MAX 502 Homework 1 Prof.

Panchal
MBA 504 Fall 2023
Note: Problem 1 is intended to increase your familiarity with the formatting commands of Excel. We did not
cover this material in class because it’s very straight forward, and you can learn it by just following the detailed
instructions listed below. IMPORTANT: Slight variations from the instructions below are fine.

Problem 1: Jackson's Bright Ideas, a Denver-based software developer of financial applications, needs help
formatting their Monthly Balances Due Report. You have been asked to use Excel to generate a report (Figure 1)
that summarizes the balances due. The customer data in Table 1 is available for test purposes.

Table 1: Jackson’s Bright Ideas Monthly Balance Due Data

Customer Beginning Balance Credits Payments Purchases

Costa, Dan 160.68 18.70 99.33 68.28
Hernandez, Abraham 138.11 48.47 75.81 46.72
Mc Cartan, John 820.15 32.11 31.23 29.19
Paoli, Pam 167.35 59.32 52.91 33.9
Ramirez, Alberto 568.34 55.17 18.53 36.34
Vaughn, Noah 449.92 25.90 82.05 99.77
Xiong, James 390.73 48.12 19.35 92.13

Create a worksheet similar to the one shown in Figure 1. Include the five columns of customer data in Table 1 in
the report, plus two additional columns to compute a service charge and a new balance for each customer.
Assume no negative unpaid monthly balances.

Figure 1
Perform the following Tasks:

1. Enter and format the worksheet title Jackson's Bright Ideas and worksheet subtitle Monthly Balance
Due Report in cells A1 and A2.
• Change the theme of the worksheet to the Integral theme (or another similar theme). This can
be found under the Page Layout tab, in the Themes group.
• Apply the cell style to cells A1 and A2. Go to the Home tab, Styles group, and Cell Styles button.
• Change tile font size in cell A1 to 28 points. One at a time, merge and center the worksheet title
and subtitle across columns A through G. Change tile background color of cells A1 and A2 to
yellow (column 4 in the Standard Colors area in tile Font Color palette). To complete these
actions, go to the Home tab, and use commands in the Font and Alignment groups.
• Draw a thick box border around tile range A1:A2. To do so, go to the Home tab, to the Font
group, click on the down arrow next to the Borders button, and select the Thick Outside
Borders option.

2. Change the width of column A to 20.00 characters. You can do so by right clicking on column A, and
selecting the Column Width option, or by resizing the column directly. Change the widths of columns B
through G to 12.00. Change the heights of row 3 to 36.00 and row 11 to 25.00 points.

3. Enter the column titles in row 3 and row titles in the range A11:A14 as shown in Figure 2.
• Center the column titles in the range A3:G3.
• Apply the Heading 3 cell style to the range A3:G3. Go to the Home tab, Styles group, and Cell
Styles button.
• Bold the titles in the range A11:A14.
• Apply the Total cell style to the range A11:G11. Change the font size of the cells in the range
A3:G14 to 12 points.

4. Enter the data in Table 1 in the range A4:E10.

5. Use the following formulas to determine the service charge in column F and the new balance in column
G for the first customer. Copy the two formulas down through the remaining customers.
a. Service Charge (cell F4) = 2.75% • (Beginning Balance - Payments - Credits)
b. New Balance (G4) = Beginning Balance + Purchases - Credits - Payments + Service Charge.

6. Determine the totals in row 11.

7. Determine the highest, lowest, and average balance values for each category, placing these in rows 12,
13, and 14, respectively. Use the max, min, and average functions, respectively.

8. Use the Format Cells command to format the numbers as follows: (a) assign the Currency style with a
floating dollar sign to the cells containing numeric data in the ranges B4:G4 and B11:G14; and (b) assign
the Comma style (currency with no dollar sign) to the range B5:G10.

9. Change the worksheet name from Problem_1 to Balances Due Report. To do so, double click on the
sheet tab, and change the worksheet name.

10. Spell check the worksheet.

Problem 2: Janice Walters is a sales manager for WarmWear, a successful new store based in Evansville,
Indiana. She’s tracking the sales figures for WarmWear’s line of gloves. She created a workbook that contains
the sales figures from the past year for three glove models. She wants you to help format the sales report.
Figure 1 shows a preview of the formatted report. You may use different colors.

NOTE: You do not need to follow the steps below if you know how to use the formatting capabilities of Excel.
You can just use the figure above to guide you.

