Financial Aspects of Hospitality,Travel & TourismWilliam is deciding whether to open a restaurant in a hotel which is to start operations on 1 January 2007.The eating place can accommodate up to 100 seats.He plans to open for only breakfast and lunch

Financial Aspects of Hospitality,Travel & TourismWilliam is deciding whether to open a restaurant in a hotel which is to start operations on 1 January 2007.The eating place can accommodate up to 100 seats.He plans to open for only breakfast and lunch
Financial Aspects of Hospitality,Travel & Tourism
William is deciding whether to open a restaurant in a hotel which is to start operations on 1 January 2007.The eating place can accommodate up to 100 seats.He plans to open for only breakfast and lunch from Monday to Saturday.In the contract,the operator of the new restaurant will need to serve breakfast for all days (that is,Monday to Sunday).The seat turnover and average food check figures are estimated as follows:
Turnover (times) Average Rate
Breakfast (Mon.to Sat.) 2.50 $3.80
Lunch (Mon.to Sat.) 2.25 $6.25
Breakfast (Sun.) 2.75 $7.50
Beverage revenue is estimated to be around 15 percent of breakfast food revenue and 30 percent of lunch food revenue.
Besides the restaurant,William is also to run a banquet room next to the restaurant.The food revenue to be earned from the banquet room is estimated to be around $8,000 per month.The beverage revenue of the banquet room is forecasted to be 35% of the total banquet food revenue.Cost of sales for food is 40% of the total food revenue and the cost of sales for beverage is estimated to be 30% of the total beverage revenue.
Other relevant information:
- Salaries is estimated at $200,000 per year
- Wages for all other employees are forecast to be 15 per cent of
total restaurant revenue
- Employee benefits will be 10% of total salaries and wages
- Other operating expenses is estimated at 12% of total annual sales revenue
- Fixed charges per annum is around $70,000
Required:
Prepare a budgeted income statement for the food department and the beverage department for the year ending 31 December 2007.

Financial Aspects of Hospitality,Travel & TourismWilliam is deciding whether to open a restaurant in a hotel which is to start operations on 1 January 2007.The eating place can accommodate up to 100 seats.He plans to open for only breakfast and lunch
威廉正考虑着是否在2007年1月1日开一家餐馆.该地方可容纳100个座位.他原计划只在周一至周六内供应早餐及午餐.但在合同中,要求餐厅每天都须供应早餐.所在地的平均营业额和食物消费的数据估算如下：
营业额（次）平均利率
早餐（星期一至星期六.） 2.50 3.80美元
午餐（星期一至星期六.） 2.25 6.25美元
早餐（周日） 2.75 7.50美元
饮料销售收入约为早餐食品收入的15%和午餐食品收入的30%.
除了餐厅,威廉还打算在餐厅旁边设立一个宴会厅.每月从此处赚取的食品总收入将在8000美元左右.
其中,饮料销售收入预期将占到食品收入的35%.
食品销售成本是食品总收入的40%,饮料销售成本约为饮料总收入的30 ％.
其它相关资料：
-年薪水约为20万美元,
-其他所有雇员的工资预计为餐厅总收入的15%
-雇员福利将占到总工资的10%
-其他业务费用估计为年度总销售收入的12% ,
-固定费用每年约7 0,000美元
要求：
请为食品部和饮料部编写一份截至07年12月31日的年度亏损预算表.