Each service starts on a different date because the services depend on each other. Enter the starting dates for the remaining services as follows:
a. In cell D6, enter a formula without using a function that adds 4 days to the value in cell 06.
b. In cell E6, enter a formula without using a function that subtracts 3 days from the value in cell C6
c. In cell F6, enter a formula without using a function that adds 2 days to the value in cell E6
d. In cell G6, enter a formula without using a function that adds 2 days to the value in cell C6.

Answers

Answer 1

Answer:

a. Copy the range of cell D7:D9 then select cell D6 and paste the selection with date format selected. The function will be represented in formula bar with adding +4;365 days.

b. Copy the range of cell D7:D9 then select cell D6 and paste the selection with date format selected. The function will be represented in formula bar with adding -3;365 days.

c. In the formula bar type =365 days; +2 : E6

d. In the formula bar type =365 days ; +2 : C6

Explanation:

Excel is a software which helps the users to easily calculate complex calculation with just one function input. The users can create worksheets using the excel and then link those worksheets with each other. The data can be displayed in the form of table or simple text. It has multiple options to create annual day wise filtered worksheets.


Related Questions

Smith and Sons, Inc. Income Statement (in millions)

2016 2015
Net sales 10,300 9,800
Cost of goods sold (5,500) (5,200)
Gross profit 4,800 4,600
Selling and administrative expenses (2,800) (2,700)
Income from operations 2,000 1,900
Interest expense (300) (250)
Income before income taxes 1,700 1,650
Income tax expense (420) (400)
Net income 1,280 1,250

Smith and Sons, Inc. Balance Sheet

Assets
Current assets
Cash and cash equivalents 450 650
Accounts receivable 900 800
Inventory 750 900
Other current assets 400 250
Total current assets 2,500 2,600
Property, plant & equipment, net 2,350 2,250
Other assets 5,700 5,900
Total Assets 10,550 10,750

Liabilities and Stockholders' Equity
Current liabilities 3,250 3,150
Long-term liabilities 5,000 5,400
Total liabilities 8,250 8,550
Stockholders' equity-common 2,300 2,200
Total Liabilities and Stockholders' Equity 10,550 10,750

Required:
Calculate the quick ratio for Smith & Sons, Inc., for 2015 and 2016.

Answers

Answer:

2015 Quick Ratio 0.54

2016 Quick Ratio 0.54

Explanation:

Calculation to determine the quick ratio for Smith & Sons, Inc., for 2015 and 2016

Using this formula

Quick Ratio = Quick assets/Current liabilities

Let plug in the formula

2015 Quick Ratio = (2,600-900)/3150

2015 Quick Ratio= 0.54

2016 Quick Ratio = (2500-750)/3,250

2016 Quick Ratio = 0.54

Therefore the quick ratio for Smith & Sons, Inc., for 2015 is 0.54 and 2016 is 0.54

Old Economy Traders opened an account to short-sell 1,300 shares of Internet Dreams at $46 per share. The initial margin requirement was 50%. (The margin account pays no interest.) A year later, the price of Internet Dreams has risen from $46 to $59, and the stock has paid a dividend of $3.50 per share. a. What is the remaining margin in the account? (Round your answer to the nearest whole dollar.)

Answers

Answer: $8450

Explanation:

First, we need to calculate the total initial asset which will be the value of shares sold and the margin which will be:

= (1300 × $46) + (50% × 1300 × $46)

= $59800 + $29900

= $89700

We will then calculate total liability which will be:

= (1300 × $59) + (1300 × $3.50)

= $76700 + $4550

= $81250

The remaining margin will then be:

= $89700 - $81250

= $8450

Patricia purchased a home on January 1, 2017 for $1,420,000 by making a down payment of $100,000 and financing the remaining $1,320,000 with a 30-year loan, secured by the residence, at 6 percent. During year 2017 and 2018, Patricia made interest-only payments on the loan of $79,200. What amount of the $79,200 interest expense Patricia paid during 2018 may she deduct as an itemized deduction

Answers

Answer: $60,000

Explanation:

The maximum amount deductible is based on a mortgage of $1,000,000 and the interest rate of the mortgage being paid.

Interest on $1,000,000 at 6% is:

= 6% * 1,000,000

= $60,000

Only $60,000 of the $79,200 may be deducted.

how can a writer be grief when writing professional letters



A. By adding a writer be brief when writing professional letters


B. By adding background information


C. By avoiding words that end in " Ize or ton"


D. By writing a concise letters that addresses your purpose

Answers

The correct answer is D

Answer:

D. By writing a concise letters that addresses your purpose

Explanation:

Got it right.

A wedding party hired a sole proprietorship to cater their wedding, and the sole proprietorship had an employee handle the entire job. If the entire wedding party gets food poisoning, the principal is liable. The employee of the sole proprietorship is also liable because he handled the entire job.

pls dont spam me need halp

Answers

Answer:

yes because he was put in charge of the whole operation

Determining Amounts to be Paid on Invoices Determine the amount to be paid in full settlement of each of the following invoices, assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period. Merchandise Freight Paid by Seller Terms Returns and Allowances a. $14,200 - FOB shipping point, 1/10, n/30 $700 b. 10,700 $400 FOB shipping point, 2/10, n/30 1,300 c. 5,700 - FOB destination, 1/10, n/30 500 d. 3,800 200 FOB shipping point, 2/10, n/30 500 e. 1,500 - FOB destination, 2/10, n/30 -

Answers

Answer:

a. Amounts to be Paid on Invoice = $12,150

b. Amounts to be Paid on Invoice = $7,920

c. Amounts to be Paid on Invoice = $4,680

d. Amounts to be Paid on Invoice = $2,840

e. Amounts to be Paid on Invoice = $1,200

Explanation:

a. $14,200 - FOB shipping point, 1/10, n/30 $700

Amounts to be Paid on Invoice = ($14,200 - $700) * (10/10 - 1/10) = $12,150

b. 10,700 $400 FOB shipping point, 2/10, n/30 1,300

Amounts to be Paid on Invoice = (($10,700 - $1,300) * (10/10 - 2/10)) + $400 = $7,920

c. 5,700 - FOB destination, 1/10, n/30 500

Amounts to be Paid on Invoice = ($5,700 - $500) * (10/10 - 1/10) = $4,680

d. 3,800 200 FOB shipping point, 2/10, n/30 500

Amounts to be Paid on Invoice = (($3,800 - $500) * (10/10 - 2/10)) + $200 = $2,840

e. 1,500 - FOB destination, 2/10, n/30 -

Amounts to be Paid on Invoice = $1,500 * (10/10 - 2/10) = $1,200

Manufacturers Southern leased high-tech electronic equipment from International Machines on January 1, 2021. International Machines manufactured the equipment at a cost of $94,000. Manufacturers Southern's fiscal year ends December 31. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Related Information: Lease term 2 years (8 quarterly periods) Quarterly rental payments $18,200 at the beginning of each period Economic life of asset 2 years Fair value of asset $138,287 Implicit interest rate 6% Required: 1. Show how International Machines determined the $18,200 quarterly lease payments. 2. Prepare appropriate entries for International Machines to record the lease at its beginning, January 1, 2021, and the second lease payment on April 1, 2021.

Answers

Answer:

1. $18,200 per quarter

2. 1-Jan-21

Dr Lease Receivable $138,287

Dr Cost of Goods Sold $94, 000

Cr Inventory of Equipment $94,000

Cr Sales Revenue $138,287

Dr Cash $18,200

Cr Lease Receivable $18,200

1-Apr-21

Dr Cash $18,200

Cr Lease Revenue $1,801

Cr Lease Receivable $16,399

Explanation:

1. Calculation to Show how International Machines determined the $18,200 quarterly lease payments

First step is to find the Present value of annuity at period start

Lease term=n = 2 x 4 quarters

Lease term=n= 8 periods

Fair value of asset = $138,287

Implicit interest rate, i = 6%, quarterly rate = 6%/4 Implicit interest rate= 1.5%

Present value of annuity at period start at 1.5%, 8 periods

Present value of annuity at period start = 7.5982

Now let determine the quarterly payments

Quarterly payments= $138,287/7.5982

Quarterly payments = $18,200 per quarter

Therefore the quarterly lease payments is $18,200

2) Preparation of the appropriate entries for International Machines to record the lease at its beginning, January 1, 2021, and the second lease payment on April 1, 2021.

