Create the six-month budget shown in FIGURE 3-27 for Solar Solutions, a small consulting company that...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Create the six-month budget shown in FIGURE 3-27 for Solar Solutions, a small consulting company that advises consumers and businesses about solar power options. Set up the workbook in Landscape orientation; apply the Headlines theme, fill cell A1 with Aqua, Accent 1, Lighter 80%; enter values as shown in FIGURE 3-27; enter formulas to calculate total revenue, total expenses, and profit/loss; apply the Comma or Accounting styles to cells as shown; then add shading using variations of Aqua, Accent 1 for revenue, Gold, Accent 3 for expenses, and Purple, Accent 5 for Profit/Loss. Save the budget as PR 3-Solar Solutions Budget to the location where you save the files for this book, then answer the following What-If questions or make up your own What-If questions and apply them to the worksheet: 1. In February, you estimate that three new businesses will ask for consultations at an average rate of $1,200 per consulta- tion. These contracts are in addition to the current revenue for consultations. You project that the contract revenue generated in February will increase by 5 percent in March, 10 percent in April, then 20 percent in May and June. Calculate all increases based on February revenue. Hint: The formula for cell D6 is =$C$6*1.05. Remember to use absolute cell references when you copy the formula and to change the percentages. What is the total revenue for consulting in cell H6? Enter the cell address H6 in cell B20. 2. Make the salaries expense for both May and June $15,000. What is the total salaries expense in cell H11? Enter the cell address of the value in cell B21. 3. Increase the advertising costs for March by 30% of the costs for February. Hint: The required formula is =C14*1.3. Enter the cell address H14 in cell B22. 4. Double the equipment leases for March. What is the total projected profit in cell H18? Enter the cell address of the value in cell B23. Save the workbook, preview it, make sure the worksheet fits on one page in Landscape orientation and is centered horizontally, add your name to the center section of the header, save the workbook and submit a copy to your instructor, then close the workbook and Excel. FIGURE 3-27 D F H. Solar Solutions 1 2 Six-Month Budget: January to June, 2017 4 January February March April May June Totals 5 REVENUE 6 Consultant Fees 7 Product Sales 8 Total Revenue $ 10,000.00 $ 10,000.0o $ 15,000.00 $ 15,000.00 $ 15,000.00 1,800.00 $ 12,000.0o $ 77,000.00 1,200.00 1,000.00 1,500.00 1,400.00 4,000.00 10,900.00 $ 11, 200.00 $ 11,000.00 $ 16,500.00 $ 16,800.00 $ 16,400.00 $ 16,000.00 $ 87,900.00 10 EXPENSES 11 Salaries 12 Rent 13 Equipment Leases 14 Advertising 15 Operating Costs 16 Total Expenses 8,000.00 $ 8,000.00 $ 8,000.00 $ 8,000.00 $ 8,000.00 $ 8,000.00 $ 48,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 12,000.00 800.00 800.00 800.00 800.00 800.00 800.00 4,800.