#Exp22 Excel Ch07 Cum HotTubs
#Excel Chapter 7 Cumulative – Ultimate Hot Tubs
You are a data analyst for Ultimate Hot Tubs, which has locations in five states. You want to analyze sample sales data and create a map to indicate sales by state. In addition, you want to create a loan amortization template that can be used to show customers.
Start Excel. Download and open the file named Exp22_Excel_Ch07_Cum_HotTubs.xlsx. Grader has automatically added your last name to the beginning of the filename.
Your first task is to use date functions to identify the day of the week each order was placed.
In cell D2, insert the WEEKDAY function to return the serial number representing the weekday that the first hot tub was ordered (cell E2). Copy the function to the range D3:D12.
The result of the WEEKDAY function is a serial number. You will format it to display as a day of the week and left-align the results.
Select the range D2:D12. Apply a custom number format dddd to display the actual weekday. Apply Left horizontal alignment.
You want to calculate the number of days between the order date and date the store received the hot tub.
In cell G2, insert the DAYS function to calculate the number of days between the Date Ordered and Date Received for the first hot tub. Apply Center horizontal alignment. Copy the function to the range G3:G12.
Next you will use logical functions. First, you will use the SWITCH function to switch the codes PD and CR for Paid in Full and Credit, respectively.
In cell C2, insert the SWITCH function to evaluate the first value in the Code column. Switch PD for Paid in Full and switch CR for Credit. Use text strings for the last four function arguments. Copy the function to the range C3:C12.
Now, you will issue a store credit toward cleaning supplies if orders took over 45 or 70 days as a goodwill gesture.
In cell I2, insert the IFS function. Evaluate if the Days for the first hot tub order was greater than 70. If so, return $100. If the Days for the hot tub was greater than 40, return $50. Otherwise, return $0. Use cell references to the criteria thresholds and store credits located in the range H15:I16. Use relative and mixed references correctly. Copy the function to the range I3:I12.
Finally, you will create a nested IF function that displays Send Gift Basket for customers who bought either the Luxury or Serenity model and paid in full.
In cell J2, insert an IF function with a nested AND function with a nested OR function. The function should display Send Gift Basket if these conditions are met: (1) the model was either Luxury or Serenity and (2) the hot tab was Paid in Full. If the conditions are false, use an empty text string "". Use text within the arguments and appropriate relative cell references. Copy the function to the range J3:J12.
Your assistant created a section for summary statistics below the main dataset. You will calculate the average number of days between the order and received dates.
In cell B15, insert the AVERAGEIF function to calculate the average number of days for the Luxury model. Use mixed references to the range and criteria range. Use a relative reference to cell A15 that contains the model name. Do not type text as the criteria argument. Apply Number format with 0 decimal places and apply Center horizontal alignment. Copy the function to the range B16:B17 and preserve the existing border in cell B17.
In cell C15, insert the COUNTIF function to calculate the quantity of each hot tub model. Use mixed references for the range and a relative reference to the first model in cell A15. Apply Center horizontal alignment. Copy the function to the range C16:C17 and preserve the existing border in cell C17.
Now, you will identify the highest price for the Luxury hot tub model.
In cell E15, insert the MAXIFS function to calculate the highest-price Luxury model purchased on credit. Use mixed references to the range and criteria range arguments. Use a relative reference to the model name in cell A15. Use a mixed reference to the word Credit in cell E14.
Now, you will identify the average price for the Serenity hot tub model.
Copy the function in cell E15 to cell E16 and preserve the existing border in cell E16. Edit the function in cell E16 to calculate the average price of the Serenity model purchased on credit. If you used correct mixed and relative references in the original function, the only edit is to change the function name to AVERAGEIFS.
Now, you are ready to enter the last conditional formula.
Copy the function in cell E15 to cell E17 and preserve the existing border in cell E17. Edit the function in cell E17 to calculate the lowest price of the Bubbles model purchased on credit. If you used correct mixed and relative references in the original function, the only edit is to change the function name to MINIFS.
Your assistant created a list to summarize the annual sales for the top five states. You will create a map to visually depict the data.
Display the Map worksheet. Select the range A3:B8 and insert a map. Cut the map and paste it in cell D1.
Change the map title to Annual Hot Tub Sales and apply Blue, Accent 5, Darker 50% font color to the chart title.
You will add the final touches to the map.
Set 2.8" height and 4.6" width. Show all data labels.
Customers often want to see a breakdown of loan payments. Your assistant started a loan amortization table for you. Now, you are ready to complete it. First, you will calculate the APR.
Display the Loan worksheet. In cell B3, insert the RATE function. Use the cell references to the price, term, and monthly payment. Multiple the result by 12 using a cell reference to calculate the APR. Make sure the function returns a positive value.
Next, you want to enter the due dates.
In cell A8, insert the EDATE function to return the next month’s payment due date. Copy the function to the range A9:A18.
Now, you want to format the results of the EDATE function.
Select the range A8:A18. Apply the Short Date number format, Align Right horizontal alignment, and indent once.
In cell E1, insert the CUMIPMT function to calculate the cumulative interest. Use cell references to calculate the periodic rate, nper, present value (price) starting period, and ending period. Make sure the function returns a positive value.
In cell E2, insert the CUMPRINC function to calculate the cumulative principal through the sixth month payment. Use cell references for all arguments. Make sure the function returns a positive value.
You are ready to enter a formula to calculate interest payments.
In cell C7, insert the IPMT function to calculate the first month’s interest payment. Use relative and mixed cell references correctly. Copy the function to the range C8:C18.
Now, you are ready to insert a function to calculate principal payment.
In cell D7, insert the PPMT function to calculate the first month’s principal. Use relative and mixed cell references correctly. Copy the function to the range D8:D18.
The last column will display the remaining balance after each payment.
In cell E7, insert a formula to calculate the remaining balance by subtracting the first principal repayment from the original price. Insert a formula in cell E8 to calculate the remaining balance by subtracting the second principal repayment from the first month’s remaining balance. Copy the formula to the range E9:E18.
Format the range C7:E18 with Accounting Number Format.
Save and close Exp22_Excel_Ch07_Cum_HotTubs.xlsx. Exit Excel. Submit the file as directed.
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