Spreadsheet Models : Burger Stall Thursday, 26 May 2016 Burger Stall Model Making money!! (For charity so that’s ok)

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Presentation transcript:

Spreadsheet Models : Burger Stall Thursday, 26 May 2016 Burger Stall Model Making money!! (For charity so that’s ok)

Spreadsheet Models : Burger Stall Thursday, 26 May 2016 Objectives WALT WALTBuild and use financial models WILF Using basic formulas Using formatting to aid model

Spreadsheet Models : Burger Stall Thursday, 26 May 2016 Profit Profit = income – costs Income is money for selling the burgers number sold x price Costs are paying for the bits to make the burgers

Spreadsheet Models : Burger Stall Thursday, 26 May 2016 Costs What do you need to pay for? Set up a section of you model called ‘costs’ Fill in items and prices Use a formula to work out total costs.

Spreadsheet Models : Burger Stall Thursday, 26 May 2016 Income How much will you charge? Have a cell for ‘number sold’ Set up a cell for selling price Use a formula to work out total income.

Spreadsheet Models : Burger Stall Thursday, 26 May 2016 Profit Profit = income – costs Use a formula to work out profit How much money do you make if 50 burgers sold? 100, 150, 200, 250 … Make a table of sold vs profit, turn it into a graph.

Spreadsheet Models : Burger Stall Thursday, 26 May 2016 Extending the model What else could you sell? What other costs might you incur? Could some values be conditionally formatted? What validation could you use? Break even analysis?