Excel Applications for Accounting Principles
4th Edition
ISBN: 9781111581565
Author: Gaylord N. Smith
Publisher: Cengage Learning
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Chapter 15, Problem 2R
The comparative financial statements of Global Technology are as follows:
Open the file RATIOA from the website for this book at cengagebrain.com. Enter the formulas in the appropriate cells. Enter your name in cell A1. Save the completed model as RATIOA2. Print the worksheet when done. Also print your formulas. Check figure: Acid test (quick) ratio (cell C58), .82.
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Using Excel, create a table that shows the relationship between the interestearned and the amount deposited, as shown. we will first create the dollar amount column and the interest row, as shown . Next we will type into cell B3 the formula = $A3*B$2. We can now use the Fill command to copy the formula in other cells, resulting in the table as shown. Note that the dollar sign before A3 means column A is to remain unchanged in the calculations when the formula is copied into other cells. Also note that the dollar sign before 2 means that row 2 is to remain unchanged in calculations when the Fill command is used.
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!
Chapter 15 Solutions
Excel Applications for Accounting Principles
Ch. 15 - The comparative financial statements of Global...Ch. 15 - The comparative financial statements of Global...Ch. 15 - a. What information does a comparison of the...Ch. 15 - Prepare a ratio analysis for Global Technology for...Ch. 15 - Compare your printout from requirement 2 with your...Ch. 15 - With the 2013 data still on the screen, click the...
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- Please see below. I need help with this excel sheet. Note, please be sure to use cell referencing and the appropriate formulas for each part.arrow_forwardCould you help me with this simulation I have attached both images?arrow_forwardClick the Chart sheet tab. This chart is based on the problem data and the two income statements. Answer the following questions about the chart: a. What is the title for the X-axis? b. What is the title for the Y-axis? c. What does data range A represent? d. What does data range B represent? e. Why do the two data ranges cross? f. What would be a good title for this chart? When the assignment is complete, close the file without saving it again. Worksheet. The VARCOST2 worksheet is capable of calculating variable and absorption income when unit sales are equal to or less than production. An equally common situation (that this worksheet cannot handle) is when beginning inventory is present and sales volume exceeds production volume. Revise the worksheet Data Section to include: Also, change actual production to 70,000. Revise the Answer Section to accommodate this new data. Assume that Anderjak uses the weighted-average costing method for inventory. Preview the printout to make sure that the worksheet will print neatly on one page, and then print the worksheet. Save the completed file as VARCOSTT. Check figure: Absorption income, 670,000. Chart. Using the VARCOST2 file, fix up the chart used in requirement 5 by adding appropriate titles and legends and formatting the X- and Y-axes. Enter your name somewhere on the chart. Save the file again as VARCOST2. Print the chart.arrow_forward
- 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.arrow_forwardTask: Enter data as shown below and use the appropriate formulas Save the work as ThinkTech and upload on your enaz portal when done. Equipment Type BRAND Category Stock Sold Cost per unit Stock Balance Total Computer Dell PC 55 25 49000 Phone Infinix Mobile 15 9 16500 Computer Toshiba Laptop 30 20 63000 Phone iPhone Mobile 7 5 28400 Computer HP Laptop 12 7 45000 Computer Compaq PC 25 3 37500 Phone Nokia Mobile 45 14 12000 (a) Add a new row above the header row and title it "Think Technology Solutions". Merge, Center, and bold the title with a Red font color. (2M) (b) Reorganize the data in descending order by the category Column. (1M) (c) Calculate the number the stock balance for each type of equipment. (1M) (d) Insert a new column between stock balance and Total called Discount. Use the IF function to calculate the discount of PC at 21%, Laptops at 15% and mobiles at 5% per unit cost (5M) (e) Calculate the Total amount of money received after selling each equipment (Remember to…arrow_forwardClick on the "Prepare Fin Sts" tab and enter your name in Cell C1. If Cell C1 is left blank, you will not be able to see your score. Each graded cell is highlighted in yellow. Select all account titles/labels using dropdowns. Enter formulas for all dollar amounts. The formula must only contain cell addresses. Each correct formula will begin with =, +, or -. The basic mathematical operators are +, -, * and / Addition: To add the values in cells A1 and B4, the formula is =A1+B4 Subtraction: To subtract the value in cell B4 from the value in cell A1, the formula is =A1-B4 Multiplication: To multiply the values in cells A1 and B4, the formula is =A1*B4 Division: To divide the value in cell A1 by the value in cell B4, the formula is =A1/B4 THIS FILE REQUIRES THE USE OF =SUM FOR ALL TOTALS AND SUBTOTALS The =SUM function adds all values…arrow_forward
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