1-Jan-21

Dr Lease Receivable $138,287

Dr Cost of Goods Sold $94, 000

Cr Inventory of Equipment $94,000

Cr Sales Revenue $138,287

(To record lease at its beginning)

Dr Cash $18,200

Cr Lease Receivable $18,200

(To record lease at its beginning)

1-Apr-21

Dr Cash $18,200

Cr Lease Revenue $1,801

Cr Lease Receivable $16,399

(To record second lease payment)

Calculation of lease revenue as on April 1, 2021

Lease revenue = ($138,287 – $18,200) x 1.5%

Lease revenue= $120,087×1.5%

Lease revenue= $1,801

Lease receivable = $18,200 – $1,801

Lease receivable = $16,399

Park Co.'s wholly-owned subsidiary, Schnell Corp., maintains its accounting records in German marks. Because all of Schnell's branch offices are in Switzerland, its functional currency is the Swiss franc. Remeasurement of Schnell's 20X1 financial statements resulted in a $7,600 gain, and translation of its financial statements resulted in an $8,100 gain. What amount should Park report as a foreign exchange gain in its income statement for the year ended December 31, 20X1

Answers

Answer: $7600

Explanation:

The amount that Park should report as a foreign exchange gain in its income statement for the year ended December 31, 20X1 will be $7600.

We should note that when we want to determine the net income for a particular period, the translatation adjustments will not be included. Therefore the $8100 gain won't be included in the calculation. Hence, Park should report only $7600 gain.

In its first year of operations, Crane Company recognized $31,700 in service revenue, $7,700 of which was on account and still outstanding at year-end. The remaining $24,000 was received in cash from customers. The company incurred operating expenses of $16,600. Of these expenses, $12,690 were paid in cash; $3,910 was still owed on account at year-end. In addition, Crane prepaid $3,260 for insurance coverage that would not be used until the second year of operations.

Required:
Calcuate the first year's net earnings under the cash basis of accounting, and calculate the first years net earnings under the accrual basis of accouriting.

Answers

Answer:

Under the cash basis, expenses and revenue are recorded in the period the cash is received or spent.

Under the Accrual basis, expenses and revenue are recorded in the period incurred.

Under Cash basis:

= Cash Revenue - cash expenses - Prepaid expenses

= 24,000 - 12,690 - 3,260

= $8,050

Under Accrual basis:

= Revenue for the year - Expenses for the year

= 31,700 - 16,600

= $15,700

The CEO is considering your recommendations, and it will take time to make some of these changes. However, you know that it's not just the structure of the department that is stifling creativity. You believe that the culture could be significantly improved, and you want to start working on these issues ASAP. It will be a slow process to make some of these changes, but the time to get started is now. You have a lot of ideas, but only a few should be implemented initially. Which three do you think should be started immediately

Answers

Explanation:

1- Hire an organizational consultancy specialized in diagnostics and solutions to improve the organizational culture, as an external view can be beneficial to perceive the organization free of bias.

2- Planning of the teams' routine and better redesign and definition of the functions of each employee, seeking greater integration and personal satisfaction with the work, which increases productivity and the valorization of the work.

3- Implementing changes in the way of communicating with the teams and providing feedback, clear and objective communication is essential for there to be a correct understanding of what is expected of each team and how to carry out the tasks to achieve the organizational objectives and goals.

Crane Sporting Goods expects to have earnings per share of $6 in the coming year. Rather than reinvest these earnings and grow, the firm plans to pay out all of its earnings as a dividend. With these expectations of no growth, Crane's current share price is $60 and the cost of equity capital is 10%. Suppose Crane could cut its divident payout rate to 75% for the foreseeable future and use the retained earnings to open new stores. The return on investment in these stores is expected to be 12%. if we assume that the risk of these new investments is the same as the risk of its existing investments, then the firm's equity cost of capital is unchanged. What effect would this new policy have on Crane's stock price

Answers

Answer:

Stock price increases

Explanation:

We need to determine the stock price with the new policy

Stock price can be determined using the constant growth dividend model

according to the constant dividend growth model

price = d1 / (r - g)

d1 = next dividend to be paid

r = cost of equity

g = growth rate

growth rate = retention rate x Return on investment

Retention rate = 1 - payout ratio = 1 - 0.75 = 0.25

growth rate = 0.25 x 12 = 3%

Stock price = 6/(0.10 - 0.03) = $85.71

Under the new policy, stock price increases

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