Implement a spreadsheet to calculate payments, Financial Accounting

Assignment Help:

Tony is a salesperson at a local auto showroom. He asks you to assist him in developing a tool for calculating purchase and lease payments. He has already developed a draft of the problem but he needs help making it easier to use. Tony has some ideas about what the workbooks should contain. He has one sheet named "Sales Support" which consolidates the various data entry and results needed to price a car under various options. A second sheet, named "Loan Rate Sheet" contains the annual loan rates available from several local banks. A third worksheet, labeled "Do Not Delete" contains information about bank loan rates - it's confidential, so it is hidden and protected from you. Leave it in place as is.  A fourth sheet, "Calculations", is for your use to perform intermediate calculations as you see fit.

He has provided a draft of the workbook, which is available on Blackboard.  The green areas are where you make modifications to the interface. Users of the spreadsheet will not need to change other sections.

Your tasks:

Create a payment calculator on the Sales Support worksheet.   

First, open the draft worksheet and save it as an Excel 2010 workbook (.xlsx) named with your last name.  Enter your name and NetID on the Sales Support worksheet in cells A1 and A2. 

The total vehicle price (Cell B11) is determined from the base price of the vehicle (Cell B5), the total cost of six options selected by the customer (Cell B6), a repeat customer discount (Cell B9), plus applicable taxes (Cell B10).  

o The base price of the vehicle may run from a minimum of $1,000 to a maximum of $30,000. Create a form control scroll bar in cells D5 through F5 to simplify the entry of the base price of the vehicle price.  Use increments of $500.  The cell link of the scrollbar should be cell B5. 

Format cell B5 for currency.

o Create checkboxes for six options: CD changer, Movie Player, Bucket Seats, Air Conditioning, Full size spare tire, and Lifetime Oil changes. Place the checkboxes in range D6:D8 or F6:F8, with the cell links in E6:E8 or G6:G8, respectively. Each selected option adds $200 to the cost of the vehicle.  Put the total option cost in B6, formatted for currency.

o Return customers receive a $200 discount from the price before taxes are calculated. Add a combobox form control to indicate if the customer is a new customer or a returning one.  Store the data you need for the input ranges on the Calculations sheet.  Use Cell E9 for the cell link.


Related Discussions:- Implement a spreadsheet to calculate payments

Depriciation , an asset has a useful life of 4 years.If it is depriciated b...

an asset has a useful life of 4 years.If it is depriciated by diminishing balance method.Its book value at the end of 4 years is 24% of its original cost.Hence the rate of depricia

Credit reference agencies and credit scoring, Q. Credit Reference Agencies ...

Q. Credit Reference Agencies and Credit Scoring ? A several organisations example Dun & Bradstreet and Standard & Poor provide credit scores and ratings for companies. These ma

Legal aspects-autonomous branches, Legal Aspects There is no law relating...

Legal Aspects There is no law relating to branch accounts but examination problems under this heading are frequently linked to either partnership or company account problems. Ans

What do you mean by bankruptcy, Q. What do you mean by Bankruptcy? Bank...

Q. What do you mean by Bankruptcy? Bankruptcy - Legal process, governed by federal statute, whereby the DEBTS of an insolventperson are liquidated after being satisfied to the

Calculate the claim under insurance policy, Calculate the claim under insur...

Calculate the claim under insurance policy: 1) What do policy limits of 200/300/100 on an automobile insurance policy mean?Your automobile insurance policy contains policy lim

Example on lenders evaluation, Table on subsequent page lists 21 ratios bei...

Table on subsequent page lists 21 ratios being calculated by the Bombay Stock Exchange. Tick the board class to that each of the 21 ratios belongs to the blank columns of the Table

Which of the following is not a measurement issue in a/c, Which of the foll...

Which of the following is not a measurement issue in accouting a. when to record a business transaction b. how to classify the items of a businesss transaction c. when to classify

On January 7, On January 7, 2016, Captec Company purchased $4,175 of suppli...

On January 7, 2016, Captec Company purchased $4,175 of supplies on account . In Captec Company’s chart of accounts , the Supplies account is No. 15, and the Accounts Payable accoun

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd