3 - Financial Management 1_Assessment 1 - Part B.xlsx - Current Year Actual Sales No of units Price/unit Year Meals 54,600.00 $10.50 $573,300.00 Drinks

3 - Financial Management 1_Assessment 1 - Part B.xlsx -...

This preview shows page 1 - 7 out of 7 pages.

Current Year Actual Sales No. of units Price/unit Year Meals 54,600.00 $10.50 $573,300.00 Drinks 20,000.00 $2.50 $50,000.00 TOTAL $623,300.00 Current Year Actual Costs (CGOS No. of units Price/unit Year Meals 54,600.00 $4.60 $251,160.00 Drinks 20,000.00 $0.80 $16,000.00 TOTAL $267,160.00
Image of page 1

Subscribe to view the full document.

Quarter Month $143,325.00 $47,775.00 $12,500.00 $4,166.67 $155,825.00 $51,941.67 Quarter Month $62,790.00 $20,930.00 $4,000.00 $1,333.33 $66,790.00 $22,263.33
Image of page 2
Budget Forec Actual Sales No. of units Price/unit Meals 60,060.00 $13.00 Drinks 30,000.00 $1.50 TOTAL Budget Forec Actual Costs (CGOS) No. of units Price/unit Meals 60,060.00 $4.60 Drinks 30,000.00 $0.50 TOTAL - Yearly Quarterly Sales $825,780.00 $206,445.00 COGS $291,276.00 $72,819.00 Gross Profit $534,504.00 $133,626.00 Expenses Rent $24,000.00 $6,000.00 Utilities $10,000.00 $2,500.00 Wages $60,000.00 $15,000.00 Miscellaneous $6,000.00 $1,500.00 Net Profit $434,504.00 $108,626.00
Image of page 3

Subscribe to view the full document.

cast next year Year Quarter Month $780,780.00 $195,195.00 $65,065.00 $45,000.00 $11,250.00 $3,750.00 $825,780.00 $206,445.00 $68,815.00 cast next year Year Quarter Month $276,276.00 $69,069.00 $23,023.00 $15,000.00 $3,750.00 $1,250.00 $291,276.00 $72,819.00 $24,273.00 Monthly $68,815.00 $24,273.00 $44,542.00 $2,000.00 $833.33 $5,000.00 $500.00 $36,208.67
Image of page 4
Adjust Budget Forecast Sales No. of units Price/unit Year Meals 72072 $13.00 $936,936.00 Drinks 60000 $1.50 $90,000.00 Total $1,026,936.00 Adjust Budget Forecast Costs (CGOS) No. of units Price/unit Year Meals 72072 $4.60 $331,531.20 Drinks 60000 $0.50 $30,000.00 Total $361,531.20 - Yearly
Image of page 5

Subscribe to view the full document.

Image of page 6
Image of page 7

Unformatted text preview: Quarterly Monthly Sales $1,026,936.00 $256,734.00 $85,578.00 COGS $361,531.20 $90,382.80 $30,127.60 Gross Profit $665,404.80 $166,351.20 $55,450.40 Expenses Rent $26,000.00 $6,500.00 $2,166.67 Utilities $12,000.00 $3,000.00 $1,000.00 Wages $80,000.00 $20,000.00 $6,666.67 Miscellaneous $26,000.00 $6,500.00 $2,166.67 Net Profit $521,404.80 $130,351.20 $43,450.40-Q2 Q3 Variance Sales $256,734.00 $206,445.00 $50,289.00 COGS $90,382.80 $72,819.00 $17,563.80 Gross Profit $166,351.20 $133,626.00 $32,725.20 Expenses Rent $6,500.00 $6,000.00 $500.00 Utilities $3,000.00 $2,500.00 $500.00 Wages $20,000.00 $15,000.00 $5,000.00 Miscellaneous $6,500.00 $1,500.00 $5,000.00 Net Profit $130,351.20 $108,626.00 $21,725.20 Quarter Month $234,234.00 $78,078.00 $22,500.00 $7,500.00 $256,734.00 $85,578.00 Quarter Month $82,882.80 $27,627.60 $7,500.00 $2,500.00 $90,382.80 $30,127.60-1st Quarter 2st Quarter 3st Quarter Sales $256,734.00 $256,734.00 $256,734.00 COGS $90,382.80 $90,382.80 $90,382.80 Gross Profit $166,351.20 $166,351.20 $166,351.20 Expenses Rent $6,500.00 $6,500.00 $6,500.00 Utilities $3,000.00 $3,000.00 $3,000.00 Wages $20,000.00 $20,000.00 $20,000.00 Miscellaneous $6,500.00 $6,500.00 $6,500.00 Net Profit $130,351.20 $130,351.20 $130,351.20...
View Full Document

  • Two '17

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Ask Expert Tutors You can ask You can ask ( soon) You can ask (will expire )
Answers in as fast as 15 minutes