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Tla ch01

The document provides instructions for an analysis worksheet to estimate excess revenue over expenses by having the student enter data like the number of clients, billing hours and rates, hosting fees, expenses, and then using the schedule to calculate total revenue, expenses, and the excess of revenue over expenses. The student is asked to answer questions by changing the data and re-calculating to determine the hourly billing rate needed to replace the owner's salary and how many additional clients would be needed to reach a revenue goal.

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415 views2 pages

Tla ch01

The document provides instructions for an analysis worksheet to estimate excess revenue over expenses by having the student enter data like the number of clients, billing hours and rates, hosting fees, expenses, and then using the schedule to calculate total revenue, expenses, and the excess of revenue over expenses. The student is asked to answer questions by changing the data and re-calculating to determine the hourly billing rate needed to replace the owner's salary and how many additional clients would be needed to reach a revenue goal.

Uploaded by

api-278289156
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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TITLE THINK LIKE AN ACCOUNTANT

Chapter 1
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.


Problem Number: Think Like an Accountant, Chapter 1
Student's Name: Vetaka Prajakchaikul (Ting)

Revenue
Design Fees Questions:
1. I would not suggest Neil to estimates the business
because his excess of revenue over expenses is less
then
Number of Clients 20 his salary $ 13,640.
2. The nearest dollar hourly billing rate would he need
Hours per Client 75 to charge
3. Neil cantoachieve
replacehis
is $50.
goal by obtaining more
customer.
Total Billable Hours 1,500 He should obtain 25 customer per hour.
4. I would suggest that there should have only one
number of cilent in the box to put the number.
Therefore , it would be easier for accoutants to work,
Billing Rate $ 40 and do not confuse with the information.
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

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