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    Task 2

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    mrjojo111kazzie
    The document shows the income, costs of sales, gross profit, operating expenses, and net profit/loss for a business over 3 months. Food and beverage sales increased from months 1 and 2 to month 3, leading to higher total income and gross profit. While operating expenses also increased in month 3, the business still achieved a higher net profit of $29,300 compared to $22,300 in the earlier months.

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    Task 2

    Uploaded by

    mrjojo111kazzie
    9 views1 page
    The document shows the income, costs of sales, gross profit, operating expenses, and net profit/loss for a business over 3 months. Food and beverage sales increased from months 1 and 2 to month 3, leading to higher total income and gross profit. While operating expenses also increased in month 3, the business still achieved a higher net profit of $29,300 compared to $22,300 in the earlier months.

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    The document shows the income, costs of sales, gross profit, operating expenses, and net profit/loss for a business over 3 months. Food and beverage sales increased from months 1 and 2 to month 3, leading to higher total income and gross profit. While operating expenses also increased in month 3, the business still achieved a higher net profit of $29,300 compared to $22,300 in the earlier months.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    9 views1 page

    Task 2

    Uploaded by

    mrjojo111kazzie
    The document shows the income, costs of sales, gross profit, operating expenses, and net profit/loss for a business over 3 months. Food and beverage sales increased from months 1 and 2 to month 3, leading to higher total income and gross profit. While operating expenses also increased in month 3, the business still achieved a higher net profit of $29,300 compared to $22,300 in the earlier months.

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    © All Rights Reserved
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    of 1

    Income

    Account Month 1 Month 2 Month 3


    Food Sales 36,000 36,000 52,000
    Beverage Sales 24,000 24,000 40,000
    Catering Fees 10,000 10,000 5,000
    Total Income 70,000 70,000 97,000

    Cost of Sales
    Food Purchase 15,000 15,000 24,000
    Beverage Purchase 5,000 5,000 12,000
    Total Cost of Sales 20,000 20,000 36,000

    Gross Profit 50,000 50,000 61,000

    Operating Expenses
    Wages 17,000 17,000 21,000
    Insurance 600 600 600
    Utilities 2,000 2,000 2,000
    Rent 5,000 5,000 5,000
    Marketing 2,000 2,000 2,000
    Phone 100 100 100
    Live Music 500 500 500
    Repair & Maintenance 500 500 500
    Total Operating Expenses 27,700 27,700 31,700
    Net Profit/Loss 22,300 22,300 29,300

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