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Hi, I need Accounting help please. Attached herein is the problem and the instructions necessary to complete the problem. Thanks. The data for this problem
Hi, I need Accounting help please. Attached herein is the problem and the instructions necessary to complete the problem.
Thanks.
The data for this problem is on pages 421-422 of your textbook. Skim read through all of the data as it is not all given in the order you need it. You are completing a comprehensive budget using Excel. This one is long and demonstrates the power of Excel for the many computations needed for a budget. Start early, ask questions if you get stuck. Use formulas for any math operations instead of a calculator on the side. Be aware that not every item in the last column is the total of the preceding columns. The starting amount of a quarter is the starting amount from the first column only, not the total of all columns. The ending amount of a quarter is the ending amount of the last monthly column only, not the total of all monthly ending amounts (these are common errors). Is this as clear as mud? Start working on it and if you get stuck then read this again. Additional tips: letter g, ending finished goods budget: most of this schedule is determining the cost of ONE unit Cash budget: be careful entering totals from other schedules--if there is a noncash expense (think: depreciation) do not include it in cash disbursements although the book notes that any cash loan is paid at the end of the quarter, that is incorrect. In February pay back the Jan. loan and the interest and show payments (cash outflows) as a negative amountStep by Step Solution
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