Professional Documents
Culture Documents
MEMO COMMENTS:
This is an individual project and should be your own work.
3. Add a footer to your spreadsheet. Left justify the file path to your workbook and right justify the date and time.
4. Format your file to print in landscape form
5. Make sure all columns are shown on one page.
6. Insert a page break at a natural schedule break (do not break a schedule on two pages)
7. Perform a print preview to make sure your form prints on 3 pages and is readable.
Instructions:
1. All details regarding Part A are recorded in the "Part A Details" tab.
2. Complete the "Part A Form" tab, entering formulas into each cell marked with a ?. There should be minimal hand typed numbers in your spreadsheet. If y
4. To earn up to 5 additional extra credit points on part A, utilize the "Part A Data" tab to design a data depository for creating "what-if" scenarios for the co
PART A - 35 POINTS
your spreadsheet. If your cell requires a formula, I would expect to see one.
The company desires a minimum ending cash balance each month of $10,000. The ties are sold to retailers for $8 each. Recent
units are as follows:
The large buildup in sales before and during June is due to Father's Day. Ending inventories are supposed to equal 90% of the n
units. The ties cost the company $5 each.
Purchases are paid for as follows: 50% in the month of purchase and the remaining 50% in the following month. All sales are o
discount, and payable within 15 days. The company has found, however, that only 25% of a month's sales are collected by mont
50% is collected in the following month, and the remaining 25% is collected in the second month following sale. Bad debts hav
The company's monthly selling and administrative expenses are given below:
All selling and administrative expenses are paid during the month, in cash, with the exception of depreciation and insurance exp
purchased during May for $25,000 cash. The company declares dividends of $12,000 each quarter, payable in the first month of
The company's balance sheet at March 31 is given below:
The company has an agreement with a bank that allows it to borrow in increments of $1,000 at the beginning of each month, up
of $140,000. The interest rate on these loans is 1% per month, and for simplicity, we will assume that interest is not compounde
quarter, the company would pay the bank all of the accumulated interest on the loan and as much of the loan as possible (in incr
while still retaining at least $10,000 in cash.
Required:
Prepare a master budget for the three-month period ending June 30. Include the following detailed budgets:
Sales Budget
April May June Quarter
Budgeted sales in units 35,000 45,000 60,000 140,000
Selling price per unit $8.00 $8.00 $8.00 $8.00
Total sales $280,000.00 $360,000.00 $480,000.00 $1,120,000.00
A merchandise purchases budget in units and in dollars. Show the budget by month and in total.
Unit cost ? ? ? ?
Required dollar purchases ? ? ? ?
A schedule of expected cash disbursements for merchandise purchases, by month and in total.
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A cash budget. Show the budget by month and in total. Some expenses do NOT apply to a cash budget (Cash deficiency, repayments and interest should be indicated by a minus sign.)
Financing:
Borrowings ? ? ? ?
Repayments ? ? ? ?
Interest ? ? ? ?
Total financing ? ? ? ?
Ending cash balance ? ? ? ?
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A budgeted income statement for the three-month period ending June 30. Use the contribution approach.
file:///var/www/apps/conversion/tmp/scratch_3/352918358.xlsx 04/26/201703:16:02
Data areas must be properly formatted, labeled, and then utilized in formula creation for Part A Form t
If you choose to do this tab, prepare this tab as if you would for an employer who would be utilizing it
ion for Part A Form tab.
would be utilizing it to create "what-if" scenarios for future budgets.
This is an individual project and should be your own work.
3. Add a footer to your spreadsheet. Left justify the file & path to your workbook and right justify the date and time.
4. Format your file to print in portrait orientation
5. Margin should be Left/Right - 0.5 and Top/Bottom - 0.75
6. Perform a print preview to make sure your form prints on 1 page and is readable.
7. Make sure these formatting instructions are on both the "form" and the "scenario" tab. (You will create the scenario
Case Notes:
You are tasked to complete a performance report for the year ended December 31, 2019. RK Installation Company is
Scenario) that will allow the owner to play with all data numbers to see the impact of potential decisions being made.
Instructions:
1. Complete the "Part B Form" tab, entering formulas into each cell marked with a ?. There should be no hand typed n
2. Enter F or U in columns D & G respectively. 2 extra points awarded if you can construct a formula instead of just t
3. Save your worksheet. Then, check your worksheet by changing the revenue in cell D8 to $537.50; the cost of inve
4. Once your spreadsheet is correct, change your spreadsheet back to the original numbers.
5. Using the data on "Part B Form" tab (original data), write a memo (in Microsoft Word) to the owner of RK Installa
6. Make a copy of the "Part B Form" tab, paste it as the last tab of the entire spreadsheet, and rename the new tab "Pa
7. Revise the data in your "Part B Scenario" tab to reflect the results for the following year:
Data
Revenue
Cost of inventory
Wages and salaries
Utilities
Rent
Insurance
Miscellaneous
Actual results:
Revenue
Cost of inventory
Wages and salaries
Utilities
Rent
Insurance
Miscellaneous
et.
d now be $15,475.35 and the revenue and spending variance for net operating income should be $10,009.50. If you do not get the
anations for these variances. Memo must be clear, concise and no more than 1 page long.
Fixed Cost
$30,600
$3,850
$10,000
$1,250
$1,444
$290,001
$110,204
$57,494
$3,855
$9,500
$6,500
$15,250
PART B - 15 POINTS
nce report. After the performance report is correct, you will be creating a "what-if" scenario tab (named Part B
not get these answers, find the errors in your worksheet and correct them.
Revenue & Cost Revenue & Cost
Per Door Per Window
$668.00 $ 533.00
$242.00 $199.50
$26.90 $71.80
$1.50 $2.36
$41.00 $35.00
Actual results:
Revenue $274,899
Cost of inventory $102,045
Wages and salaries $65,198
Utilities $2,077
Rent $7,500
Insurance $4,500
Miscellaneous $17,328
U/F may be hand entered; +2 bonus points if you construct an IF statement to have the answer automatically populate
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