Hello Bill! As promised, the following report contains some of my suggestions and recommendations that I’ve broken it down to three (3) parts to address each of your questions and concerns. Part A- Your Excel Formulas To calculate the total expense of each day; use the SUM function. To do is this, enter the following formula for the first day into the formula bar. Your formula should look exactly like this: F5=SUM(B5:E5). Repeat for each day by editing the cell letter and numbers as needed. The SUM function can also be used to calculate the total expense of each week in the same manner as described before; In the formula bar enter in parenthesis the cell number and letter to find total expenses per week. It should look like this: B13= …show more content…
When printing, the data will be stored in a queue on a server and printed in the order queued. Software packages that you have already purchased, licensed and use for your business can be stored on the server and available for shared download upon your employees’ request. A user will usually be able to retrieve work that has been deleted by mistake as your server’s Central backing store backs-up automatically at regular intervals. Messages can be sent to other computers on the network which can save time and paper. You can have control over users’ access rights to programs and data. However great these advantages, LANs do have its fair share of disadvantages as well: Though all workstations can be served by only one or two printers, long print queues may develop creating slower print times. If a virus gets into one computer, it is likely to spread quickly across the network because it will get into the central backing store. High security risk. Users of the network must have authentication methods such as unique user ids and passwords. This help control access to the files and settings on the network while passwords prevent unauthorized users from logging onto the network. Data may also have to be encrypted so that it is meaningless if intercepted. If the server fails, everyone is affected. Work stored on
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The standard costs and variances for direct materials, direct labor, and factory overhead for the month of May are as follows:
2.) For each expense that is variable with respect to revenue hours, calculate the cost per revenue hour.
To get the formula you will need to click the F5 cell and type =SUM(B5:F5) formula. This will give the daily total for each expense. Once you are done with the first row you will need to enter the formula into the remaining rows. As an example you will type in F6 cell =SUM(B6:F6). This calculates each cell B6-F6. As for the formula that allows you to get the total of expenses for each category weekly, you will enter in the B13 cell and type =SUM(B5:B13) continue to do this for each cell. Which in the Hotels column you would type =SUM(C5:C13). This calculates C5-C13 and gives the total. To show which receipts need to be printed out for the accountant I would advise you to type =IF(F5>100,” YES”,”) So Bill can now highlight G5, press copy then
After reviewing your income statement and seeing how you allocate costs, I created a segmented income statement (Ex-1). This statement allows us to see exactly how the costs are broken down according to your current system. According to your specifications, it
In the current situation, the order is set to every Monday which means a total number of 50 orders for the whole period, and the average Inventory calculated from the given data is 5 units. Therefore, total cost of the current situation calculation will be as follows:
In January, Reyes Tool & Dye requisitions raw materials for production as follows: Job 1 $960, Job 2 $1,630, Job 3 $720, and general factory use $680. During January, time tickets show that the factory labor of $6,100 was used as follows: Job 1 $1,570, Job 2 $1,940 Job 3 $1,670, and general factory use $920. Prepare the job cost sheets for each of the three jobs. (If answer is zero, please enter 0, do not leave any fields blank.) Job 1 Date 1/31 1/31 Direct Materials 960 0 Job 2 Date 1/31 1/31 Direct Materials 1630 0 Job 3 Date 1/31 1/31 Direct Materials 720 0 0 1670 Direct Labor 0 1,940 Direct Labor 0 1570 Direct Labor
In the parenthesis enter the cell number and letter to find total expenses per week. (i.e.) =sum(b5:b11)
* See EVA calculation at the attached spreadsheet. Advertising Expenses are capitalized and amortized over 3 years using straight line method. See amortization schedule
Types of expense |1 |2 |3 |4 |5 |Total | | | | | | | | | |Gas |$3,600.00 |$3,600.00 |$3,600.00 |$3,600.00 |$3,600.00 |$18,000.00 | |Repairs and Maintenance |$800.00 |$928.00 |$1,048.00 |$1,160.00 |$1,264.00 |$5,200.00 | |Tires | |$760.00 |$760.00 |$760.00 |$760.00 |$3,040.00 | |Insurance |$2,400.00 |$2,400.00 |$2,400.00 |$2,400.00 |$2,400.00 |$12,000.00 | |Registration and taxes |$848.00 |$720.00 |$600.00 |$488.00 |$384.00 |$3,040.00 | |Depreciation |$9,720.00 |$5,832.00 |$3,500.00 |$2,100.00 |$1,348.00 |$22,500.00 | |Purchase
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Enter a row for "Total Monthly Expense" under the ITEM column. For Total Monthly Expense row set up the cells under each monthly column with a formula that will use the SUM function to add the amounts and show the result. Enter a Column for “Total” to the right of your last month. Enter a formula using the AutoSum drop-down option on your tool bar and insert the Sum function in the first budget item row, under Total. Then copy this formula down for all the other categories.
process and this is also available in print format in their provider file which stays in their
This is one of the crucial advantages of networking computers. Everyibe can find and share data because of networking. This is beneficial for large organizations to maintain their information in an