logo Use SA10RAM to get 10%* Discount.
Order Now logo

Ask This Question To Be Solved By Our ExpertsGet A+ Grade Solution Guaranteed

expert
Patriciaaa GloverrrScience
(5/5)

644 Answers

Hire Me
expert
Isaac TorressCriminology
(5/5)

943 Answers

Hire Me
expert
Tutor For YouEconomics
(5/5)

996 Answers

Hire Me
expert
malvin kengeEngineering
(/5)

932 Answers

Hire Me
Microsoft Excel
(5/5)

Pranjali Kashyap is a financial analyst at Mount Moreland Hospital in Baltimore,

INSTRUCTIONS TO CANDIDATES
ANSWER ALL QUESTIONS

  PROJECT STEPS

1. Pranjali Kashyap is a financial analyst at Mount Moreland Hospital in Baltimore, Maryland. She is using an Excel workbook to analyze the financial data for a proposed program called Neighborhood Nurse. The program involves nurses and nurse practitioners providing healthcare services to Baltimore neighborhoods from a van outfitted with medical equipment and supplies. She asks for your help in correcting errors and making financial calculations in the workbook. 

Go to the Loan Payments worksheet. The hospital needs a loan to buy the medical van for the Neighborhood Nurse program. Before Pranjali can calculate the principal and interest payments on the loan, she asks you to correct the errors in the worksheet. Correct the first error as follows:

a. In cell H17, use the Error Checking command to identify the error in the cell.

b. Correct the error to total the values in the range C17:G17. In a later step, you will calculate the interest and principal in the range C17:G18 to remove the remaining errors.

2. Correct the #VALUE! errors in the worksheet as follows:

a. Use Trace Precedents arrows to find the source of the #VALUE! error in cell C20.

b. Correct the formula in cell C20, which should divide the remaining principal (cell C19) by the loan amount (cell D5) to find the percentage of remaining principal.

c. Fill the range D20:G20 with the formula in cell C20 to correct the remaining #VALUE! errors.

d. Remove any remaining trace arrows.

3. Now Pranjali is ready to calculate the annual principal and interest payments for the medical van. Start by calculating the cumulative interest payments as follows:

a. In cell C17, enter a formula using the CUMIPMT function to calculate the cumulative interest paid on the loan for Year 1 (payment 1 in cell C15 through payment 12 in cell C16). Use 0 as the type argument in your formula because payments are made at the end of the period.

b. Use absolute references for the rate, nper, and pv arguments, which are listed in the range D5:D11.

c. Use relative references for the start and end arguments.

d. Fill the range D17:G17 with the formula in cell C17 to calculate the interest paid in Years 2–5 and the total interest.

4. Calculate the cumulative principal payments as follows:

a. In cell C18, enter a formula using the CUMPRINC function to calculate the cumulative principal paid for Year 1 (payment 1 in cell C15 through payment 12 in cell C16). Use 0 as the type argument in your formula because payments are made at the end of the period.

b. Use absolute references for the rate, nper, and pv arguments, which are listed in the range D5:D11.

c. Use relative references for the start and end arguments.

d. Fill the range D18:G18 with the formula in cell C18 to calculate the principal paid in Years 2–5 and the total principal.

5. Go to the Depreciation worksheet. Pranjali needs to correct the errors on this worksheet before she can perform any depreciation calculations. 

Correct the errors as follows:

a. Use Trace Dependents arrows to determine whether the #VALUE! error in cell D12 is causing the other errors in the worksheet.

b. Use Trace Precedents arrows to find the source of the error in cell D12.

c. Correct the error so that the formula in cell D12 calculates the cumulative straight-line depreciation of the medical van by adding the Cumulative depreciation value in Year 1 to the Annual depreciation value in Year 2.

6. Pranjali wants to compare straight-line depreciation amounts with declining balance depreciation amounts to determine which method is more favorable for the hospital's balance sheet. In the range D5:D7, she estimates that the Neighborhood Nurse program will have $234,000 in tangible assets at startup, and that the useful life of these assets is seven years with a salvage value of $37,440.

Start by calculating the straight-line depreciation amounts as follows:

a. In cell C11, enter a formula using the SLN function to calculate the straight-line depreciation for the medical van during its first year of operation.

b. Use absolute references for the cost, salvage, and life arguments in the SLN formula.

c. Fill the range D11:I11 with the formula in cell C11 to calculate the annual and cumulative straight-line depreciation in Years 2–7.

 

(5/5)
Attachments:

Related Questions

. The fundamental operations of create, read, update, and delete (CRUD) in either Python or Java

CS 340 Milestone One Guidelines and Rubric  Overview: For this assignment, you will implement the fundamental operations of create, read, update,

. Develop a program to emulate a purchase transaction at a retail store. This  program will have two classes, a LineItem class and a Transaction class

Retail Transaction Programming Project  Project Requirements:  Develop a program to emulate a purchase transaction at a retail store. This

. The following program contains five errors. Identify the errors and fix them

7COM1028   Secure Systems Programming   Referral Coursework: Secure

. Accepts the following from a user: Item Name Item Quantity Item Price Allows the user to create a file to store the sales receipt contents

Create a GUI program that:Accepts the following from a user:Item NameItem QuantityItem PriceAllows the user to create a file to store the sales receip

. The final project will encompass developing a web service using a software stack and implementing an industry-standard interface. Regardless of whether you choose to pursue application development goals as a pure developer or as a software engineer

CS 340 Final Project Guidelines and Rubric  Overview The final project will encompass developing a web service using a software stack and impleme

Get Free Quote!

410 Experts Online