For Prof. Xavier

(1)

REVENUES

Food Revenue

Beverage Revenue

Total Revenues

COST OF SALES

Food

Beverages

Total Cost of Sales

Gross Profit

OPERATING EXPENSES

Salaries and Wages

Benefit Allocation

Marketing

Utilities

Administrative Expense

Maintenance and Repair

Taxes/lnsurance

Depreciation

Total Operating Expense

Operating lncome

I nterest

lncome before lncome Taxes

lncome Taxes

NET INCOME

' January

.(2) Actual

A Close Look at Financial Analysis

(5)

o/o

68.5o/o

31 .5

1OO.Oo/o

33.80/o

25.0

31.0o/o

69.0

Exhibit 10.7

INCOME STATEMENT AND BUDGET FORECAST COMPARISON

s 88,000 38,000

s126,000

5 30,850 1 1,000

s 41,850

s 84,150

5 39,180

9,200

4,670

2,900

4,150

2,710

2,810

6,210

s 71,830

5 12,320

$ 2,600

9,720

4,210

S 5,st o

(3)

o/o

69.80/o

30.2

1OO.Oo/o

35.10/o

28.9

33.2o/o

66.8o/o

' 14) Budget,

5 98,000 45,000

s143,000

5 33,124

11,250

5 q+,zlq

5 98,626

5 41,613 10,439

' 5,720

3,289

3,289

2,960

2,810

6,210

5 76,230

s 22,396

$ z,ooo 19,796

8,100

t_r49q

31.10/o

7.3

3.7

2.3

3.3

2.2

2.2

4.9

57.Oo/o

9.8o/o

2,10/o

7.7

3.3

4.4o/o

29.1o/o

7.3

4.0

2.3

2,3

2.0

2.0

4.3

53.3o/o

15.7o/o

1.8o/o

13.9

5.7

8.2o/o

291