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Q 1. Bring up the income statement for Barnaby’s Hideaway on your Excel spreadsheet

(provided). The following changes are anticipated in the coming year:

1. Both food and beverage sales are expected to increase by 5 percent.

2. Food and beverage cost percentages will remain the same.

3. Salaries and wages will increase by 4 percent.

4. The cost of employee benefits will increase, but will continue to be the same percentage of

salaries and wages.

5. Other controllable costs will increase by $6,500.

6. Occupancy costs will increase by $2,000.

7. Interest and depreciation will remain the same.

Prepare a budget for Barnaby’s Hideaway for the coming year, using Figure 2.3 in the text as a

model for your budget.

1 Answer

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  • Judy
    Lv 7
    4 weeks ago

    you sure do need help

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