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    zimbabwe's Avatar
    zimbabwe Posts: 1, Reputation: 1
    New Member
     
    #1

    Mar 9, 2009, 05:50 AM
    common size percentages
    revenue 122000
    allowances 2000
    cost of food 30000
    food transfer to beverages 4200
    cost of employee meals 5800
    beverage transfers to food 10000
    salaries 13000
    employee benefits 7300
    china,glassware 3950
    contract services 550
    laundry and dry cleaning 4000
    licenses 300
    miscalleneous 1350
    music 1800
    operating supplies 2500
    telecoms 3050
    training 7150
    uniforms 1100
    other expenses 100
    meeting room rentals 3500
    miscalleneous banquiting income 3700
    service charges 600

    a)prepare income statement of a food department at z hotel
    b)work out the common size percentage for all items in the income statement except for transfers to beverages,cost of empoyee meals,and beverage transfers to food.
    codyman144's Avatar
    codyman144 Posts: 544, Reputation: 31
    Senior Member
     
    #2

    Mar 9, 2009, 06:18 AM

    For common size income statement you divide all the items on the statement by the top line number... revenues.

    Please see the expectations for homework help at the top of the page.

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