Question
Excel assignment: Here are the instructions Please help with the formulas needed thank you. #28-30 are missing in the excel screenshot. They are #28 Tax
Excel assignment: Here are the instructions Please help with the formulas needed thank you. #28-30 are missing in the excel screenshot. They are
#28 Tax
#29 Net Income
#30 Cash Flow
Product Selling Prices: Oysters on half shell will sell for $8.25 each (dozen) Fried Shrimp will sell for $10.25 (dozen) Calamari will sell for $4.95 an order Catfish Sandwich will sell for $5.95 Salads will sell for $4.50 each Fries sell for $1.25 per order Sodas sell for $1.25 a bottle Cost of Goods Sold: The Catfish sandwich ingredients (fried catfish, cheese, sauce, bun etc.) cost $3.15 per sandwich. Calamari cost per order $1.90. The fresh Shrimp cost $7.19 per order from the supplier. Oysters (sauce, lemon, oysters) cost $5.19 per order. Salad ingredients (lettuce, tomatoes, cheese, etc.) cost $1.23 per salad serving Frozen fries and oil average to $.67 per order Sodas cost about $.7 per 16 oz. bottle The building rent is $2775 per month. Phone will cost about $220 per month. Electricity should cost about $775 a month. Insurance will be $850 a month. Advertising and promotion will be $900 a month. Operating Hours: The diner will be open seven days a week. The diner will serve lunch and dinner and will be open from 11am 7pm on weekdays (Monday Friday). It will need two hourly employees and an assistant manager (or manager) during these hours that the diner is open. On Saturdays and Sundays the store will be open 11am 11pm and will need three hourly employees and an assistant manager (or manger). Your client will be the manager and draw a salary of $48,500 per year (includes benefits). He will also work in the store during the busiest times, and fill in for the assistant manager on days off and sick days. The assistant manager will receive a 3 salary of $37,500 per year (includes benefits). The hourly workers will be paid $7.25 an hour. Monday through Fridays the owner expects an average of 17 customers an hour. Saturdays and Sundays the owner expects an average of 45 customers an hour. Demand Rate: On average, 1/4 of all customer will buy shrimp, 1/4 of the customers will buy oysters, 1/4 will buy Calamari, and 1/2 customers will buy Catfish, 3/4 of them will buy a salad, all of them buy french fries, and every customer will purchase a soda. Start-up costs for the diner includes: Kitchen equipment: $16,250 Cash register and sales equipment: $1,250 Initial inventory: $5,500 Pre-opening marketing: $3,500 Diner fixtures (chairs, tables etc.): $4,500 Oil painting of your clients momma to hang on the wall: $350 Licenses: $1,025 Security deposit: $6,500 First Insurance Payment: $850 Your client has $10,000 and plans to borrow the rest from the bank with a five-year loan at 5.1% interest. You are to calculate the monthly loan payment using the appropriate financial function. Assume a tax rate of 24% if Income Before Taxes (IBT) is equal to or is greater than $23,500. Assume a tax rate of 15% if IBT is less than $23,500. You are to calculate the monthly tax payment using the appropriate logical function. Assume that sales will grow at an average of 2.55% per month. Assume that each month contains 4.2 weeks.
ponen B Month 1 weten merina Marina marina Marina Marina Marina Marina Marino namin no mentione non D Month 3 F Month 5 L MA Month 9 Month 10 Month 11 Month Month 2 Month 4 Month 6 Month 7 Month 8 00 voor 5 Revenue: 6 Oysters Fried Shrimp 8 Calamari 9 Catfish Sandwich 10 Salads 11 Fries 12 Sodas 13 Monthly Revenue 14 15 Expenses: 16 COGS 17 Rent 18 Phone 19 Electricity 20 Insurance 21 Advertising 22 Hourly Wages 23 Salaries 24 Loan Payment 25 Total Expenses 26 | 27 Income Before TaxStep by Step Solution
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