000 24 000Production 24 000 20 000 Using the two methods:D. Reconcile the net profits for March and AprilGates Manufacturing operations for 2021 are as follows: $Per unit: Sales price 100 Direct material cost 36 Direct wages 8 Variable production overhead 6Per month: Fixed production overhead 198 000 Fixed selling expenses 24 000 Fixed administration expenses 52 000Variable selling expenses is 10% of sales value.Normal capacity was 11 000 units per month. January February Units UnitsSales 20 000 24 000Production 24 000 20 000 Using the two methods:C. Prepare the Marginal Income Statement and the Absorption Income Statement for March and AprilFinch Company began its operations on March 31 of the current year. Finch has the following projected costs: April May June Manufacturing costs* $160,000 $199,000 $206,600 Insurance expense** 1,050 1,050 1,050 Depreciation expense 2,160 2,160 2,160 Property tax expense*** 540 540 540 *Of the manufacturing costs, three-fourths are paid for in the month they are incurred; one-fourth is paid in the following month.**Insurance expense is $1,050 a month; however, the insurance is paid four times yearly in the first month of the quarter, (i.e., January, April, July, and October).***Property tax is paid once a year in November. The cash payments expected for Finch Company in the month of May are a.$189,250 b.$229,250 c.$40,000 d.$149,250
- For the last quarter of 2020, Carica’s cost records indicate the following: Materials Requisitions (MR) Utility Services (US) Machining Assembly Total Budgeted overhead costs before any inter- department cost allocations $200,000 $1,000,000 $5,456,000 $7,458,000 $14,114,000 Support work supplied by MR (Number of requisitions) 0 25% 40% 35% 100% Support work supplied by US (Power costs) 10% 0 30% 60% 100% Questions: 1. Allocate the two support departments’ costs to the two operating departments using the following methods: a.Direct method. b. Step-down method (allocate MR first). c. Step-down method (allocate US first) d. The Algebraic. Answer quicklyOperating Income of $220,000 in 2019, when production was 3,000 units Variable expenses per unit: Direct Material $58Direct Labour $74Variable Manufacturing Overhead $48Fixed expenses: Fixed Manufacturing Overhead $215,000Fixed Selling Costs $65,000Fixed Administrative Costs $160,000 Briefly explain the impact of each of the following scenarios on the break-even point and the margin ofsafety: Increase in sales volumeIncrease in total fixed costs Increase in selling price per unitDecrease in variable costs per unitCalculate the total Marginal Income and Net Profit/Loss if all the tables are sold. INFORMATIONSamcor Limited manufactures tables. The following information was extracted from the budget for the year ended 30 June 2022:1. Total production and sales 2 400 units2. Selling price per table R1 2003. Variable manufacturing costs per table:Direct material R288Direct labour R192Overheads R964. Fixed manufacturing overheads R216 9605. Other costs:Fixed marketing and administrative costs R144 000Sales commission 5%
- Josh Cablesource has sales for 2016 of $1,566,777. Information regarding resources for the year are as follows: Resources used Resources SuppliedAdministration $67,000.00 $90,000.00Depreciation $33,000.00 $37,000.00Energy $54,000.00 $125,000.00Training $20,000.00 $23,000.00Short term labor $89,000.00 $89,000.00Long term labor $433,000.00 $435,000.00Marketing $100,000.00 $112,000.00Prepare and activity based Income Statement like the one for exercise 10-53. Show me profit and profit percent.Assume that total sales revenue for 2018 is projected to be $1,153,549. Assume also the following costs for Shannon’s Brewery: Packaged (Cans & Bottles) $150,000 Kegs $80,000 Shrinkage/WIP Loss $42,000 Contract Labor $9,000 Direct Labor $240,000 Freight $18,000 Consumer Advertising $29,454 Trade Promotion $31,039 Sales Promotion $18,000 Salaries & Benefits $180,000 Compute Shannon’s %NMC. Round your answer to the nearest percent. For example, if your computed answer is 99.4% your answer rounds down to 99%. If your computed answer is 99.5% you should round up to 100%.A.Prepare Statement of Income and Expenses with a marginal contribution approach. Empresas La Torre presents the following information for the year ended December 31, 2020: Product Costs: Direct materials (Variables) $ 50.00 per unit Direct Labor (Variable) $ 20.00 per hour Variable Indirect Costs $ 10.00 per hour Total Fixed Indirect Costs $ 250,000 Period Expenses Seller Commissions $ 20.00 per unit Variable Administrative Expenses $ 30.00 per unit Total Fixed Administrative Expenses $ 150,000 The company sells solar batteries at $ 200.00 per unit. Making each battery takes 2 hours of direct labor. The company taxes its income at 40%. If the Company sells 10,000 units, prepare a statement of income and expenses using the marginal contribution approach.