Duluxe Student Spreadsheet (F'23)
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University of Waterloo *
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373
Subject
Finance
Date
Apr 3, 2024
Type
xlsx
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17
Uploaded by PresidentMoonGerbil8
Please note:
Copyright © 2005, by the University of Virginia Darden School Foundation.
This spreadsheet supports STUDENT analysis of the case, "Deluxe Corporation" (Case 31).
This is a working model. Assumptions / Inputs presented can be changed to vary the results. Please press F9 to recalculate results after changing assumptions.
This model contains an intentional circularity. To resolve this circularity, please set Excel to recalculate the model a number of times (20 to 50). See TOOLS/OPTIONS/CALCULATION, and check ITERATION.
Bond Rating
Rating
AAA
AA
A
BBB
BB
B
23.4
13.3
6.3
3.9
2.2
1.0
Estimate of Debt Capacity (for middle range of each rating)
Expected EBIT
$345 $345 $345 $345 $345 $345 $ interest implied (by this rating's EBIT coverage)
$14.74 $25.94 $54.76 $88.46 $156.82 $345.00 Kd
5.47%
5.50%
5.70%
6.30%
9.00%
12.00%
Total debt capacity implied (at this rating)
$270 $472 $961 $1,404 $1,742 $2,875 less: Deluxe existing debt (Exh.3)
$161 $161 $161 $161 $161 $161 $108 $310 $799 $1,243 $1,581 $2,714 ASSUME WE USE THE TOTAL DEBT CAPACITY (implied at this rating):
Aside: Remaining debt capacity before we become BB
$1,473 $1,271 $782 $338 $0 ($1,133)
Tax rate
38%
Cost of equity (Bancorp estimates Exh.8)
BancKe
10.25%
10.35%
10.50%
10.60%
12.00%
14.25%
$2,665 $2,665 $2,665 $2,665 $2,665 $2,665 'Constant Capital' approach
i.e., Extra Debt is swapped for Equity
$2,557 $2,355 $1,866 $1,422 $1,084 ($49)
total D / E (at total debt capacity, at this rating)
10.54%
20.03%
51.49%
98.72% 160.73%
-5923.56%
total D / (D+E)
9.54%
16.69%
33.99%
49.68%
61.65%
101.72%
estimated WACC (Bancorp) 9.60%
9.19%
8.13%
7.27%
8.04%
7.32%
Cost of equity [CAPM]. Non-Bancorp
AAA
AA
A
BBB
BB
B
Rf
4.46%
Market Risk Premium
6.60%
Deluxe Current (levered) equity beta (Exh.1)
0.85
Deluxe Unlevered (asset) beta
0.801
Beta Relevered to new D/E (with buyback)
0.886
0.962
1.214
1.593
2.090
Ke CAPM (with buyback)
10.3%
10.8%
12.5%
15.0%
18.3%
WACC (with buyback)
9.65%
9.57%
9.43%
9.47%
10.44%
Worst-case EBIT
200
200
200
200
200
Interest coverage, at Total debt level implied above
13.6
7.7
3.7
2.3
1.3
Simple DCF, growing perpetuity
AAA
AA
A
BBB
BB
B
2002 estimated. EBIT(1-t)
$214 $214 $214 $214 $214 - (Capex-Depn+inc.NWC)
($2)
($2)
($2)
($2)
($2)
$212 $212 $212 $212 $212 estimated WACC% 9.65%
9.57%
9.43%
9.47%
10.44%
perpetual growth rate in FCFF
2%
est. Intrinsic TEV = PV_FCFF (g%, wacc, perp)
$2,831 $2,859 $2,912 $2,897 $2,565 Less Debt
$270 $472 $961 $1,404 $1,742 estimated intrinsic equity value $2,562 $2,387 $1,951 $1,493 $823 Potential gains to equity from Recap ?
