# ch7-04_ch7-05_ch7- 06_Three Accounting questions

\$20.00

Category:

## Description

 Ques_1 Kelly’s Boutique has several questions for you that Excel can help answer. Kelly is planning for the future and would like you to prepare a present value analysis. Using the file ch7-04 complete a present value analysis for the following situations. Save the file as ch7-04_student_name (replacing student_name with your name). Print both a Value view and Formula view of this completed worksheet. Kelly would like to know the following: a. How much she would have to pay at the end of each year, assuming a 7 percent rate of return, to yield \$100,000 at the end of 10 years. b. How much she would have at the end of 10 years if she invested \$65,000 today, earning 5 percent per year. c. How much she would have at the end of 10 years if she invested \$6,325 at the end of each year, earning 9 percent per year. d. How much she would have to invest today to have \$154,324 in 10 years, earning 12 percent per year. Ques_2 Kelly has a very fluctuating workforce based on seasonal demand. She’s ranged from having 10 employees in one month to 32 employees in another month. Some employees are paid a salary, others are paid hourly. She would like to know more about how these costs behave. Use the file ch7-05 to complete a cost prediction worksheet. Save the file as ch7-05_student_name (replacing student_name with your name). The worksheet should do the following: a. Calculate variable cost per employee, fixed costs, and a prediction of payroll cost with 22 employees using the Hi-Lo method. b. Calculate variable cost per employee, fixed costs, and a prediction of payroll cost with 22 employees using the Least Squares/Regression method. c. Display a chart of payroll/employees with a trend line. (Be sure to modify each axis so your scatter diagram is better displayed, as you did earlier in this chapter) Ques_3 During a recent year Kelly’s Boutique had sales on account of \$6,000,000, collections of \$5,800,000, write-offs of \$45,000, a beginning balance in accounts receivable of \$500,000, and a beginning balance in the allowance for uncollectible accounts of \$37,000. At year end, \$580,000 of accounts receivable were current, \$39,000 were 0-30 days past due, \$18,000 were 31-60 days past due, \$10,000 were 61-90 days past due, and \$8,000 were over 90 days past due. The company believes .6 percent of sales will not be collected. They also have experience that suggests that 1 percent of all current receivables, 8 percent of receivables 0-30 days past due, 20 percent of receivables 31-60 days past due, 25 percent of receivables 61-90 days past due, and 50 percent of receivables over 90 days179180past due will not be collected. Using the file ch7-06, complete the allowance for uncollectible accounts analysis for both standard methods. Save the file as ch7- 06_student_name (replacing student_name with your name). Print both a Value view and Formula view of this completed worksheet.

## Reviews

There are no reviews yet.

# ch7-04_ch7-05_ch7- 06_Three Accounting questions

\$20.00

Category:

## Description

 Ques_1 Kelly’s Boutique has several questions for you that Excel can help answer. Kelly is planning for the future and would like you to prepare a present value analysis. Using the file ch7-04 complete a present value analysis for the following situations. Save the file as ch7-04_student_name (replacing student_name with your name). Print both a Value view and Formula view of this completed worksheet. Kelly would like to know the following: a. How much she would have to pay at the end of each year, assuming a 7 percent rate of return, to yield \$100,000 at the end of 10 years. b. How much she would have at the end of 10 years if she invested \$65,000 today, earning 5 percent per year. c. How much she would have at the end of 10 years if she invested \$6,325 at the end of each year, earning 9 percent per year. d. How much she would have to invest today to have \$154,324 in 10 years, earning 12 percent per year. Ques_2 Kelly has a very fluctuating workforce based on seasonal demand. She’s ranged from having 10 employees in one month to 32 employees in another month. Some employees are paid a salary, others are paid hourly. She would like to know more about how these costs behave. Use the file ch7-05 to complete a cost prediction worksheet. Save the file as ch7-05_student_name (replacing student_name with your name). The worksheet should do the following: a. Calculate variable cost per employee, fixed costs, and a prediction of payroll cost with 22 employees using the Hi-Lo method. b. Calculate variable cost per employee, fixed costs, and a prediction of payroll cost with 22 employees using the Least Squares/Regression method. c. Display a chart of payroll/employees with a trend line. (Be sure to modify each axis so your scatter diagram is better displayed, as you did earlier in this chapter) Ques_3 During a recent year Kelly’s Boutique had sales on account of \$6,000,000, collections of \$5,800,000, write-offs of \$45,000, a beginning balance in accounts receivable of \$500,000, and a beginning balance in the allowance for uncollectible accounts of \$37,000. At year end, \$580,000 of accounts receivable were current, \$39,000 were 0-30 days past due, \$18,000 were 31-60 days past due, \$10,000 were 61-90 days past due, and \$8,000 were over 90 days past due. The company believes .6 percent of sales will not be collected. They also have experience that suggests that 1 percent of all current receivables, 8 percent of receivables 0-30 days past due, 20 percent of receivables 31-60 days past due, 25 percent of receivables 61-90 days past due, and 50 percent of receivables over 90 days179180past due will not be collected. Using the file ch7-06, complete the allowance for uncollectible accounts analysis for both standard methods. Save the file as ch7- 06_student_name (replacing student_name with your name). Print both a Value view and Formula view of this completed worksheet.

## Reviews

There are no reviews yet.