question archive Illustrated Excel 2016 Module 5: SAM Project 1b Old Town Art Gallery ANALYZING DATA USING FORMULAS GETTING STARTED Open the file IL_EX16_5b_ FirstLastName _1
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Illustrated Excel 2016 Module 5: SAM Project 1b
Old Town Art Gallery
ANALYZING DATA USING FORMULAS
GETTING STARTED
Open the file
IL_EX16_5b_
FirstLastName
_1.xlsx
, available for download from
the SAM website.
Save the file as
IL_EX16_5b_
FirstLastName
_2.xlsx
by changing the “1” to a
“2”.
o
If you do not see the
.xlsx
file extension
in the Save As dialog box, do not
type it. The program will add the file extension for you automatically.
With the file
IL_EX16_5b_
FirstLastName
_2.xlsx
still open, ensure that your
first and last name is displayed in cell B6 of the Documentation sheet.
o
If cell B6 does not display your name, delete the file and download a new
copy from the SAM website.
PROJECT STEPS
1.
Richard is the membership director at the Old Town Art Gallery. He asked you to
help him analyze online and gallery ticket office sales of memberships. Richard
also needs you to look at loan options for a renovation of the gallery’s education
wing.
Switch to the
Gallery
worksheet. Assign the name
begin_date
to the range
C5:C13.
2.
In cell E5, enter a formula without using a function to determine the
membership renewal date by adding
365
to the beginning date in cell C5, using
the range name
begin_date
in the formula. Copy the formula in cell E5 into the
range E6:E13.
3.
Delete the range name “membership_number” from the workbook. (
Hint:
Do
not delete the cell contents in this range, only the custom range name.)
4.
Richard asks you to calculate the membership prices for the first quarter
memberships sold in the gallery ticket office. The individual membership price is
$50. Students pay a discounted price of $25.
In cell F5, create a formula using the
IF
function to determine the membership
price based on the following criteria:
a.
If cell
D5
(the Category) is
Student
the price is
25
.
(
Hint:
Student must
appear in quotes. Do not enter $ for the price.)
b.
All other individual members must pay
50
.
Copy the formula in cell F5 into the range F6:F13.
5.
In cell F14, create a formula using the
SUM
function to total the values in the
range
F5:F13
. Format cell F14 using
bold
formatting.
6.
Richard asks you to calculate the number of student memberships sold in the
gallery ticket office.
In cell D17, create a formula using the
COUNTIF
function to count the number
student memberships sold. Use
D5:D13
as the range and
Student
as the
criteria in your formula.
7.
Richard is curious about the average membership price paid on a monthly basis.
You will begin by looking at the average membership paid in January.
In cell D18, create a formula using the
AVERAGEIF
function to find the average
contribution prior to 2/1/2020. Use
C5:C13
as the range,
<2/1/2020
as the
criteria, and
F5:F13
as the average_range in your formula.
8.
Richard asks you to find the total amount paid for student memberships.
In cell D19, use the
SUMIF
function to total the student membership payments.
Use
D5:D13
as the range,
Student
as the criteria and
F5:F13
as the
sum_range in your formula.
9.
Format cells D18 and D19 using the
Currency
number format with
two
decimal
places and the
$
symbol.
10.
Richard would like you to calculate the membership sales for both the gallery
and online.
Switch to the
Summary
worksheet. In cell A5, create a formula using the
SUM
function and
3-D
references to total cell
F14
on the
Gallery
worksheet and cell
F14
on the
Online
worksheet.
11.
Format cell A5 using the
Accounting
number format with
two
decimal places
and the
$
symbol.
12.
Richard would like you to separate the member names from their categories.
Enter the text
Jean Hogg
in cell E5, then enter the text
Bert Marson
in cell E6,
and then select the range E5:E22 and use
Flash Fill
to fill in the range E7:E22.
Enter the text
Individual
in cell F5, then enter the text
Individual
in cell F6,
and then select the range F5:F22 and use
Flash Fill
to fill in the range F7:E22.
[Mac Hint: Flash Fill is not available in Excel 2016 for Mac, so refer to Final Figure
2 to enter the text.]
13.
The gallery is considering a renovation of the Education Wing. Richard asks you
to help with the analysis of the loan options to fund the renovation.
Switch to the
Education
Wing
worksheet, then create a formula using the
PMT
function in cell B8 to determine the monthly payment using the loan information
shown in the range B5:B7. In your formula, divide the rate (cell
B6
) by
12
, use
the term in months (cell
B7
) as the nper, and use a negative value for the pv
(cell
B5
). Copy the formula from cell B8 into the range C8:D8.
14.
In cell B9, enter a formula without using a function to calculate the total
payments by multiplying the monthly payments (cell
B8
) by the term in months
(cell
B7
) for Loan Option 1. Copy the formula from cell B9 into the range C9:D9.
15.
In cell B10, enter a formula without using a function that calculates the total
interest by subtracting the loan amount (cell
B5
) from the total payments (cell
B9
) for Loan Option 1. Copy the formula from cell B10 into the range C10:D10.
Your workbook should look like the Final Figures below. Save your changes, close the
workbook, and then exit Excel. Follow the directions on the SAM website to submit your
completed project.
Final Figure 1: Gallery Worksheet
Final Figure 2: Summary Worksheet
Final Figure 3: Education Wing Worksheet