Explain the arguments used in the SUM function.
> Describe the PV function in Excel and its arguments.
> Compare the percent of sales and aging methods of determining uncollectible accounts expense and the ending allowance for the uncollectible accounts balance.
> Identify the five variables in present value problems.
> How is the goal seeking feature used in this chapter?
> What information is provided in the financing activities portion of the cash budget?
> What information is provided in the investing activities portion of the cash budget?
> Why does the typical cash budget spread payment of purchases over more than one month?
> Create new queries for What SUP (use the Ch9-02 file) a. Create and print a query for What SUP that lists the supplier name, contact name, and phone number of every supplier. (Note: Be sure to use the supplier table to locate field names.) Save the query
> Modify What SUP Sales Worksheet Using the student file Ch2-04.xlsx, add appropriate formulas to the existing Fanatic SUP Sales worksheet to calculate price, total sales for each SUP for the week, and total sales for all Fanatic SUP. Complete this workshe
> What factors determine monthly purchases in the cash budget?
> What information is provided in the operating cash payments portion of the cash budget?
> Why does the typical cash budget spread collection of sales revenue over more than one month?
> What information is provided in the operating cash receipts portion of the cash budget?
> How is grouping used with the cash budget?
> Why should you locate budget assumptions in a special section of the worksheet?
> Describe the goal seek process.
> Describe the formula computing interest expense each period for a bond.
> What function is used to calculate bond proceeds, and what arguments does that function take?
> Describe the formula for computing interest expense each period for a loan.
> Create a new What SUP Allowance for Uncollectible Accounts Analysis a. Using the ch7-03 file to start your work, create a worksheet to do the following: i. Calculate uncollectible accounts expense and the allowance for uncollectible accounts using the pe
> What does a loan amortization schedule do?
> Why does the payment function result in a negative number?
> What arguments does the loan payment function take?
> What function is used to calculate a loan payment?
> Describe the Scenario Manager.
> Explain the difference between a loan and a bond.
> How do you add a new series of data to an existing chart?
> What additional argument is added for these depreciation functions?
> What other depreciation functions are built into Excel?
> What is the purpose of a depreciation summary?
> Create a new What SUP Cost Analysis a. Using the ch7-02 file to start your work, create a worksheet to do the following: i. Calculate the Hi-Lo Method variable cost/hour open and fixed cost. ii. Predicted expense under the Hi-Lo Method assuming 2,000 ope
> Should references used as arguments to the SLN function be absolute or relative?
> Why should the arguments in the SLN function be values or references?
> Should the arguments in the SLN function be values or references?
> What arguments does the SLN function take?
> Describe the shape of the three lines in a depreciation comparison chart depicting straight-line, double declining balance, and sum-of-the-year’s digits depreciation.
> What function is built-into Excel to help you calculate straight-line depreciation?
> Which ratios are usually formatted as percentages?
> Why is the point-and-click method of cell referencing easier than typing references directly into worksheet cells?
> What do solvency ratios represent?
> What do liquidity ratios represent?
> Create a new What SUP Present Value Analysis a. Using the ch7-01 file to start your work, modify that worksheet to do the following: i. Calculate the annuity payment required at the end of each year for the next 4 years at 4 percent such that the value i
> What do profitability ratios represent?
> What base amount is used for horizontal analysis of both income statements and balance sheets? Give an example.
> What base amount is used for vertical analysis of a balance sheet?
> What base amount is used for vertical analysis of an income statement?
> Which ratios are usually formatted as numbers?
> What is another term for vertical analysis?
> Explain the importance of parentheses in formulas.
> How are formulas written in Excel?
> What does the Format Painter tool do?
> Create a new What SUP Operating Cash Payments Budget Using the ch6-03 file to start your work, create a worksheet similar to the one created in this chapter to budget operating cash payments by month for 3 months. Place assumption information in the cell
> How do you control the appearance of data in a worksheet?
> Explain the process for changing column width or row height.
> What does it mean when a cell or cells in a worksheet include a series of # signs?
> Identify the difference between labels and values.
> How does the AutoFill feature of Excel help the worksheet user?
> Explain how information is entered into an Excel worksheet.
> What is the recommended procedure for printing a workbook or worksheet?
> How do you change the name of a sheet in a workbook?
> Describe the procedure used to insert a column or row into a worksheet.
> How do you change a relative reference to an absolute reference?
> Create a new What SUP Operating Cash Receipts Budget Using the ch6-02 file to start your work, create a worksheet similar to the one created in this chapter to budget operating cash receipts by month for 3 months. Place assumption information in the cell
> Why would you want to use absolute references instead of relative references?
> What are the key accounting topics addressed in this text that relate to your learning Excel?
> What is the quickest way to get help while in Excel?
> What is the Page Layout view?
> How do you modify the Quick Access Toolbar to add the Open command?
> Describe the three basic components of the Ribbon.
> What and where is the Quick Access Toolbar?
> Describe the nature of the commands found on the File and Home tabs.
> What function is used (and how is it written) to count records in a report?
> What type of control is used in a report to add values?
> Using the ch5-04 file to start your work, create a worksheet (similar to the one created in this chapter) that calculates the bond proceeds for a $2,500,000, 10-year, 4 percent stated interest bond issued when the market interest rate is 5 percent. Inclu
> How do you determine where information appears in a report?
> What do the [ ] (brackets) signify in an Access formula?
> Is it possible to group more than one item?
> When creating a report, what does the process of summarizing accomplish?
> When creating a report, what does grouping accomplish?
> Can you always add a field from any table to a report based on a query?
> Describe the process of adding lines to a report.
> Why create a report from a query? Why not just print your query results?
> Why must an existing relationship be deleted before modifying a field’s data type?
> When is the Lookup Wizard used?
> Create a new What SUP Loan Amortization Schedule Using the ch5-03 file to start your work, create a worksheet (similar to the one created in this chapter) that calculates the required annual payment for an $850,000, 7-year loan at 5 percent and includes
> Why are check box controls used on a form instead of list box controls?
> Why are calculated controls used on a form?
> Why are combo box controls used on a form?
> Why are list box controls used on a form?
> Why are text box controls used on a form?
> What is the difference between bound and unbound controls?
> What type of relationship must exist if a sub-form is used on a form?
> What view of a form is used to edit an existing form?
> What is a parameter query?
> What is an action query? Give examples.
> You are to add another depreciation chart for What SUP. Use the ch4-01_Chart_student_name workbook you created in this chapter. Add a new depreciation chart by changing the name of Sheet2 to Asset 1002. Following the steps shown in the chapter, create a
> Are the results of a calculation stored as a field in a table?
> What will compound criteria allow you to accomplish in Access?
> What are the three key comparison operators used in a query?
> Describe the process for adding to an existing query a field that exists in a table not currently included in the query.
