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Excel Projects How To Enter Answers - Instructions

The document provides step-by-step instructions for completing an Excel project related to a scholarship competition, detailing how to enter data, use formulas, and analyze prize payouts. It includes specific tasks such as calculating yearly payouts, determining the year with the highest payout, and using functions like RANK.EQ and LOOKUP. The project is structured to guide users through data entry and formula application to achieve a total score of 20 points.

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wendyubf121
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© © All Rights Reserved
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4 views3 pages

Excel Projects How To Enter Answers - Instructions

The document provides step-by-step instructions for completing an Excel project related to a scholarship competition, detailing how to enter data, use formulas, and analyze prize payouts. It includes specific tasks such as calculating yearly payouts, determining the year with the highest payout, and using functions like RANK.EQ and LOOKUP. The project is structured to guide users through data entry and formula application to achieve a total score of 20 points.

Uploaded by

wendyubf121
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Grader - Instructions Accounting 2016 Project

Excel Projects: How to Enter Answers


Project Description:
Chapter 0 Tutorial - v2

Steps to Perform:

Points
Step Instructions
Possible

1 This year, Sam, Jo, Andi and Loren won 1st, 2nd, 3rd and 4th place, 0
respectively, in the annual scholarship competition. The first place
winner will receive the scholarship over 4 years, the second place
winner will receive the prize over 3 years, the third place winner will
receive the scholarship over 2 years, and the fourth place winner will
receive the scholarship as a single lump sum.
2 1. Enter the information in the Yearly Prize Payout table to determine 0
the total amount of money the Scholarship Competition will pay out
each year. (Make sure to use cell references, formulas and functions
where appropriate.) [14 points]
• Make sure to use the RANK.EQ function to fill out Ranks column.

2. During which year is the Scholarship Competition paying out the


most money? [2 points]
• Enter your answer in cell F10.
• Make sure to use the LOOKUP function.
3 (1) We are going to split the screen so you can see both the Data tab 0
and the Start Template tab at the same time. [0 POINTS -- this is an
excel tip; completing this will never be graded]
a) To start, click View in the top tool bar.
b) Click New Window (first option in fourth section of tool bar).
c) Click VIEW > Arrange All (second option in fourth section of tool
bar), then select Vertical and click OK.
d) On the right hand screen, click on the ENTER SOLUTION HERE
tab, so that you can see the Data tab on the left, and the SOLUTION
tab on the right
4 (2) All answers will be entered on the ENTER SOLUTION HERE tab; 10
we will start by filling in the table [10 points]
a) In cell B4, type = then on the Data tab, click on cell B7 to create a
cell reference; next type /4, as Sam will receive the scholarship divided
over 4 years, and then click enter
b) In cell C4, type = then on the Data tab, click on cell B8; next
type /3, as Jo will receive the scholarship divided over 3 years, and
then click enter

Created On: 01/14/2020 1 Excel Projects: How to Enter Answers


Grader - Instructions Accounting 2016 Project

Points
Step Instructions
Possible

c) In cell D4, type = then on the Data tab, click on cell B9; next type
/2, as Andi will receive the scholarship over 2 years, and then click
enter
d) In cell E4, type = then on the Data tab, click on cell B10, and then
click enter; Loren receives the scholarship as a lump sum, so no need
to divide the amount
e) In cell B5, type = then click on cell B4 on same tab (ENTER
SOLUTION HERE), and then click enter; since the scholarship is paid
out in equal amounts, the amount paid out in the second year for Sam
is the same as the first year
f) Click on cell B5; click and hold on the small green square in the
bottom right corner of the cell (called the fill handle), and then drag
across to cell D5
• Your cell reference is copied across cells; since it is a relative cell
reference, the reference changes relative to the position of the new
cell
• You only drag to cell D5 because Loren's scholarship was
completely paid out in the first year
g) In cell B6, type = then click on cell B5 on the same tab (ENTER
SOLUTION HERE), and then click enter
h) Click on cell B6; click and hold the fill handle and drag across to
cell C6
• You only drag to cell C6 because Loren's scholarship was
completely paid out in the first year and Andi's was completely paid out
after the second year
i) In cell B7, type = then click on cell B6 on the same tab (ENTER
SOLUTION HERE), and then click enter
j) INTRODUCING ERRORS: In cell D5, type 5000; this is an error
because we are not using a cell reference; we will get partial credit
h) INTRODUCING ERRORS: In cell B7, type 8500; this is an error
because we are not using a cell reference AND because we entered
the wrong value; we will get no credit
i) When we review, you will notice that we received partial credit in
cell F7; this is because we got the wrong final value, but used the
correct formula
5 (3) We will now sum the rows and assign ranks [4 points] 8
a) In cell F4, type =SUM(B4:E4), and then click Enter
b) Click on cell F4; click and hold the fill handle and drag down to cell
F7
c) In cell G4, type =RANK.EQ(F4,$F$4:$F$7,0)
• The RANK.EQ function will assign the approproiate rank to the
totals in column F start with 1 as the greatest total

Created On: 01/14/2020 2 Excel Projects: How to Enter Answers


Grader - Instructions Accounting 2016 Project

Points
Step Instructions
Possible

• The $ is used to create an absolute cell reference, or one that


continues to reference the exact same cell no matter the relative
position; we use this so we can drag and fill the RANK.EQ column
without the cell references changing
d) Click on cell G4; click and hold the fill handle and drag down to cell
6 (4) Last, we will determine during which year the scholarship 2
committee paid out the most money [2 points]
a) In cell F10 type =LOOKUP(1,G4:G7,A4:A7)
• The LOOKUP function finds the cell with a rank of 1 in cells
G4:G7, and then grabs the value in the corresponding row in cells
A4:A7
7 SAVE & SUBMIT: 0
After entering your answer in the second tab (ENTER SOLUTION
HERE), save your spreadsheet by clicking FILE > SAVE AS. Make
sure you DO NOT included spaces in your file name, and remember to
save the file somewhere you will be able to find it, such as the
Desktop.
8 Follow instructions in spreadsheet to complete ATTEMPT #2, to earn 0
100%.
Total Points 20

Created On: 01/14/2020 3 Excel Projects: How to Enter Answers

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