Revenue
This is the total money generated from sales before expenses.
Revenue
Which statement shows revenue and expenses?
P&L
Overstaffing affects which line?
Labor
Revenue - COGS = ?
Answer: Gross Profit
Higher sales with same expenses usually...
Higher profit
True or False: Increasing sales always increases profit.
False
Which statement shows assets and liabilities?
Balance Sheet
Food waste impacts which line?
COGS
What does EBITDA stand for?
Earnings Before Interest, Taxes, Depreciation and Amortization
Lower labor % generally...
Improves profitability
Sales increase but every item is discounted. What may happen to profit?
Margin/profit may decrease
Which statement tracks cash in/out?
Cash Flow
Ignoring maintenance eventually impacts what?
Repairs/OpEx/Profit
Define Margin
Profit as a % or $ of sales
Cut labor too much. What happens?
Service suffers; sales may fall
Name two ways to grow revenue without raising prices.
Upselling, traffic, avg ticket, service
Buying a new oven affects which statement first?
Balance Sheet
Marketing campaign primarily impacts?
Revenue
Define Net Income
Profit (or loss) after all expenses
Higher revenue or higher profit?
Higher profit
Store A: $1M @10%. Store B: $900k @15%. Better performer?
Store B
Company pays old invoice. Which statement changes immediately?
Cash Flow
Name two financial impacts of turnover
Training, labor, recruiting, sales
Difference between fixed and variable costs?
Fixed stay same; variable change with activity
Why isn't higher revenue always better?
Margins matter