Analysis of Wearable Device Adoption and Club Financials

This assignment involves a detailed analysis of the wearable device adoption model using Technology Acceptance Model (TAM) and Technology Transfer Function (TTF), as well as a comprehensive examination of club financials. The data provided includes information on peak and off-peak members, total paid fees per club, and overall income from different locations. The assignment requires the application of various formulas to calculate these values and present them in a clear and organized manner. The results are presented in multiple figures and charts, providing a visual representation of the data. This assignment is essential for students studying business, finance, or related fields, as it helps develop skills in financial analysis, data interpretation, and presentation.

Running head: X-FIT CHAIN GYMS SPREADSHEET REPORT
X-Fit Chain Gyms Spreadsheet Report
Name of student
Name of University
Student Number
Submission Date
Author’s Note

1X-FIT CHAIN GYMS SPREADSHEET REPORT
Table of Contents
1. Introduction..............................................................................................................................2
2. Presentation & Explanation of Business Data..........................................................................2
3. Benefits of Microsoft Office to Business Productivity..........................................................15
3.1. Microsoft Word...................................................................................................................16
3.2. Microsoft Excel...................................................................................................................16
3.3. Microsoft PowerPoint.....................................................................................................17
4. Technological Advancements for Business...........................................................................17
4.1 Productivity:.........................................................................................................................17
4.2 Collaboration:.......................................................................................................................18
4.3 Resourcing:..........................................................................................................................18
5. Conclusion..............................................................................................................................19
6. References..............................................................................................................................20
7. Appendix................................................................................................................................22

2X-FIT CHAIN GYMS SPREADSHEET REPORT
1. Introduction
X-Fit Chain Gym has branches in Enfield, Shoreditch, Deptford, Wembley, Peckam that
are located in London. As an accountant in X-Fit chain of gyms, the question that could be raised
is that “What is the Gross Income that the club has achieved with the offer that they provide in
the peak and off peak season for a membership. Is the business actually making any kind of
profit?” Thus, the study will be done based on this concern and provide steps by step procedure
for the report. The report will give the presentation about the membership numbers and fees of
the month of January 2018 that contains the complete information about the income that the
company achieve and give a brief explanation about the financial situation of the business. In the
next section, it will discuss about the benefits of the Microsoft Office for the Productivity of the
Business. Finally, the report will contain the three technological advancements for increasing the
productivity.
2. Presentation & Explanation of Business Data
Report Sheet:

3X-FIT CHAIN GYMS SPREADSHEET REPORT
Figure 1: Table of January 2018
Data View:
Figure 2: Insert date
Formula View:
Figure 2.1: Formula to insert date
Data View:

4X-FIT CHAIN GYMS SPREADSHEET REPORT
Figure 3: Number of Peak and Off-Peak Members
Formula View:
Figure 3.1: Formula for Total Number of Peak Members
Figure 3.2: Formula for Total Number of Off-Peak Members
Data View:

5X-FIT CHAIN GYMS SPREADSHEET REPORT
Figure 4: Peak Members Total Paid Fees per Club
Formula View:

6X-FIT CHAIN GYMS SPREADSHEET REPORT
Figure 4.1: Formula Total Paid Fees for Peak Members per Club
Data View:
Figure 4.2: Total Paid Fees for Peak Members
Formula View:
Figure 4.3: Formula for Total Paid Fees for Peak Members
Data View:

7X-FIT CHAIN GYMS SPREADSHEET REPORT
Figure 5: Off-Peak Members Total Paid Fees per Club
Formula View:
Figure 5.1: Formula for Off-Peak Members Total Paid Fees per Club

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Data View:
Figure 5.2: Total Paid Fees for Off-Peak Members
Formula View:
Figure 5.3: Formula for Total Paid Fees for Off-Peak Members
Data View:

9X-FIT CHAIN GYMS SPREADSHEET REPORT
Figure 6: Total Paid Fees Per Club
Formula View:
Figure 6.1: Formula for Total Paid Fees Per Club

