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Excel Applications for Accounting Principles 4th Edition by Gaylord Smith
Edition 4ISBN: 978-1111581565Excel Applications for Accounting Principles 4th Edition by Gaylord Smith
Edition 4ISBN: 978-1111581565 Exercise 4
WHAT-IF ANALYSIS
Suppose the company has to revise its estimates because of a downturn in the economy. Unit sales for August, September, and October will be half (50%) of the original estimates. Revise the estimates in cells B11 through B13. After this is done, check your forecasted balance sheet. It should still balance! What effect will this new state of affairs have on net income and borrowing Explain why these items changed.
Suppose the company has to revise its estimates because of a downturn in the economy. Unit sales for August, September, and October will be half (50%) of the original estimates. Revise the estimates in cells B11 through B13. After this is done, check your forecasted balance sheet. It should still balance! What effect will this new state of affairs have on net income and borrowing Explain why these items changed.
Explanation
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Due to a downturn in the economy, Compan...
Excel Applications for Accounting Principles 4th Edition by Gaylord Smith
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