Adam (Financial Formulas)

what is gross sales

gross is everything sold that means drinks, food, panda plushies everything

Gross sales Formula

Food Sales+ Retail Sales+ Drink Sales

what is net sales

gross sales - all discounts/ coupons

net sales Formula

Gross Sales- employee meals- 20% EMP Discount - Coupons or Promotions

OR

Transactions x Check Average

Net Sales Example

what is net sales if dec 7 2024 actual transactions of 2,185 and check average is 17.78

17.78× 2185= 38, 849.30 net sales for that week

SST% Example

Same Store Transactions

2024 amt of transactions was 2185, the prev yr 2023 on same week was 2181 so with diff of $4, the SST% was 0.18 , its positive so its good

what is SST, SST, SSCA

Same Store Sales, Transactions, Check Average

SSS% Formula

Actual Net Sales - Last Year Net Sales/ Last Year Sales x 100

Transactions Formula

Net Sales / Check Average

Check Average Formula

Net Sales/ Transactions

what is Cost of Goods

all money spent on all inventory in general (ex. food, paper goods, kale, chicken , napkins, plates)

• COGS is also the $/% variance we get after comparing the actual and theoretical of inventory

Cost of Goods % Formula

Beginning Inventory + Purchases ± Transfers - Ending

(COGS) Formula

Inventory/ Net Sales X 100

(Transfer In= + Transfer Out = - )

COGS $ Formula

Net Sales X COGS%

COGS %