Ask Accounting Basics Expert

MS Excel - Create a Start up Budget and first 6 months operating expenses for your new Business using MS Excel. The Excel spreadsheet must include at a minimum the specifications listed
below:
a. Create two worksheets. The first worksheet should contain your expected expenses for start-up cost. The second worksheet what you expect it to cost to run your new business for the first 6
months.
b. Name the two worksheets on the tab. The first worksheet should be named "Startup Costs" and the second "6 Month Expenses."
c. Include the following information on the first worksheet:
o Start up costs you might incur to start your business, such as equipment, supplies, deposits for electric, water, phone, etc. You may make up items and values based on your business. Must have at a minimum 5 items.
Example: You need 10 laptops and each cost $1,599. Your total would be $15,990 for the computers. Fees to have water turned on might be $250 for a deposit.
o Formulas for totals of the Startup cost.
o Appropriate labels to identify all categories, columns, row, totals and other computed values.
o A multi-row title section at the top of the first worksheet, merging cells as needed. Title should include a title for the worksheet, your name, course and section, and the date.
d. Include the following format for the first worksheet:
o Column heading cells should have a background color and the text should be in Arial 12 point and bold.
o Totals should be clearly labeled and the values formatted with dollar signs ($).
o Title section at top of page should be in Font of choice 14 point, bold and a background color of choice.
e. Include the following information on the second worksheet:
o Estimated monthly expenses for the first 6 months, such as salaries (don't forget your own salary), electric, water, phone, Internet connection, supplies and anything else you may need. Must have at a minimum 5 expenses.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M9976297

Have any Question?


Related Questions in Accounting Basics

Question what discoveries have you made in your research

Question: What discoveries have you made in your research and how does this information inform your ability to evaluate effective coaching and its impact on organizations? Consider these guiding questions: 1. What core c ...

Question requirement 1 read the article in below attachment

Question: Requirement: 1. Read the article in below attachment, and answer the questions in a paper format. Read below requirements before your writing! 2. Not to list the answers, and you should write as a paper format. ...

Question as a financial consultant you have contracted with

Question: As a financial consultant, you have contracted with Wheel Industries to evaluate their procedures involving the evaluation of long term investment opportunities. You have agreed to provide a detailed report ill ...

Question the following information is taken from the

Question: The following information is taken from the accrual accounting records of Kroger Sales Company: 1. During January, Kroger paid $9,150 for supplies to be used in sales to customers during the next 2 months (Febr ...

Assignment 1 lasa 2-capital budgeting techniquesas a

Assignment 1: LASA # 2-Capital Budgeting Techniques As a financial consultant, you have contracted with Wheel Industries to evaluate their procedures involving the evaluation of long term investment opportunities. You ha ...

Assignment 2 discussion questionthe finance department of a

Assignment 2: Discussion Question The finance department of a large corporation has evaluated a possible capital project using the NPV method, the Payback Method, and the IRR method. The analysts are puzzled, since the N ...

Question in this case you have been provided financial

Question: In this case, you have been provided financial information about the company in order to create a cash budget. Management is seeking advice or clarification on three main assumptions the company has been operat ...

Question 1what step in the accounting cycle do adjusting

Question: 1. What step in the accounting cycle do Adjusting Entries show up 2. How do these relate to the Accounting Worksheet? 3. Why are they completed at the end of each accounting period? The response must be typed, ...

Question is it important for non-accountants to understand

Question: Is it important for non-accountants to understand how to read financial statements? If you are not part of the accounting/finance function in a business what difference would it make? The response must be typed ...

Question refer to the hat rack cash flow statement 2002 in

Question: Refer to the Hat Rack Cash Flow Statement, 2002 in the text on page 17. Answer the following questions and submit to me via Canvas by the due date. 1. Cash flow from operations? 2. Cash flow from investing? 3. ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As