Snick’s Board Shop is contemplating several alternative means of financing their acquisition of $350,000 in new equipment in year 1. One option is to borrow $300,000 from a local bank. The bank has asked them to produce a 3-year cash budget broken down by year (Year 1, 2, and 3). Sales in the prior year were $300,000 and are expected to increase 3 percent each year. Year 1 beginning cash was $97,450 and beginning inventory was $30,000. Purchases are based on an expected cost of sales of 40 percent and a required ending inventory of 25 percent of next year’s sales. Prior year expenses included advertising expense of $2,500, depreciation expense of $1,000, wages expense of $46,000, supplies expense of $450, and utilities expense of $1,600. All expenses except depreciation are paid in the year in which they are incurred and are expected to increase 8 percent each year. Interest expense is expected to remain constant at $15,000 each year for years 1–3. Collections in the year of sale are expected to be 90 percent, with the remaining 10 percent collected in the next year. Payments in the year of purchase are expected to be 95 percent, with the remaining 5 percent paid in the next year. Proceeds from the $300,000 loan are expected in year 1, and $350,000 of equipment will be purchased during year 1. In subsequent years equipment purchases are expected to be $1,000 each year. Proceeds from projected equipment sales each year are expected to amount to $200. Annual payments of $110,000 on the loan also begin in year 1. Using the ch6-06 file to start your work, create a cash budget (as you did in the chapter) based on the assumptions just provided. Use Excel’s grouping feature to group operating cash receipts, operating cash payment, cash from (to) operating activities, cash from (to) investing activities, and cash from (to) financing activities. Define names as appropriate. Save your file as ch6-06_student_name (replacing student_name with your name). a. Print the newly completed worksheet in Value view, with your name and date printed in the lower left footer and the file name in the lower right footer. Print the resulting worksheet in Value view, with your name and date printed in the lower left footer and the file name in the lower right footer. Print cash budget and assumptions. b. Collapse rows to level 2. Print the resulting worksheet in Value view, with your name and date printed in the lower left footer and the file name in the lower right footer. Print cash budget with no assumptions. c. Expand to view all rows and then use what-if analysis to calculate end-of-year cash if the sales growth each year were 7 percent. Print the resulting worksheet in Value view, with your name and date printed in the lower left footer and the file name in the lower right footer. Print cash budget and assumptions. d. Undo the what-if analysis performed in part c. Use goal seek to determine what annual sales growth would be needed to produce an ending cash balance of $50,000 in year 3. Print the resulting worksheet in Value view, with your name and date printed in the lower left footer and the file name in the lower right footer. Print cash budget and assumptions.
> A feasible region and its vertices are shown. Determine the maximum and minimum values of the given objective function. K = 40x + 50y
> -2 ( x ( 6 Graph the solution set of the inequality, where x is an integer, on the number line.
> 3x - 4y = 11 x + 2y = -3 Solve the system of equations by the addition method. If the system does not have a single ordered pair as a solution, state whether the system is inconsistent or dependent.
> Fill in the blank with an appropriate word, phrase, or symbol(s). 2. A matrix that contains the same number of rows and columns is called a(n) _______matrix. 4. The number of rows in a 4 ( 3 matrix is_______ . 6. When multiplying a matrix by a real numbe
> Pressure and Volume The volume of a gas, V, varies inversely as its pressure, P. If the volume of a gas is 6400 cubic centimeters (cc) when the pressure is 25 millimeters (mm) of mercury, determine the volume when the pressure is 200 mm of mercury.
> Nancy has just purchased a new house that is in need of new flooring. Use the measurements given on the floor plans of Nancy’s house to obtain the answer. Cost of Laminate Flooring The cost of oak laminate flooring is $9.75 per square f
> A feasible region and its vertices are shown. Determine the maximum and minimum values of the given objective function. K = 10x + 8y
> -2(x – 1) ( 3(x – 4)+ 5 Graph the solution set of the inequality, where x is an integer, on the number line.
> x + 2y = 15 3x + y = 5 Solve the system of equations by the addition method. If the system does not have a single ordered pair as a solution, state whether the system is inconsistent or dependent.
> Property Tax The property tax, t, on a home is directly proportional to the assessed value, v, of the home. If the property tax on a home with an assessed value of $140,000 is $2100, what is the property tax on a home with an assessed value of $180,000?
