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using microsoft excel
Using Microsoft Excel and Access 2016 for Accounting 5th edition Glenn Owen - Solutions
Kelly€™s Boutique owned the following fixed assets as of December 31, 2018:You are to create a fixed asset depreciation summary and individual depreciation worksheets for Kelly€™s Boutique using the straight-line depreciation method based on the information tabulated above. Be
Describe the Excel functions used in the Least Squares/Regression method of predicting costs.
The Wine Depot owned the following fixed assets as of December 31, 2018:You are to create Wine Depot€™s fixed asset depreciation summary and individual depreciation worksheets using the straight-line depreciation method and based on the information in the preceding table. Be sure to pay
Snick€™s Board Shop owned the fixed assets shown below as of December 31, 2018:You are to create Snick€™s fixed asset depreciation worksheets using the straight-line depreciation method and based on the information in the preceding table. No summary sheet is required. Individual
Rosey€™s Roses owned the fixed assets shown below as of December 31, 2019:This assignment has no beginning student file. You are to create Rosey€™s fixed asset depreciation worksheets using the straight-line depreciation method and based on the information in the preceding
What function is used to calculate a loan payment?
What arguments does the loan payment function take?
Why does the payment function result in a negative number?
What does a loan amortization schedule do?
Describe the formula for computing interest expense each period for a loan.
What function is used to calculate bond proceeds, and what arguments does that function take?
Describe the formula computing interest expense each period for a bond.
Describe the goal seek process
Describe the Scenario Manager.
Create a new What SUP Loan Amortization ScheduleUsing the ch5-03 file to start your work, create a worksheet (similar to the one created in this chapter) that calculates the required annual payment for an $850,000, 7-year loan at 5 percent and includes a loan amortization schedule. (Be sure to use
Create a new What SUP Bond Amortization ScheduleUsing the ch5-04 file to start your work, create a worksheet (similar to the one created in this chapter) that calculates the bond proceeds for a $2,500,000, 10-year, 4 percent stated interest bond issued when the market interest rate is 5 percent.
Kelly’s Boutique is contemplating several alternative means of financing an expansion. One alternative is to borrow $425,000 from a local bank; another alternative is to borrow this amount from investors by issuing bonds. Both alter-natives involve a 5-year debt period. Modify the workbook file
Wine Depot is considering several alternative means of financing an expansion.One alternative is to borrow $500,000 from a local bank, but another alternative is to borrow this amount from investors by issuing bonds. Both alternatives involve a 3-year debt period with quarterly payments. Modify the
Snick’s Board Shop is considering several alternative means of financing an expansion. One alternative is to borrow $65,000 from a local bank, but another alternative is to borrow this amount from investors by issuing bonds. Both alter-natives involve a 2-year debt period with monthly payments.
Rosey’s Roses is considering several alternative means of financing an expansion. One alternative is to borrow $100,000 from a local bank, but another alter-native is to borrow this amount from investors by issuing bonds. Both alternatives involve a 10-year debt period with annual payments.
What information is provided in the operating cash receipts portion of the cash budget?
What information is provided in the operating cash payments portion of the cash budget?
What factors determine monthly purchases in the cash budget?
How is the goal seeking feature used in this chapter?
Create a new What SUP Operating Cash Receipts BudgetUsing the ch6-02 file to start your work, create a worksheet similar to the one created in this chapter to budget operating cash receipts by month for 3 months. Place assumption information in the cells provided, and define and use names
Describe the Excel functions used in the Hi-Lo method of predicting costs.
Create a new What SUP Operating Cash Payments BudgetUsing the ch6-03 file to start your work, create a worksheet similar to the one created in this chapter to budget operating cash payments by month for 3 months. Place assumption information in the cells provided, and define and use names
Kelly’s Boutique is contemplating several means of financing their acquisition of $200,000 in special equipment. One alternative is to borrow $200,000 from a local bank for 10 years at 12 percent per annum. The bank has asked them to produce a 1-year cash budget broken down by quarters. Sales of
The Wine Depot is contemplating several alternative means of financing their annual acquisition of $70,000 in equipment. One option is to borrow $300,000 from a local bank for 5 years at 11 percent per annum. The bank has asked them to produce a 4-year cash budget broken down by year (Year 1
Snick’s Board Shop is contemplating several alternative means of financing their acquisition of $350,000 in new equipment in year 1. One option is to borrow $300,000 from a local bank. The bank has asked them to produce a 3-year cash budget broken down by year (Year 1, 2, and 3). Sales in the
Rosey’s Roses is contemplating several alternative means of financing their acquisition of $100,000 in new equipment in year 1. One option is to borrow $80,000 from a local bank. The bank has asked them to produce a 3-year cash budget broken down by year (Year 1, 2, and 3). Sales of $250,000
Identify the five variables in present value problems.
