Understanding the Income Statement

  Рет қаралды 1,907

Food Media Network

Food Media Network

Күн бұрын

bit.ly/DrProfessorChef - In this video, Chef Colin Roche explains how to understand the income statement, which is also known as the Profit & Loss Statement (P&L).
He reviews the four sections of the income statement (sales, cost of sales, operating expenses and profit) and shows how to do the calculations in each area, including gross profit, food cost, beverage cost and their percentages.
If you enjoy this video, please be sure to hit the like button and subscribe to this channel if you haven't already! If you click on the small bell icon, you will be notified when new videos have been posted.
If you want information on Recipe Costing, then check out this mini-course on the topic at: chefroche.com/course/recipe-c...
MERCHANDISE LINKS
Check out the "DrProfessorChef" logo merchandise line -
teespring.com/stores/drprofes...
Check out the "Wicked Easy" Cooking logo merchandise -
teespring.com/stores/wicked-e...
SUBSCRIBE / SHARE / COMMENT
We would like to have as many people enjoy our videos as possible so please share them with anyone you think would find them to be of interest.
Also, if you would like to translate this video so even more people can enjoy it, please do so!
Lastly, we would greatly appreciate it if you would LIKE, SHARE and COMMENT on any or all of our videos. Thanks!
SOCIAL MEDIA - Be sure to check us out!
LinkTree: linktr.ee/foodmedianetwork
Website at: chefroche.com
Instagram: / drprofessorchef
Twitter: / chefroche
Facebook Page: / drprofessorchef
Podcast: chefeducator.buzzsprout.com/
MUSIC INFORMATION
Album - Music for Podcasts 4
Songs - “New Day”
Artist - Lee Rosevere
Link - freemusicarchive.org/music
Link - freemusicarchive.org/music/Le... CC License
Link - creativecommons.org/licenses/...

Пікірлер: 8
@ekny806
@ekny806 Жыл бұрын
recently have watched all your videos and found them to be very educational! Wish you still made videos.
@DrChefColin
@DrChefColin Жыл бұрын
Thanks for the positive comment Kim! As a creator it is nice to know there are people out there who enjoy the content one creates and gives away. I hope to make more videos soon (bakers %, forecasting, scheduling, etc) but have just been out straight with my podcasts and recipe blog.
@benrabahmohamed9657
@benrabahmohamed9657 4 жыл бұрын
Awesome video I really appreciate. Thanks.
@DrChefColin
@DrChefColin 4 жыл бұрын
Thanks!
@tonnynganda.h7449
@tonnynganda.h7449 4 жыл бұрын
Chef Colin Roche, Thanks for making time and explaining the income statement. It's been really helpful. God bless you chef.
@DrChefColin
@DrChefColin 4 жыл бұрын
Thank you Anthony, I am glad you found it helpful!
@tarasuresh3912
@tarasuresh3912 5 жыл бұрын
Chef how to do the reverse calculation in kitchen for example In my restaurant I have the set menu which consists of chicken chowder soup assume my average of that is 40% sales on Saturday and Sunday I serve 180ml of standard portion for 6$ and can I use PBR Traingle for getting the production in my kitchen how much I have to do make the chowder soup on Saturday and Sunday and how to arrive the combos meal course of 3 items each grammage is around 80 gm, 60 gm, 75gm in my combo how to get plate cost for my combo meal please explain Chef
@DrChefColin
@DrChefColin 5 жыл бұрын
Hi Tara, you should price each menu item out individually using a recipe cost card and then combine combine to get the total plate / meal / course price. Using that cost, divide by your budgeted food cost % to get a preliminary selling price. From there, raise or lower the price based on how much your specific customers will pay. Colin
Menu Engineering (Introduction)
23:15
Food Media Network
Рет қаралды 27 М.
Understanding a P&L in 8 minutes (Income statement/profit & loss stmt)
8:12
Dr. K The Management Professor
Рет қаралды 201 М.
Would you like a delicious big mooncake? #shorts#Mooncake #China #Chinesefood
00:30
Чай будешь? #чайбудешь
00:14
ПАРОДИИ НА ИЗВЕСТНЫЕ ТРЕКИ
Рет қаралды 2,8 МЛН
How to Read a Restaurant P&L Statement
9:16
The Restaurant Boss
Рет қаралды 119 М.
How to Cost Out a Recipe
27:03
Food Media Network
Рет қаралды 215 М.
No Black Box Machine Learning Course - Learn Without Libraries
3:51:31
freeCodeCamp.org
Рет қаралды 1,5 МЛН
Organizational Change Management Training: Everything You Need to Know About Change Management
3:05:11
Digital Transformation with Eric Kimberling
Рет қаралды 212 М.
Learn HTML5 and CSS3 For Beginners - Crash Course
3:54:03
developedbyed
Рет қаралды 4,2 МЛН
Чудовищный нож на азоте "Оса" 🔪🔥
0:30
СПОРУ НЕТ!
Рет қаралды 8 МЛН
คักอีหลี
0:11
เลาะและหาแซ่บไปเรื่อย
Рет қаралды 52 МЛН
ПООСТЕРЕГИСЬ🙊🙊🙊
0:39
Chapitosiki
Рет қаралды 61 МЛН