> One square meter equals 10,000 cm2. Use this information to convert the following. 8372 cm2 to square meters
> Graph the system of linear inequalities and indicate the solution set. x ≤ 0 y ≤ 0
> -5x - 1 ( 17 - 2x Graph the solution set of the inequality, where x is an integer, on the number line.
> x + y = 6 -2x + y = -3 Solve the system of equations by the addition method. If the system does not have a single ordered pair as a solution, state whether the system is inconsistent or dependent.
> (2). The fifth axiom of elliptical geometry states that given a line and a point not on the line, __________ line can be drawn through the given point parallel to the given line. (4). A model for Euclidean geometry is a(n) __________. (6). A model for hy
> (2). A polygon whose sides are all the same length and whose interior angles all have the same measure is called a(n) _________ polygon. (4). The sum of the measures of the interior angles of a triangle is _________. (6). The sum of the measures of the
> What are the purposes of forms?
> What questions are asked by the Simple Query Wizard?
> What facts must be identified for each query?
> What are queries?
> You are to create Kelly’s Boutique’s financial analyses as of December 31, 2018, and as of December 31, 2019. Following the Chapter 3 examples, use the student file ch3-04.xls to create a vertical and horizontal analysis of the balance sheet and income s
> Rosey’s Roses is located in Savannah, Georgia, and specializes in the sale of roses. You, as the manager of the business, are curious to see how Excel might help you manage the business and account for its inventory. To that end, you ha
> Snick’s Board Shop is located in La Jolla, California, and specializes in complete and longboard skateboards and equipment. Owner Casey ‘‘Snick’’ Miller is curious
> The Wine Depot, located in Santa Barbara, California, imports and sells high-quality wine from around the world. Owner Barbara Fairfield is curious to see how Excel might help her manage the business and account for its inventory. Her husband, Bud, is th
> Kelly’s Boutique, located in Pewaukee, Wisconsin, sells a unique combination of books and women’s shoes. Customers love to peruse her book inventory while trying on the latest in shoe fashions, often buying both books
> You are to add another depreciation schedule for What SUP. Use the ch4-01_SLN_student_name.xls worksheet you created in this chapter. Add a new depreciation worksheet, labeled Asset 1003, using the Move or Copy Shortcut menu. The asset to be depreciated
> You must have completed Case 3 in the previous chapter in order to continue working on this case. In the previous chapter you modified some forms for Snick’s Board Shop. Now Caitlin would like you to help her create some new reports. Make the following c
> You must have completed Case 4 in the previous chapter in order to continue working on this case. In the last chapter, you created some queries for Rosey’s Roses. Now the company would like you to help it create some forms to illustrate information from
> In the last chapter you created some queries for the Snick’s Board Shop. Now Caitlin would like you to help her create some forms to view information from the database. Make the following changes for Caitlin using the ch11-05_student_na
> Note: You must have completed Case 2 in the previous chapter in order to continue working on this case. In the last chapter you modified some queries for the Wine Depot. Now Barbara would like you to help her create some new forms. Make the following cha
> You must have completed Case 1 in the previous chapter in order to continue working on this case. In the last chapter you added and modified some queries for Kelly’s Boutique. She would now like you to create some new forms. Make the fo
> Note: You must have completed Case 4 in the previous chapter in order to continue working on this case. In the last chapter, you modified some tables for Rosey’s Roses. Now the company would like you to help it create some queries to ex
> You must have completed Case 3 in the previous chapter in order to continue working on this case. In the last chapter you modified some tables for the Snick’s Board Shop. Now Caitlin would like you to help her create some queries to extract information f
> In the last chapter you modified some tables for the Wine Depot. Now Barbara would like you to help her create some queries to extract some information from the database. Make the following changes for Barbara using the ch10- 04_student_name file you cre
> What SUP Partial Year Sum of the Year’s Digits Depreciation for Asset 1004 Create a new worksheet to calculate depreciation for a table purchased on August 1, 2017, for $95,000. It has an estimated salvage value of $2,000 and is to be depreciated over 10
> In the last chapter you added and modified some tables for Kelly’s Boutique. She would now like you to create, run, and print some select, parameter, and action queries. Make the following changes for Kelly, using the ch10-03_student_ n
