HRT 374 Lecture Notes - Lecture 3: Income Statement, Gross Profit, Net Income

• School: Cal Poly Pomona
• Department: Hospitality Management
• Course: HRT 374
• Professor: John Self

Document Summary

Statement of earnings, profit of loss statement (p&l), the statement of operations, and reports of the success for a period of time. Quarterly, annually--- outsiders, e. g. owners, creditors, governmental agencies. Some companies round off in dollars or in millions. Pro-forma- projection or forecast of next year. Info system e. g. dining room manager: budget ,000 more money to spent. Usually % range is within above and below 1/2 % Can tell what is important to a company. Cost of sales