Excel Applications for Accounting Principles
4th Edition
ISBN: 9781111581565
Author: Gaylord N. Smith
Publisher: Cengage Learning
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Question
Chapter 1, Problem 7R
To determine
Provide a chart that explains whether withdrawal amount that decreases the cash percentage to 50%.
To determine
Complete the transactions on the worksheet and save under the head PTRANST.
To determine
Provide a 3-D pie chart that shows the relative percentages of the balance of the liability and equity accounts.
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Complete your calculations by filling in the highlighted cells. Discuss your observations about the way cash is collected if the company needs $150,000 per month for expenses.
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O Current Assets
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O You should do nothing, and carry it over to the next accounting year.
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Assume that you are nearing graduation and have applied for a job with a local bank. As part of the bank's evaluation process, you have been asked to take an examination that covers several financial analysis techniques. The first section of the test addresses time value of money analysis. See how you would do by answering the following questions.
Draw time lines for: (a) a $2000 lump sum cash flow at the end of year 4, (b) an ordinary annuity of $1000 per year for 5 years, and (c) an uneven cash flow stream of -$450, $1000, $650, $850 and $500 at the end of years 0 through 4.
Chapter 1 Solutions
Excel Applications for Accounting Principles
Ch. 1 - On June 1 of the current year, Wilson Wood opened...Ch. 1 - On June 1 of the current year, Wilson Wood opened...Ch. 1 - On June 1 of the current year, Wilson Wood opened...Ch. 1 - On June 1 of the current year, Wilson Wood opened...Ch. 1 - On June 1 of the current year, Wilson Wood opened...Ch. 1 - On June 1 of the current year, Wilson Wood opened...Ch. 1 - Prob. 7R
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