Chapter 14 Spreadsheet Problem Solutions (C14)
INPUT DATA: KEY OUTPUT:
Funds needed $350,000 Rec. to be factored $357,447
Commission (%) 1.25%
MODEL-GENERATED DATA:
Accounts receivables needed to factor: $357,447
Monthly costs:
Commission $4,468
Interest 2,979
Total monthly costs $7,447
Total monthly savings $8,574
Factoring Receivables
1. There are a number of instructions with which you should be familiar to
use these computerized models. These instructions appear in a separate
2. The input data are entered in specified cells in the INPUT DATA section.
When you change an input item, the model automatically recalculates the
values of appropriate output data items.
We have already entered the base case data for each model in this
file, and the models have performed the analysis for preceding parts
of the problem. You will need to enter the data for each of the
remaining parts of the problem–we indicate in each problem the parts
that should be done using the spreadsheet. However, there are several
points worth noting before you go into a model:
1. The input data are entered in specified cells in the INPUT DATA
section. When you change an input item, the model automatically
2. The key output data are displayed to the right of the INPUT DATA
3. Input data items that you can change are distinguished from the
ones you should not change. The items that you can change are
highlighted in color (blue) whereas the other items are printed in black.
4. All percentages must be entered as decimals. Dollars and other
numbers must be entered without dollar signs or commas.
5. Instructions and comments concerning specific models accompany
GENERAL INSTRUCTIONS FOR COMPUTERIZED PROBLEM SOLUTIONS