Week 3 Discussion: The Seafood Shack: Income Statement, Budgets, and Fixed and Variable Costs Case Study 2

May 26, 2023May 26, 2023 Discipline: Finance
As you remember from week 2, The Seafood Shack is a casual restaurant located in a beach and fishing port area in coastal New England.
It opened on the last week of May, this year. The sales report and income statements for January and February were provided for you to complete and analyze. Now let’s go one step further.
Using your knowledge of fixed and variable costs, income statements and percentages, and both general and specific income statement related information about The Seafood Shack, answer the following question:
Do you think it would be best, financially, for the restaurant to close next year in the month of January? Why or why not? Back up your position with specific financial data.
Here are the financial reports from the previous week (The Seafood Shack Financial Reports Part 1), and a new file (The Seafood Shack Discussion Part 2 with an income statement budget format that could help you make a decision.
 The Seafood Shack Financial Reports Part 1.xlsx

 The Seafood Shack Discussion Part 2.xlsx

Then reply to two classmates. Do you agree with their post?  What insight did they provide that you did not think about? What information could you offer them regarding your analysis of the financial documents?

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