AMORTIZATION

Calculate the payment amount for the loan in cell C15. Reference the cells containing the appropriate
loan information as the arguments for the function you use. Cells C20-C67 in the "Payment" column are
populated with the payment amount from cell C15. [34 Points]

=PMT(Rate/#months(12), # of payments ,Loan Amt)

=PMT(C13/12,C12,C11)

Calculate, in cell D20, the interest amount for period 1 by multiplying the balance in period 0 (cell F19)
by the loan interest rate (cell C13) divided by 12. Dividing the interest rate by 12 results in the monthly
interest rate. This formula is reusable. The interest for a given period is always the monthly interest rate
times the balance from the previous period.

=F19*$C$13/12

Calculate, in cell E20, the principal amount for period 1. The principal amount is the difference between
the payment amount (cell C20) and the interest amount (cell D20) for period 1. Construct your formula
in such a way that it can be reused to complete the "principal" column of the amortization table.

=C20-D20

Calculate, in cell F20, the balance for period 1. The balance is the difference between the balance for
period 0 (cell F19) and the principal amount for period 1 (cell E20). This formula is reusable. The balance
is always calculated as the difference between the balance from the previous period and the principal
amount for the current period.

=F19-E20

Calculate, in cell G12, the total amount paid by multiplying the payment amount (cell C15) by the term
of the loan (cell C12).

=C15*C12

Calculate the total interest paid in cell G13. The total interest paid is the sum of all interest paid in the
"Interest" column of the amortization table.

=SUM(D20:D67)
Check to see if the total interest calculation in the amortization table is correct. The total interest paid is
also equal to the difference between the total amount paid over the course of the loan and the original
loan amount. Insert a formula into cell G14 to calculate the difference between the total amount paid
and the original loan amount. Notice the negative sign associated with the original loan amount. This
value should equal the total interest calculated using the amortization table.

=G12-ABS(C11)

Assume you have made the first 36 payments on your loan. You want to trade the car in for a new car.
You believe that you can sell your car for $4000. Will this cover the balance remaining on the car in
period 36? Answer either "Yes" or "No" in cell G15 from the drop-down menu. No

FOUR Js PAINTING

Use the HLOOKUP function to complete the "Hourly Wage" column of table 1. Use the "Employee"
column of table 1 as the lookup_value and the "Employee Wage Information" above table 1 as your
reference table.

=HLOOKUP(D16,$E$11:$H$12,2,FALSE)

Use the AND function to complete the "Time Bonus?" column of table 1. An employee earns a time
bonus if the project's "Hours Worked" are fewer than the "Estimated Hours" and if the work "Quality" is
greater than 1.

=AND(E16<C16,H16>1)

Use the OR function to complete the "Outcome Bonus?" column of table 1. An employee earns an
outcome bonus if the difficulty of a job is greater than 3 or if the quality of their work is equal to 3.

=OR(G16>3,H16=3)

Use the IF function to complete the "Time Bonus $" column of table 1. If an employee earns a time
bonus (i.e., the corresponding cell in the "Time Bonus?" column is TRUE), then "Time Bonus $" is the
"Job Pay" for that project times the bonus percentage in cell M11. Otherwise "Time Bonus $" is 0.

=IF(I16,K16*$M$11,0)

Use the IF function to complete the "Outcome Bonus $" column of table 1. If an employee earns an
outcome bonus (i.e., the corresponding cell in the "Outcome Bonus?" column is TRUE), then "Outcome
Bonus $" is the "Job Pay" for that project times the outcome bonus percentage in cell M12; otherwise,
"Outcome Bonus $" is 0.

=IF(J16,K16*$M$12,0)

Use the IF function to complete the "Comments" column of table 1. Display "Good Job" if both the
"Hours Worked" are less than or equal to the "Estimated Hours" for a project and the assessed "Quality"
of that project is greater than 1. Display "Too Much Time" if the "Hours Worked" on a project exceed the
"Estimated Hours" for that project; otherwise, display "Poor Quality."
=IF(AND(E16<=C16,H16>1),"Good Job",IF(E16>C16,"Too Much time","Poor Quality"))

Use the VLOOKUP function to complete the "Employee" column of table 2. Use "Job ID" from table 2 as
your lookup_value(s) and table 1 as the reference table.

=VLOOKUP(B40,$B$16:$O$35,3,FALSE)

Use the VLOOKUP function to complete the "Difficulty" column of table 2. Again, use "Job ID" from table
2 as the lookup_value(s) and table 1 as the reference table.

=VLOOKUP(B40,$B$16:$O$35,6,FALSE)

Use the COUNTIF function to complete the "# of Jobs" column in table 3. Reference the appropriate field
in table 1 as your range and the "Employee" names in table 3 as your criteria.

