Excel Applications for Accounting Principles
4th Edition
ISBN: 9781111581565
Author: Gaylord N. Smith
Publisher: Cengage Learning
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Textbook Question
Chapter 7, Problem 6R
Suppose Delʼs purchase prices had remained constant. Enter 400 in cells C11 through C14. Explain what changes take place and why.
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Complete the following table by entering either debit orcredit in each cell:Item Increase DecreaseRevenuesExpenses
Applying the DDM model utilizing the
following inputs: PO, d1, d2, r, g.
When rearranging the price expression so
that we can solve for g,
g= r - d2/((PO*(1+r)-d1))
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Please answer fast please arjent help please answer
Chapter 7 Solutions
Excel Applications for Accounting Principles
Ch. 7 - Del Rio began Rio Enterprises on January 1 with...Ch. 7 - Del Rio began Rio Enterprises on January 1 with...Ch. 7 - Prob. 3RCh. 7 - Del Rio began Rio Enterprises on January 1 with...Ch. 7 - What changes would have taken place if Dels...Ch. 7 - Suppose Dels purchase prices had remained...Ch. 7 - Del Rio began Rio Enterprises on January 1 with...Ch. 7 - Reset the November 20 purchase to 150 units,...Ch. 7 - Click the Chart sheet tab. On the screen is a...
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- What changes would have taken place if Dels purchase prices had fallen rather than risen? To find out, enter the following values in cells C11 through C14, respectively: 390, 380, 370, and 360. Print the results. Explain what the changes are and why they have taken place.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_forwardSuppose I have two items in my inventory and I use FIFO to value it. I start to buy a new item and use LIFO. Is this considered a change in accounting principle if I use two different methods? Please explain.arrow_forward
- At what amount would the purchase on February 1 be recorded for the net price if the net method were used?arrow_forwardPrepare the base tables, in third normal form, needed to produce the user view in the table.arrow_forwardWhat do think Ir the reason why you there many depreci ation erty. ecep ted and equip ment? method gene rally accep ted in accoun fina for $0p $ lantarrow_forward
- In the screenshot below the array C4# is hidden Convert the 6 rents to a dynamic array Find cumulative frequency =COUNTIF(B4#,"<="&B4#) 1 =A4:A9 3 Rent Rent С.F. 4 $500 $500 $500 $500 6. $600 $600 $500 $500 8. $400 $400 9. $600 $600 10 what are the values in C4# O a 4. 4. 6. 4. 1 Ob. 2. 4 1 O d. None of the other options is correctarrow_forwardSelect the correct choice that completes the sentence below. The cost of an item if the full amount had been paid at the time of sale is called the O A. down payment price O B. installment price O C. total price O D. cash pricearrow_forwardPrepare the base tables, in third normal form, needed to produce the user view in the table.arrow_forward
- Topic is Interests If A(t) = 100(1.1)t Find:a. i5b. i10 Show complete solution with explanatioarrow_forwardBenson Corporation operates three investment centers. The following financial statements apply to the investment center named Bowman Division. BOWMAN DIVISION Income Statement For the Year Ended December 31, Year 2 $107,280 58,475 48,805 Sales revenue Cost of goods sold Gross margin Operating expenses Selling expenses Depreciation expense Operating income Nonoperating item Loss on sale of land (2,680) (4,055) 42,070 (4,600) $ 37,470 Net income BOWMAN DIVISION Balance Sheet As of December 31, Year 2 Assets $ 12,662 40,416 37,700 90,378 9,100 Cash Accounts receivable Merchandise inventory Equipment less accumulated depreciation Nonoperating assets Total assets $190,256 Liabilities Accounts payable Notes payable Stockholders' equity 9,457 69,000 $ Common stock 79,000 32,799 Retained earnings Total liabilities and stockholder's equity $190,256 Required c. Calculate the ROI for Bowman. d. Benson has a desired ROl of 13 percent. Headquarters has $91,000 of funds to assign to its investment…arrow_forwardCalculate: 이니 D where D=3.54, and r=0.135arrow_forward
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