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 6,000.00 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00 9,000.00 13.300.00 $ 13,300.00 $ 13,300.00 $ 13,300.00 $ 13,300.00 $ 13,300.00 $ 79,800.00 17 18 PROFIT/LOSS (2,100.00) $ (2,300.00) $ 3,200.00 24 3.500.00 $ 3,100.00 2,700.00 8,100.00 19 20 Question1 Answer 21 Question 2 Answer 22 Question 3 Answer 23 Question 4 Answer 24 25 Sheet1 AutoSave PR 3-Solar Solutions Budg. - Saved - O Search File Home Insert Draw Page Layout Formulas Data Review View Help Corbel - 11 - A A" ab Wrap Text General Paste Conditional Format. BI U - E - EEEEE Merge & Center v $ - % 9 58 98 00 0 Formatting Table Clipboard a Font Alignment Number Styles M21 fe A B D E G H 3 4 January February March April May June Totals 5 REVENUE 6 Consultant Fees 7 Product Sales 8 Total Revenue 24 10,000.00 $ 13,600.00 $ 14,280.00 $ 14,960.00 $ 16,320.00 $ 16,320.00 $ 85,480.00 1,200.00 1,000.00 1,500.00 1,80০.০০ 1,400.00 4,000.00 10,900.00 $ 11,200.00 $ 14,600.00 $ 15,780.00 $ 16,760.00 $ 17,720.00 $ 20,320.00 $ 96,380.00 9 10 EXPENSES 11 Salaries $ 8,000.00 $ 8,000.00 8,000.00 $ 8,000.00 $ 15,00o.00 $ 15,000.00 $ 62,000.00 12 Rent 2,০০০.০০ 2,০০০.০০ 2,০০০.০০ 2,000.00 2,০০০.০০ 2,০০০.০০ 12,0০०.০০ 13 Equipment Leases 800.00 800.00 1,600.00 800.00 800.00 800.00 5,600.00 6,3००.०० 14 Advertising 15 Operating Costs 16 Total Expenses 1,০০০.০০ 1,০০০.০০ 1,30०.० 1,000.00 1,000.00 1,000.00 1,500.00 1,50०.০০ 1,500.00 1,500.00 1,500.00 1,500.00 9.০০०.০০ $ 13,300.00 $ 13,300.00 $ 14,400.00 $ 13,300.00 $ 20,300.00 $ 20,300.00 $ 94,900.00 17 18 PROFIT/LOSS $ (2,100.00) $ 1,300.00 $ 1,38o.00 $ 3,460.00 $ (2,580.00) $ 20.00 $ 1,48o.00 19 20 Question 1 Answer $ 85,480.00 $ 62,000.00 21 Question 2 Answer 22 Question 3 Answer 23 Question 4 Answer 6,300.00 1,480.00 24 24 24 Sheet1 Create the six-month budget shown in FIGURE 3-27 for Solar Solutions, a small consulting company that advises consumers and businesses about solar power options. Set up the workbook in Landscape orientation; apply the Headlines theme, fill cell A1 with Aqua, Accent 1, Lighter 80%; enter values as shown in FIGURE 3-27; enter formulas to calculate total revenue, total expenses, and profit/loss; apply the Comma or Accounting styles to cells as shown; then add shading using variations of Aqua, Accent 1 for revenue, Gold, Accent 3 for expenses, and Purple, Accent 5 for Profit/Loss. Save the budget as PR 3-Solar Solutions Budget to the location where you save the files for this book, then answer the following What-If questions or make up your own What-If questions and apply them to the worksheet: 1. In February, you estimate that three new businesses will ask for consultations at an average rate of $1,200 per consulta- tion. These contracts are in addition to the current revenue for consultations. You project that the contract revenue generated in February will increase by 5 percent in March, 10 percent in April, then 20 percent in May and June. Calculate all increases based on February revenue. Hint: The formula for cell D6 is =$C$6*1.05. Remember to use absolute cell references when you copy the formula and to change the percentages. What is the total revenue for consulting in cell H6? Enter the cell address H6 in cell B20. 2. Make the salaries expense for both May and June $15,000. What is the total salaries expense in cell H11? Enter the cell address of the value in cell B21. 3. Increase the advertising costs for March by 30% of the costs for February. Hint: The required formula is =C14*1.3. Enter the cell address H14 in cell B22. 