Budget and Variance by https://padlet.com/sugartl/f4vingjosyvu3ii en-us 2023-02-25 09:19:25 UTC 2023-03-01 08:21:36 UTC hello@padlet.com profit and loss account sugartl https://padlet.com/sugartl/f4vingjosyvu3ii/wish/2494627184 The following table is the financial information of Vanessa’s McDonald’s store of 2022 according to her expectation. After listing all the financial information, Vanessa accidentally knocked her cup over and spilt tea on the financial information table. One of the figures--The service fee cannot be seen.
Please help Vanessa construct an expected statement of profit and loss account of 2022 and find out the missing figure for her. 
Please upload you statement of profit and loss account.

]]> 2023-02-25 09:19:25 UTC https://padlet.com/sugartl/f4vingjosyvu3ii/wish/2494627184 Construct a budget table sugartl https://padlet.com/sugartl/f4vingjosyvu3ii/wish/2494627186 In January 2022, Vanessa began her franchise and at the end of 2022 she constructed her actual statement of profit and loss account.  
Vanessa feels difficult to compare the expected and actual financial figure of her store. The financial manager gives Vanessa a table for her to compare the budgeted(expected) and actual financial performance of the store. 
Can you help her to finish the following table? 
Please upload your budget table. 

]]> 2023-02-25 09:19:25 UTC https://padlet.com/sugartl/f4vingjosyvu3ii/wish/2494627186 Background information sugartl https://padlet.com/sugartl/f4vingjosyvu3ii/wish/2494627187 McDonald's Corporation is an American multinational fast food chain, founded in 1940. McDonald's is the world's largest fast food restaurant chain, serving over 69 million customers daily in over 100 countries in more than 40,000 outlets as of 2021.

Question: for each McDonald's store, is it a cost centre or profit centre? why?

Vanessa planned to join the franchise of McDonald’s in 2022 and she list some forcasted financial information for her McDonald’s store at the beginning of 2022. 
]]> 2023-02-25 09:19:25 UTC https://padlet.com/sugartl/f4vingjosyvu3ii/wish/2494627187 Variance sugartl https://padlet.com/sugartl/f4vingjosyvu3ii/wish/2494635250 Variance: is the difference between budgeted figures and actual figures 

Tips: fill in the absolute value in the variance column]]> 2023-02-25 09:44:32 UTC https://padlet.com/sugartl/f4vingjosyvu3ii/wish/2494635250 Favourable and adverse variance sugartl https://padlet.com/sugartl/f4vingjosyvu3ii/wish/2494636353 A favourable variance exists when the difference between the actual and budgeted figures will result in the business enjoying higher net income than shown in the budget.

An adverse variance occurs when the difference between the figures in the budget and the actual figures will lead to the firm’s net income being lower than planned.

Please add F (favourable variance)/A (adverse variance) in the variance column]]> 2023-02-25 09:47:53 UTC https://padlet.com/sugartl/f4vingjosyvu3ii/wish/2494636353 The causes of variances sugartl https://padlet.com/sugartl/f4vingjosyvu3ii/wish/2494637842 Sales:
Expenses
Food costs: 
Crew payroll: 
Manager payroll:
Promotion: 
Maintenance and repair:  
Utilities:
Service fee: 

Don't forget the qualitative information. 
Adverse variance do not necessarily represent a "bad" situation for a business. Favourable variance do not necessarily represent a "good" situation. ]]> 2023-02-25 09:52:27 UTC https://padlet.com/sugartl/f4vingjosyvu3ii/wish/2494637842 Budget and actual financial information sugartl https://padlet.com/sugartl/f4vingjosyvu3ii/wish/2497547727 2023-02-28 07:39:35 UTC https://padlet.com/sugartl/f4vingjosyvu3ii/wish/2497547727 https://padlet.com/sugartl/f4vingjosyvu3ii/wish/2499093775 2023-03-01 07:10:28 UTC https://padlet.com/sugartl/f4vingjosyvu3ii/wish/2499093775 北国太子爷 https://padlet.com/sugartl/f4vingjosyvu3ii/wish/2499093962 我是大聪明]]> 2023-03-01 07:10:38 UTC https://padlet.com/sugartl/f4vingjosyvu3ii/wish/2499093962 https://padlet.com/sugartl/f4vingjosyvu3ii/wish/2499094170 lol

]]> 2023-03-01 07:10:52 UTC https://padlet.com/sugartl/f4vingjosyvu3ii/wish/2499094170 https://padlet.com/sugartl/f4vingjosyvu3ii/wish/2499094607 2023-03-01 07:11:10 UTC https://padlet.com/sugartl/f4vingjosyvu3ii/wish/2499094607 https://padlet.com/sugartl/f4vingjosyvu3ii/wish/2499101532 $000]]> 2023-03-01 07:19:13 UTC https://padlet.com/sugartl/f4vingjosyvu3ii/wish/2499101532 https://padlet.com/sugartl/f4vingjosyvu3ii/wish/2499101609 2023-03-01 07:19:16 UTC https://padlet.com/sugartl/f4vingjosyvu3ii/wish/2499101609 https://padlet.com/sugartl/f4vingjosyvu3ii/wish/2499102820 2023-03-01 07:20:38 UTC https://padlet.com/sugartl/f4vingjosyvu3ii/wish/2499102820