Was Anna effective in controlling her expenses?the attached images are the problem and the answer. 田Total revenue1,448,956.00463,666.00100%100%1,094,276.00382,996.60437,710.40F&b expenseLabor expenseOther expenseTotal expenses32%35%652,030.0045%40%217,343.401,333,039.40115,916.6015%186,027.001,006,734.0087,542.0017%92%92%Profit8%8%Net profit percentage is still 8% in this year which is less than her profit goal of 10%hence, we can say that Anna is not able to meet her profit goal Problem:Anna is the food and beverage director for a mid-size hotel in a beachdestination area. The general manager of the hotel has given Anna atarget of 10% profit for this year. Anna's staff is predominantlycomposed of his beach buddies. Although she is good at controlling mostof her costs, she had a hard time telling her friends to go home whenbusiness slows down, and he needs to reduce her staff. If she doesn'tmake her profit goal, her general manager will likely reprimand her, andshe could possible lose her job. Express Anna's expenses and profit as apercentage of total revenue, both this year and last year, to determine ifshe met her profit goal (fill in the blanks).

Cost Control: Business expenses are identified and reduced through the practice of cost control and…

Total revenue 1,448,956.00 463,666.00 652,030.00 100% 1,094,276.00 382,996.60 437,710.40 100% F&b expense Labor expense Other expense Total expenses 32% 35% 45% 40% 217,343.40 15% 17% 186,027.00 1,006,734.00 87,542.00 92% 92% 1,333,039.40 115,916.60 Profit 8% 8% Net profit percentage is still 8% in this year which is less than her profit goal of 10% hence, we can say that Anna is not able to meet her profit goal

Total revenue 1,448,956.00 463,666.00 652,030.00 100% 1,094,276.00 382,996.60 437,710.40 100% F&b expense Labor expense Other expense Total expenses 32% 35% 45% 40% 217,343.40 15% 17% 186,027.00 1,006,734.00 87,542.00 92% 92% 1,333,039.40 115,916.60 Profit 8% 8% Net profit percentage is still 8% in this year which is less than her profit goal of 10% hence, we can say that Anna is not able to meet her profit goal

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter10: Short-term Decision Making

Section: Chapter Questions

Problem 1PA: Artisan Metalworks has a bottleneck in their production that occurs within the engraving department....

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