Question: 2 Create range names based on the left columns in the ranges A4:B9, A20:B20, and A30:B30. 3 Edit the named range of_Guests_Using_Valet to Guests_Using_Valet .

2

Create range names based on the left columns in the ranges A4:B9, A20:B20, and A30:B30.

3

Edit the named range of_Guests_Using_Valet to Guests_Using_Valet.

4

Enter a formula in cell B27 using Named Ranges to calculate projected cost of catering. The cost of catering is the cost per meal * the total number of tickets sold.

5

Enter a formula in cell B28 using Named Ranges to calculate total cost for room setup.

6

Enter a formula in cell B29 using Named Ranges to calculate the total valet expenses. The total valet expenses can be calculated by multiplying tickets sold * total guests using valet * valet cost per car.

7

Use a function to total all expenses in cell B30.

8

Enter a formula in cell C32 to calculate the remaining balance (Total_Income - Total_Expenses).

9

Enter a series of substitution values in the range E5:E20. The values should start at 50 and increase in increments of 5 stopping at 125.

10

Enter references to Total_income, Total_Expenses, and Balance in the correct locations (F4, G4, and H4) for a one-variable data table. Use range names where indicated.

11

Complete the one-variable data table in the range E4:H20 using cell B5 as the column input cell, and then format the results with Comma Style.

12

Type Price in cell E4 and apply custom number formats to make the formula references appear as descriptive column headings. In F4, Total Income; in G4, Total Expenses, in H2, Balance.

13

Copy the range E5:E20 and paste it in the range J5:J20.

14

Type 400 in cell K4. Complete the series of substitution values from 400 to 525 in increments of 25.

15

Enter the reference to the Balance formula in the correct location for a two-variable data table.

16

Complete the two-variable data table in the range J4:P20. Use cell B4 as the Row input cell and B5 as the Column input cell. Format the results with Comma Style formatting.

17

Apply a custom number format to make the formula reference appear as a descriptive column heading Price.

18

Load the Solver add-in if it is not already loaded. Set the objective to calculate the highest Balance possible (C32).

19

Use Tickets Sold (cell B4) and Ticket Price (cell B5) as changing variable cells. Do not use range names.

20

Use the Constraints section of the spreadsheet model to set constraints for minimum ticket price, maximum ticket price, and ticket sales. The ticket price must be less than or equal to the maximum ticket price (cell B14). The ticket price must also be greater than or equal to the minimum ticket price (cell B13). The total tickets sold must be less than or equal to the ballroom capacity and the number of tickets sold must be an integer.

21

Solve the problem. Generate the Answer Report and Keep Solver Solution.

22

Save and close Exp19_Excel_Ch06_HOEAssessment_ScholarshipDinner.xlsx. Exit Excel. Submit the file as directed. 2 Create range names based on the left columns in the

File Home Insert Draw Page Layout Formulas Data Review View Help Acrobat Power Pivot QuickBooks Share Calibri 11 = = as General Conditional Formatting i Insert W en 4 LE I B U A A Format as Table DX Delete Ideas Paste $ % 60 00 - 50 A A Cell Styles Format Clipboard Font Alignment Number Styles Calls Editing Ideas U19 X D E F G H 1 L M N P P R 5 1 Scholarship Dinner One-Variable Data Table: Attendees Two-Variable Data Table: Attendees and Pi $ $ 400 50.00 24.95 50% 20.00 1.75 $ $ $ $ 525 30.00 100.00 .300 2 3 Input 4. Tickets sold 5 Ticket Price 6 Cost per meal 7 % of Guests Using Valet 8 Valet Costs per Car 9 Cost per chair setup 10 11 Constraints 12 Ballroom capacity 13 Minimum Ticket Price 14 Maxirnurn Ticket Price 15 Maximun Number of Parking Spaces 16 17 Income 18 Donations 19 Ticket Revenue 20 Total Income 21 22 Expenses 21 Facility Rental 24 Entertainment 25 Marketing 26 Cleanup Costs 27 Meal Cost 28 Table/Chairs Setup 29 Valet Parking 30 Total Expenses 31 32 Balance 33 34 Scholarship Dinner 3000 $ 20,000.00 $23,000.00 $ $ 15,000.00 $ 1,200.00 $ 3,000.00 $ 2,500.00 File Home Insert Draw Page Layout Formulas Data Review View Help Acrobat Power Pivot QuickBooks Share Calibri 11 = = as General Conditional Formatting i Insert W en 4 LE I B U A A Format as Table DX Delete Ideas Paste $ % 60 00 - 50 A A Cell Styles Format Clipboard Font Alignment Number Styles Calls Editing Ideas U19 X D E F G H 1 L M N P P R 5 1 Scholarship Dinner One-Variable Data Table: Attendees Two-Variable Data Table: Attendees and Pi $ $ 400 50.00 24.95 50% 20.00 1.75 $ $ $ $ 525 30.00 100.00 .300 2 3 Input 4. Tickets sold 5 Ticket Price 6 Cost per meal 7 % of Guests Using Valet 8 Valet Costs per Car 9 Cost per chair setup 10 11 Constraints 12 Ballroom capacity 13 Minimum Ticket Price 14 Maxirnurn Ticket Price 15 Maximun Number of Parking Spaces 16 17 Income 18 Donations 19 Ticket Revenue 20 Total Income 21 22 Expenses 21 Facility Rental 24 Entertainment 25 Marketing 26 Cleanup Costs 27 Meal Cost 28 Table/Chairs Setup 29 Valet Parking 30 Total Expenses 31 32 Balance 33 34 Scholarship Dinner 3000 $ 20,000.00 $23,000.00 $ $ 15,000.00 $ 1,200.00 $ 3,000.00 $ 2,500.00

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!