Part A and B: You may need to use the AND/OR functions in some of your formulas. Part A: Curtiss Hardware sells battery powered drills for $99.00 each. If the customer purchases 2, 3, or 4 drills, then the price is reduced to $95.00 each. If the customer purchases 5 or more drills, then the price is reduced to $89.99 each. Sales tax is 10%. Create a worksheet that allows the customer (user) to input the number of drills that they are purchasing. Pretend that you are the user and input the number of drills that you wish to purchase. The worksheet must create an invoice which displays the following items: The price for a single drill based on the quantity entered by the user. о You MUST use the IF function to determine the price per drill. The total price of the drills purchased before the sales tax • • The amount of the sales tax • The total price of the order including the sales tax

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter17: Advanced Issues In Revenue Recognition
Section: Chapter Questions
Problem 15RE: GameDay sells recreational vehicles along with secure parking storage to customers. Game Day sells...
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Part A and B: You may need to use the AND/OR functions in some of your formulas.
Part A:
Curtiss Hardware sells battery powered drills for $99.00 each. If the customer purchases 2, 3, or
4 drills, then the price is reduced to $95.00 each. If the customer purchases 5 or more drills, then
the price is reduced to $89.99 each. Sales tax is 10%.
Create a worksheet that allows the customer (user) to input the number of drills that they are
purchasing. Pretend that you are the user and input the number of drills that you wish to
purchase.
The worksheet must create an invoice which displays the following items:
The price for a single drill based on the quantity entered by the user.
о You MUST use the IF function to determine the price per drill.
The total price of the drills purchased before the sales tax
•
•
The amount of the sales tax
•
The total price of the order including the sales tax
Transcribed Image Text:Part A and B: You may need to use the AND/OR functions in some of your formulas. Part A: Curtiss Hardware sells battery powered drills for $99.00 each. If the customer purchases 2, 3, or 4 drills, then the price is reduced to $95.00 each. If the customer purchases 5 or more drills, then the price is reduced to $89.99 each. Sales tax is 10%. Create a worksheet that allows the customer (user) to input the number of drills that they are purchasing. Pretend that you are the user and input the number of drills that you wish to purchase. The worksheet must create an invoice which displays the following items: The price for a single drill based on the quantity entered by the user. о You MUST use the IF function to determine the price per drill. The total price of the drills purchased before the sales tax • • The amount of the sales tax • The total price of the order including the sales tax
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