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## practice notes

by: Olivia Notetaker

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# practice notes Econ 150-21

Olivia Notetaker
La Salle
GPA 3.49

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COURSE
Intro Macroeconomics
PROF.
Dr. Mshomba
TYPE
Class Notes
PAGES
2
WORDS
KARMA
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## Popular in Economcs

This 2 page Class Notes was uploaded by Olivia Notetaker on Saturday January 9, 2016. The Class Notes belongs to Econ 150-21 at La Salle University taught by Dr. Mshomba in Fall 2016. Since its upload, it has received 27 views. For similar materials see Intro Macroeconomics in Economcs at La Salle University.

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Date Created: 01/09/16
Olivia Boyer Professor Adams NUTR 310 8 December 2015 Budget Work Sheet Evaluation For the income of the 2015 budget, the cafeteria sales are projected to increase by 5%  considering the addition of the senior citizen complex next door to the hospital and the  Foodservice Director is creating specials for those in the complex. This increase changes the  original amount, \$1,733,750 to increase to \$1,820,437. For the rest of the income, everything  was projected to stay the same amount across the board for the next year, so with the only  increase being in the cafeteria sales, the new total revenue is \$2,458,349. For the expenses  portion of the budget, the food was projected to increase by 3%. To get the estimated amount for  the next year for the food, you must take 5% of the cafeteria sales income (\$86,688) and multiply that by 40% (the food cost percentage of total revenue). Once you get that result, you add the  number to the food expenses and reach \$1,096,490 and then you increase it by the 3% stated  earlier and get \$129,385 as the new food expense. For the vending food, that is projected to  increase by 5% for the next year so that changes the original number, \$91,250, to the new  estimated number \$95,813. With these two changes, the new total food expense comes out to be  \$1,225,198.  The labor portion of the budget is projected to stay the same for the estimated next year,  so I made no changes to those values. However, for the services portion, the utilities was  projected to increase by 4% for the next year, which changes the original amount, \$18,000, to  \$18,720. The addition of one telephone line causes a \$300 increase, due to the fact that you  multiply \$25 (the cost of one line) by 12 (each month) to get \$300. You add this to the original  telephone value, \$3,300, to get a new estimated total to be \$3,900. The rest of the services is  projected to remain the same for the next year, so the new estimated total for services is \$28,420. For the supplies and repairs section of the budget, everything is expected to remain the same for  the new year, resulting in the same value (\$29,400). Totaling the supplies and repairs, services,  labor, and food expense, the new total expenses value is \$2,500,155. Subtracting this number  from the estimated income, \$2,458,349, I predicted the new year’s subsidy to be ­\$41,806.

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