Seven-Year Financial Pro Jection: Problem
Seven-Year Financial Pro Jection: Problem
Excel 2003
EX 212 • Excel Pro ject 3
FIGURE 3-85
(continued)
Microsoft Office
Excel 2003
EX 214 • Excel Pro ject 3
Instructions Part 3: Open the workbook created in Part 2. If the 3-D Column chart is on the screen, click
the Seven-Year Financial Projection tab to view the worksheet. Divide the window into two panes by dragging
the horizontal split box between rows 6 and 7. Use the scroll bars to show both the top and bottom of the
worksheet.
Using the numbers in columns 2 and 3 of Table 3-10, analyze the effect of changing the annual sales growth
(cell B22) and annual price decrease (cell B23) on the annual net incomes in row 17. The resulting answers are
in column 4 of Table 3-10. Print both the worksheet and chart for each case.
Close the workbook without saving it, and then reopen it. Use the Goal Seek command to determine a mar-
gin (cell B24) that would result in a net income in 2010 of $5,000,000 (cell H17). You should end up with a
margin of 41.63% in cell B24. After you complete the goal seeking, print only the worksheet. Do not save the
workbook with the latest changes.
Total Net Revenue 78865 492800 486725 592500 225125 196475 88450 19450
Cost of Sales 36715 136500 106500 325600 14790 45125 37000 8650
Direct Expenses 14750 152975 53890 252975 8435 22475 31800 6940
Square Footage 2500 5100 8800 6000 900 5700 750 1200
(continued)
Microsoft Office
Excel 2003
EX 216 • Excel Pro ject 3
FIGURE 3-87
Instructions Part 1: Do the following to create the worksheet shown in Figure 3-87.
1. Bold the entire worksheet. Enter the worksheet titles in cells A1 and A2 and the system date in cell J2.
Format the date to the 3/14/2001 style.
2. Enter the column titles and the first three rows of numbers in Table 3-11 on the previous page in rows 3
through 6. In row 3, use ALT+ENTER so the column titles show on two lines in a cell. Center and italicize the
column headings in the range B3:J3. Add a bottom border to the range B3:J3. Select the range J4:J6 and
click the AutoSum button. Freeze rows 1 through 3 and column A.
3. Enter the Square Footage row in Table 3-11 in row 16. Select cell J16 and use the AutoSum button to deter-
mine the sum of the values in the range B16:I16. Change the height of row 16 to 39.00 and vertically center
the range A16:J16.
4. Change the following column widths: A = 26.00; B through I = 12.00, and J = 13.00.
5. Enter the remaining row titles in the range A7:A17 as shown in Figure 3-87. Increase the font size in cells
A7, A14, and A15 to 12-point.
6. Copy the row titles in range A8:A13 to the range A18:A23. Enter the numbers shown in the range B18:B23
of Figure 3-87 with format symbols.
7. The planned indirect expenses in the range B18:B23 are to be prorated across the profit center as follows:
Administrative (row 8), Energy (row 10), and Marketing (row 13) on the basis of Total Net Revenue
(row 4); Depreciation (row 9), Insurance (row 11), and Maintenance (row 12) on the basis of Square
Footage (row 16). Use the following formulas to accomplish the prorating.
Excel Pro ject 3
EX 217
a. Spa Administrative (cell B8) = Administrative Expenses * Spa Total Net Revenue / Resort Total Net
Revenue or =$B$18 * B4 / $J$4
b. Spa Depreciation (cell B9) = Depreciation Expenses * Spa Square Footage / Total Square Footage or
=$B$19 * B16 / $J$16
c. Spa Energy (cell B10) = Energy Expenses * Spa Total Net Revenue / Resort Total Net Revenue or
=$B$20 * B4 / $J$4
d. Spa Insurance (cell B11) = Insurance Expenses * Spa Square Feet / Total Square Footage or
=$B$21 * B16 / $J$16
e. Spa Maintenance (cell B12) = Maintenance Expenses * Spa Square Footage / Total Square Footage or
=$B$22 * B16 / $J$16
f. Spa Marketing (cell B13) = Marketing Expenses * Spa Total Net Revenue / Resort Total Net Revenue or
=$B$23 * B4 / $J$4
g. Spa Total Indirect Expenses (cell B14) = SUM(B8:B13)
h. Spa Net Income (cell B15) = Revenue – (Cost of Sales + Direct Expenses + Total Indirect Expenses) or
=B4 – (B5 + B6 + B14)
i. Use the fill handle to copy the range B8:B15 to the range C8:I15.
