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What is the initial budgeted Profit (before Tax) Being planned for the current year ,...

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Accounting

What is the initial budgeted Profit (before Tax) Being planned for the current year , given the following information?

  • Revenue (Food) $975,000
  • Revenue (Beverage) $135,000
  • Food cost = 31% of food revenue
  • Beverage cost = 22% of beverage revenue
  • Labor cost (payroll) = 34% of total revenue
  • Employee benefits = 18% of labor cost (payroll)
  • Other operating expenses = 14% of total revenue
  • All fixed cost = 8% of total revenue

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