https://file.aiquickdraw.com/mathbot/file/1727308166945fm5lkyno.jpg

Let's break down the information provided in the image and solve the problem step by step.

### Breakdown of the financial information:

#### **Sales:**
- **Food Sales:** 693,000 (82.3% of total sales)
- **Beverage Sales:** 148,400 (17.6% of total sales)
- **Total Sales:** 841,400 (100%)

#### **Cost of Sales:**
- **Food Cost:** 252,000 (36.4% of sales)
- **Beverage Cost:** 35,000 (23.6% of beverage sales)
- **Total Cost of Sales:** 287,000 (34.1% of total sales)

#### **Gross Profit:**
- **Gross Profit:** 554,400 (65.9% of total sales)

#### **Controllable Expenses:**
- **Salaries and Wages:** 110,880 (13.2% of total sales)
- **Employee Benefits:** 173,250 (20.6% of total sales)
- **Other Controllable Expenses:** 94,000 (11.2% of total sales)
- **Total Controllable Expenses:** 378,130 (44.9% of total sales)

#### **Income Before Fixed Expenses:**
- **Income Before Fixed Expenses:** 182,705 (21.7% of total sales)

#### **Fixed Expenses:**
- **Occupancy Cost:** 69,000 (8.2% of total sales)
- **Fixed Salaries and Wages:** 77,300 (9.2% of total sales)
- **Interest Expenses:** 10,000 (1.2% of total sales)
- **Depreciation:** 28,500 (3.4% of total sales)
- **Total Fixed Expenses:** 184,800 (21.9% of total sales)

#### **Restaurant Profit/Loss:**
- **Restaurant Profit/Loss:** -2,095 (-0.3% of total sales)

---

### **Solving Explanation:**

1. **Gross Profit Calculation:**
   \[
   \text{Gross Profit} = \text{Total Sales} - \text{Total Cost of Sales}
   \]
   \[
   = 841,400 - 287,000 = 554,400
   \]
   This is confirmed in the image.

2. **Controllable Expenses Total:**
   Summing the controllable expenses:
   \[
   \text{Total Controllable Expenses} = 110,880 + 173,250 + 94,000 = 378,130
   \]
   This matches with the provided value.

3. **Income Before Fixed Expenses:**
   \[
   \text{Income Before Fixed Expenses} = \text{Gross Profit} - \text{Total Controllable Expenses}
   \]
   \[
   = 554,400 - 378,130 = 182,705
   \]
   This is also confirmed.

4. **Total Fixed Expenses:**
   Summing the fixed expenses:
   \[
   \text{Total Fixed Expenses} = 69,000 + 77,300 + 10,000 + 28,500 = 184,800
   \]
   This matches the total in the image.

5. **Restaurant Profit/Loss:**
   \[
   \text{Restaurant Profit/Loss} = \text{Income Before Fixed Expenses} - \text{Total Fixed Expenses}
   \]
   \[
   = 182,705 - 184,800 = -2,095
   \]
   This results in a loss of 2,095, as shown in the image.

---

Would you like more detailed steps, or do you have any questions?

### Relative Questions:
1. How would changing the food or beverage costs affect the gross profit?
2. What strategies could reduce controllable expenses to improve net profit?
3. How does depreciation impact the restaurant's financial performance?
4. What would happen to profitability if employee benefits were reduced by 5%?
5. How could reducing occupancy cost help the overall profit margin?

### Tip:
When analyzing financial data, always compare percentage values against industry benchmarks to see where improvements can be made effectively.

Can you break down the financial report and analyze the profit/loss for the restaurant?

This detailed breakdown of a restaurant's financial report provides an analysis of profit and loss, including gross profit calculation, controllable and fixed expenses. Key formulas and steps are provided to better understand how financial health is assessed.

Math Problem Statement

Solution

Ask a new question for Free

By Image

Math Problem Analysis

Mathematical Concepts

Formulas

Theorems

Suitable Grade Level

Related Recommendation