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. Include a bond amortization schedule and use names in the worksheet, as illustrated in the chapter (You will also need to format the cells.) Save your file as ch5-04_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. b. Use the Scenario Manager to create a scenario using stated rates of 3, 3.5, 4.5, and 6 percent to calculate alternative annual interest payments and bond proceeds. Print the resulting summary worksheet. c. Use Excel’s goal seek feature to calculate the stated interest rate it would have to pay under the original bond analysis (in part a) to achieve bond proceeds of $2,600,000. 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.
> 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.
> Explain the arguments used in the SUM function.
> 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?
> 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.
> How and why are wildcards used in a query?
> Describe the process for using criteria in a query using the Design view method.
> When might you use a delete query?
> Describe the difference between the Query Wizard and Design view methods of creating a query.
> What is referential integrity?
> What are input masks?
> Modify What SUP’s Sum-of-the-Year’s Digits Depreciation Schedule You are to add another depreciation schedule for What SUP. Use the ch4-01_SYD_student_name worksheet you created in this chapter. Add a new depreciation worksheet, labeled Asset 1003, using
> Why would you establish default values for a field?
> What is the process for adding a validation rule to a field?
> What do validation rules do?
> Why would you want to change the column width and/or row height of a table?
> What can you do in Access to change the structure of a database?
> Define OLE.
> What rules must be followed if referential integrity is enforced?
> Describe the process for deleting a record from a table.
> How are controls used to create forms?
> From where does most of the information in a form come?
> You are to add another depreciation schedule for What SUP. Use the ch4-01_DDB_student_name 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 is t
> Create a trial balance for What SUP as of March 31, 2019 You are to create a trial balance in a format identical to that created in this chapter. Include a debit and credit column, totals for each column, and appropriate labels and formatting. Start with
> On June 1, 2019, Father sold land to Son for $300,000. Father reported the gain by the installment method, with the gain to be spread over five years. In May 2021, Son received an offer of $400,000 for the land, to be paid over three years. What would be
> A seller and a buyer agree that the sales/purchase price for land is $1,500,000 down and two annual payments of $1,500,000 each to be made over the next two years. The buyer intends to construct a building on the land that will be used as the buyer’s war
> Mallard Corporation was formed in December 2021 and plans to use the cash basis of accounting. Mallard incurred one-half of its organizational expenses in December 2021 and one-half in January 2022. The payment of these expenses also occurred in these tw
> What conditions cause the golden parachute rules to apply?
> Sanjay Henry calls you and asks about setting up a savings incentive match plan for his employees (SIMPLE). Prepare a memo for the tax files with your response.
> Bob is notified by the city public housing authority on May 3, 2021, that his apartment building is going to be condemned as part of a commercial development project. On June 1, 2021, Stella offers to buy the building from Bob. Bob sells the building to