=COUNTIF($D$16:$D$35,G39)

Use the SUMIF function to complete the "Total Hours" column in table 3. Reference the appropriate
field in table 1 as your range and the "Employee" names in table 3 as your criteria.

=SUMIF($D$16:$D$35,G39,$E$16:$E$35)

Use the SUMIF function to complete the "Total Pay" column in table 3. Reference the "Employee" field
in table 1 as your range, the "Employee" names in table 3 as your criteria, and the "Total Pay" field in
table 1 as your sum_range.

=SUMIF($D$16:$D$35,G39,$N$16:$N$35)

Use the COUNTIF function to complete the "# of Touch-ups" column in table 4. Reference the
appropriate field in table 2 as your range and the "Difficulty" rating in table 4 as your criteria.
=COUNTIF($D$40:$D$46,G46)

Use the SUMIF function to complete the "Cost Touch-ups" column in table 4. Reference the appropriate
field in table 2 as your range and the "Difficulty" rating in table 4 as your criteria.

=SUMIF($D$40:$D$46,G46,$E$40:$E$46)

Use the AVERAGEIF function to complete the "Average Hours/Job" column in table 4. Reference the
appropriate field in table 1 as your range and the "Difficulty" rating in table 4 as your criteria.

=AVERAGEIF($G$16:$G$35,G46,$E$16:$E$35)

SPENDING

Use the LEN function in cell D10 to determine the number of characters in the statement template in
cell D9. =LEN(D9)

Use the SEARCH function in cell D11 to determine the position of the "#" character in the statement
template (cell D9). =SEARCH("#",D9)

Use the SEARCH function in cell D12 to determine the position of the "$" character in the statement
template (cell D9). =SEARCH("$",D9)

Use the LEFT function in cell D13 to return the text "I spent $" from the statement template in cell D9.
Refer to the location of the "$" character you calculated in cell D12 as the "num_char" argument for
your function.

=LEFT(D9,D12)

Use the MID function in cell D14 to return the text "at merchant #" from the statement template in cell
D9. Refer to the location of the "$" (in cell D12)—adjusted by adding 1—as the "start_num" argument.
Use the difference between the location of the "#" character (in cell D11) and the "$" character (in cell
D12) as the "num_char" argument.

=MID(D9,D12+1,D11-D12)
Use the RIGHT function in cell D15 to return the text "on:" from the statement template in cell D9. Use
the difference between the length of the statement template (in cell D10) and the location of the "#"
character (in cell D11) as the "num_char" argument.

=RIGHT(D9,D10-D11)

Use the MONTH function in cell E18 to calculate the month portion of the "Time Stamp" in cell B18.
Copy and paste your function down to complete the "Month" column of the table.

=MONTH(B18)

Use the DAY function in cell F18 to calculate the day portion of the "Time Stamp" in cell B18. Copy and
paste your function down to complete the "Day" column of the table.

=DAY(B18)

Use the HOUR function in cell G18 to calculate the hour portion of the "Time Stamp" in cell B18. Copy
and paste your function down to complete the "Hour" column of the table.

=HOUR(B18)

Use the MINUTE function in cell H18 to calculate the minute portion of the "Time Stamp" in cell B18.
Copy and paste your function down to complete the "Minute" column of the table.

=MINUTE(B18)

Use the SECOND function in cell I18 to calculate the second portion of the "Time Stamp" in cell B18.
Copy and paste your function down to complete the "Second" column of the table.

=SECOND(B18)

Use the CONCAT function (or the CONCATENATE function if you are using Excel 2013 or earlier) in cell
J18 to create the "Date" by combining the "Month" in cell E18 with the "Day" in cell F18. "Date" should
use this syntax: "Month/Day". Your function should, therefore, also insert the "/" character between the
"Month" and "Day." Copy and paste your formula down to complete the "Date" column of the table.

=CONCAT(E18,"/",F18)

Use the CONCAT function (or the CONCATENATE function if you are using Excel 2013 or earlier) to create
the "Transaction Statement" in cell K18. The statement in cell K18 should read "I spent $24.06 at
merchant #4931 on: 8/1". To make this statement, combine "Statement P1" in cell D13, the "Amount" in
cell D18, "Statement P2" in cell D14, the "Merchant ID" in cell C18, "Statement P3" in cell D15, and the
"Date" in cell J18. Copy and paste your function down to complete the "Transaction Statement" column
of the table.

=CONCAT($D$13,D18,$D$14,C18,$D$15,J18)

EVENT PROFIT

In the "Input Analysis" section of the spreadsheet model, calculate the average attendance and sales for
each type of product from the past events listed in the "Past Events" worksheet.

