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: Alinnan Thiptanakit

Revenue
Design Fees
Number of Clients 20 1. No, because the total money is 36,360. It doesn't reach 50,000
Hours per Client 75 2. If the rate change to $50. The total number will be enough.
Total Billable Hours 1,500 3. Yes, 25 customers.
Billing Rate $ 40 4. It should have a table and make the classification more easier.
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