Excel Applications for Accounting Principles
4th Edition
ISBN: 9781111581565
Author: Gaylord N. Smith
Publisher: Cengage Learning
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For this problem, there are 10 future value and present value exercises to be solved. Review the printout of the worksheet file COMPOUND that follows these requirements. This file also contains a second sheet called the Answer Sheet. Note that the worksheet is divided into four sections. You have to decide which section is appropriate for each exercise.
Open the file COMPOUND from the website for this book at cengagebrain.com. To enter the four formulas in the appropriate cells, use the FV and PV functions for the annuities (see Appendix A in Excel Quick for a discussion of them). Unfortunately Excel does not provide functions for the future value of an amount nor the present value of an amount. Enter the following formulas for FORMULA1 and FORMULA2:
FORMULA1: =B6*((1+B8)^B7) FORMULA2: =E6/((1+E8)^AE7)
For the annuity calculations (FV and PV), it is important that you enter a value (or cell reference) for type to indicate the timing of the first payment. If the first payment is made…
Hey there.The question is in the attached document. Can you please answer this question in a spreadsheet-like manner and show the formulas?It's only through the formulas that I can truly understand and learn from your work.Please note that the question has five subparts. If you want, please deduct five questions from my total amount of 30 questions to be asked.I am looking forward to hearing from you.
Please note: You can draw your trees either by hand on paper or in Excel. If you do it on a
paper, please take a picture of the tree and insert it in your solution file. You can submit
your solution as an Excel file or Word document. In either case, your solution should
contain your decision trees and all necessary calculations (not just the results of
calculations).
Problem 1. The WHN Company
Problem.
The WHN Company is going to introduce one of the three new products: a widget, a hummer, or a nimnot. The market
condition could be favorable, stable, or unfavorable with the probabilities 0.2, 0.5, and 0.3 respectively. The monetary
outcomes for each product under each condition are described in the following table:
Unfavorable
$120,000 $70,000 -875,000
$40,000 $20,000
$30,000 $30,000
Favorable
Stable
Widget
Hummer $60,000
Nimnot $35,000
Create a decision tree to identify which new product should be introduced in order to maximize the company's profit?
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- Further info is in the attached images For the Excel part of the question give the solutions in the form of the Excel equations. Please and thank you! :) Download the Applying Excel form and enter formulas in all cells that contain question marks. For example, in cell B34 enter the formula "= B9". After entering formulas in all of the cells that contained question marks, verify that the dollar amounts match the example in the text. Check your worksheet by changing the beginning work in process inventory to 100 units, the units started into production during the period to 2,500 units, and the units in ending work in process inventory to 200 units, keeping all of the other data the same as in the original example. If your worksheet is operating properly, the cost per equivalent unit for materials should now be $152.50 and the cost per equivalent unit for conversion should be $145.50. Thank you!arrow_forwardPlease use the workbook page, it has the steps on how to solve the problems.arrow_forwardAnswer the following questions in a separate document. Explain how you reached the answer or show your work if a mathematical calculation is needed, or both. Submit your assignment using the assignment link. This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your professor for any additional instructions. Please respond to the following: You have just won the Strayer Lottery jackpot of $11,000,000. You will be paid in 26 equal annual installments beginning immediately. If you had the money now, you could invest it in an account with a quoted annual interest rate of 9% with monthly compounding of interest. What is the present value of the payments you will receive? In your own words and using various bond websites, locate one of each of the following bond ratings: AAA, BBB, CCC, and D. Describe the differences between the bond ratings. Identify the…arrow_forward
- You are provided with the following information. Please give me the answers in an excel format.arrow_forwardBelow you will see three sets of inputs. After inputting all of your formulas, you should be able to use any of these sets of data and have the answers automatically update within excel. Please choose one of the data sets below and input all of the necessary formulas to find the answers. Once you are done, choose a different data set, enter it into your spreadsheet, and check the updated answers to ensure that everything is flowing through the formulas appropriately. A check answer for each one has been provided. Data set #1 Data Section: Actual and Budgeted Unit Sales: April 1,500 May 1,000 June 1,600 July 1,400 August 1,500 September 1,200 Balance Sheet, May 31, 19X5 Cash $8,000 Accounts Receivable 107,800 Merchandise Inventory 52,800 Fixed Assets (net) 130,000 Total assets $298,600 Accounts Payable (merchandise) $74,800 Owner's equity 223,800 Total liabilities & equity $298,600 Average selling price $98 Average purchase cost per unit $55 Desired ending inventory (% of next…arrow_forwardThe question is asked to prepare 10 coulmn worksheetarrow_forward
- Work the problem out by hand on a piece of paper so that you know what the answers should be. All dollar amounts (except EPS) should end in ",000" The schedule and statment in your output should compute mathematically from TOP to Bottom, so check and make sure that's the case Math Example: If A - B = C, then A - C = B and A = B + C Prepare an output section that produces the following items: 1) "COGS Schedule", 2) "Income Statement", and 3) "Retained Earning Statement". The reporting period is for the calendar year of 2023. The output items should be placed on a separate 'sheet' (the heading "... OUTPUT SECTION ..." should be centered over all columns to which it relates: [A1..G1]). Naming of the output 'sheet' should be "OUTPUT". No number (dollar amount, shares, or percentage) or company name should be typed (hard coded) directly into any cell in the output section, as this would prevent your output from being correct when the input is changed. Instead, the output section must…arrow_forwardThe instructions for this practice worksheet are in the first picture (2 word document) - the second picture has the excel worksheet to input answers. I’m having a difficult time understanding how to do this - thank you!arrow_forwardI will send two exercises because you will need the EX 6-5 to complete the second exercise, I need only the EX 6-6 , please and thank you!arrow_forward
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