4. Double the equipment leases for March. What is the total projected profit in cell H18? Enter the cell address of the value in cell B23. Save the workbook, preview it, make sure the worksheet fits on one page in Landscape orientation and is centered horizontally, add your name to the center section of the header, save the workbook and submit a copy to your instructor, then close the workbook and Excel. FIGURE 3-27 D F H. Solar Solutions 1 2 Six-Month Budget: January to June, 2017 4 January February March April May June Totals 5 REVENUE 6 Consultant Fees 7 Product Sales 8 Total Revenue $ 10,000.00 $ 10,000.0o $ 15,000.00 $ 15,000.00 $ 15,000.00 1,800.00 $ 12,000.0o $ 77,000.00 1,200.00 1,000.00 1,500.00 1,400.00 4,000.00 10,900.00 $ 11, 200.00 $ 11,000.00 $ 16,500.00 $ 16,800.00 $ 16,400.00 $ 16,000.00 $ 87,900.00 10 EXPENSES 11 Salaries 12 Rent 13 Equipment Leases 14 Advertising 15 Operating Costs 16 Total Expenses 8,000.00 $ 8,000.00 $ 8,000.00 $ 8,000.00 $ 8,000.00 $ 8,000.00 $ 48,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 12,000.00 800.00 800.00 800.00 800.00 800.00 800.00 4,800.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 6,000.00 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00 9,000.00 13.300.00 $ 13,300.00 $ 13,300.00 $ 13,300.00 $ 13,300.00 $ 13,300.00 $ 79,800.00 17 18 PROFIT/LOSS (2,100.00) $ (2,300.00) $ 3,200.00 24 3.500.00 $ 3,100.00 2,700.00 8,100.00 19 20 Question1 Answer 21 Question 2 Answer 22 Question 3 Answer 23 Question 4 Answer 24 25 Sheet1 AutoSave PR 3-Solar Solutions Budg. - Saved - O Search File Home Insert Draw Page Layout Formulas Data Review View Help Corbel - 11 - A A" ab Wrap Text General Paste Conditional Format. BI U - E - EEEEE Merge & Center v $ - % 9 58 98 00 0 Formatting Table Clipboard a Font Alignment Number Styles M21 fe A B D E G H 3 4 January February March April May June Totals 5 REVENUE 6 Consultant Fees 7 Product Sales 8 Total Revenue 24 10,000.00 $ 13,600.00 $ 14,280.00 $ 14,960.00 $ 16,320.00 $ 16,320.00 $ 85,480.00 1,200.00 1,000.00 1,500.00 1,80০.০০ 1,400.00 4,000.00 10,900.00 $ 11,200.00 $ 14,600.00 $ 15,780.00 $ 16,760.00 $ 17,720.00 $ 20,320.00 $ 96,380.00 9 10 EXPENSES 11 Salaries $ 8,000.00 $ 8,000.00 8,000.00 $ 8,000.00 $ 15,00o.00 $ 15,000.00 $ 62,000.00 12 Rent 2,০০০.০০ 2,০০০.০০ 2,০০০.০০ 2,000.00 2,০০০.০০ 2,০০০.০০ 12,0০०.০০ 13 Equipment Leases 800.00 800.00 1,600.00 800.00 800.00 800.00 5,600.00 6,3००.०० 14 Advertising 15 Operating Costs 16 Total Expenses 1,০০০.০০ 1,০০০.০০ 1,30०.० 1,000.00 1,000.00 1,000.00 1,500.00 1,50०.০০ 1,500.00 1,500.00 1,500.00 1,500.00 9.০০०.০০ $ 13,300.00 $ 13,300.00 $ 14,400.00 $ 13,300.00 $ 20,300.00 $ 20,300.00 $ 94,900.00 17 18 PROFIT/LOSS $ (2,100.00) $ 1,300.00 $ 1,38o.00 $ 3,460.00 $ (2,580.00) $ 20.00 $ 1,48o.00 19 20 Question 1 Answer $ 85,480.00 $ 62,000.00 21 Question 2 Answer 22 Question 3 Answer 23 Question 4 Answer 6,300.00 1,480.00 24 24 24 Sheet1
Expert Answer:
Answer rating: 100% (QA)
Based on the provided figure I can help you answer the WhatIf questions 1 In February you estimate that three new businesses will ask for consultations at an average rate of 1200 per consultation Thes... View the full answer
Related Book For
Managerial Economics and Business Strategy
ISBN: 978-0071267441
7th Edition
Authors: Michael R. baye
Posted Date:
Students also viewed these finance questions
-
If the pattern shown in Figure 3 is continued indefinitely what fraction of the original square will eventually be painted? Figure 3
-
The heart pumps blood at an average rate of 5 L/min. The gauge pressure on the venous (intake) side is 0 mm Hg and that on the arterial (discharge) side is 100 mm Hg. Energy is supplied to the heart...