> In Chapter 9, you created a database for Rosey’s Roses consisting of a Product table, a Type table, and a Grower table. You also created an initial query, form, and report. You have now been asked to make some changes to those files. Make the following c
> In Chapter 9 you created a database for the Snick’s Board Shop consisting of a Products table, a Category table, and a Manufacturer table. You also created an initial query, form, and report. Caitlin has now asked you to make some chang
> Note: You must have completed Case 2 in the previous chapter in order to continue working on this case. In Chapter 9 you created a database for the Wine Depot consisting of a Wine Products table, a Winery table, and a Buyer table. You also created an ini
> In Chapter 9 you created a database for Kelly’s Boutique consisting of a Book table, a Department table, and a Publisher table. You also created an initial form, query, and report. Kelly would now like you to make some adjustments to th
> Rosey’s Roses is interested in more effectively managing their inventory. They would like you to put together a database of their current inventory. Create a new database file using the information below. Name the file ch9-06_student_ n
> Snick’s Board Shop is interested in more effectively managing their inventory. Casey and Caitlin would like you to put together a database of their current inventory. Create a new database file using the information below. Name the file
> The Wine Depot is interested in more effectively managing their inventory. Barbara would like you to put together a database of their current wine inventory. Create a new database file using the following information and name the file ch9-04_student_name
> Recall from Chapter 2 that Kelly’s Boutique sells books as well as women’s shoes. Kelly’s son Casey, a college accounting student who is home for the holidays, is eager to help his mom incorporate com
> Rosey’s Roses is contemplating several alternative means of financing their acquisition of $100,000 in new equipment in year 1. One option is to borrow $80,000 from a local bank. The bank has asked them to produce a 3-year cash budget broken down by year
> Create a new worksheet to calculate depreciation for a table purchased on August 1, 2017, for $95,000. It has an estimated salvage value of $2,000 and is to be depreciated over 10 years using the double declining balance method. Follow the same process u
> The Wine Depot is contemplating several alternative means of financing their annual acquisition of $70,000 in equipment. One option is to borrow $300,000 from a local bank for 5 years at 11 percent per annum. The bank has asked them to produce a 4-year c
> Kelly’s Boutique is contemplating several means of financing their acquisition of $200,000 in special equipment. One alternative is to borrow $200,000 from a local bank for 10 years at 12 percent per annum. The bank has asked them to produce a 1-year cas
> Rosey’s Roses is considering several alternative means of financing an expansion. One alternative is to borrow $100,000 from a local bank, but another alternative is to borrow this amount from investors by issuing bonds. Both alternatives involve a 10-ye
> Snick’s Board Shop is considering several alternative means of financing an expansion. One alternative is to borrow $65,000 from a local bank, but another alternative is to borrow this amount from investors by issuing bonds. Both alternatives involve a 2
> Wine Depot is considering several alternative means of financing an expansion. One alternative is to borrow $500,000 from a local bank, but another alternative is to borrow this amount from investors by issuing bonds. Both alternatives involve a 3-year d
> Kelly’s Boutique is contemplating several alternative means of financing an expansion. One alternative is to borrow $425,000 from a local bank; another alternative is to borrow this amount from investors by issuing bonds. Both alternatives involve a 5-ye
> Rosey’s Roses owned the fixed assets shown below as of December 31, 2019: This assignment has no beginning student file. You are to create Rosey’s fixed asset depreciation worksheets using the straight-line depreciatio
> Snick’s Board Shop owned the fixed assets shown below as of December 31, 2018: You are to create Snick’s fixed asset depreciation worksheets using the straight-line depreciation method and based on the information in t
> The Wine Depot owned the following fixed assets as of December 31, 2018: You are to create Wine Depot’s fixed asset depreciation summary and individual depreciation worksheets using the straight-line depreciation method and based on the
> Create a new worksheet to calculate depreciation for a table purchased on August 1, 2017, for $95,000. It has an estimated salvage value of $2,000 and is to be depreciated over 10 years using the straight-line method. Follow the same process used in the
> Kelly’s Boutique owned the following fixed assets as of December 31, 2018: You are to create a fixed asset depreciation summary and individual depreciation worksheets for Kelly’s Boutique using the straight-line deprec
