Week 6

This week at Cafe Europa, a few changes were made. They were not huge changes, but they are worth mentioning in this week's update. Here is an overview of this week's decisions:

Management

• No changes were made. The total manager wages, server wages, and employee cost remain the same.

Marketing

• Customers redeemed 156 coupons for $78 in discounts.
• I changed my daily ad in the newspaper to a general awareness ad instead of coupons. The coupons were very successful, but right now I need to increase my sales revenue. I will probably offer coupons again later in the period.

Operations

• I had to make an emergency purchase of 5 lbs of coffee (last week I purchased 57 lbs).
• This week I bought 62 lbs of high quality coffee. Hopefully this will be enough.
• I have 12,625 logo cups in inventory.
• I am keeping the same hours for the cafe.

Service Capacity

• My service capacity remained the same as last week.
• M-F: 375
• Sat: 400
• Sun: 350

Checkbook

• My checking account balance as of February 5 is $9,703.44
• Last week at this time, my balance was $9,907.01
• Unfortunately, my balance has been decreasing for a few weeks now... Hopefully the coupon cancellation will help some.

Income Statement

• This is the first week that an income statement has been available for me to review.
• Unfortunately, my net income is $-1,823.37
• Depending on my checking account balance next week, I may have to cut my staff or increase my prices.

Comparitive Results:

• Cafe Europa has the fourth-highest revenue value, fourth-highest revenue (cumulative) value, fourth-highest cups sold value, and the third-highest customer satisfaction.

That's it for this week. Hopefully next week I will have better news to share!