10X-FIT CHAIN GYMS SPREADSHEET REPORT
Data View:
Figure 6.2: Club Total Paid Fees
Formula View:
Figure 6.3: Formula for Club Total Paid Fees

11X-FIT CHAIN GYMS SPREADSHEET REPORT
Data View:
Figure 7: Club running at profit or loss
Formula View:
Figure 7.1: Formula for Club running at profit or loss

12X-FIT CHAIN GYMS SPREADSHEET REPORT
Data View:
Figure 7.2: Business Overall Income
Formula View:
Figure 7.3: Formula for the Overall Income of the club from different location using IF function

13X-FIT CHAIN GYMS SPREADSHEET REPORT
Data View:
Figure 8: Report of January 2018 with Data in currency £
Formula View:

14X-FIT CHAIN GYMS SPREADSHEET REPORT
Figure 8.1: steps for currency format cell
Data View:
Figure 9: Total Paid Peak Fees per club vs Club Location
Pie Chart View:

15X-FIT CHAIN GYMS SPREADSHEET REPORT
Data View:
Figure 10: Total Paid Off Peak Fees per club vs Club Location
Pie Chart View:

16X-FIT CHAIN GYMS SPREADSHEET REPORT
From the report of January 2018, it has found that the business is financially in profit for a total
amount of £ 140892. The interesting thing that has seen while delivering the report is that during
the Peak season each of the club are in profit for a total amount of £ 1025440. As per the data,
the highest profit has achieved by the club of Shoreditch location in both the Peak and Off-Peak
season for a total amount of £ 3761114. Thus, in overall out of five locations Shoreditch,
Deptford and Wembley were running at a profit whereas Enfield and Peckam were running at a
loss. However, when the final report was completed, it is seen that the X-Fit Chain Gym is still
running at a profit.
3. Benefits of Microsoft Office to Business Productivity
Microsoft Office is a business software that helps in easy collaboration, going mobile, provide
facilities to cloud based storage, corporate social network, and provides a real-time
communication. It contains Words, PowerPoint, Excel, Access, OneNote, Publisher, and Outlook
as a business tools. Microsoft’s business has a large percentage of Office software.
3.1. Microsoft Word
Microsoft Word is a software for word processing. It helps to create professional look for official
documents such as forms, letters, drafts, books, reports, booklets, brochures, cover pages, notes
and web pages that can be used to print and publish. It is the most productive application for
professional to create documents for a work place. It contains some template function that
download bills, cash memo, sample of letterhead, receipts, joining letter and various
management related type of work. Other than any word processing software, Microsoft Word is
very easy and even productive for business works. In any business the user can easily create their

17X-FIT CHAIN GYMS SPREADSHEET REPORT
business relate documents with the use of Microsoft Word. The businesses can upload their
documents or make changes from their own website (Contractor, Dhanaraj and Kumar 2015).
Microsoft word even work as a search engine where user can search related words anytime when
it is connected to internet. While working with any kind of project and document, Microsoft
word is helpful for the team members to collaborate with each other from anywhere at any time
but only when the application is use online (Hu et al. 2016). Thus, using Microsoft Word online
reduces the cost in business work and helps the team members to connect from anywhere. For
some user internet connection is not always possible, in that case Microsoft Word can access
files offline and the data get collected in the cache of local device.
3.2. Microsoft Excel
Microsoft Excel is a platform to perform analysis, calculation, data visualization and
information. The application is a very important workplace for business system to organize and
process data and information using formulas of rows and columns. The business users can do
calculations like financial, mathematical, logical, data analysis, data manipulation and visualize
the information. Microsoft Excel is very productive for big or small companies and business
owner (Fields and Middleton 2015). The application is useful in business operations like team
management, goal setting, account management, budgeting process, calculation of income and
expenses, client’s data management, planning, and valuation of product and services. In
business, Microsoft Excel are used on daily official operations to get predictable, faster and
accurate features like charts, filters, pivot tables, logical and financial formulas, and conditional
formulas (Templ and Todorov 2016). With the implementation of IF formula thousands of logic
can be created in the business calculation. In above figure it can be seen the basic income and
expenses report of the month of January 2018. The column above used this formula: =IF