Describe the PV function in Excel and its arguments.
Describe the PMT function in Excel and its arguments.
Describe the FV function in Excel and its arguments.
In the last chapter you created some forms for the Rosey€™s Roses. Now the company would like you to help it create some reports to extract information from the database. Make the following changes using the ch12-06_student_name file you created in Chapter 12. Open your
What is the recommended procedure for printing a workbook or worksheet?
Explain how information is entered into an Excel worksheet.
You are to create a financial analysis for Rosey’s Roses as of December 31, 2022, and December 31, 2023. Following the Chapter 3 examples, use the student file ch3-07.xls to create a vertical analysis of the balance sheet and income statement as of December 31, 2022, and December 31, 2023—as
You are to create a financial analysis for Snick’s Board Shop as of December 31, 2017, and December 31, 2018. Following the Chapter 3 examples, use the student file ch3-06.xls to create a vertical and horizontal analysis of the balancesheet and income statement in the columns provided. The
You are to create Wine Depot’s financial analyses as of December 31, 2020, and as of December 31, 2021. Following the Chapter 3 examples, use the student file ch3-05.xls to create a vertical and horizontal analysis of the balance sheet and income statement in the columns provided. The horizontal
You are to create Kelly’s Boutique’s financial analyses as of December 31, 2018, and as of December 31, 2019. Following the Chapter 3 examples, use the student file ch3-04.xls to create a vertical and horizontal analysis of the balance sheet and income statement in the columns provided. The
1. Create a Financial Analysis for What SUP, Inc. as of December 31, 2019.You are to create this financial analysis as of December 31, 2019, from the information found on file ch3-02.xls. This file contains three work-sheets, which are labeled Income Statement, Balance Sheet, and Ratios. Following
Which ratios are usually formatted as numbers?
Which ratios are usually formatted as percentages?
Why is the point-and-click method of cell referencing easier than typing references directly into worksheet cells?
What do solvency ratios represent?
What do liquidity ratios represent?
What do profitability ratios represent?
What base amount is used for vertical analysis of a balance sheet?
What base amount is used for vertical analysis of an income statement?
What is another term for vertical analysis?
Rosey€™s Roses is located in Savannah, Georgia, and specializes in the sale of roses. You, as the manager of the business, are curious to see how Excel might help you manage the business and account for its inventory. To that end, you have hired a local college student to construct
Snick’s Board Shop is located in La Jolla, California, and specializes in complete and longboard skateboards and equipment. Owner Casey ‘‘Snick’’ Miller is curious to see how Excel might help him manage the business and account for its inventory. His girlfriend
The Wine Depot, located in Santa Barbara, California, imports and sells high-quality wine from around the world. Owner Barbara Fairfield is curious to see how Excel might help her manage the business and account for its inventory.Her husband, Bud, is the accountant in the family but hasn’t had
Kelly€™s Boutique, located in Pewaukee, Wisconsin, sells a unique combination of books and women€™s shoes. Customers love to peruse her book inventory while trying on the latest in shoe fashions, often buying both books and shoes even though they came in to buy only one type of
1. Create a trial balance for What SUP as of March 31, 2019You are to create a trial balance in a format identical to that created in this chapter. Include a debit and credit column, totals for each column, and appropriate labels and formatting. Start with blank spreadsheet and once you have
How do you change the name of a sheet in a workbook?
Describe the procedure used to insert a column or row into a worksheet.
How do you change a relative reference to an absolute reference?
How does the AutoFill feature of Excel help the worksheet user?
Explain the importance of parentheses in formulas.
Explain the arguments used in the SUM function.
How are formulas written in Excel?
What does the Format Painter tool do?
What does it mean when a cell or cells in a worksheet include a series of # signs?
Identify the difference between labels and values.
What is the quickest way to get help while in Excel?
What is the quickest way to get help while in Excel?
What is the Page Layout view?
How do you modify the Quick Access Toolbar to add the Open command?
Refer to the front matter at the beginning of this text and then identify some new features in the 2016 version of Excel.
Why would you use conditional formatting?
Explain the difference between a worksheet and a workbook.
Describe the nature of the commands found on the File and Home tabs.
Describe the three basic components of the Ribbon.
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