FIN 571 Week 1 Connect Problems (Math and Accounting

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FIN 571 Week 1 Connect Problems (Math & Accounting Review)
1. Functions
Excel will make your life as a finance student much easier. This section
will show how to use various functions in Excel. Once you understand
the how and why of a particular financial equation, you can make
1. Which Excel cell entry will calculate the square root of 165?
2. Which statements about Excels FV function are correct?
3. Which fields are required to calculate net present value (NPV) in
Excel?
4. Which Excel function is used to calculate the amount of each annuity
payment?
5. Which fields are required to calculate the rate of return (RATE) for a
present value calculation in Excel?
2. The Balance Sheet
Wal-Mart wanted to spread itself not only to the USA, but in other
countries as well. In 2006, the company was having 3800 stores in USA
and more than 2980 stores outside USA making it one of the largest
retail chains in the world. This corporation was also having a vision to
establish itself in to a global entity. Wal-Mart was one of the first
companies to operate in the organized retail sector (Fishman, 2006).
General Ledger for XYZ Company. The following is a portion of the
general ledger for XYZ Company as of December 31, 20X1, and the
statement of stockholders equity for XYZ Company for the year ended
December 31, 20X1. Use this information to answer questions (1)
through (5).
1. What is the total amount of current assets to be reported on XYZ
Companys 12/31/X1 classified balance sheet?
2. What is the total amount of long-term assets to be reported on XYZ
Companys 12/31/X1 classified balance sheet?
 3. What is the total amount of current liabilities to be reported on XYZ
Companys 12/31/X1 classified balance sheet?
4. What is the ending balance in retained earnings to be reported on
XYZ Companys 12/31/X1 classified balance sheet?
5. What is the total amount of stockholders equity to be reported on
XYZ Companys 12/31/X1 classified balance sheet?
3. Calculating Interest
This lesson will help fill in the basics on how to calculate interest when
tackling financial problems.
1. What is the amount of interest earned after two years on a $100
deposit paying 4 percent simple interest annually?
2. What is the amount of compound interest earned after three years on
a $100 deposit paying 8 percent interest annually?
3. A business just took out a loan for $100,000 at 10% interest. If the
business pays the loan off in three months, how much did the business
pay in interest?
4. What is the annual percentage yield (APY) for a deposit paying 5
percent interest with monthly compounding?
4.The Income Statement
This lesson will help you refresh your knowledge on the basics of the
income statement. Brushing up on these concepts now will help you
tackle your finance coursework later.
General Ledger for ABC Company. The following is the general ledger
for ABC Company as of December 31, 20X1. Use this information to
answer questions (1) through (4).
1. What is the amount of gross profit to be reported on ABC Companys
12/31/X1 income statement?
2. What is the amount of operating income (EBIT) to be reported on
ABC Companys 12/31/X1 income statement?
3. What is the amount of earnings before taxes (EBT) to be reported on
ABC Companys 12/31/X1 income statement?
4. What is the amount of net income to be reported on ABC Companys
12/31/X1 income statement?
5. Fractions and Decimals
This lesson will help you review fractions and decimals: calculating,
converting, and recognizing how to use them in a financial setting.
1. 54/32 converted to a mixed number is ________.
2. The product of one and four thirty-seconds and twenty thirty-seconds
is ________.
3. One and eight thirty-seconds divided by twelve thirty-seconds is
________.
4. A U.S. Treasury bond is trading at 98 and 6/32. Convert this price to
its decimal form.
 5. What is the percentage increase if the S&P 500 Index is currently
trading at 1,100 and rises 55 points?
6. Exponential Functions
This lesson will help you refresh your skills using exponents. Many
financial equations rely on exponents to show compounding and growth.
1. A business acquaintance promises to deliver a $20 bill to you one
year from today. How much should you be willing to pay today for this
promise?
2. What is the present value of $1,000 received three years from today
if interest rates are currently 6 percent?
3. What is the interest rate on a three-year investment with a future
value of $1000 and a present value of $863.84?
4. The product rule of exponents says that when multiplying two powers
that have the same base, you need to ________.
5. The fifth root of fifteen is equal to ________.
7. Basic Math
This section of the tutorial will cover writing and editing formulas, using
cell references, following the order of operations, and using operators.
1. Which of the following Excel cell entries gives the sum of 20 + 150 +
85?
2. Which letter or symbol does Excel use to multiply numbers?
3. What is the correct order of operations for entering formulas into
Excel?
4. Which of the following sequences will give you the square root of 25
in Excel?
5. Suppose you need to add the values in range of cell from C2 through
C8. Which of the following sequences will give you the correct answer?
8. Organizing Data
This tutorial is designed to help you to successfully utilize Microsoft
Excel in your finance courses.
1. You are working on an Excel table and realize that you need to add a
row to the middle of your table. What is one way to do this?
2. You are working on an Excel table and realize that you need to add a
single cell to your table. What is one way to do this?
3. You are working on an Excel table and realize that you need to delete
a column in the middle of your table and shift the remaining data
columns to the left. What is one way to do this?
4. You are valuing an investment that will produce cash flows of $10,000
each year for 15 years. What is the quickest way to enter $10,000 into
each of the 15 cells of your table?
5. You have three tables in a worksheet in Excel. You need to sort one
of the tables numerically, from smallest to largest values. How can you
do this?
9. Solving for the Unknown