=AVERAGE('Past Events'!C4:C103)

In the "Input Analysis" section of the spreadsheet model, calculate the sample standard deviation for
attendance and sales for each type of product from the past events listed on the "Past Events"
worksheet. (Note for Excel 2007 users: Excel 2007 does not support a specific function to calculate
sample standard deviations. Use the STDEV function instead.)

=STDEV.S('Past Events'!C4:C103)

In the "Input Analysis" section of the spreadsheet model, calculate the 95% confidence interval for the
sales for each type of product. (You will not calculate a confidence interval for attendance.) Use the
number of events (calculated in cell I3) as part of your calculations. (Note to Excel 2007 users: the
CONFIDENCE.NORM function is not supported in Excel 2007. Use the CONFIDENCE function instead.)

=CONFIDENCE.NORM(0.05,J7,$I$3)

In the "Input Analysis" section of the spreadsheet model, calculate the correlations between the sales of
each type of product and event attendance. Use appropriate ranges from the "Past Event" worksheet for
your calculations.

=CORREL('Past Events'!$C$4:$C$103,'Past Events'!D4:D103)

The sales for which product type are most highly correlated with attendance? Select the correct answer
from the drop-down list in cell L32.

Food
In the "Input Analysis" section of the spreadsheet model, calculate a sales forecast for each type of
product if expected attendance at the future event is 18000 people. Reference cell I13 (the attendance
forecast) for your calculations.

=FORECAST($I$13,'Past Events'!D4:D103,'Past Events'!C4:C103)

In the "Input Analysis" section of the spreadsheet model, calculate the upper limit for your sales forecast
for each type of product if expected attendance at the future event is 18000 people. Reference the
confidence interval you created for your calculation.

=I16+J8

In the "Input Analysis" section of the spreadsheet model, calculate the lower limit for your sales forecast
for each type of product if expected attendance at the future event is 18000 people. Reference the
confidence interval you created for your calculation.

=I16-J8

How likely is it that food sales would exceed $220,000 if attendance is 18,000 people? Select the correct
answer from the drop-down list in cell L35.

<5% chance

In the "Event Profitability Analysis" section of the model, enter the projected sales for each product type
for this event by referencing your sales forecast from the "Input Analysis" section of the model.

=I16

Calculate the cost of goods sold (COGS) for each product. The COGS is calculated as the sales for each
product type times the COGS percentage from the "Model Inputs" section of the model for that product
type.

=C15*C4

Calculate the gross profit for each product. The gross profit is calculated as the sales minus the COGS for
each product.

=C15-C16
Which product generates the largest gross profit? Select the correct answer from the drop-down list in
cell L38.

Merchandise

Calculate the commissions paid for each product type. The commissions paid are calculated as the
expected sales for each product type times the commission percentage from the "Model Inputs" section
of the model.

=C15*C5

Enter the fixed costs in the model. Reference the appropriate amount for each product type in the
"Model Inputs" section.

=C6

Calculate the total operating expenses for each product type. This is the sum of salary expenses (yet to
be calculated), commissions, and the fixed costs for each product type.

=SUM(C21,C22,C23)

Calculate the profit before the arena fee for each product type. This is the gross profit minus the total
operating expenses for each type of product, including the salary expenses (yet to be calculated).

=C17-C24

Calculate the number of employees that are needed to work the event for each type of product. This is
calculated as the profit before the arena fee for each type of product, times the employees (% of
expected profit) for each product type from the "Model Inputs" section of the worksheet. Because you
cannot hire a fraction of an employee, round your calculations up to the next whole number.

=ROUNDUP(C26*C7,0)

Which product will require the fewest employees? Select the correct answer from the drop-down list in
cell L40.

Programs

Calculate the salary expenses for each product type. This is calculated as the number of employees
needed for each product type times the salary (per employee) in the "Model Inputs" section.
(Employees make the same salary despite the product type.) This will create a circular reference in your
worksheet. You will need to change the options in Excel to appropriately account for the circular
reference.

To correct circular reference: File > Options > Formulas > enable iterative calculation (check)

=C28+$C$8

Complete the "Sales" portion of the "Profit Summary" section of the worksheet by calculating the total
sales for all products from the "Gross Profit" section of the model.

=SUM(C15:E15)

Complete the "Gross Profit" portion of the "Profit Summary" section of the worksheet by totaling the
gross profit for all products from the "Gross Profit" section of the model.=SUM(C17:E17)

Complete the "Total Operating Expenses" portion of the "Profit Summary" section of the worksheet by
calculating the total operating expenses for all products from the "Operating Expenses" section of the
model. =SUM(C21,C22,C23)

Complete the "Profit before Arena Fee" portion of the 'Profit Summary" section of the worksheet by
calculating the total profit before the arena fee for all products from the "Operating Expenses" section
of the model. =C17-C24

Complete the "Arena Fee" portion of the "Profit Summary" section of the model by referencing the
arena fee from the "Model Inputs" section of the worksheet. =C9

Calculate the "Net Profit" portion of the "Profit Summary" section of the model by subtracting the arena
fee from the profit before the arena fee. =C35-C36

Complete the data table in the "What-if Analysis" section of the worksheet to compare the net profit for
various values of the attendance forecast and the arena fee.