j. Select the range J8:J15 and click the AutoSum button on the Standard toolbar.
8. Add a bottom border to the range B13:J13. Assign the Currency style with two decimal places and show
negative numbers in parentheses to the following ranges: B4:J4; B8:J8; and B14:J15. Assign the Comma
style with two decimal places and show negative numbers in parentheses to the following ranges: B5:J6 and
B9:J13.
9. Change the font in cell A1 to 36-point Arial Black (or a similar font). Change the font in cell A2 to
18-point Arial Black (or a similar font). Change the font in cell A17 to 14-point italic underlined font.
10. Use the background color red, the font color white, and a drop shadow (Shadow Style 14) for the ranges
A1:J2; A7; A15:J15; and A17:B23 as shown in Figure 3-87.
11. Rename the Sheet1 sheet, Indirect Expenses, and color its tab red. Unfreeze the worksheet.
12. Enter your name, course, laboratory assignment (Lab 3-2), date, and instructor name in the range A27:A31.
Save the workbook using the file name, Lab 3-2 Casa Grande Profit Center Analysis of Indirect Expenses.
13. Use the Page Setup command on the File menu to change the orientation to landscape. Preview and print
the worksheet. Preview and print the formulas version (CTRL+`) of the worksheet in landscape orientation
using the Fit to option button in the Page Setup dialog box. After printing the formulas version, reset the
print scaling to 100%. Press CTRL+` to show the values version of the worksheet. Save the workbook again.
14. Divide the window into four panes and show the four corners of the worksheet. Remove the four panes.
15. Add white space to the worksheet by inserting blank rows between rows 6 and 7 and 15 and 16. Move the
range A19:B25 down three rows. Print the worksheet and then close the workbook without saving changes.
Instructions Part 2: Open the workbook created in Part 1. Draw a 3-D Pie chart (Figure 3-88 on the next
page) that shows the contribution of each category of indirect expense to the total indirect expenses. That is,
chart the nonadjacent ranges A8:A13 (category names) and J8:J13 (data series). Show labels that include
category names and percentages. Do not show the legend. Format the 3-D Pie chart as shown in Figure 3-88.
Rename the chart sheet 3-D Pie Chart and color the tab blue. Move the chart tab to the right of the worksheet
tab. Save the workbook using the file name Lab 3-2 Casa Grande Profit Center Analysis of Indirect Expenses.
Preview and print both sheets.
(continued)
Microsoft Office
Excel 2003
EX 218 • Excel Pro ject 3
FIGURE 3-88
Instructions Part 3: Using the numbers in Table 3-12, Table 3-12 Casa Grande Resort
analyze the effect of changing the planned indirect expenses in & Spa What-If Data
the range B18:B23 on the net incomes for each profit center. Case 1 Case 2
Print the worksheet for each case. You should end with the fol- Administrative 110000 66250
lowing totals in cell J15: Case 1 = $538,570.00 and Case 2 =
Depreciation 96500 63000
$654,020.00. When you have finished, close the workbook
Energy 48750 31500
without saving the latest changes.
