Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Plz give explanation on how to make this in edcelxcel using the necessary formula and plz give complete solution Task 1 Prepare a budget in

Plz give explanation on how to make this in edcelxcel using the necessary formula and plz give complete solution
Task 1Prepare a budget in ExcelTotal: 76 MarksConstruct a budget for the six months ending 31 December 2024 for "Rainey Dey - Umbrella Emporium" using Excel.All dollar amounts should be shown to zero (0) decimal places.Base the budget on the following information:Rainey Dey has been running a business as a sole trader for two (2) years. The business purchases Sun Umbrellas from an importer and sells them online throughout New Zealand. Rainey has asked you to prepare a budget for the six months from July to December.There are three (3) different products that the business purchases and sells: Pipsqueak Umbrella, Everyday Umbrella and Jumbo Umbrella.Due to international supply chain problems, the costs of the Umbrellas are expected to rise over the following months. Rainey's supplier has provided forecast purchases prices for the budget period as follows:As cost of goods is increasing, Rainey plans to increase the sales price of the Pipsqueak and Everyday Umbrellas in September, as indicated in the following table:The business is slowing growing with budgeted sales for the three products, in units, from June to January are shown in the following table:Te Pkenga Assessment Guide | ACCY5104 Budgets for Planning and ControlTe PukengaSales PricesProductJune to AugustSeptember to JanuaryPipsqueak Umbrella$17.00$20.00Everyday Umbrella$19.00$22.00Jumbo Umbrella$28.00$28.00Sales VolumesMonthPipsqueak UmbrellaEveryday UmbrellaJumbo UmbrellaJune160120100July160120100August162120100September162120100October170120100November170135100December170135100January170135100
Task 1
Prepare a budget in Excel
Total: 76 Marks
Construct a budget for the six months ending 31 December 2024 for "Rainey Dey - Umbrella Emporium" using Excel.
All dollar amounts should be shown to zero (0) decimal places.
Base the budget on the following information:
Rainey Dey has been running a business as a sole trader for two (2) years. The business purchases Sun Umbrellas from an importer and sells them online throughout New Zealand. Rainey has asked you to prepare a budget for the six months from July to December.
There are three (3) different products that the business purchases and sells: Pipsqueak Umbrella, Everyday Umbrella and Jumbo Umbrella.
Due to international supply chain problems, the costs of the Umbrellas are expected to rise over the following months. Rainey's supplier has provided forecast purchases prices for the budget period as follows:
\table[[Purchase Prices,],[Product,June to October,November to January],[Pipsqueak Umbrella,$11.00,$13.00
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Options Futures And Other Derivatives

Authors: John Hull

9th Global Edition

1292212896, 9781292212890

More Books

Students also viewed these Accounting questions

Question

What is the link to your shared folder?

Answered: 1 week ago

Question

what is the definition of net balance?

Answered: 1 week ago