Victor’s is open from 11:30am until 9:00pm 5 days per week, which works out to 250 days per year considering holiday closures. Victor recently invested in Toast, a mobile POS system for taking orders and issuing checks. The new system, which cost $35,000, provides key information on sales and costs, while also facilitating the job of employees who take orders and issue the checks. Using this new system, Victor obtained the following information on his results for 2019:
STATEMENT SHOWING ALL CHANGES
particulars | amount($) | ||
revenue: | |||
sales from food | $ 4,51,758 | number of customers | 18,360 |
sales from drinks | $ 2,52,000 | average bill for food | $ 25 |
total revenue | $ 7,03,758 | average bill for drinks | $ 14 |
average CM for food | $ 13 | ||
costs: | average CM for drink | $ 9 | |
direct cost of food | $ 2,04,000 | ||
direct cost of drinks | $ 80,000 | ||
wages for workers | $ 1,61,000 | ||
salary of managers | $ 63,000 | ||
other operating expenses | $ 80,000 | ||
total operating expenses | $304000 |
Sales from food = $430000 x 1.02 x 1.03
sales from drinks = $240000 x 1.05
FOR EARLY BIRD CUSTOMERS
particulars | amount($) | ||
revenue: | |||
sales from food | 55183 | number of customers | 3,300 |
sales from drinks | 33000 | average bill for food | 17 |
total revenue | 88183 | average bill for drinks | 10 |
average CM for food | 6 | ||
costs: | average CM for drink | 6 | |
direct cost of food | 36667 | ||
direct cost of drinks | 14667 | ||
wages for workers | 25667 | ||
salary of managers | 11000 |
Calculation of CM without early bird discount
particulars |
amount($) |
revenue: |
|
sales from food |
26278 |
sales from drinks |
14667 |
total revenue |
40944 |
costs: |
|
direct cost of food |
12222 |
direct cost of drinks |
4889 |
total |
17111 |
contribution |
23833 |
Victor’s is open from 11:30am until 9:00pm 5 days per week, which works out to 250...
Victor’s is open from 11:30am until 9:00pm 5 days per week, which works out to 250 days per year considering holiday closures. Victor recently invested in Toast, a mobile POS system for taking orders and issuing checks. The new system, which cost $35,000, provides key information on sales and costs, while also facilitating the job of employees who take orders and issue the checks. Using this new system, Victor obtained the following information on his results for 2019: Sales from...
Victor’s is open from 11:30am until 9:00pm 5 days per week, which works out to 250 days per year considering holiday closures. Victor recently invested in Toast, a mobile POS system for taking orders and issuing checks. The new system, which cost $35,000, provides key information on sales and costs, while also facilitating the job of employees who take orders and issue the checks. Using this new system, Victor obtained the following information on his results for 2019: Sales from...
Victor’s is open from 11:30am until 9:00pm 5 days per week, which works out to 250 days per year considering holiday closures. Victor recently invested in Toast, a mobile POS system for taking orders and issuing checks. The new system, which cost $35,000, provides key information on sales and costs, while also facilitating the job of employees who take orders and issue the checks. Using this new system, Victor obtained the following information on his results for 2019: Sales from...
Tim is open from 11:30am until 9:00pm 5 days per week, which works out to 250 days per year considering holiday closures. Tim recently invested in Toast, a mobile POS system for taking orders and issuing checks. The new system, which cost $35,000, provides key information on sales and costs, while also facilitating the job of employees who take orders and issue the checks. Using this new system, Tim obtained the following information on his results for 2019: Sales from...
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