$5 $32 $86 $70 ($261)
Target EBIT interest coverage (
x
) (Exh.6)
Pretax cost of debt (Exh. 8 or 9
)
Available Extra Debt capacity
(at this rating)
Equity, Mkt Value (before
buyback) (Exh.1)
Equity, Market Value after
buyback
FCFF (2002, i.e. current/prior year)
Exh. 1
Page 3
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
Selected Income Statement Information
Net sales
$1,534.4 $1,581.8 $1,747.9 $1,858.0 $1,895.7 $1,919.4 $1,931.8 $1,650.5 $1,262.7 $1,278.4 Operating expenses
$722.2 $739.5 $797.3 $819.4 $862.4 $806.7 $805.9 $688.9 $417.9 $421.1 Profit from operations
$812.2 $842.3 $950.6 $1,038.6 $1,033.3 $1,112.7 $1,125.9 $961.6 $844.8 $857.2 Interest expense
$15.4 $10.3 $11.3 $14.7 $12.0 $9.7 $9.7 $9.5 $10.8 $5.6 Net earnings
$202.8 $141.9 $140.9 $87.0 $65.5 $44.7 $143.1 $203.0 $161.9 $185.9 Common shares, end of year (000s)
83,797
82,549
82,375
82,364
82,056
81,326
80,481
72,020
72,555
64,102
Common shares repurchased (000s)
(2,197)
(1,341)
(1,191)
(1,414)
(1,715)
(1,833)
(9,573)
(48)
(11,332)
(3,898)
Common shares issued (000s)
949
1,167
1,181
1,106
985
988
1,112
583
2,890
1,255
$2.42 $2.09 $1.71 $1.15 $1.65 $2.15 $2.34 $2.64 $2.34 $2.70 Dividend per share
$1.34 $1.42 $1.46 $1.48 $1.48 $1.48 $1.48 $1.48 $1.48 $1.48 Selected Balance Sheet Information
Working capital
$330.9
$386.9
$224.5
$130.4
$12.3
$108.1
$131.0
$167.8
$14.0
$116.6
Net property, plant, & equipment
$389.0
$401.6
$461.8
$494.2
$446.9
$415.0
$340.1
$294.8
$174.0
$149.6
Total assets
$1,199.6
$1,252.0
$1,256.3
$1,295.1
$1,176.4
$1,148.4
$1,171.5
$992.6
$649.5
$537.7
Long-term debt
$115.5
$110.8
$110.9
$111.0
$108.9
$110.0
$106.3
$115.5
$10.2
$10.1
Common stockholders' equity
$829.8
$801.2
$814.4
$780.4
$712.9
$610.2
$606.6
$417.3
$262.8
$78.6
Book value: LT debt/capital
12.2%
12.1%
12.0%
12.5%
13.3%
15.3%
14.9%
21.7%
3.7%
11.4%
Market value: LT debt/capital
2.9%
3.6%
4.9%
4.4%
3.9%
3.8%
3.5%
5.5%
0.6%
0.4%
D/(D+E)
Selected Valuation Information
(year-end)
Deluxe Corp. stock price
$ 46.75 $ 36.25 $ 26.38 $ 29.00 $ 32.75 $ 34.50 $ 36.56 $ 27.44 $ 25.27 $ 41.58 S&P 500 Composite Index
418.17 464.30 462.62 576.70 700.92 941.64 1,072.32 1,281.91 1,364.44 1,104.61 17.60x
19.00x
17.40x
25.90x
20.60x
15.40x
14.30x
12.70x
10.20x
11.01x
24.38x
24.11x
18.36x
16.92x
20.26x
23.88x
27.45x
31.43x
26.29x
29.50x
Deluxe Corp. market/book ratio
4.72x
3.73x
2.67x
3.06x
3.77x
4.60x
4.85x
4.74x
6.98x
33.91x
Deluxe Corp. Beta
1.00 1.00 1.00 0.95 0.90 0.95 0.85 0.90 0.90 0.85 Yield on 20 year T-bonds
7.67%
6.48%
8.02%
6.01%
6.73%
6.02%
5.39%
6.83%
5.59%
5.74%
Yield on 90-day T-bills
3.08%
3.01%
5.53%
4.96%
5.07%
5.22%
4.37%
5.17%
5.73%
1.71%
Total annual ret. on large co. stocks
7.67%
9.99%
1.31%
37.43%
23.07%
33.36%
28.58%
21.04%
-9.11%
-11.88%
Notes:
Earnings per share
1
Deluxe Corp. average P/E
2
S&P 500 Composite average P/E
2
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Exh. 2
Page 4
Exhibit 2
Deluxe Corp.
