The dining room at the Redrock Inn is extremely popular. Terry Ray, the food and beverage...
| The dining room at the Redrock Inn is extremely popular. Terry Ray, the food and beverage director, is pleased to see that his revenue is higher than last year. Of course, expenses are higher also. Express Terry’s expenses and profit as a percentage of total revenue, both this year and last year (fill in all empty blanks). | ||||
| Round answers to two decimal places if a dollar amount and 1 decimal position if a percentage. | ||||
| This Year | % | Last Year | % | |
| Revenue | $ 999,971.00 | $ 929,421.00 | ||
| F&B Expense | 375,769.00 | 370,668.00 | ||
| Labor Expense | 368,190.00 | 355,651.00 | ||
| Other Expense | 142,996.00 | 144,068.00 | ||
| Total Expenses | ||||
| Profit | ||||
| 1. How is Terry doing in managing his expenses when comparing this year to last year? | ||||
| 2. How do changes in revenue affect his performance? | ||||
Homework Answers
Solution:
1. Terry is able to manage expense effieciently as compare to the last year because total expense as a percentage of sales revenue is lesser than the last year. And by his efforts total expenses decrease by 5% of sales.
2. Changes in revenue of the current year results the higher profit as compare to last year. And it was beneficial to the Redrock Inn.
Add Answer to:
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