> You are to create a financial analysis for Rosey’s Roses as of December 31, 2022, and December 31, 2023. Following the Chapter 3 examples, use the student file ch3-07.xls to create a vertical analysis of the balance sheet and income statement as of Decem
> You are to create a financial analysis for Snick’s Board Shop as of December 31, 2017, and December 31, 2018. Following the Chapter 3 examples, use the student file ch3-06.xls to create a vertical and horizontal analysis of the balance sheet and income s
> You are to create Wine Depot’s financial analyses as of December 31, 2020, and as of December 31, 2021. Following the Chapter 3 examples, use the student file ch3-05.xls to create a vertical and horizontal analysis of the balance sheet and income stateme
> Use student file ch7-13 to solve 3 of these problems. This file has three worksheets labeled: Present and Future Values, Cost Prediction, and Allowance for Uncollectibles. Complete the file answering the questions below and then save the file as ch7-13_s
> Use student file ch7-13 to solve 3 of these problems. This file has three worksheets labeled: Present and Future Values, Cost Prediction, and Allowance for Uncollectibles. Complete the file answering the questions below and then save the file as ch7-13_s
> Use student file ch7-13 to solve 3 of these problems. This file has three worksheets labeled: Present and Future Values, Cost Prediction, and Allowance for Uncollectibles. Complete the file answering the questions below and then save the file as ch7-13_s
> The company is planning for the future and would like you to prepare a present value analysis. Using the file ch7-10, complete a present value analysis for the following situations. Save the file as ch7-10_student_name (replacing student_name with your n
> During a recent year, Snick’s Board Shop had sales on account of $45,000, collections of $45,500, write-offs of $800, a beginning balance in accounts receivable of $5,000, and a beginning balance in the allowance for uncollectible accounts of $300. At ye
> Snick’s Board Shop is trying to better understand the behavior of their utility expenses. They have accumulated utility expenses over the last 9 months and believe hours open per month are a good predictor of expense behavior. Utility expenses include el
> You are to create a depreciation chart for What SUP for Asset 1003. After completing assignments 1, 2, and 3, and following the steps shown in the chapter, create a new chart comparing straight-line, double declining balance, and sum-of-the-year’s digits
> The Wine Depot is planning for the future and would like you to prepare a present value analysis. Using the file ch7-07, complete a present value analysis for the following situations. Save the file as ch7-07_student_name (replacing student_name with you
> During a recent year, the Wine Depot had sales on account of $1,601,542, collections of $1,523,541, write-offs of $23,487, a beginning balance in accounts receivable of $758,271, and a beginning balance in the allowance for uncollectible accounts of $25,
> The Wine Depot is trying to better understand the behavior of their selling expenses. They have accumulated selling expenses over the last 6 months and believe units sold are a good predictor of expense behavior. Selling expenses include commissions on s
> Kelly is planning for the future and would like you to prepare a present value analysis. Using the file ch7-04 complete a present value analysis for the following situations. Save the file as ch7-04_student_name (replacing student_name with your name). P
> During a recent year Kelly’s Boutique had sales on account of $6,025,000, collections of $5,800,000, write-offs of $50,000, a beginning balance in accounts receivable of $500,000, and a beginning balance in the allowance for uncollectible accounts of $37
> Kelly has a very fluctuating workforce based on seasonal demand. She’s ranged from having 10 employees in one month to 35 employees in another month. Some employees are paid a salary, others are paid hourly. She would like to know more about how these co
> Open the report created in Assignment 2. Change the title of the report to Products by Buyer. Add lines to separate each buyer. Add a line above the grand total amount. Save the new report as Ch 13 Assignment 3. Make sure all values are visible and then
> Create a report using the Buyer Name, Product Name, Quantity, Unit Cost, and Total Cost fields present in the Buyer query. View the data by Buyers Table and group by Buyer Name. Use the summary option feature of Access to the sum Total Cost, showing deta
> Using the Ch13-02 file, create a report using all the fields present in the Buyer Query. View the data by Product Table with no grouping or summarization in a portrait orientation and adjusting the field width so all fields fit on a page. Title and save