Consolidated Statement of Income
(in U.S. $ millions)
Years ended December 31
2001
2000
Revenue
$1,278.4 $1,262.7 Cost of goods sold
453.8 453.0 Selling, general, and admin. expense
514.4 518.2 Goodwill amortization expense
6.2 5.2 Asset impairment and disposition losses
2.1 7.3 Total costs
976.4 983.8 Profit/(loss) from operations
302.0 278.9 Interest income
2.4 4.8 Other income
(1.2)
1.2 Interest expense
(5.6)
(11.4)
Earnings/(loss) before taxes
297.6 273.4 Tax expense
111.6 104.0 Discontinued operations income/(loss)
- (7.5)
Net earnings/(loss)
$185.9 $161.9 Source of data: Company regulatory filings.
Exh. 3
Page 5
Exhibit 3
Deluxe Corp.
Consolidated Balance Sheets
(in U.S. $ millions)
2001
2000
Assets
Current assets
Cash and cash equivalents
$9.6 $80.7 Marketable securities
- 18.5 Trade accounts receivable – net
37.7 46.0 Inventories
11.2 11.3 Supplies
11.1 11.8 Deferred income taxes
4.6 7.4 Prepaid expenses and other
9.9 12.0 Total current assets
84.0 187.8 Long-term investments
37.7 35.6 Property, plant, and equipment – net 151.1 174.0 Intangibles – net
115.0 134.5 Goodwill–net
82.2 88.4 Other noncurrent assets
67.9 36.2 Total assets
$537.8 $656.4 Liabilities and Stockholders' Equity
Current liabilities
Accounts payable
$52.8 $44.7 Accrued liabilities
162.9 148.5 Short-term debt
150.0 - Long-term debt due within one year
1.4 100.7 Total current liabilities
367.1 293.9 Long-term debt
10.1 10.2 Deferred income taxes
44.9 51.1 Other long-term liabilities
37.0 38.3 Total liabilities
459.1 393.5 Common stockholders' equity
Common shares
64.1 72.6 Additional paid-in capital
- 44.2 Retained earnings
14.6 146.2 Unearned compensation
0.1 0.1 Accum. other comprehensive income
- (0.2)
Total common stockholders' equity
78.7 262.9 Total liabilities and stockholders' equity
$537.8 $656.4 Source of data: Company regulatory filings.
Exh. 4
Page 6
Exhibit 4
Deluxe Corp. Financial Forecast, 2002-2006
(values in U.S. $ millions)
Actual
Projected
2001
2002
2003
2004
Annual increase in sales
1.2%
1.4%
1.6%
2.0%
Operating profit/sales
23.6%
26.6%
26.7%
26.7%
Tax rate
37.0%
38.0%
Working capital/sales
9.1%
9.1%
Dividend payout ratio
52.0%
Income Statement
Net sales
$1,278.4 $1,296.3 $1,317.0 $1,343.4 Operating profit
302.0 344.8 351.6 358.7 Interest expense, net
3.2 4.0 4.0 4.0 Pretax income
298.8 340.8 347.6 354.7 Tax expense
111.6 129.5 132.1 134.8 Net income
187.1 211.3 215.5 219.9 Dividends
94.9 94.9 94.9 94.9 Retentions to earnings
$92.2 $116.4 $120.7 $125.0 Balance Sheet
Cash
$9.6 $124.3 $243.1 $365.8 Working capital (without debt)
116.6 118.2 120.1 122.5 Net fixed assets
151.1 151.1 151.1 151.1 Total assets
277.2 393.6 514.3 639.3 Debt (long- and short-term)
161.5 161.5 161.5 161.5 Other long-term liabilities
37.0 37.0 37.0 37.0 Equity
78.7 195.2 315.8 440.9 Total capital
$277.2 $393.6 $514.3 $639.3 Free Cash Flows
EBIT
$344.8 $351.6 $358.7 Less taxes on EBIT
(131.0) (133.6) (136.3)
Plus depreciation
50.0 50.0 50.0 Less capital expenditures
(50.0) (50.0) (50.0)
Less additions to/plus reductions in workng capital
(1.6)
(1.9)
(2.4)
Free cash flow
$212.2 $216.1 $220.0 Source: Case writers' analysis, consistent with forecast expectations of securities analysts.