Warm Wear
2021 Sales Report
Month Region 1 Region 2 Region 3 Region 4 Region 5 Average Total
Jan 1,150 1,690 930 2,850 1,210 1,566 7,830
Feb 1,100 2,200 680 2,340 1,100 1,484 7,420
PolyFleece Mitts

Mar 1,070 1,290 960 2,740 1,180 1,448 7,240

Apr 780 1,520 720 2,170 1,180 1,274 6,370
May 1,070 1,370 700 1,940 1,210 1,258 6,290
Jun 670 1,300 780 3,430 1,170 1,470 7,350
Jul 1,390 1,590 1,240 2,230 1,430 1,576 7,880
Aug 1,310 1,730 610 2,560 960 1,434 7,170
Sep 1,100 1,820 370 3,040 1,100 1,486 7,430
Oct 1,350 2,010 750 2,430 1,230 1,554 7,770
Nov 680 1,620 780 3,210 1,230 1,504 7,520
Dec 1,120 1,170 670 1,920 1,310 1,238 6,190
Total 12,790 19,310 9,190 30,860 14,310 17,292 86,460

Month Region 1 Region 2 Region 3 Region 4 Region 5 Average Total

Jan 790 1,160 620 2,590 760 1,184 5,920
Feb 1,010 1,170 610 1,950 1,010 1,150 5,750
ArcticBlast Gloves

Mar 710 1,270 600 2,050 930 1,112 5,560

Apr 890 1,190 750 2,030 980 1,168 5,840
May 990 1,340 660 2,670 1,040 1,340 6,700
Jun 990 1,280 620 2,330 800 1,204 6,020
Jul 780 1,180 690 2,260 920 1,166 5,830
Aug 800 1,220 560 2,460 900 1,188 5,940
Sep 810 1,150 670 2,500 970 1,220 6,100
Oct 760 1,070 630 2,350 1,040 1,170 5,850
Nov 770 1,140 630 2,540 1,080 1,232 6,160
Dec 850 1,370 590 2,490 1,060 1,272 6,360
Total 10,150 14,540 7,630 28,220 11,490 14,406 72,030

Month Region 1 Region 2 Region 3 Region 4 Region 5 Average Total

Jan 340 780 280 1,670 600 734 3,670
Feb 460 810 280 1,770 480 760 3,800
Mar 410 820 310 1,490 460 698 3,490
Apr 490 890 330 1,610 650 794 3,970
Glomitts

May 470 960 290 1,580 540 768 3,840

Jun 480 740 340 1,780 640 796 3,980
Jul 470 760 320 1,500 640 738 3,690
Aug 490 690 340 1,610 600 746 3,730
Sep 420 780 340 1,660 680 776 3,880
Oct 460 820 350 1,800 660 818 4,090
Nov 550 830 440 1,250 590 732 3,660
Dec 400 790 220 1,620 540 714 3,570
Total 5,440 9,670 3,840 19,340 7,080 9,074 45,370

1. In the “Problem_1” worksheet, merge and center the range A1:H1, apply the Title cell style (under the
Styles group of the Home tab), and then increase the font size to 26 points. Merge and center the range
A2:H2, apply the Title cell style, and then increase the font size to 20 points. Use a Fill Color to color the
cell.
The Styles Group under the Home tab.

2. Merge and center the range A3:A16, set the alignment to Middle Align, rotate the text 90 degrees
counterclockwise, apply the Accent color cell style (see figure above), increase the font size to 16 point,
and then bold the text.

3. Use the Format Painter (select cell A3, and then click on Paint Brush in the Clipboard group in the Home
tab, then click on cell A18) to copy the format of merged cell A3 into the range A18:A31; A33:A46.
4. Center the text in the range C3:I3. Format the range C4:I16 to include thousands separators (,) and no
decimal places. Use the Format Painter to copy the formats in the range C3:I16 to the
rangeC18:I31;C33:I46.

5. Use the Average and Sum functions to calculate the average and total sales figures for each month in
columns H and I of each table, respectively.

6. In the range B3:I16, go to the Home tab, to the Styles group, and select Format as Table to apply a table
style of your choice.

7. Turn off the filter arrows (under the Data tab, under the Sort & Filter group, click on the Filter button),
and then display the header row, first column, last column, and banded rows (these options can be set
in the Table Tools Design tab). In the range B16:I16, change the fill color of the Total row to a new color.
In the range H4:I16, change the fill color to white. Label cells H3 “Average,” and I3 “Total”

8. Apply the same formatting to the other two tables in the worksheet.

9. Add orange data bars to the range I4:I16. To do so, select cells I4:I16, and in the Home tab, Styles group,
click on Conditional Formatting, click on Data Bars, then under the Gradient Fill group, select Orange
Data Bar. Also add orange data bars to the ranges H19:H30 and H34:H45.

