Auditing & Assurance Services
6th Edition
ISBN: 9780077862343
Author: LOUWERS, Timothy J.
Publisher: Mcgraw-hill Education,
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Chapter A, Problem 47EP
To determine
Provide the note to disclose the basis of accounting used in the financial statements.
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Fractional Dates
Excel can also accept fractional dates. In cells A9:A11 you will see numbers that have a decimal component. The decimal represents part of a day. For example, a number ending in 0.5 will be halfway through the day or 12:00 PM /
noon.
Repeat the same process as above to populate cells B9: B11 with the same numbers as A9:A11. Formatting B9:B11 will be a little different. To get Excel to show the partial date in cells B9:B11 highlight those cells, navigate to the
Home tab, locate number formatting, and then use the down arrow to select More Number Formats. This opens a dialog box where you can apply custom formats. Under Date, find a format that also shows the time, e.g., if A9 contains
40368.25:
Number Format
Category:
General
Number
Currency
Accounting
Date
Sample
7/9/10 6:00 AM
Type:
March 14, 2012
3/14/12 1:30 PM
3/14/12 13:30
Time
M
Percentage
Fraction
Scientific
M-12
3/14/2012
14-Mar-2012
Text
Special
Custom
Locale (location):
English (United States)
Date formats…
Chapter A Solutions
Auditing & Assurance Services
Ch. A - Prob. 1RCCh. A - Prob. 2RCCh. A - Prob. 3RCCh. A - Prob. 4RCCh. A - Prob. 5RCCh. A - Prob. 6RCCh. A - Prob. 7RCCh. A - Prob. 8RCCh. A - Prob. 9RCCh. A - Prob. 10RC
Ch. A - Prob. 11RCCh. A - Prob. 12RCCh. A - Prob. 13RCCh. A - Prob. 14RCCh. A - Prob. 15RCCh. A - Prob. 16RCCh. A - Prob. 17RCCh. A - Prob. 18RCCh. A - Prob. 19MCQCh. A - Prob. 20MCQCh. A - Prob. 21MCQCh. A - Prob. 22MCQCh. A - Prob. 23MCQCh. A - Prob. 24MCQCh. A - Prob. 25MCQCh. A - Prob. 26MCQCh. A - Prob. 27MCQCh. A - Prob. 28MCQCh. A - Prob. 29MCQCh. A - Prob. 30MCQCh. A - Prob. 31MCQCh. A - Prob. 32MCQCh. A - Prob. 33MCQCh. A - Prob. 34MCQCh. A - Prob. 35MCQCh. A - Prob. 36MCQCh. A - Prob. 37MCQCh. A - Prob. 38MCQCh. A - Prob. 39MCQCh. A - Prob. 40MCQCh. A - Prob. 41EPCh. A - Prob. 42EPCh. A - Prob. 44EPCh. A - Prob. 45EPCh. A - Prob. 46EPCh. A - Prob. 47EPCh. A - Prob. 48EPCh. A - Prob. 49EPCh. A - Prob. 50EPCh. A - Prob. 51EPCh. A - Prob. 52EPCh. A - Prob. 53EPCh. A - Prob. 54EPCh. A - Prob. 55EPCh. A - Prob. 56EPCh. A - Prob. 58EP
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- I want to this question answer for General accounting question not need ai solutionarrow_forwardWilson Athletics plans to sell 4,800 tennis rackets at $95 each in the coming year. The unit variable cost is $57.50 (includes direct materials, direct labor, variable factory overhead, and variable selling expense). Fixed factory overhead is $28,500, and fixed selling and administrative expenses are $39,200. 1. Calculate the variable cost ratio. 2. Calculate the contribution margin ratio.arrow_forwardNeed answer this General accounting questionsarrow_forward
- Continental Industries reported net sales of $5.80 million and beginning total assets of $2.20 million and ending total assets of $2.60 million. The average total asset amount is: a. $2.40 million b. $3.10 million c. $0.38 million d. $0.45 million e. $1.38 million HELParrow_forwardI am trying to find the accurate solution to this general accounting problem with the correct explanation.arrow_forwardDonna Electronics Corp. has a five-day workweek (Monday through Friday). Employees earn $1,680 per day. If the month ends on Tuesday, with wages paid on Friday, how much wage expense should be accrued on Tuesday? A. $3,360 B. $5,040 C. $6,720 D. $8,400 E. $3,560arrow_forward
- Correct Answerarrow_forwardCan you solve this financial accounting problem using accurate calculation methods?arrow_forwardE9 ✓ ✓ fx 5 6 7 8 Date Value و 3835 40468 B Fractional Date 40468.25 10 40468.375 11 40468.625 12 13 14 15 DATE DATA CLEANUP and MANIPULATION D Problem Date Year (YEAR) Month (MONTH) Day (DAY) End of month Start of month Use E6 "Problem Date" for green cells in col. E & I 10/8/2019 Start of next month First day of the year #N/A #N/A # N/A #N/A #N/A #N/A #N/A Month to date fraction of year Day of the week TIP: Use custom date format to display as the name of the day (dddd) Name of month Workdays in current month 30 workdays (excluding weekends) from today Days between today and 30 workdays from now 16 17 Target $2,000 DATE REVENUE MONTH DAY OF WEEK Hit Target? MONTH DAY OF WEEK FORMULAS for TABLE COLUMNS C through E SC Hit Target? 19 10/1/2019 $3,642 #N/A #N/A #N/A 20 10/2/2019 $3,427 #N/A #N/A #N/A 21 21 10/3/2019 $3,842 #N/A #N/A #N/A 22 22 10/4/2019 10/4/2015 $3,525 #INDA #N/A #N/A #N/A 23 10/5/2019 $3.648 20 10/5/2015 99,040 #N/A #N/A #N/A 24 24 10/6/2019 10/6/2015 $3,833 #N/A #N/A…arrow_forward
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