1.

a) i) The total overhead is incorrect where it stopped at D8, it should have been SUM
(D3:D9) which includes D9.

ii) The total raw material costs is incorrect where it excludes K3, it should have been
SUM (K3:K11) which includes K3.

b) The owner can use conditional formatting. First, click the Home bar and then, go to
conditional formatting. Then, click highlight cell rules. Then, click less than. Then
insert the amount of $ 500 to identify who fails to meet the requirement with light red
fill with Dark red text.

2.

A)
a) First suggestion

Use IFS function, which to be typed =IFS(C3<=30, 700+(B3*0.3), C3>30, 0). Then
drag it down all the way to C14.

Second suggestion

Highlight cell rules (More Rule)

The owner can use conditional formatting. First, click the Home bar and then, go to
conditional formatting. Then, click highlight cell rules. Then, click less than. Then
insert the amount of 30 to identify who spends more than the prescribed time for
lunch brea with light red fill with Dark red text.

b) First suggestion

Use IFS function, which to be typed =IFS(E3<=1, 700+(B3*0.3), E3>1, 0). Then drag
it down all the way to E14.

Second suggestion

Highlight cell rules (More Rule)

The owner can use conditional formatting. First, click the Home bar and then, go to
conditional formatting. Then, click highlight cell rules. Then, click less than. Then
insert the amount of 1 to identify who is late to work more than the maximum time per
month allowed with light red fill with Dark red text.
A)
c) Use IFS function, which to be typed =IFS(C3<=30, 700+(B3*0.3), C3>30, 0)
d) Use IFS function, which to be typed =IFS(C3<=30, 700+(B3*0.3), C3>30, 0)

B)

i) the row of total cost can be changed to total cell styles.

ii) the total amount of revenue should have title “Total Revenue” with the row of it can be
changed to total cell styles
iii) both of the statements of total revenue and total cost can be put in a table, where the title
should be in bold and dark colour in background, while the inputs should be in light colour of
background.
iv) all the numbers should be in currency where the sign of the currency is clearly shown.
Select all the numbers, and then click on “$ English’ currency button.

3.

A)

a) i)

Gain on AstraZeneca LP asset option exercise should not be accepted as there is

only one transaction which most likely will not recurring in the future and it is not a
part of the operation.

ii)

All the items in cash flows from financing activities should not be accepted as it is not
part of free cash flow calculation.

b) The direct valuation model's reliance on accurate and reliable market data is a
criticism or disadvantage. The direct valuation model determines the value of an
asset or security by comparing it to actively traded comparable assets or securities.
This method assumes that the market prices of comparable assets accurately reflect
their true intrinsic values.
c) Create a data table where the model share price as a function of LT growth and
WACC, short-term FCF growth rate of 3%. Where the formula should be typed in
=IF(B5>B4,B17,”nmf”)