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PELLYKW7A4Problems

# PELLYKW7A4Problems - Chapter 26 Problems 5 8 11 Input boxes...

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Chapter 26 Problems 5, 8, 11 Input boxes in tan Output boxes in yellow Given data in blue Calculations in red Answers in green NOTE: Some functions used in these spreadsheets may require that the "Analysis ToolPak" or "Solver Add-in" be installed in Excel. To install these, click on "Tools|Add-Ins" and select "Analysis ToolPak" and "Solver Add-In."

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Chapter 26 Question 5 Input Area: Beginning A/R \$275 a. Collection period 45 b. Collection period 60 c. Collection period 30 Q1 Q2 Q3 Q4 Sales \$700 \$630 \$810 \$930 Output Area: a. 45 -day collection period Q1 Q2 Q3 Q4 Beginning receivables \$275.00 \$350.00 \$315.00 \$405.00 Sales 700.00 630.00 810.00 930.00 Cash collections (625.00) (665.00) (720.00) (870.00) Ending receivables \$350.00 \$315.00 \$405.00 \$465.00 b. 60 -day collection period Beginning receivables \$275.00 \$466.67 \$420.00 \$540.00 Sales 700.00 630.00 810.00 930.00 Cash collections (508.33) (676.67) (690.00) (850.00) Ending receivables \$466.67 \$420.00 \$540.00 \$620.00 c. 30 -day collection period Beginning receivables \$275.00 \$233.33 \$210.00 \$270.00 Sales 700.00 630.00 810.00 930.00 Cash collections (741.67) (653.33) (750.00) (890.00) Ending receivables \$233.33 \$210.00 \$270.00 \$310.00
Chapter 26 Question 8 Input Area: Purchases (% of sales) 75% Projected sales Q(1) next year \$970 Expenses (% of sales)

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