Chapter 1 Homework - Chapter 1 Question 1 Last month...

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Chapter 1Q 1Chapter 1, Question 1Lani's Pizza ParlorRevenue\$ 75,000 Expenses\$ 63,000 Profit\$ 12,000 Last month, Lani’s Pizza Parlor generated \$75,000 in revenues. Her total expenses last month were \$63,000. Create the formula Lani needs to calculate the amount of profit she made last month.How much profit did she make?
Chapter 1Q 2Chapter 1, Question 2WeekRevenueExpenseProfit / Loss1\$ 894.50 \$ 761.80 \$ 132.70 21,147.60 522.46 \$ 625.14 31,261.80 879.14 \$ 382.66 41,345.11 1,486.20 \$ (141.09)Month\$ 4,649.01 \$ 3,649.60 \$ 999.41 To Receive \$1,200.00 Profit for the MonthMonth\$ 4,649.01 \$ 3,449.01 \$ 1,200.00 At the conclusion of her first month of operating Val’s Donut Shop, Valcomputed the following revenue and expense figures:Prepare both weekly and monthly profit formulas so that Val has a good idea about her current profit situation.Given her sales for the month, tell her how much her ideal expense should have been to realize her desired profit of \$1,200.
Chapter 1Q 3Chapter 1, Question 3%Revenue\$ 100,000.00 100.0%F&B Expense34,000.00 34.0%Labor Expense40,000.00 40.0%Other Expense21,000.00 21.0%Total Expenses\$ 95,000.00 95.0%Profit\$ 5,000.00 5.0%%Revenue\$ 100,000.00 F&B Expense34,000.00 Labor Expense40,000.00 Other Expense21,000.00 Total Expenses95,000.00 Profit\$ 5,000.00 Su Chan manages a popular restaurant called the Bungalow. Her P&L for the month of March is as follows. Su has a meeting with the owner of the Bungalow next week, so she decided to create a pie chart showing the percentage of her costs in relation to her total sales (see the following diagram).At the meeting with the owner, Su is asked to change the information on the pie chart to reflect the next month’s projections. The owner suggests that April revenue and costs should be as follows:Using these numbers, is the owner’s profit percentage going to be higher or lower than that in March? By how much?Insert Pie Chart Here
Chapter 1Q 3Other ExpenseTotal ExpensesProfitUsing these numbers, is the owner’s profit percentage going to be higher or lower than that in March? By how much? Answer: