The Profitable Artist: Chapters 3&4

Q: Why is it important for artists to learn about finance and all the terms?

A: It is important for artists to learn about finance because it helps the artist keep on top of the their business and prevents any financial issues that could come along without having a solid understanding of how a business operates. 

                                                                                                           
Q: Make a sample invoice sheet for you and a client over a past artwork that you have done.

Different sheet

Q:After graduation, you are commissioned to make a piece annually for Monet Inc. at a monthly salary of $4000 starting June 1st. On their invoice for May, however, you are not shown on their invoice sheet. Why is that?

A:Since you have no started creating the work for them in may, they do not have a reason to create a receipt for you work.

Q: Provide examples of current variable costs for you this semester.

A: Current variable costs for myself this semester are …

1.   Masonite – used for building painting surface

2.   1x2’s – used for building painting surface

3.   Paints

4.   Liquin

5.   Turpentine

6.   Gesso

7.   Brushes

Invoice:

Invoice # 100                                                                                    4 Meadowood Road

Date 2/9/2014                                                                        Jackson, NJ, 08532

Job  Paintings                                                                                    xxx-xxx-xxxx

Customer Jane Doe

                  123 Main Street

                  NY, NY 10001

Quantity	Description	Price per item	price
1	Oil on paper	Paper - $5.00 Oils - $25.00 Hours – $45.00 Framing – $35.00	$120
1	Oil on canvas	Canvas and prep – $100 Oils – $ 50.00 Hours - $ 150.00	$300
			=

                                                                                    INVOICE TOTAL -   $420

Project notes:

            Project completed 1/25/2014