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Exh. 4
Page 7
2005
2006
2.2%
2.4%
26.7%
26.7%
$1,372.9 $1,405.9 366.6 375.4 4.0 4.0 362.6 371.4 137.8 141.1 224.8 230.3 94.9 94.9 $129.9 $135.4 $493.0 $625.4 125.2 128.2 151.1 151.1 769.3 904.6 161.5 161.5 37.0 37.0 570.8 706.2 $769.3 $904.6 $366.6 $375.4 (139.3) (142.6)
50.0 50.0 (50.0) (50.0)
(2.7)
(3.0)
$224.6 $229.7
Exh. 6
Page 8
Exhibit 6
Key Industrial Financial Ratios by Rating Categories
Investmen
Key Industrial Financial Ratios (Three-year medians 2000–02)
AAA
AA
EBIT/Int
23.4 13.3 25.3 16.9 Funds from operations/total debt (%)
214.2 65.7 Free operating cash flow/total debt (%)
156.6 33.6 Return on capital (%)
35.0 26.6 Operating income/sales (%)
23.4 24.0 Long-term debt/capital (%)
(1.1) 21.1 Total debt/capital, incl. short-term debt (%)
5.0 35.9 Standard & Poor's defined these ratios based on the book value of these items as follows:
EBIT interest coverage = EBIT/interest expense.
EBITDA interest coverage = (EBIT plus depreciation and amortization)/interest expense
Long-term debt/capital = long-term debt/(long-term debt + stockholders' equity)
Total debt/capital, incl. short-term debt = (short-term debt + long-term debt)/(short-term debt + long-term debt
Interest
14.74 25.94 EBIT interest coverage (
x
)
EBITDA interest coverage (
x
)
Source of data: Standard & Poor's CreditStats
.
Exh. 6
Page 9
Credit Rating
nt grade
Noninvestment grade
A BBB
BB B 6.3 3.9 2.2 1.0 8.5 5.4 3.2 1.7 42.2 30.6 19.7 10.4 22.3 12.8 7.3 1.5 18.1 13.1 11.5 8.0 18.1 15.5 15.4 14.7 33.8 40.3 53.6 72.6 42.6 47.0 57.7 75.1 t + stockholders' equity)
54.76 88.46 156.82 345.00
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1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
0.0x
10.0x
20.0x
30.0x
40.0x
50.0x
60.0x
21.0x
27.3x
20.7x
16.1x
21.9x
32.4x
32.8x
31.0x
26.3x
55.2x
EBIT Divided by Interest
Exhibit 8
Capital Costs by Rating Category
AAA
AA
A
BBB
BB
B
5.47%
5.50%
5.70%
6.30%
9.00%
12.00%
kd
10.25%
10.35%
10.50%
10.60%
12.00%
14.25%
Debt
269.54 471.63 960.74 1,404.15 1,742.42 2,875.00 Cost of debt (pretax)
Cost of equity
Source of data: Hudson Bancorp
Exhibit 9
Capital Market Conditons
(as of July 31, 2002)
U.S. Treasury Obligations
Yield
Other Instruments
90-day bills
1.69%
Discount Notes
180-day bills
1.68%
Certificates of Deposit (3-month)
2-year notes
2.23%
Commercial Paper (6-month)
3-year notes
2.79%
Term Fed Funds
5-year notes
3.45%
10-year notes
4.46%
30-year notes
5.30%
Corporate Debt Obligations (10-year)
Yield
AAA
5.51%
AA 5.52%
A
5.70%
BBB
6.33%
BB 9.01%
B
11.97%
Source of data: Bloomberg LP, S&P's Research Insight, Value Line Investment Survey, Datastream Advance
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Yield
1.70%
1.72%
1.75%
1.78%
Exhibit 7
Deluxe Corp.