1.) Find Net Profit total > add total to top box in what-if table

2.) Select all the cells in the “What-if” table

3.) Go to Data in Menu

4.) Click on "What If Analysis"

6.) "Row Input Cell" -$I$13 (Attendance),"Column Input Cell"-$C$9 (Arena Fee)

Would the event be profitable with a $150,000 arena fee if 15,000 people were in attendance? Select
the correct answer from the drop-down list in cell L42. No

Past Events

Use the event data on the "Past Events" worksheet (range A3:G103) to construct a PivotTable that will
calculate the average attendance for each type of event. Place the PivotTable on a new worksheet. Use
the "Type" field as a row label for the analysis. Rename the new worksheet "PT1" (without the quotes).

1.)Filters-Event

2.)Rows-Type

3.)Values: Summarize Values By Average of Attendance

Which type of event ("Concert," "Sporting Event," or "Other Event") has the largest average attendance?
Select your answer from the drop-down list in cell J20.

Concert

Use the event data on the "Past Events" worksheet (range A3:G103) to construct a PivotTable that will
calculate the total merchandise sales for events with "Excellent" crowd size. Place the PivotTable on a
new worksheet. Use "Type" as a row label and "Crowd Size" as a report filter for the analysis. Rename
the new worksheet "PT2" (without the quotes).

1.) Filters- Crowd Size

2.) Rows- Type

3.) Values- Sum of Merchandise

4)Select "Excellent" from filter

For only those events with "Excellent" crowd sizes, how much total merchandise revenue was earned?
Select the answer closest to your answer from the drop-down list in cell J23.

$7 Million

PIVOT TABLE
Use the event data on the "Past Events" worksheet (range A3:G103) to construct a PivotTable to
determine what percent of events with "Fair" crowd size were sporting events. Place the PivotTable on a
new worksheet. Use "Type" as a row label, "Crowd Size" as a column label, and an appropriate
presentation of "Event" as the "Values" field for the PivotTable. Rename the new worksheet "PT3"
(without the quotes).

1.) Columns- Crowd Size

2.) Rows- Type

3.) Values- Summarize Values By Count, Show Value As % of Column Total

What percent of events with "Fair" crowd sizes were sporting events? Select the answer closest to your
answer from the drop-down list in cell J26.

51%

Use the event data on the "Past Events" worksheet (range A3:G103) to construct a PivotTable to
determine what percent of all concerts had a crowd size of "Excellent." Place the PivotTable on a new
worksheet. Use "Type" as a row label, "Crowd Size" as a column label, and an appropriate presentation
of "Event" as the "Values" field for the PivotTable. Rename the new worksheet "PT4" (without the
quotes).

1.) Columns- Crowd Size

2.) Rows- Type

3.) Values- Summarize Values By Count, Show Value As % of Row Total

What percent of all concerts had a crowd size of "Excellent"? Select the answer closest to your answer in
the drop-down list in cell J2.

19%

Use the event data on the "Past Events" worksheet (range A3:G103) to construct a PivotTable to
calculate how much more money from total food sales has been generated at both concerts and
sporting events than at other events in the sample. Place the PivotTable on a new worksheet. Use
"Type" as a row label and an appropriate presentation of "Food" as the "Values" field for the PivotTable.
Rename the new worksheet "PT5" (without the quotes).

1.) Rows- Type

2.) Values- Summarize Values By Sum, Show Values As Difference From Type & Concert
How much more money from food sales has been generated at concerts than at other events, not
including sporting events, for events in the sample? Select the answer closest to your answer in the
drop-down list in cell J31.

$625,000

BAKERY

Use Solver to calculate the optimal number of dozens of product to make. Be sure to save your work.
Solver:

Installing solver: File > Options > Add-ins > Solver > Go, Solver

1.) Set Objective: Profit ($C$37)

2.) To: Max

3.) By Changing Variable Cells:

Produced ($C$14:$F$14)

4.)Constraints:

$C$14:$F$14 <= $C$15:$F$15 (Cannot produce more than demanded)

$C$14:$F$14 = integer (Must make whole donuts)

$C$14:$F$14 >= 12 (Complete Dozen)

$C$30:$C$35<=$D$30:$D$35 (What is used cannot be more than what is available)

5.) Solving Method: Simplex LP