Insurance 32450 22500
Maintenance 38000 28000
Marketing 61000 60000
FIGURE 3-89
The major modifications requested by your supervisor include: (1) reformatting the worksheet; (2) adding
computations of time-and-a-half for hours worked greater than 40; (3) removing the conditional formatting
assigned to the range B4:B9; (4) adding calculations to charge no federal tax in certain situations; (5) adding
Social Security and Medicare deductions; (6) adding and deleting employees; and (7) changing employee
information.
Instructions Part 1: Open the workbook, Lab 2-1 Illiana Custom Homes Weekly Payroll Report, created in
Project 2 (Figure 2-88 on page EX 132). Perform the following tasks.
1. Delete rows 11 through 13. Change all the row heights back to the default height (12.75). Select the entire
sheet using the Select All button and then clear all remaining formats using the Formats command on the
Clear submenu of the Edit menu. Bold the entire worksheet. Enhance the worksheet title as shown in
Figure 3-89.
2. Insert a new column between columns D and E. Enter the new column E title YTD Soc. Sec. in cell E3.
Insert two new columns between columns E and F. Enter the new column G title Soc. Sec. in cell G3.
Enter the new column H title Medicare in cell H3.
3. Change the column widths as follows: A = 25.00; B = 9.43; C = 7.00; D = 6.00; E = 13.14; F through
K = 9.71; and L = 8.43. Change the row heights as follows: row 1 = 41.25; rows 2 and 3 = 18.00.
4. Assign the NOW function to cell B2 and format it to the 3/14/2001 style.
5. Delete row 7 (Rifken, Felix). Change
Hadef Kaden’s (row 5) rate of pay to Table 3-13 Illiana Custom Homes Employee
$8.00 and number of dependents to 10. YTD Social Security Values
6. Freeze column A and rows 1 through 3. Employee YTD Soc. Sec.
In column E, enter the YTD Soc. Sec.
Jedi, Hubert 4,974.00
values listed in Table 3-13.
Kaden, Hadef 5,340.20
Pancer, Dion 4,254.00
Sanchez, Maria 5,393.00
Scarff, Heidi 4,825.50
(continued)
Microsoft Office
Excel 2003
EX 220 • Excel Pro ject 3
Instructions Part 2: Open Lab 3-3 Illiana Custom Table 3-15 Illiana Custom Homes Social
Homes Weekly Payroll Report. Using the numbers in Security and Medicare Tax Cases
Table 3-15, analyze the effect of changing the Social Security Social Security Medicare
tax in cell B13 and the Medicare tax in cell B14. Print the Case Tax Tax
worksheet for each case. The first case should result in a
1 7.50% 2.45%
total Social Security tax in cell G11 of $240.07. The second
2 10.00% 3.00%
case should result in a total Social Security tax of $319.76.
Close the workbook and do not save any changes.
Instructions Part 3: Hand in your handwritten results for this exercise to your instructor. Open Lab 3-3
Illiana Custom Homes Weekly Payroll Report.
1. Select cell F4. Write down the formula that Excel displays in the formula bar. Select the range C4:C10.
Point to the border surrounding the range and drag the selection to the range D13:D19. Click cell F4, and
write down the formula that Excel displays in the formula bar below the one you wrote down earlier.
Compare the two formulas. What can you conclude about how Excel responds when you move cells
involved in a formula? Click the Undo button on the Standard toolbar.
2. Right-click the range C4:C10 and then click Delete on the shortcut menu. When Excel displays the Delete
dialog box, click Shift cells left and then click the OK button. What does Excel display in cell F4? Use the
Type a question for help box on the menu bar to find a definition of the result in cell F4. Write down the
definition. Click the Undo button on the Standard toolbar.
3. Right-click the range C4:C10 and then click Insert on the shortcut menu. When Excel displays the Insert
dialog box, click Shift cells right and then click the OK button. What does Excel display in the formula bar
when you click cell F4? What does Excel display in the formula bar when you click cell G4? What can you
conclude about how Excel responds when you insert cells next to cells involved in a formula? Close the
workbook without saving the changes.