Snick's Board Shop has several questions for you that Excel can help answer. The company is planning for the future and would like you to prepare a present value analysis. Using the file ch7-10, complete a present value analysis for the following situations save the file as ch7-10_student_name (replacing student name with your name). Print both a Value view and Formula view of this completed worksheet. They would like to know the following:
a. How much they would have to pay at the end of each year, assuming a 12 percent rate of return, to yield $80,000 at the end of 6 years.
b. How much they would have at the end of 6 years if they invested $73,500 today, earning 10 percent per year.
c. How much they would have at the end of 6 years if they invested $1,850 at the end of each year, earning 11 percent per year.
d. How much they would have to invest today to have $25,100 in 6 years, earning 9 percent per year.

Snick's Board Shop is trying to better understand the behavior of their utility expenses. They have accumulated utility expenses over the last 10 months and believe hours open per month are a good predictor of expense behavior. Utility expenses include electricity, gas, and water. Use the file ch7-l 1 to complete a cost prediction worksheet. Save the file as ch7-l l_student name (replacing student_ name with your name). The worksheet should do the following:
1. Using the Hi-Lo method, calculate variable cost per unit sold, fixed costs, and a prediction of utility expense when they are open 210 hours in a month.
2. Using the Least Squares/Regression method, calculate variable cost per unit sold, fixed costs, and a prediction of utility expense when they are open 210 hours in a month.
3. Display a chart of selling expense/units sold with a trend line. (Be sure to modify each axis so your scatter diagram is better displayed, as you did earlier in this chapter.)
During a recent year, Snick's Board Shop had sales on account of $45,000, collections of $45,500, write-offs of $600, a beginning balance in accounts receivable of $5,000, and a beginning balance in the allowance for uncollectible accounts of $300. At year end $2,600 of accounts receivable were current, $700 were 0-30 days past due, $300 were 31-60 days past due, $200 were 61-90 days past due, and $100 were over 90 days past due. The company believes 1.4 percent of sales will not be collected. They also have experience suggesting that 3 percent of all current receivables, 11 percent of receivables 0-30 days past due, 16 percent of receivables 31-60 days past due, 25 percent of receivables 61-90 days past due, and 50 percent of receivables over 90 days past due will not be collected. Using the file ch7-12, complete the allowance for uncollectible accounts analysis for both standard methods. Save the file as ch7-12_student_name (replacing student_ name with your name). Print both a Value view and Formula view of this completed worksheet.