Hw-1549 chapter – 9 np excel2013 t9 p1a (score 100%) gas after eating eggs

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Emma Patterson isthe owner of Wayside Driving School, and wants to expand operations into neighboring towns. To do so, she would need a loan to cover the costs of additional classroom space, vehicles, and instructors. Emma has asked you to create a detailed analysis of various expansion and financing options, complete with loan amortization and depreciation schedules. She also wants you to create a five-year sales forecast and income statement.

• With the file NP_Excel2013_T9_P1a_FirstLastName_2.xlsxstill open, ensure that your first and last name is displayed in cell B6 of the Documentation sheet. If cell B6 does not display your name, delete the file and download a new copy from the SAM website.

1. Go to the Loan Analysis worksheet. In cell D12, use the PMT function to calculate the monthly payment for a loan using the inputs listed under the Add 1 Location loan scenario in cells D5, D7, and D9(Hint: The result will be displayed as a negative number to reflect the negative cash flow of a loan payment).

2. In cell E7, enter a formula using the RATE function to calculate the monthly interest rate for a loan using the inputs listed under the Add 2 Locations loan scenario in cells E9, E12, and E5(Hint: Assume the present value of the loan is the loan amount shown in cell E5).

5. Go to the Amortization worksheet. In cell C17, enter a formula using the CUMIPMTfunction to calculate the cumulative interest paid on the loan after the first year (payments 1 through 12) when the payments are made at the start of the period (Hint:Use 0 as the type argument in your formula). Use absolute references for the RATE, NPER, and PV arguments and relative references for the Start and End arguments. Copy the formula from cell C17 to the range D17:G17.

7. In cell C18, enter a formula using the CUMPRINC function to calculate the cumulative principal paid in the first year (payments 1 through 12) when the payments are made at the start of the period (Hint: Use 0 as the type argument in your formula). Use absolute references for the RATE, NPER, and PV arguments and relative references for the Start and End arguments. Copy the formula from cell C18 to the range D18:G18.

8. In cell E23, enter a formula that uses the PPMT function to determine the amount of loan payment number 1 devoted to the principal. Use absolute references for the RATE, NPER, and PV arguments and use cell A23 as the period argument (Hint: Remember that the period used in the formula is based on a monthly payment schedule).Copy the formula from cell E23to range E24:E82.

9. In cell F23, enter a formula that uses the IPMT function to determine the amount of loan payment number 1 devoted to the principal. Use absolute references for the RATE, NPER, and PV arguments and use cell A23 as the period argument (Hint: Remember that the period used in the formula is based on a monthly payment schedule). Copy the formula from cell F23 to range F24:F82.

10. Go to the Depreciation worksheet. In cell C12, enter a formula that uses the SLN function to calculate the straight-line depreciation for the new vehicle fleet during the first year of service, with the value in cell D6 representing the expected life of the vehicle fleet. Use absolute references for the cost, salvage, and life arguments in the SLN formula.Copy the formula, without cell formatting, from cell C12 to the range D12:I12.

11. In cell C20, enter a formula that uses the DB function to calculate the declining balance depreciation for the new vehicle fleet during the first year of service, with the value in cell D6 representing the expected life of the vehicle fleet and the value in cell C19 as the current period. Use absolute references for the cost, salvage and life arguments in the DB formula and a relative reference for the period argument.Copy the formulafrom cell C20 to the range D20:I20.

12. Determine the error in cell D21 by using the Trace Precedent and Trace Dependentarrows. The formula in cell D21 should calculate the cumulative depreciation of the vehicle fleet by adding the Cumulative Depreciation value in year 1 to the Yearly Depreciation value in year 2. Correct the error in cell D21, copy the corrected formula in cell D21 to the range E21:I21, and then remove any arrows from the worksheet.

13. Go to the Income Statement worksheet. Project the revenues associated with the Classroom feescategory for 2018-2020 (cells D5:F5) using a Growth Trendinterpolation(Hint: Remember to select the range C5:G5before filling this series with values).

15. Project the expenses associated with the Payroll category for 2018-2021 (cells D11:G11) using a Growth trend extrapolation, using a step value of 1.07. (Hint: Remember that, when extrapolating values, the trend button in the Series Dialog Box should not be checked).Do not set a stop value for the series (Hint: Remember to select the range C11:G11 before filling this series with values).

a. In cell E15, enter a formula that uses the NPV function to calculate the Present Value of the Add 1 Location investment, using the value in cell E14 as the desired rate of return and the range D7:D12as the return paid to investors (Hint: If it appears, ignore the Formula Omits Adjacent Cell error warning).