The following information is from Dessert Dynasty. The company runs three stores and the December Income Statement for all stores is shown. DESSERT DYNASTY Income Statement Month ending December 31, 2018 Store X Store Y Store Z Retail revenue $17,976 ? $37,380 Event revenue 11,760 4,620 2,520 Total revenue $29,736 $30,879 $39,900 Ingredients 3,528 3,276 ? Wages 15,792 18,438 23,646 Baking supplies 1,848 2,352 1,092 Fuel 832 1,302 1,260 Utilities 693 756 1,260 Total expenses $22,693 $26,124 $33,222 Operating income ? $4,746 $6,678 Required: a) Find the missing values for retail revenue, ingredients, and operating income. b) Comment on the financial performance of each store. c) Identify a limitation of analyzing the information provided. You may want to consider using Microsoft Excel or another spreadsheet application for the numerical data. This information will be used in a subsequent question. Work and Solution: Store Y retail revenue: ___________ Store Z ingredients; _____________ Store X operating income: __________

The following information is from Dessert Dynasty. The company runs three stores and the December Income Statement for all stores is shown. DESSERT DYNASTY Income Statement Month ending December 31, 2018 Store X Store Y Store Z Retail revenue $17,976 ? $37,380 Event revenue 11,760 4,620 2,520 Total revenue $29,736 $30,879 $39,900 Ingredients 3,528 3,276 ? Wages 15,792 18,438 23,646 Baking supplies 1,848 2,352 1,092 Fuel 832 1,302 1,260 Utilities 693 756 1,260 Total expenses $22,693 $26,124 $33,222 Operating income ? $4,746 $6,678 Required: a) Find the missing values for retail revenue, ingredients, and operating income. b) Comment on the financial performance of each store. c) Identify a limitation of analyzing the information provided. You may want to consider using Microsoft Excel or another spreadsheet application for the numerical data. This information will be used in a subsequent question. Work and Solution: Store Y retail revenue: _____ Store Z ingredients; _ Store X operating income: ____

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 9PB: Amusement tickets estimated sales are: What are the balances in accounts receivable for April, May,...

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The following information is from XYZ Triple Stores. The company runs three stores and the December Income Statement for all stores is shown. store x store y store z Retail revenue $17,976 ? $37,380 events revenue 11,760 4,620 2,520 total revenue $29,736 $30,870 $39,900 Ingredients 3,528 3,276 ? Wages 15,792 18,438 $23,646 Baking Supplies 1,848 2,352 1,092 Fuel 832 1,302 1,260 Utilities 693 756 1,260 Total Expenses $22,693 $26,124 $33,222 Operating Income ? $4,746 $6,678
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Presented below is information for Chivu Company for the month of March 2020: Cost of goods sold s50,000 Salaries and wages Expense S8,000 Sales Revenue Freight-out 7.000 as0,000 Sales Returns and Allowances interest Expense 4,000 3,000 Required: Prepare a multiple-step income statement for the month of March by completing the following Salaries and wages Expense Operating Expense Total Operating Expense
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Presented below is information for Chivu Company for the month of March 2020 Cost of goods sold S50,000 Salaries and wages Expense s8,000 Freight-out 7,000 Sales Revenue is0,000 Interest Expense Sales Returns and Allowances 4,000 3,000 Required: Prepare a multiple-step income statement for the month of March by completing the following Salaries and wages Expense Operating Expense Total Operating Expense

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	Store X	Store Y	Store Z
Retail revenue	$17,976	?	$37,380
Event revenue	11,760	4,620	2,520
Total revenue	$29,736	$30,879	$39,900

Ingredients	3,528	3,276	?
Wages	15,792	18,438	23,646
Baking supplies	1,848	2,352	1,092
Fuel	832	1,302	1,260
Utilities	693	756	1,260
Total expenses	$22,693	$26,124	$33,222
Operating income	?	$4,746	$6,678