18X-FIT CHAIN GYMS SPREADSHEET REPORT
(G15>=258000,” Profit”,” Loss”) make changes in this portion. Users can use even templates
such as Marketing Campaign tracker, VAT Invoice, break even analysis and many more in their
business calculation.
3.3. Microsoft PowerPoint
Microsoft PowerPoint is used to create a marketing plan, system, processes, business plan,
organizational structure and execution strategies for any business (Imran, Sharif and Batool
2015). It provides options that specify the most important text or data to present in a meetings or
seminar through slides one by one. It helps to create organizational chart and processes, animated
marketing video, and animated product and service related movies.
4. Technological Advancements for Business
The way to do a business changes with continuous technology evaluation. Here are three
technological advancements to increase the productivity in the world of business.
4.1 Productivity: Use of an Interactive Virtual Bulletin Board Kiosk at the front entryways
carry out all notices from the fellow gym members, employees, local event organizers and local
businesses (Anthes et al. 2016). With the use of this electronic bulletin board, lost and found
items at the gym, daily activities, information for referral program, upcoming events, gym
specials, weight loos meetings, staff introductions, and many more will be added to make the
interactive easier for the members (Yuan et al. 2015). The feature setup for the kiosks increase
the awareness and participation at the entrance for every members. The gym members would
love being treated with the best technology at the time of their workout (Schäfer et al. 2016).
Kiosks as an item is a perfect setting for overall quality and modernization of the gym. Kiosks
allow the visitors to sign up for classes, fill the membership forms, track fitness activities, submit

19X-FIT CHAIN GYMS SPREADSHEET REPORT
answers of customer satisfaction survey and set some fitness routine or activities or meals that
they can try at home or at gym. All this will be accomplished within a secure Kiosk system
software.
4.2 Collaboration: Today technology has offered various connectivity options in a situation
where the person might not be available physically in the club (Chang, Lee, and Ji 2016).
Suppose for example, due to some reason the trainer is not available in the club. In that case,
technology has provided a number of options for connectivity like teleworking arrangements, he
or she can easily interact with the clients and the team to collaborate and continue with the
training. Options are available for either real-time or non-real time interaction that allow access
to tools and features that can be used in different ways. Today cloud based collaboration is the
most effective tools available in the form of advance technology (Ahmad and Waheed 2015).
4.3 Resourcing: Productivity changes in the way the businesses are resourced. The most
effective keys used for resourcing is:
Cloud Computing: These resources has a broad range of hardware, software applications and
requirements for infrastructure in the storage and power of processing so that it can get accessed
online (Calabrese and Cannataro 2015). The business can use this technology to store their
fitness data and check through it online anytime from anywhere and improve them accordingly.
5. Conclusion
With the study done on this report, it has concluded that better use of advance technology
increases the standard of life style and work place. It gives better health plus great productivity.
Collaboration with the manager and team has also help in connecting people and more members
to join the membership. As an accountant, while making the report of the January month, the

20X-FIT CHAIN GYMS SPREADSHEET REPORT
interesting thing that was seen in the report was that in overall the club has gain profit by the end
of the month. Since three of the location has benefited in both the peak and off-peak season. It
has now become essential for the rest of the location also to get the benefit in the same manner.
Thus, it is recommended to implement new and advance technology regarding the fitness in the
gym to improve the quality and productivity of the business.

