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Revenues: Food and beverage Delivery service Total revenues Restaurant operating costs: Chipotle Mexican Grill, Inc. Operating Income For the Years Ended December 31 (in thousands) Year 2 Amount Year 2 Year 1 Percent Amount Year 1 Percent $7,457 100 % $5,921 100 % 90 % 64 % $7,547 100 % $5,985 100 % Food, beverage, packing $(2,309) % $(1,933) 906 % Labor (1,918) 90 % (1,593) % Occupancy (rent) (416) % (388) % % Marketing, utilities, other (1,197) % (1,030) General and administrative (607) % (466) % Depreciation (255) % (238) % % Miscellaneous expenses (40) % (47) % Total operating expenses $(6,742) $(5,695) % % % $290 $805 Operating income h. Based on the calculations above, which of the following statements are correct? Revenues: Food and beverage Delivery service Total revenues Restaurant operating costs: Chipotle Mexican Grill, Inc. Operating Income For the Years Ended December 31 (in thousands) Year 2 Amount Year 2 Year 1 Percent Amount Year 1 Percent $7,457 100 % $5,921 100 % 90 % 64 % $7,547 100 % $5,985 100 % Food, beverage, packing $(2,309) % $(1,933) 906 % Labor (1,918) 90 % (1,593) % Occupancy (rent) (416) % (388) % % Marketing, utilities, other (1,197) % (1,030) General and administrative (607) % (466) % Depreciation (255) % (238) % % Miscellaneous expenses (40) % (47) % Total operating expenses $(6,742) $(5,695) % % % $290 $805 Operating income h. Based on the calculations above, which of the following statements are correct?

Revenues: Food and beverage Delivery service Total revenues Restaurant operating costs: Chipotle Mexican Grill, Inc. Operating Income For the Years Ended December 31 (in thousands) Year 2 Amount Year 2 Year 1 Percent Amount Year 1 Percent $7,457 100 % $5,921 100 % 90 % 64 % $7,547 100 % $5,985 100 % Food, beverage, packing $(2,309) % $(1,933) 906 % Labor (1,918) 90 % (1,593) % Occupancy (rent) (416) % (388) % % Marketing, utilities, other (1,197) % (1,030) General and administrative (607) % (466) % Depreciation (255) % (238) % % Miscellaneous expenses (40) % (47) % Total operating expenses $(6,742) $(5,695) % % % $290 $805 Operating income h. Based on the calculations above, which of the following statements are correct? Revenues: Food and beverage Delivery service Total revenues Restaurant operating costs: Chipotle Mexican Grill, Inc. Operating Income For the Years Ended December 31 (in thousands) Year 2 Amount Year 2 Year 1 Percent Amount Year 1 Percent $7,457 100 % $5,921 100 % 90 % 64 % $7,547 100 % $5,985 100 % Food, beverage, packing $(2,309) % $(1,933) 906 % Labor (1,918) 90 % (1,593) % Occupancy (rent) (416) % (388) % % Marketing, utilities, other (1,197) % (1,030) General and administrative (607) % (466) % Depreciation (255) % (238) % % Miscellaneous expenses (40) % (47) % Total operating expenses $(6,742) $(5,695) % % % $290 $805 Operating income h. Based on the calculations above, which of the following statements are correct?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Revenues: Food and beverage Delivery service Total revenues Restaurant operating costs: Chipotle Mexican Grill, Inc. Operating Income For the Years Ended December 31 (in thousands) Year 2 Amount Year 2 Year 1 Percent Amount Year 1 Percent $7,457 100 % $5,921 100 % 90 % 64 % $7,547 100 % $5,985 100 % Food, beverage, packing $(2,309) % $(1,933) 906 % Labor (1,918) 90 % (1,593) % Occupancy (rent) (416) % (388) % % Marketing, utilities, other (1,197) % (1,030) General and administrative (607) % (466) % Depreciation (255) % (238) % % Miscellaneous expenses (40) % (47) % Total operating expenses $(6,742) $(5,695) % % % $290 $805 Operating income h. Based on the calculations above, which of the following statements are correct?
Transcribed Image Text:Revenues: Food and beverage Delivery service Total revenues Restaurant operating costs: Chipotle Mexican Grill, Inc. Operating Income For the Years Ended December 31 (in thousands) Year 2 Amount Year 2 Year 1 Percent Amount Year 1 Percent $7,457 100 % $5,921 100 % 90 % 64 % $7,547 100 % $5,985 100 % Food, beverage, packing $(2,309) % $(1,933) 906 % Labor (1,918) 90 % (1,593) % Occupancy (rent) (416) % (388) % % Marketing, utilities, other (1,197) % (1,030) General and administrative (607) % (466) % Depreciation (255) % (238) % % Miscellaneous expenses (40) % (47) % Total operating expenses $(6,742) $(5,695) % % % $290 $805 Operating income h. Based on the calculations above, which of the following statements are correct?
Revenues: Food and beverage Delivery service Total revenues Restaurant operating costs: Chipotle Mexican Grill, Inc. Operating Income For the Years Ended December 31 (in thousands) Year 2 Amount Year 2 Year 1 Percent Amount Year 1 Percent $7,457 100 % $5,921 100 % 90 % 64 % $7,547 100 % $5,985 100 % Food, beverage, packing $(2,309) % $(1,933) 906 % Labor (1,918) 90 % (1,593) % Occupancy (rent) (416) % (388) % % Marketing, utilities, other (1,197) % (1,030) General and administrative (607) % (466) % Depreciation (255) % (238) % % Miscellaneous expenses (40) % (47) % Total operating expenses $(6,742) $(5,695) % % % $290 $805 Operating income h. Based on the calculations above, which of the following statements are correct?
Transcribed Image Text:Revenues: Food and beverage Delivery service Total revenues Restaurant operating costs: Chipotle Mexican Grill, Inc. Operating Income For the Years Ended December 31 (in thousands) Year 2 Amount Year 2 Year 1 Percent Amount Year 1 Percent $7,457 100 % $5,921 100 % 90 % 64 % $7,547 100 % $5,985 100 % Food, beverage, packing $(2,309) % $(1,933) 906 % Labor (1,918) 90 % (1,593) % Occupancy (rent) (416) % (388) % % Marketing, utilities, other (1,197) % (1,030) General and administrative (607) % (466) % Depreciation (255) % (238) % % Miscellaneous expenses (40) % (47) % Total operating expenses $(6,742) $(5,695) % % % $290 $805 Operating income h. Based on the calculations above, which of the following statements are correct?
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