PRO sim financial statement module case briefing picture:..
PRO sim financial statement module case briefing picture:… PRO sim financial statement module case briefing picture:Image transcription textCase Briefing Financial Statements Financial Statements Overview In this Case Simulation’s Learning Phase,you will read an income statement to find revenue, profit, and gross margin. You will then compare grossmargin to industry benchmarks to identify a problem. Next, you will read a balance sheet and com… Show more… Show more Instructions: See the financial statement case briefing on pro sim.Review, research and answer the following questions: If your P&L statement indicates an erosion of profits, it may be necessary to cut back by controlling your costs. Advertising is one of the first expenses that an operator looks to cut. What are the pros and cons of this cut?What are some issues that the balance sheet can reveal about a restaurant? The income statement?Are there cases where going above an industry benchmark percent for an expense is ok? When?Why is inventory turnover rate such an important component in the financial health of a restaurant?What are some causes for gross margin to be too low in a restaurant? ***(Minimum 200 , Maximum 500 ) per answer per questions. Accounting Business Financial Accounting HOTEL MANG HTM220
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