EBIT Interest Coverage Ratios By Year
1992
1993
1994
1995
1996
1997
1998
EBIT
322.2 280.8 233.7 236.3 262.8 315.9 316.6 Interest expense
15.4 10.3 11.3 14.7 12.0 9.7 9.7 Coverage ratio (x)
21.0x
27.3x
20.7x
16.1x
21.9x
32.4x
32.8x
1999
2000
2001
293.8 284.7 308.2 9.5 10.8 5.6 31.0x
26.3x
55.2x
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DELUXE CORP
Sources of data:
TICKER: DLX
S&P's Research Insight, Value Line Invest
SIC: 2780
GICS: 20201010
Dec92
Dec93
Dec94
Dec95
Dec96
Sales
1534.351 1581.767
1747.92 1857.981 1895.664
Cost of Sales
722.155
739.493
797.314
819.408
862.358
Gross Profit
812.1959
842.274
950.606 1038.573 1033.306
EBITDA
388.834
353.147
320.075
339.587
329.078
EBIT
322.219
280.827
233.659
236.284
262.809
Interest Expense
15.371
10.276
11.305
14.714
11.978
Total Taxes
121.999
94.052
100.02
74.885
53.302
Depreciation
66.615
72.32
86.416
103.303
66.269
Net Income
202.784
141.861
140.866
87.021
65.463
Com Shares Outstanding
83.797
82.549
82.375
82.364
82.056
Treasury Stock-# Com Shares
0
0
0
0
0
Treasury Stock-Total $ Amt
0
0
0
0
0
Earnings Per Share (Value Line)
2.42
2.09
1.71
1.15
1.65
Div. Per Share (Value Line)
1.34
1.42
1.46
1.48
1.48
Working Capital (Value Line)
330.9
386.9
224.5
130.4
12.3
PP&E-Total Net
389.017
401.641
461.818
494.158
446.858
Assets-Total
1199.556 1251.994 1256.272 1295.095
1176.44
LT Debt-Total
115.522
110.755
110.867
110.997
108.937
Preferred Stock
0
0
0
0
0
Common Equity-Total
829.808
801.249
814.393
780.374
712.916
Long-Term Debt/Total Capital
12.22028 12.14413 11.98225 12.45239 13.25505
Price-Close Fiscal Year
46.75
36.25
26.375
29
32.75
Avg. Annl. P/E (Value Line)
17.6
19
17.4
25.9
20.6
Price to Book Fiscal Yr End
4.720983 3.734671 2.667804 3.060783 3.769496
Beta
Gov Bonds-20 Year
7.67
6.48
8.02
6.01
6.73
T-Bill-3 Month
3.08
3.01
5.53
4.96
5.07
S&P 500 (Datastream)
418.17
464.30
462.62
576.70
700.92
S&P 500 P/E (Datastream)
24.38
24.11
18.36
16.92
20.26
tment Survey, Datastream Advance
Dec97
Dec98
Dec99
Dec00
Dec01
1919.366 1931.796
1650.5 1262.712 1278.375
806.671
805.874
688.936
417.882
421.149
1112.695 1125.922
961.564
844.83
857.226
384.729
375.541
348.099
318.054
345.857
315.913
316.61
293.794
284.679
308.2
9.742
9.664
9.479
10.837
5.583
70.478
99.852
121.633
103.957
111.634
68.816
58.931
54.305
33.375
37.657
44.672
143.063
203.022
161.936
185.9
81.326
80.481
72.02
72.555
64.102
0
0
0
0
0
0
0
0
0
0
2.15
2.34
2.64
2.34
2.70
1.48
1.48
1.48
1.48
1.48
108.1
131
167.8
14
116.6
415.008
340.077
294.785
173.956
149.552
1148.364 1171.519
992.643
649.469
537.721
109.986
106.321
115.542
10.201
10.084
0
0
0
0
0
610.248
606.565
417.308
262.808
78.605
15.27087 14.91417 21.68378 3.736507 11.37007
34.5
36.5625
27.4375
25.27
41.58
15.4
14.3
12.7
10.2
11.01
4.597716
4.849 4.984877 6.976538 35.10112
0.90
0.90
0.85
6.02
5.39
6.83
5.59
5.74
5.22
4.37
5.17
5.73
1.71
941.64
1072.32
1281.91
1364.44
1104.61
23.88
27.45
31.43
26.29
29.50
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Note:-
Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
Answer completely.
You will get up vote for sure.
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The 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!
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Please see below. I need help with this excel sheet. Please note that this problem requires cell referencing and particular formulas to get the correct answers. Please be sure to include these items.
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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!
