TITLE THINK LIKE AN ACCOUNTANT

Chapter 1
Fifa
ANALYSIS The analysis worksheet contains a schedule to estimate the excess of revenue over expenses.

STEPS 1 Read all of the steps before working with this workbook.

2 Click the Analysis worksheet tab to view the schedule.

3 Key your name in cell B2.

Enter the data to analyze each question:

4 Enter the appropriate data in cells denoted by a question mark (?).

5 Use the schedule to answer question 1.

6 Change the data as necessary to answer questions 2 and 3.

7 Save your work as TLA1.

8 Submit on Edmodo assignment TLA1.

1. I think he should quit because this business could grow in the futuer.
2.billing rate will need to be at lest 50$ in order to replace his current job.
3.yes, but he will need at lest 25 clients.
4.no, because I am not an excel expert.
Problem Number: Think Like an Accountant, Chapter 1
Student's Name: Fifa

Revenue
Design Fees
Number of Clients 20
Hours per Client 75
Total Billable Hours 1,500
Billing Rate $ 40
Total Design Fees $ 60,000
Hosting Fees
Number of Clients 20
Monthly Fee $ 30
Total Hosting Fees 7,200
Total Revenue $ 67,200

Expenses
Advertising $ 6,000
Cellular Phone/Internet 1,800
Insurance 4,800
Miscellaneous 5,040
Rent 6,000
Supplies 3,600
Utilities 3,600
Total Expenses $ 30,840
Excess of Revenue over Expenses $ 36,360