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PERTEMUAN 11 Chapter 11 BUDGETING and INTERNAL CONTROLS

PERTEMUAN 11 Chapter 11 BUDGETING and INTERNAL CONTROLS. Matakuliah : V0282 - Manajemen Akuntansi Hotel Tahun : 2009 - 2010.

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PERTEMUAN 11 Chapter 11 BUDGETING and INTERNAL CONTROLS

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  1. PERTEMUAN 11Chapter 11BUDGETING and INTERNAL CONTROLS Matakuliah : V0282 - Manajemen Akuntansi Hotel Tahun : 2009 - 2010

  2. Zheng Chung is the managing owner of the Stillwater Grill. This year, 2010, was a good year for him. Now he is preparing his 2011 budget. Using the information Zheng believes will be true, help him complete the dollars and percentage amounts in the budget worksheet that follows, then answer the question he has about next year. Beside upon his sales histories, sales projections, and cost records, Zheng predicts that in 2011 his operation will experience: A 6% increase in food sales A 4% increase in beverage sales No change in food or beverage product cost percentage Salaries and wages that will increase 3.5% Benefits that will increase 10% An increase in all other operating expenses (except depreciation) of 2% Interest payment for loans that will total $1,100 per month entry A depreciation schedule that’s calls for a $750 per month entry Tax payments that are estimate to be 25% of income before income taxes

  3. What will be Zheng’s total sales in 2011? What will be Zheng’s total cost of sales income 2011? What will be the amount Zheng will spend on salaries, wages, and employee benefits in 2011? What is the estimate amount of income taxes Zheng will pay in 2011? What does Zheng estimate will be his operation’s net income percentage (profit margin) in 2011? How will that complete to his 2010 percentage?

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