21X-FIT CHAIN GYMS SPREADSHEET REPORT
6. References
Ahmad, T. and Waheed, M., 2015. Cloud computing adoption issues and applications in
developing countries: a qualitative approach. Int. Arab J. e-Technology, 4(2).
Anthes, C., García-Hernández, R.J., Wiedemann, M. and Kranzlmüller, D., 2016, March. State
of the art of virtual reality technology. In Aerospace Conference, 2016 IEEE (pp. 1-19). IEEE.
Calabrese, B. and Cannataro, M., 2015. Cloud computing in healthcare and biomedicine.
Scalable Computing: Practice and Experience, 16(1), pp.1-18.
Chang, H.S., Lee, S.C. and Ji, Y.G., 2016. Wearable device adoption model with TAM and TTF.
International Journal of Mobile Communications, 14(5), pp.518-537.
Contractor, F., Dhanaraj, C. and Kumar, V., 2015. Leveraging India: Strategies for global
competitiveness. Management International Review, 55(2), pp.159-179.
Fields, E. and Middleton, B., 2015. Rapid-fire business intelligence. White Paper, pp.1-14.
Hu, T., Xiao, H., Luo, J. and Nguyen, T.V.T., 2016, March. What the Language You Tweet Says
About Your Occupation. In ICWSM (pp. 181-190).
Imran, M., Sharif, S. and Batool, F., 2015. Evaluating the Constructive or Destructive Role of
PowerPoint in Accounting Education. Journal of Accounting and Finance in Emerging
Economies, 1(2), pp.69-86.
Mohammed, F., Alzahrani, A.I., Alfarraj, O. and Ibrahim, O., 2018. Cloud Computing Fitness
for E-Government Implementation: Importance-Performance Analysis. IEEE Access, 6,
pp.1236-1248.

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Schäfer, K., Rasche, P., Theis, S., Bröhl, C., Wille, M., Schlick, C.M., Jakobs, E. and Mertens,
A., 2016. Age-related Shift in Adoption and Use of Information and Communications
Technology. In Proceedings 2016 9th International Conference on Human System Interactions
(HSI). Google Scholar.
Templ, M. and Todorov, V., 2016. The Software Environment R for Official Statistics and
Survey Methodology. Austrian Journal of Statistics, 45(1), pp.97-124.
Yuan, S., Ma, W., Kanthawala, S. and Peng, W., 2015. Keep using my health apps: Discover
users' perception of health and fitness apps with the UTAUT2 model. Telemedicine and e-
Health, 21(9), pp.735-741.

23X-FIT CHAIN GYMS SPREADSHEET REPORT
7. Appendix
Report Sheet:
Figure 1: Table of January 2018
List of Data View:
Figure 2: Insert date
Figure 3: Number of Peak and Off-Peak Members
Figure 4: Peak Members Total Paid Fees per Club
Figure 4.2: Total Paid Fees for Peak Members
Figure 5: Off-Peak Members Total Paid Fees per Club
Figure 5.2: Total Paid Fees for Off-Peak Members
Figure 6: Total Paid Fees Per Club
Figure 6.2: Club Total Paid Fees
Figure 7: Club running at profit or loss
Figure 7.2: Business Overall Income
Figure 8: Report of January 2018 with Data in currency £
Figure 9: Total Paid Peak Fees per club vs Club Location ( Pie Chart View)
Figure 10: Total Paid Off Peak Fees per club vs Club Location ( Pie Chart View)

24X-FIT CHAIN GYMS SPREADSHEET REPORT
List of Formula View:
Figure 2.1: Formula to insert date
Figure 3.1: Formula for Total Number of Peak Members
Figure 3.2: Formula for Total Number of Off-Peak Members
Figure 4.1: Formula Total Paid Fees for Peak Members per Club
Figure 4.3: Formula for Total Paid Fees for Peak Members
Figure 5.1: Formula for Off-Peak Members Total Paid Fees per Club
Figure 5.3: Formula for Total Paid Fees for Off-Peak Members
Figure 6.1: Formula for Total Paid Fees Per Club
Figure 6.3: Formula for Club Total Paid Fees
Figure 7.1: Formula for Club running at profit or loss
Figure 7.3: Formula for the Overall Income of the club from different location using IF function
Figure 8.1: Steps for currency format cell