Question: Start Excel. Open the file named TU 0 3 - EBTM 2 5 1 Chapter 1 - Terra Cotta Coffee Shop.xlsx . MyITLab has automatically
Start Excel. Open the file named TU EBTM Chapter Terra Cotta Coffee Shop.xlsx MyITLab has automatically added your last name to the beginning of the filename. Save the file to the location where you are storing your files for future grading. On the "SalesData" worksheet, create the Named Range "SalesData for cells B:M On the "Analysis" worksheet, in cell B use the SUM function to calculate the total revenue from using the SalesData named range. On the "Analysis" worksheet, create a Name Range "Revenuefor in cell B and "PreviousYearCost" in cell B In cell B estimate the costs by multiplying the Revenue by the Previous year's cost in B using the appropriate name ranges. Create the Name Range "Costsfor in cell B "RenovationCost" in cell B and "UpgradeCost" in cell B In cell B calculate the profits by subtracting the Costs from the Revenue. In cell D create an incell dropdown list with the values of Yes and No in that order The dropdown list will be used to indicate whether or not upgraded furniture will be purchased. Select No for the value D Hint: The Source entries in your dropdown list should not have a space after the comma. Create the Name Range "Upgradefurniture?" in cell D Cell B will display the renovation costs based on the renovation decision shown in D Use an IF function to display the cost of the Renovation B plus the Upgrade Cost B if the D shows "Yes". Otherwise B should display just the Renovation Costs. Once your IF function equation has been completed, create the name range "TotalRenovationCost" for cell B In cell B add Data Validation that will only allow investments between the minimum and the maximum Type the value in cell B Now create the name range "InvestmentAmount" for B In cell B calculate the amount needed to finance by subtracting "InvestmentAmount" from "TotalRenovationCost" Create the name range "AmountNeededtoFinance" in cell B In cell B use a VLOOKUP function to retrieve the Annual Percent Rate eg the "APR" based on the amount needed to finance. Use the table of data in A:B as required for the function. Format the results as a percentage with decimals. Create the following name ranges: "APRforLoan" in cell B and "Term" in cell B In cell B use the PMT function to calculate the monthly cost of the loan if payments are made at the end of each month. The result should be displayed as a positive number in the Currency format. Hint: The term of the loan is shown in B In cell B use the PMT function to calculate the quarterly cost of the loan if payments are made at the end of each quarter. The result should be displayed as a positive number in the Currency format. Format cells B B:B and B:B in the Currency format with zero decimal places. Calculate the annual cost of the Monthly and Quarterly loans in cells D and D respectively. In cell H type an absolute cell reference to the cell that calculates the profits for Copy the formula across the row to cell N This will display results for years of stagnant profits. Increase the width of columns I:N if necessary. Use the values in the list below as the estimated growth rates of annual profits in cells H:N Format the values as percentage with decimal places. Year : Year : Year : Years : In cell H calculate the Estimated Annual Profits in year based on the "Stagnant Annual Profit" amount in H and the "Estimated Growth Rate" in H Format results in Currency with zero decimals. Hint: No function is necessary; simple math. Your answers in cells H:N will all be greater than $ In cell H calculate the difference between the Year "Stagnant Annual Profits" and the Year "Estimated Annual Profits". AutoFill the calculation over to N and format as Currency with zero decimals. In cell H use the SUM function to calculate the total amount of additional profits earned throughout the year period. Format cell as Currency with zero decimals. In cell I use an IF function that will display Yes if the Total Additional Profits H would be more than the annual cost of monthly payments D Otherwise, have cell I display No Create a D Line chart that compares the annual Stagnant Profits to the annual Estimated Profits for each of the seven years. Have the years ie Year Year etc. displayed as categories. Place the upper left corner of the chart in G the lower right in cell N Update the chart as follows: Apply Style to the chart Update the Legend to read "Stagnant Profits" and "Estimated Profits". Move the Legend to the top Update the Categories to display allseven years ie Year Year Year etc. Add a primary vert
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