-
The heart pumps blood at an average rate of 5 L/min. The gauge pressure on the venous (intake) side is 0 mm Hg and that on the arterial (discharge) side is 100 mm Hg. Energy is supplied to the heart...
-
8 Assume a company reported the following results: Sales Net operating income Average operating assets Margin Turnover Return on investment (ROI) What is the return on investment? ? $ 120,000 $...
-
Assume that student volunteers were assigned arbitrarily (according to a coin toss) either to be trained to meditate or to behave as usual. To deter-mine whether meditation training (the independent...
-
(a) By reading values from the given graph of f, use four rectangles to find a lower estimate and an upper estimate for the area under the given graph of f from x = 0 to x = 8. In each case sketch...
-
Using the basic physical constants, show that \(C_{1}=3.742 \times 10^{8} \mathrm{~W} \mu \mathrm{m}^{4} / \mathrm{m}^{2}\) and \(C_{2}=\) \(1.4389 \times 10^{4} \mu \mathrm{m} / \mathrm{K}\) in the...
-
Affordable Lawn Care, Inc., provides lawn-mowing services to both commercial and residential customers. The company performs adjusting entries on a monthly basis, whereas closing entries are prepared...
-
The Western Farm Supplies Inc. chief executive officer ( CEO ) has asked you to compare the company s profit performance and financial position with the averages for the industry. The CEO has given...
-
? ?? ? ? Assume that Alpha and Omega compete in the same four-digit SIC code industry and offer comparable products and services. The following table contains their reported financial performance and...
-
How much is the Customer Lifetime Value? Assumptions: Retention rate = 75%, average annual customer purchase $20,000, contribution margin of 30.2%, annual fixed costs $100,000 ($5,000 per customer),...
-
Using an Internet search engine, select an AI tool to complete this assignment. Ask the following question in the AI tool. "Research the definition of scope in agile work. Find at least 2 case...
-
One way to identify the attractiveness of a specific industry is to look into industry-based ETFs. Please go to one of the most popular ETF websites,https://www.ishares.com, and sort the ETFs as...
-
Miller's Super Valu Meats (Miller's Meats) is a Winnipeg specialty retail store. The chain has decades of experience and has four (4) stores around the city. As the name states, Miller's is known as...
-
In the following code, the variable count is declared twice. Which count variable will get incremented? void sub(X int count, while (...){ int count count++; both variables will get incremented both...
-
3. As an IT manager, you need to host a web service as part of your duty. You need to decide between choosing Server A or Server B to host a Cloud service. Server A contains 4 high-power 4-GHz...
-
Gamma acquired 60% of Delta's shares on January 1, 2024 paying $500,000 in cash. Delta's balance sheet as of January 1, 2024 and the fair value of Delta's assets and liabilities were as follows:...
-
Evaluate the integral, if it exists. Jo y(y + 1) dy
-
You are the manager of BlackSpot Computers, which competes directly with Condensed Computers to sell high-powered computers to businesses. From the two businesses perspectives, the two products are...
-
Seventy-two percent of the members of the United Food and Commercial Workers Local 655 voted to strike against Stop n Shop in the St. Louis area. In fear of similar union responses, two of Stop n...
-
Under what conditions might the Justice Department approve a merger between two companies that operate in an industry with a premerger Herfindahl-Hirschman index of 2,900 if the postmerger index is...
-
In 2022, Mark purchased two separate activities. Information regarding these activities for 2022 and 2023 is as follows: The 2022 losses were suspended losses for that year. During 2023, Mark also...
-
Jerry sprayed all of the landscaping around his business with a pesticide in June 2023. Shortly thereafter, all of the trees and shrubs unaccountably died. The FMV and the adjusted basis of the...
-
In 2023, Julie, a single individual, reported the following items of income and deduction: Julie owns 100% and is an active participant in the rental real estate activity. What is her taxable income...
Study smarter with the SolutionInn App