Question: 1 . Fix the following errors in the Shopping List worksheet . Use cell references and named ranges where appropriate. All the named ranges you
Fix the following errors in theShopping Listworksheet Use cell references and named ranges where appropriate. All the named ranges you might need have been defined for you. Refer to theNamed Ranges Referencesheet for a description of each defined name.
a The formula in cellBshould calculate the total cost of all the shopping items by multiplying the number of items ordered in theQuantitycolumn by the cost of each item in theTotalCostperUnitcolumn and then summing the values. Be sure to round the final value to two decimal places. If necessary, apply theAccounting Number Format. b The formula in cellBshould allow you to look up the vendor for the item listed in cellB Using a nested INDEX and MATCH formula is the right idea, but the formula is not quite right. Add an IFERROR function to displayNo such itemif the formula results in an error. Also, use absolute references so you can copy the formula to cellsBandB c In cellB copy and paste the corrected nested INDEX and MATCH formula and then update theColumnnumargument to find the quantity ordered. d In cellB copy and paste the corrected nested INDEX and MATCH formula and then update theColumnnumargument to find the items total cost per unit. Edit the formula to calculate the total cost by multiplying the result of the INDEX formula by the quantity ordered cellBHint: Maintain the IFERROR function as the outermost function in the nested formula. If necessary, apply theAccounting Number Format. e There are three items in the shopping list that are based on the number of guests, but the quantity ordered should be rounded up to the nearest whole number. Add the appropriate rounding function to the formulas in cellsDD andD f The formula in cellEshould calculate how many months it will take to pay off the loan using the total cost in cellBand the loan terms in cellsEandE The formula is using the wrong function and the arguments are in the wrong order. Once you correct this formula, the final cost of the party cell E will be correct as well.
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