PELLYKW7A4Problems

PELLYKW7A4Problems - Chapter 26 Problems 5 8 11 Input boxes in tan Output boxes in yellow Given data in blue Calculations in red Answers in green

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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
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This note was uploaded on 02/12/2012 for the course MBA 551 taught by Professor Smith during the Spring '11 term at Indiana Wesleyan.

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PELLYKW7A4Problems - Chapter 26 Problems 5 8 11 Input boxes in tan Output boxes in yellow Given data in blue Calculations in red Answers in green

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