Question: Create an Excel workbook. The workbook will contain three worksheets, created from scratch and not using an existing template. Sheet 1 : Name the sheet

Create an Excel workbook. The workbook will contain three worksheets, created from scratch and not using an existing template.
Sheet 1: Name the sheet Budget 2024.
Create a 2024 Budget for yourself or your family. It should have data for 12 months, with some of the data estimated. Start your budget in January and end in December 2024.
The budget should include the following:
Income
Total Income
Expenses - at least five should be listed (can include mortgage, electricity, cable or dish, college (tuition, books), insurance, food, entertainment, etc). Expenses must include car payment from Sheet 2 below.
Total Expenses
Net Income (Income minus Expenses)
Income and expenses should be listed by month so that you can create the clustered bar chart in Sheet 3 using expenses and months.
Formulas must be designed to calculate accurately. Formulas to include SUM, MIN, MAX, and COUNT.
Format your spreadsheet. Consider Fonts, Font size, Bold, Underline, Merge and Center, Currency, decimal placement, Centering, indenting, and styles.
Sheet 2: Name the sheet Car Payment.
Use the Payment Function to determine the monthly payment to purchase a vehicle within your budget. Use an interest rate of 3.89% and a duration of 60 months.
This car payment will be included as and expense in your Budget 2024 worksheet
Enhance this sheet with formatting.
Sheet 3:
Create a Clustered Bar Chart of your Budget 2024 using expenses and months.
Move this chart into its own sheet and name the sheet Income Expense Chart.
The chart should have Title, Legend, Data Label Callout on highest expense.
Use Fill color on the chart area and plot area.
Enhance this chart with formatting too.
Create a Column Sparkline on your Budget 2024 worksheet to convey the Expenses Totals. Put the Sparkline to the right of your worksheet.

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 Accounting Questions!