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ITECH1100 Understanding the Digital Revolution Add in library

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Task 1 - Costs of operating the business Using Excel, create a spreadsheet called operating_costs.xlsx that calculates the projected annual outgoing costs of running Story Boomerang. Your spreadsheet should be configured such that the working hours, hourly rates, and fixed and utility costs can be varied easily. Document your findings in your ePortfolio page (approximately 100 words). Obtaining Books Throughout the day, customers come to Story Boomerang to buy books, and occasionally to sell ...

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Solutions

Throughout The Day, Customers Come To Story Boomerang To Buy Books, And Occasionally To Sell Them.

When People Bring In Books To Sell To Story Boomerang, The Staff Member On Duty Will Review The Books And

Make An Offer For Each One Individually.

Currently, The Process For Determining How Much The Book Shop Will Pay For A Book Is Entirely Subjective.

Staff Members Offer An Amount Per Book Based On The Quality Of The Book, And How Popular They Think It Is,

The Sale Amount Is Always Simply Double The Amount Paid And Is Set At The Same Time - If Story Boomerang

Pays $3.00 For A Book, They Will Put It On Sale With A Marked Price Of $6.00.

(Story Boomerang Does Not Deal In Rare Or Antique Books)

For Several Months, Staff Have Been Keeping Track Of The Date And Time, Quality, Publication Year And

Amount Paid For Each Book In A Spreadsheet. This Spreadsheet Is Available For Download On Moodle.

Anne And Blanche Are The Semi-Retired Co-Owners Of The Bookshop, And Do Not Take A Salary.

Celeste, However, Is A Part-Time Employee, With Total Employment Costs Of $22 Per Hour. Celeste Is Also

Entitled To Four Weeks Of Paid Annual Leave, During Which A Casual Replacement Is Required At A Cost Of $33

Per Hour.

Fixed Costs Such As Rent And Insurance Are $2900 Per Year, And Utilities Costs Are $140 Per Month.

Costs Of Running Story Boomerang.

Your Spreadsheet Should Be Configured Such That The Working Hours, Hourly Rates, And Fixed And Utility Costs

OR

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