> For each buyer name, create a form (using the Forms Wizard) that contains the product name, quantity, and unit price of each product that the buyer is responsible for. Use the sub-form option with a datasheet layout. Save the form as Ch 12 Assignment 7 a
> Create a Financial Analysis for What SUP, Inc. as of December 31, 2020. You are to create What SUP’s financial analysis as of December 31, 2020, from the information found on file ch3-03.xls. This file contains three worksheets, which are labeled Income
> Modify the Products form (not the Ch 12 Assignment 5 form you just created) by changing the Category ID text box control to a special combo box control, listing the choices of Category-ID and Category-Name from the Category table. (Hint: Be sure to first
> Add a new field (Taxable) to the Product Table. Make the field a Yes/ No data type. Add this new field to the Products form (not the Ch 12 Assignment 4 form you just created) to the right of the Reorder Level control. Make Product ID 116 taxable. Save th
> Sales-people earn a 10 percent commission on the price of each sale. Create a new unbound calculated control to compute the possible commission on each product. Modify the Products form (not the Ch 12 Assignment 3 form you just created) by adding a calcu
> Modify the Product form (not the Ch 12 Assignment 2 form you just created) by changing the Category ID text box control to a combo box control that lists choices of A, B, C, D, E, or F. Save the form as Ch 12 Assignment 3. Print the newly created form fo
> Modify the Products form by changing the Category ID text box control to a list box control that lists the choices as A, B, C, D, E, or F. Save the form as Ch 12 Assignment 2. Print the newly created form for Product ID 103.
> Using the Ch12-02 file, modify the Buyers form for What SUP so that it looks like Figure 12.40. Save this form as Ch 12 Assignment 1, and print record 1 using this form. Figure 12.40:
> a. Create and run an update query that increases the unit price for all products by 6 percent. Save this query as Ch 11 Assignment 7a. Create and print an additional query listing the product name and unit price after running the update query. Do not sav
> a. Create and print a select query that calculates the total sales value of all Flatwater SUPs in inventory. (Hint: You’ll need to use your completed query from assignment 5b as the source for this query. If you did not complete 5b, do it now. Format thi
> a. Create and print a select query that lists the product name unit price, unit cost, and unit gross profit for all products. Sorted in descending order by unit gross profit price. (Hint: You’ll need to create a computed field titled Unit Gross Profit wh
> a. Create and print a select query that lists the product name, unit cost, supplier name, and supplier contact name for any unit cost between $100 and $400, sorted in descending order by unit cost. Save this query as Ch 11 Assignment 4a before you print
> Create a Financial Analysis for What SUP, Inc. as of December 31, 2019. You are to create this financial analysis as of December 31, 2019, from the information found on file ch3-02.xls. This file contains three worksheets, which are labeled Income Statem
> a. Edit Query 1 by adding the field Postal-Code from the Supplier Table and deleting the field Stateor-Province. Save this query as Ch 11 Assignment 3a before you print it. b. Edit Query 2 to include the field Category Name and to include only the catego
> a. Create and print a select query that lists the product name, quantity, supplier contact name, and supplier phone number for any Inflatable SUPs. Save this query as Ch 11 Assignment 2a before you print it. b. Create and print a select query that lists
> a. Create and print a select query that lists the buyer name, buyer phone number, and product name of product number 234. (Hint: The product number should not appear on your printed query if you answered the question correctly.) Save this query as Ch 11
> Change the structure of the What SUP database (Use the Ch10-02 file; do not use the file you just updated in Assignment 1 or 2.) a. Add the following product to the Product table. Product-ID: 117; Product-Name: LadyG; Length: 8.5; Supplier-ID: 6; Categor
> Add pictures to the What SUP database (use the Ch10-02 file; do not use the file you just updated in Assignment 1) a. Add pictures for the remaining products in the Product table using the picture files provided. Each product has a picture associated wit
> Add, change, and delete records to the What SUP database (use the Ch10-02 file) a. Add the following record to the Buyers table: BuyerID 605, Farley, 555-7187. b. Add G as a CategoryID with a CategoryName of Women’s as a category to the Category table. c
> Explain the difference between a worksheet and a workbook.
> Why would you use conditional formatting?
> Refer to the front matter at the beginning of this text and then identify some new features in the 2016 version of Excel.
> Which tool is used to establish relationships between tables?
> Identify and describe the first three steps followed in the creation of a database.
