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\begin{tabular}{|l|l|l|l|}
\hline \multicolumn{1}{|c|}{ (Feb 21-27) } & Projected & Actual & Difference \\
\hline Food Cost & [tex]$\$[/tex] 6,971[tex]$ & $[/tex]\[tex]$ 7,842$[/tex] & [tex]$+\$[/tex] 871[tex]$ (over) \\
\hline Beverage Cost & $[/tex]\[tex]$ 3,954$[/tex] & [tex]$\$[/tex] 4,156[tex]$ & $[/tex]+\[tex]$ 202$[/tex] (over) \\
\hline Labor Cost & [tex]$\$[/tex] 8,423[tex]$ & $[/tex]\[tex]$ 9,541$[/tex] & [tex]$+\$[/tex] 1,118[tex]$ (over) \\
\hline Other Costs & $[/tex]\[tex]$ 7,645$[/tex] & [tex]$\$[/tex] 7,645[tex]$ & $[/tex]\[tex]$ 0$[/tex] (even) \\
\hline Total Costs & [tex]$\$[/tex] 26,993[tex]$ & $[/tex]\[tex]$ 29,184$[/tex] & [tex]$+\$[/tex] 2,191[tex]$ (over) \\
\hline Food Sales & $[/tex]\[tex]$ 18,565$[/tex] & [tex]$\$[/tex] 14,326[tex]$ & $[/tex]-\[tex]$ 4,239$[/tex] (under) \\
\hline Beverage Sales & [tex]$\$[/tex] 12,872[tex]$ & $[/tex]\[tex]$ 10,852$[/tex] & [tex]$-\$[/tex] 2,020[tex]$ (under) \\
\hline Total Sales (Revenue) & $[/tex]\[tex]$ 31,437$[/tex] & [tex]$\$[/tex] 25,178[tex]$ & $[/tex]-\[tex]$ 6,259$[/tex] (under) \\
\hline Total Profit & [tex]$\$[/tex] 4,444[tex]$ & $[/tex]-\[tex]$ 4,006$[/tex] & [tex]$-\$[/tex] 8,450$ (under) \\
\hline
\end{tabular}

What were the results of the restaurant's actual revenue, relative to its actual costs?



Answer :

GinnyAnswer
Let's analyze the results of the restaurant's actual revenue and actual costs step-by-step:

1. Find the Actual Revenue:
The actual revenue is given in the table as "Total Sales (Revenue)".
[tex]\[ \text{Actual Revenue} = \$25,178 \][/tex]

2. Find the Actual Costs:
The actual costs are given in the table as "Total Costs".
[tex]\[ \text{Actual Costs} = \$29,184 \][/tex]

3. Calculate the Difference between Actual Revenue and Actual Costs:
To determine the difference, subtract the actual costs from the actual revenue.
[tex]\[ \text{Revenue Difference} = \text{Actual Revenue} - \text{Actual Costs} \][/tex]
[tex]\[ \text{Revenue Difference} = \$25,178 - \$29,184 = -\$4,006 \][/tex]

4. Interpret the Result:
The result of [tex]\(-\$4,006\)[/tex] indicates that the restaurant's actual costs exceeded the actual revenue by \[tex]$4,006. Thus, the restaurant had a deficit, with its actual revenue being \$[/tex]4,006 less than its actual costs.

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