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    Assignment 3.2 LOne Pine Cafe (B) Rajesh Ranjan

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    amitkrhpcic
    The Lone Pine Cafe incurred a net loss of $10,854 over its first five months of operation from November 2009 to March 2010. Total revenue was $23,150 but total expenses were higher at $55,204, which included salaries to partners, employee wages, supplies, rent, utilities and other operating costs. Given the loss, continuing operating the cafe is not advisable.

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    Assignment 3.2 LOne Pine Cafe (B) Rajesh Ranjan

    Uploaded by

    amitkrhpcic
    693 views2 pages
    The Lone Pine Cafe incurred a net loss of $10,854 over its first five months of operation from November 2009 to March 2010. Total revenue was $23,150 but total expenses were higher at $55,204, which included salaries to partners, employee wages, supplies, rent, utilities and other operating costs. Given the loss, continuing operating the cafe is not advisable.

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    The Lone Pine Cafe incurred a net loss of $10,854 over its first five months of operation from November 2009 to March 2010. Total revenue was $23,150 but total expenses were higher at $55,204, which included salaries to partners, employee wages, supplies, rent, utilities and other operating costs. Given the loss, continuing operating the cafe is not advisable.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    693 views2 pages

    Assignment 3.2 LOne Pine Cafe (B) Rajesh Ranjan

    Uploaded by

    amitkrhpcic
    The Lone Pine Cafe incurred a net loss of $10,854 over its first five months of operation from November 2009 to March 2010. Total revenue was $23,150 but total expenses were higher at $55,204, which included salaries to partners, employee wages, supplies, rent, utilities and other operating costs. Given the loss, continuing operating the cafe is not advisable.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
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    Assignment 3.

    2 (LONE PINE CAFE (B)) (All figures are in $)


    Income statement for 2 November 2009 to 30 march 2010
    Sales revenue

    Total Revenue (A)


    Less:-Expenses Salaries to partners
    Part time employee wages
    Food and beverage supplier
    Beginning inventory
    2800
    Cash purchase
    10,016
    Credit purchase
    1,538
    Ending inventory
    -24,30

    23150
    5480

    Telephone and Electricity


    Rent expense
    Depreciation
    Operating license
    Interest
    Miscellaneous

    11,969
    3,270
    7,500
    2,445
    595
    540
    255

    Total Expenses (B)

    55204

    Net Income
    Note:-

    43480
    870
    44350

    (A-B)

    -10854

    Income statement tells that partnership suffered 10854 for the first five month of o
    10854 is loss after taking salary 23150 by all partners.
    Further it is not advisable to continue the caf operation any more.

    are in $)
    rch 2010

    for the first five month of operation,

    n any more.

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