10. Add a blank line above the first table.

11. Do not show gridlines. To do this, go to the View tab, and in the Show group uncheck Gridlines.
 12. Set the worksheet page orientation to landscape (to do this, go to the Page Setup group under the Page
Layout tab and change the Orientation), insert manual page breaks at cells A18 and A33 (page breaks
can be set using the Breaks button on the Page Layout tab), and then repeat the first two rows of the
worksheet on every printed page (by setting the Print Titles option).

You do not need to print the sheets.

Problem 3: Re-create the one-variable data table from the Inspired Endeavors case:

Insert a chart that shows Revenues and Expenses, as a function of Units sold. Use the data in the one-variable
data table as the source.

Add title, axes labels and number formats, and legends. Re-scale axes.

In a cell of your choice in the worksheet, calculate the breakeven point.

This cell should dynamically update in response to parameter value changes.

Hint: You must algebraically solve for the Units Sold level that equals the breakeven point. To break even, Net
Income (Units Sold) = 0. We know that:

Net Income (Units Sold) = Revenues (Units Sold) – Variable Expenses (Units Sold) – Fixed Expenses

Set: Revenues (Units Sold) – Variable Expenses (Units Sold) – Fixed Expenses = 0

= Price per Unit * Units Sold – MFG_Cost_per_Unit * Units Produced – MTR_Cost_per_Unit*

Units_Produced – Fixed Expenses = 0
 = Price_per_Unit* Units Sold – MFG_Cost_per_Unit *(1.05* Units Sold) –
MTR_Cost_per_Unit*(1.05*Units Sold) – Fixed Expenses = 0

Solve for Units Sold… after simplifying the above, you should have an expression with Units Sold =…..

• For the base case, the expression should evaluate to 20,000 (the breakeven point we found using Goal
Seek).

• To draw the dashed, vertical line on the chart, you will need
to define (in the worksheet) two points whose x-coordinate
equal the breakeven value, and whose y-coordinate spans
the y-value range.

• To add the line, click Add to add a new series to select the series x and y values.

• Add the series x and y values, as well as the name in the pop-up box (below).

• Move the chart so that it appears as a separate sheet. To do so, right click outside the Plot Area, and
select Move Chart. Select New Sheet. Name the sheet “Expense-Revenue Relationship.”
Problem 4: Fill-in the budget given in the Problem 4 worksheet.

a. Assume your take-home salary is $4,500.

b. Use Conditional Formatting to format cell B36, so that it’s filled in red, with white font, if there
is a cash shortage in the budget.

c. Use Goal Seek to find the breakeven take home salary. Place your answer in cell E1. Set the
value of cell B4 back to $4,500.

d. Use a one-variable data table to answer the following question: How “Cash Extra or Short”
change for “Salary” values of $4,000 - $6,100, in increments of $150? Your column header
should be labeled Ending Cash. Use the Custom Formatting shown in class.

e. Use a two-variable data table to answer the following question: How will “Ending Cash”
change for “Salary” ranging from $4,000 to $5750, in increments of $250, and “Rent/Mortgage”
expenses of $1500 - $3300, in increments of $150? Format the table appropriately.

f. Use Conditional Formatting to highlight in red all Salary and Rent/Mortgage combinations that
lead to negative ending cash positions?
[Extra Problem – Not Graded] Problem 5: In worksheet Problem 5, you will find population, gross domestic
product, and projected growth rate for BRIC (Brazil, Russia, India, China) countries and the United States. Create
a bubble chart, as shown below, to highlight the growth rates of the various countries.

Here are some hints to create the chart:

• Bubble charts are located under the Scatter Charts, in the Charts group of the Insert tab.
• You will need to download images of the flags for the different countries.
o To do so, do a Google search for “USA Flag,” for example. Click on “Images” to see
images. Right click on the image you want to save, and click on “Save Image As…” Save
the image in your local drive. See figure below.
o Repeat for other flags.
• Once you’ve created the chart with plain bubbles (see below), you will need to select each bubble
(double click on a bubble until it is the only one selected). Right click on bubble, select Format Data
Point.

• Select the Fill options, Click on Picture or texture fill, then click
On File to select the appropriate flag for the bubble.

• To show the labels next to each bubble, select Data Labels under the
Add Chart Element, in the Chart Layouts group. Select the More
Data Label Options. Choose Bubble Size as the label to be displayed.

• Format the chart title, axes titles, number formats.