Using Microsoft Excel and Access 2016 for Accounting 5th Edition Owen Solutions Manual download
Uploaded by
howickngoepeUsing Microsoft Excel and Access 2016 for Accounting 5th Edition Owen Solutions Manual download
Uploaded by
howickngoepeUsing Microsoft Excel and Access 2016 for Accounting
5th Edition Owen Solutions Manual download pdf
https://testbankdeal.com/product/using-microsoft-excel-and-
access-2016-for-accounting-5th-edition-owen-solutions-manual/
Visit testbankdeal.com today to download the complete set of
test banks or solution manuals!
We have selected some products that you may be interested in
Click the link to download now or visit testbankdeal.com
for more options!.
Using Excel and Access for Accounting 2010 3rd Edition
Owen Solutions Manual
https://testbankdeal.com/product/using-excel-and-access-for-
accounting-2010-3rd-edition-owen-solutions-manual/
Statistics For Managers Using Microsoft Excel 7th Edition
Levine Solutions Manual
https://testbankdeal.com/product/statistics-for-managers-using-
microsoft-excel-7th-edition-levine-solutions-manual/
Statistics for Managers Using Microsoft Excel 8th Edition
Levine Solutions Manual
https://testbankdeal.com/product/statistics-for-managers-using-
microsoft-excel-8th-edition-levine-solutions-manual/
Nutrition A Functional Approach Canadian 3rd Edition
Thompson Test Bank
https://testbankdeal.com/product/nutrition-a-functional-approach-
canadian-3rd-edition-thompson-test-bank/
Database Systems Design Implementation and Management 11th
Edition Coronel Test Bank
https://testbankdeal.com/product/database-systems-design-
implementation-and-management-11th-edition-coronel-test-bank/
International Accounting 7th Edition Choi Solutions Manual
https://testbankdeal.com/product/international-accounting-7th-edition-
choi-solutions-manual/
College Algebra 12th Edition Gustafson Test Bank
https://testbankdeal.com/product/college-algebra-12th-edition-
gustafson-test-bank/
Payroll Accounting 2016 26th Edition Bieg Solutions Manual
https://testbankdeal.com/product/payroll-accounting-2016-26th-edition-
bieg-solutions-manual/
Pharmacology A Patient Centered Nursing Process Approach
8th Edition McCuistion Test Bank
https://testbankdeal.com/product/pharmacology-a-patient-centered-
nursing-process-approach-8th-edition-mccuistion-test-bank/
Learning and Behavior 7th Edition Paul Chance Solutions
Manual
https://testbankdeal.com/product/learning-and-behavior-7th-edition-
paul-chance-solutions-manual/
CHAPTER 7
OTHER TOPICS: PRESENT/FUTURE VALUES,
PREDICTING COSTS, & ALLOWANCE FOR
UNCOLLECTIBLE ACCOUNTS
CHAPTER 7 QUESTIONS
1. Present value problems have 5 variables: interest rate, term, annuity payment, future value, and
present value.
2. The present value function in Excel is written PV(rate,nper,pmt,fv,type). PV stands for present value.
The arguments to that function are contained within the parentheses. The rate is the periodic interest
rate, nper is the number of periods, pmt is the periodic annuity payment, fv is the lump sum future
value, and type represents ordinary annuity or annuity due which basically indicates whether
payments are made at the beginning or ending of the period in question.
3. The PMT function in Excel is written PMT(rate,nper,pv,[fv],[type]). The arguments to that function are
contained within the parentheses. The rate is the periodic interest rate, nper is number of payments,
pv is the lump sum present value, fv is the lump sum future value, and type represents ordinary
annuity or annuity due which basically indicates whether payments are made at the beginning or
ending of the period in question.
4. The FV function takes very similar arguments to the PV function you just described. It is written
FV(rate,per,pmt,pv,type) where pv and type are optional.
5. The Min and Max functions built-in to Excel are used to help calculate the high and low costs in the
Hi-Lo method of predicting costs.
6. The Slope and Intercept functions of Excel are used in the Least Squares/Regression method. The
Slope function provides the slope of a line (in other words variable costs per unit) defined by two
arguments: known y’s and known x’s. In our case the known y’s are the actual costs and the known
x’s are actual days open. Both are located on our worksheet in an array of cells located at E5 to E16
and D5 to D16 respectively. The Intercept function takes the same two arguments and provides the
value of costs incurred when units are zero (in other words fixed costs).
7. On the Layout tab, in the Analysis group, click Trendline and then select Linear Trendline. (Office 365
users select Add Chart Element in the Charts Layout group and then Trendlines and Linear
Trendlines.)
8. In the percent of sales method, you multiply an estimated uncollectible accounts percentage times
sale to determine uncollectible accounts expense. That amount is then added to the existing balance
in the allowance for uncollectible accounts to determine the ending balance.
9. In the aging method you multiply an estimated uncollectible account percentage times an aging of
accounts receivable and then add them up to determine the ending allowance balance. To determine
uncollectible accounts expense you subtract the existing allowance balance from the newly
calculated ending balance.
10. The two methods are basically the same. The percent of sales method calculates the uncollectible
accounts expense which then dictates the ending allowance for uncollectible accounts balance. On
the other hand, the aging method calculates the ending allowance for uncollectible accounts balance
which then dictates the uncollectible accounts expense.
1|P a g e
CHAPTER 7 ASSIGNMENTS
1. Create a new What SUP Present Value Analysis
2|P a g e
2. Create a new What SUP Cost Analysis
3|P a g e
3. CREATE A NEW WHAT SUP ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS
ANALYSIS
4|P a g e
CHAPTER 7 CASES
Case Problem 1: Kelly’s Boutique
1.
5|P a g e
2.
6|P a g e
3.
7|P a g e
Case Problem 2: Wine Depot
1.
8|P a g e
2.
9|P a g e
3.
10 | P a g e
Case Problem 3: Snick’s Board Shop
1.
11 | P a g e
2.
12 | P a g e
3.
13 | P a g e
Case Problem 4: Rosey’s Roses
1.
14 | P a g e
2.
15 | P a g e
Random documents with unrelated
content Scribd suggests to you:
back
back
back
back
back
back
back
back
back
back
back
back
back
back
back
back
back
back
back
Welcome to our website – the perfect destination for book lovers and
knowledge seekers. We believe that every book holds a new world,
offering opportunities for learning, discovery, and personal growth.
That’s why we are dedicated to bringing you a diverse collection of
books, ranging from classic literature and specialized publications to
self-development guides and children's books.
More than just a book-buying platform, we strive to be a bridge
connecting you with timeless cultural and intellectual values. With an
elegant, user-friendly interface and a smart search system, you can
quickly find the books that best suit your interests. Additionally,
our special promotions and home delivery services help you save time
and fully enjoy the joy of reading.
Join us on a journey of knowledge exploration, passion nurturing, and
personal growth every day!
testbankdeal.com
