Assignment title: Information
1. Spreadsheet structures. Why should spreadsheets be designed with separate data and report areas and with the report area containing only formulas? Create and paste a simple spreadsheet example. 2. Show the journal entries for perpetual inventory and periodic inventory systems for the purchase of inventory, sales returns and end of period stocktake. 3. Watch the Foot Worksheet video link: (https://youtu.be/xpx5LJv3V08). And Download the relevant doc file also which is attached. This doc file has a template of the example. A. Create a spreadsheet report showing the data entry area, the worksheet and the financial reports. Paste the normal view & Paste a complete formula view. B. Create a new set of data and reports. Change six data numbers and create a ten column spreadsheeted worksheet and the Financial Reports. Do not create journal entries or ledger accounts. Ensure your trial balance still balances after your data changes. Follow the spreadsheet requirements including a separate data entry and report area and implement IF functions wherever appropriate. Paste two normal views and one formula view. 4. Application of Inventory flow assumptions. Create a well-designed spreadsheet to solve the following. Please check the attached image file name: Q4. Create a second version with the cost per unit decreasing during October. Paste the normal view for the problem requirements and one formula view. Highlight your changes. 5. Spreadsheet required. Following are some selected transactions of Danish Mart (DM) during 2014 and 2015. Reporting date is 31 December. DM uses the allowance method and makes adjusting and closing entries on the reporting date. Please check the image Q5 for the transactions. Required: Record the transactions in the general journal and post to the two ledger accounts. See the template below. Open general ledger T accounts for Allowance for doubtful debts and Bad debt expense. The 31 December 2015 balance of Accounts receivable is $600,000. Show how Accounts receivable would be reported on the balance sheet at that date. Here is a template for the data section of the spreadsheet showing the transactions( image Q5) 7. Dishonour of a bill receivable Write a set of journal entries and T accounts which includes: a credit sale, a conversion to a Note receivable, the dishonour of the note and subsequent delayed payment. Create your own simple numbers. Ignore interest. 8. Work Integrated Assessment case study Qantas Annual Report Resources for this task include the 2015 Annual Report for Qantas. Your friend Tom is studying architecture at another University and knows very little about accounting and annual reports. Tom's uncle gave him $30,000 recently to invest. Tom knows you have begun studying accounting and is considering buying Qantas shares. Tom has some questions for you. Present your answers concisely in a business report format. Tom's questions: How much profit did Qantas make? Earnings per share? What expertise does Todd Sampson bring to the Board of Directors? Explain EBITDA, Revenue Seat Factor, Revenue received in advance and Retained Earnings. Calculate the Working Capital ratio. Create a chart in Excel showing 3D columns for the operating cash flows and another showing a pie chart for the components of current assets. Paste the spreadsheet graphs in your assignment. Show the data area. Summarise your advice to Tom re the investment decision. Find the Qantas 2015 Annual Report on the web.