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Please correct and incorrect option explain and correct answer
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The question is in the attached image.
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Use the template attached below to complete this activity: (Videos are available in the C4 module on using the ebook + copying worksheets).
Chapter_7_Applying_Excel_template-1.xlsx
Use the data found in the template + use the additional data found in the ebook section, "Applying Excel" (p. 330 print text). All calculations should be performed within the cell using cell referencing/formulas so that I can see how you arrived at your answers! Do not use your calculator and just type in numbers!
You will submit four worksheets within your assignment file:
sheet 1 = original
sheet 2 = requirement 1 quantitative + question responses
sheet 3 = requirement 2 quantitative + question responses
sheet 4 = requirement 3 quantitative + question responses
In scenario 1, 2, and 3.... copy the original worksheet after inputting your cell formulas and change the values as indicated for each requirement. Name each tab by the question #.
Chapter 7: Applying Excel
Data…
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During the research process, if you are unsure whether or not you've found all the relevant literature, what should you do?
A.
Google it to see if there is anything else you've missed.
B.
Call your manager to verify that you've found it all.
C.
Use the search engine included in the Codification.
D.
Complain that it's too much work and call it a day.
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TASK DESCRIPTION
Children
educatio Personali Cross-
n
ty
cultural
Spouse's
willingne allowanc
ss to
travel
Spouseoverseas
job
assistanc
compete Prior
ncies internati
onal
experienc
Age
Host
country
housing
assistanc
Income
tax
equalisati
on policy
Overseas
health
care plan
Length of
the
foreign
assignme Career
nt
and
repatriati
Receptivity
to
Internation
al Careers
Family
status
Gender
Marital
status
Educatio
n
Destinati
Opportun on
on Company ities for country
planning culture
career
support
(Tarique et al., 2015)
Tarique et al. (2015) developed the receptivity to international careers framework. Reflecting on
generational differences in contemporary organisations, you are required to evaluate this model
critically by addressing the following:
1. Identify the factors that are more important to Gen X, Gen Y, and Gen Z in their receptivity to
international assignments. (1,500 words)
2. Critically discusses how factors such as culture, personality and skills/experience may impact…
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This is for accounting information system class please help me figure how to do this step in excel.add the 2021 data to the Dashboard Open the file Support_EX19_EOM5-1_2021.xlsx. Copy the values in the range C6:C19. In cell C6 of the Dashboard worksheet in the original workbook, use the Paste Link command to create external references to the values in the Support_EX19_EOM5-1_2021.xlsx workbook. Delete the unnecessary values in cells C8, C12, and C16, and close the Support_EX19_EOM5-1_2021.xlsx workbook
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help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
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How would I calculate this problem? I just guessed on which answer made sense to me. Please help. thank you in advance.
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help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
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I'm not sure if I did my calculations correctly for Aug 3.
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Please answer all parts with detailed calculations and good formatting and make sure the answer is 100% correct, else leave it for the other tutor to answer. Otherwise i will downvote the answer and report it for uprofessionalism for sure. Please don't use AI or Chat GPT also make sure there is no plagiari.sm.
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Required information (The Excel worksheet form that appears below is to be used to recreate part of the example relating to Turbo Crafters that appears earlier in the chapter.)
Download the Applying Excel form and enter formulas in all cells that contain question marks.
For example, in cell B13 enter the formula "= B5".
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 estimated total amount of the allocation base in the Data area to 50,000 machine-hours, keeping all of the other data the same as in the original example. If your worksheet is operating properly, the predetermined overhead rate should now be $6.00 per machine-hour. If you do not get this answer, find the errors in your worksheet and correct them.
Save your completed Applying Excel form to your computer and then upload it here by clicking "Browse." Next, click "Save." You will use this…
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Hi, I attempted this problem but got 2 sections incorrect. Can you help me to solve for the values and explain how? I thought I did it correctly but I made a mistake somewhere along the time but can't figure out where. Thanks!
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Students are required to provide a piece of writing (with a word limit of 400) on how the MYOB software can contribute to the various kinds of business management decision-making through using some of the specific special-purpose-reports generated by its software.
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I really need help with this item below. I have tried a few different ways to do this problem, but the top box keeps coming back as incorrect. I know that the amounts are correct, but the first box is wrong for some reason. Please read the feedback boxes and include the appropriate formulas and cell references for this item. This is done through Excel. PLEASE HELP!!!!!! Note that the pictures are the same exact problem, but I used two separate formulas to try and solve this problem.
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See below. I just need help with the red box with the 20,000 answer in it. It came back as incorrect. I believe that the answer is correct but the cell reference/mathematical formula that was used came back as incorrect. Note that this needs to include both cell referencing and the appropriate mathematical formula. The pictures are the of the same problem, just shows two different perspectives. NOTE THAT THIS IS ALL THE INFORMATION I WAS GIVEN!!!!!!!
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Please complete
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Can you help solve this problem. I have one more try.
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1, 3, 4, 5 is still unanswered pls help me :<<
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help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
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Please see below. I really need help with this. I have tried the formula shown and the sumproduct formula and both times the top box comes back as incorrect. I know that the answer is correct, but I need to know exactly how to put the correct formula in there using cell referencing. PLEASE HELP!!!!!!!!!
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Hi, I attempted this question but didn't get some parts correct. Can you help me so I can see where my mistakes were made? I've attached a picture of the problem and what they're asking for. Thanks!
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Please do not Give image format and Proper solution
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Use the simplex method to solve the following LP model
Minimize
Z = 8X₁ + 6X2
Subject to:
2X1 + 4X2 ≥8
3X1+2X2 ≥6
Provide detailed calculations for both complete and partial credits. Please submit your responses in a PDF
document. Ensure that your answers are handwritten, legible, and captured in clear photographs compiled
into a single PDF file for submission. It's imperative that your submission represents your own original work.
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A product's life cycle is the period of time from initial expenditure on research and development (R&D) to the time at which support to customers is withdrawn (Drury, 2018). Choose a product that you are familiar with and critically analyse the product's life cycle. Leamers are required to refer to at least THREE latest published journal articles to support the argument. Use APA format for in-text citations and references.
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help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
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Recommended textbooks for you
- Essentials Of Business AnalyticsStatisticsISBN:9781285187273Author:Camm, Jeff.Publisher:Cengage Learning,
Essentials Of Business Analytics
Statistics
ISBN:9781285187273
Author:Camm, Jeff.
Publisher:Cengage Learning,