80.2K

Verified Solution

Link Copied!

Guest Hotel Inc. Food Services Income Statement For Period Ending November 30, 2023 Sales Food Beverage Total Sales Cost of Sales Food Beverage Salaries & Wages Total cost of goods sold Gross Profit Operating Expenses Occupancy Office & General Utilities Transportation Kitchen supplies Professional fees Advertising Employee Insurance Vehicle Total Operating Expenses Net Profit/ Loss 192,107 89,040 75,828 25,832 95,967 27,230 11,476 10,445 5,753 8,114 7,182 8,277 13,221 5,832

\begin{tabular}{|l|c|} \hline \multicolumn{2}{|c|}{ Guest Hotel Inc. Food Services } \\ \hline \multicolumn{2}{|c|}{ Income Statement } \\ \hline Sales \\ \hline Food & 192,107 \\ \hline Beverage & 89,040 \\ \hline Total Sales & - \\ \hline & \\ \hline Cost of Sales & \\ \hline Food & 75,828 \\ \hline Beverage & 25,832 \\ \hline Salaries \& Wages & 95,967 \\ \hline Total cost of goods sold & - \\ \hline Gross Profit & - \\ \hline Operating Expenses & \\ \hline Occupancy & 27,230 \\ \hline Office \& General & 11,476 \\ \hline Utilities & 10,445 \\ \hline Transportation & 5,753 \\ \hline Kitchen supplies & 8,114 \\ \hline Professional fees & 7,182 \\ \hline Advertising & 8,277 \\ \hline Employee Insurance & 13,221 \\ \hline Vehicle & 5,832 \\ \hline Total Operating Expenses & - \\ \hline Net Profit / Loss & - \\ \hline \end{tabular}

Answer & Explanation Solved by verified expert

See Answer