Assignment 1: Excel Project

Assignment 1: Excel ProjectDue Week 5 and worth 200 pointsThis assignment is based on your ability to use Excel 2013 to track and manage stock prices for companies who sell accounting software products and then analyze each company. This assignment consists of two (2) parts – an Excel-based assignment and a paper. The firms are as follows:Oracle Software (Oracle Corp: NASDAQ)Microsoft Great Plains (Microsoft: NASDAQ)QuickBooks (Intuit: NASDAQ)Part I: Excel Spreadsheet Assignment1. Create one (1) Excel workbook that contains each of the four (4) scenarios (detailed below). Use the appropriate Excel formulas and functions to justify your derived results. Note: Follow the completion and submission instructions provided in the table below.Scenario 1You have been given $5,000,000 to invest in the three (3) stocks. You must invest the $5,000,000 evenly across the stocks. The purchase date of the stock will be three (3) months ago. Track your stocks’ daily performance for the 45 trading days following the purchase date. During this time, you will note the gains and losses each day. At the end of the 45 days’ tracking period, calculate your net gain (or loss) for each stock and your total investment at the end of the 45 days. Develop the appropriate charts that highlight your performance. You will create a minimum of two (2) charts.Note:Your purchase must be in whole shares. For example, you cannot purchase 100.5 shares. You must purchase either 100 or 101 shares. For this reason, you may not total to exactly $5,000,000, but you will come close.Scenario 2You are a believer in Oracle and Microsoft. With that, you will now invest your $5,000,000 evenly between the two (2) stocks. The purchase date of the stock will be three (3) months ago. Track your stocks’ daily performance for the 45 trading days following the purchase date. During this time, you will note the gains and losses each day. At the end of the 45 days’ tracking period, calculate your net gain (or loss) for each stock and your total investment at the end of the 45 days. Develop the appropriate charts that highlight your performance. You will create a minimum of two (2) charts.Note:Your purchase must be in whole shares. For example, you cannot purchase 100.5 shares. You must purchase either 100 or 101 shares. For this reason, you may not total to exactly $5,000,000, but you will come close.Scenario 3You are a believer in Intuit and Microsoft. With that, you will now invest your $5,000,000 evenly between the two (2) stocks. The purchase date of the stock will be three (3) months ago. Track your stocks’ daily performance for the 45 trading days following the purchase date. During this time, you will note the gains and losses each day. At the end of the 45 days’ tracking period, calculate your net gain (or loss) for each stock and your total investment at the end of the 45 days. Develop the appropriate charts that highlight your performance. You will create a minimum of two (2) charts.Note:Your purchase must be in whole shares. For example, you cannot purchase 100.5 shares. You must purchase either 100 or 101 shares. For this reason, you may not total to exactly $5,000,000, but you will come close.Scenario 4You are a believer in Oracle and Intuit. With that, you will now invest your $5,000,000 evenly between the two (2) stocks. The purchase date of the stock will be three (3) months ago. Track your stocks’ daily performance for the 45 trading days following the purchase date. During this time, you will note the gains and losses each day. At the end of the 45 days’ tracking period, calculate your net gain (or loss) for each stock and your total investment at the end of the 45 days. Develop the appropriate charts that highlight your performance. You will create a minimum of two (2) charts.Note:Your purchase must be in whole shares. For example, you cannot purchase 100.5 shares. You must purchase either 100 or 101 shares. For this reason, you may not total to exactly $5,000,000, but you will come close.NoteDo not worry about any commission fees or miscellaneous charges.AssignmentDetermine how much money you earned or lost with each stock on a daily basis.Instructions on how to completeThere is no sample Excel workbook to use as part of the project; therefore, you will create your own workbook. In creating your workbook, be sure to include the following data (however, other data will be stored in your scenario) in a columnar format.Stock nameStock symbolNumber of shares purchased / acquiredStock priceDate of stock transactionStart your scenario using the opening-day price for each stock as your purchase price and use the closing stock price to calculate how much money you earned or lost each day.At the end of your scenario, calculate the following for each stock in question.The highest stock price for the period for the stock(s) selectedThe lowest stock price for the period for the stock(s) selectedThe average stock price for the period for the stock(s) selectedThe largest amount of profit (loss) earned for the period for the stock(s) selectedThe lowest amount of profit (loss) earned for the period for the stock(s) selectedTrack the stock for 45 consecutive days that the market is open.SubmitOne (1) Excel workbook that contains each of the four (4) scenarios. You will need to use the appropriate Excel formulas and functions which will show the instructor how you derived your results.Part II: Paper2. Write a three to four (3-4) page paper in which you:2a. Summarize your findings from each scenario, emphasizing your decisions on which stocks were used and the criteria for determining the number of stocks used. Suggest a strategy to improve your selection of courses.2b. Describe an ideal scenario that would have exceeded the results from your best scenario in Part 1 of the assignment.2c. Determine at least two (2) ways accountants use Excel to support management decisions.2d. Use at least two (2) quality academic resources in this assignment. Note: Wikipedia and other Websites do not qualify as academic resources.Your assignment must follow these formatting requirements:Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.