Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

How do you set the formulas up in excel? I need to wo rk this problem out using excel without hardcoding the numbers. a) Prepare

How do you set the formulas up in excel? I need to woimage text in transcribedrk this problem out using excel without hardcoding the numbers.

a) Prepare purchase budget as follows: DB Department store Monthly purchase budget Quarterly ending June 30,2017 April $42,000 $48,000 May June $60,000 Total $60,000 S.no Particulars 1 Ending inventories [50% pof next month cost of goods sold] 2 Cost of goods sold 3 Beginning inventory [120%$35,000] [120%$40,000] [120%*$50,000] $30,000 $35,000 $40,000 $36,000 S42,000 $48,000 [120%$30,000] $36,000 $41,000 $52,000 $105,000 $36,000 4 Purchases (1+2-3] $129,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions