PRACTICE EXERCISES Blue Skies Airlines FIGURE 2.40 Blue Skies Airlines > You are an analyst for Blue Skies Airlines, a regional airline headquartered in Kansas City. Blue Skies has up to 10 departures a day from the Kansas City Airport. Your assistant developed a template for you to store daily flight data about the number of passengers per flight. Each regional aircraft can hold up to 70 passengers. You need to calculate the occupancy rate, which is the percent of each flight that is occupied. In addition, you need daily statistics, such as total number of passengers, averages, least full flights, and so forth, so that decisions can be made for future flight departures out of Kansas City. You also want to calculate weekly statistics per flight number. This exercise follows the same set of skills as used in Hands-On Exercises 1 and 2 in the chapter. Refer to Figure 2.40 as you complete this exercise. A S C D E r G H i j < L M N O : P dH i Blue Skies Airlines 2 Aircraft Capacity: 70 -ti&IHBMB Daily Flight Information |!Si i Flight Info 5 Flights Destination 6 4520 DEN 7 3240 TUL 8 425 DFW 9 345 ORD 10 3340 TUL 11; 418 SLC 12 4526 DFW 13 300 ORD 14 322 DEN 15 349 ORD Sunday » Pass %Fiili 60 85.7% 35 50.0% 50 71.4% 69 98.6% 45 64.3 '= 65 92-94 68 97.1-t 70 100.0% 70 100.0% 70 100.0% Monday » Pass %Full 65 92.9% 57 81.494 70 100.0% 70 100.0% 61 87.1% 67 95.794 70 100.0% 70 100.0% 60 85.7% 64 91.4% Tuesday g Pass %Full 55 78.6% 48 6S.6% 61 87.1% 64 91,4% 58 82.9% 58 82.9% 48 68.6% 67 95.7% Wednesday « Pass 94 Full 65 92.9% 60 35.7% 66 94.3% 66 94.3% 45 64.3% 66 943% 61 87.1% Thursday SPass %Full 62 88.6% 68 97.1% 70 100.0% 48 68.6% 55 78.6% 63 90.0% 70 100.0% 65 92.9% 66 94.3% Friday n Pass %Fii<l 50 7L4C: 55 78.6% 68 97.1% 66 94.3% 69 98.6% 70 100.0% 59 S4. 3C-S 68 97.1% 70 100.0% Saturday * Past % Full 55 78.6% 67 95.7% 66 94.3% 68 97.1% 69 98.6% 55 78.6% 16 '^TTPPnESPW Daily Statistics ^H 18 Tcrtai * of Passengers 19 Averages 20 Medians 21 Least Full FligMs 22 Mos1 Full Flights 23 tt of Flights per Day 602 60.2 86% 66.5 95% 35 50% 70 100% 10 654 65.4 93% 66 94% 57 81% 70 100% 10 459 57.375 82% 58 83% 48 69% 67 96% 8 429 61.2857 88% 65 93% 45 64% 66 94% 7 567 63 90% 65 93% 48 69% 70 100% 3 575 63.8889 91% 68 97% 50 71% 70 100% 9 380 63.3333 90% 66.5 95% 55 79% 69 99% 6 24 25 '< < > n Stats j < > a. Open e02plflights and save it as e02plflights_LastnameFirstname. b. Click cell D6, the cell to display the occupancy percent for Flight 4520 on Sunday, and do the following: • Type = and click cell C6. Type / and click cell C2. • Press F4 to make cell C2 absolute. • Click Enter to the left of the Formula Bar. The completed formula is =C6/$C$2. The occupancy rate of Flight 4520 is 85.7%. • Double-click the cell D6 fill handle to copy the formula down the column. c. Click cell D7 and notice that the bottom border disappears from cell D15. When you copy a for- mula, Excel also copies the original cell's format. The cell containing the original formula did not have a bottom border, so when you copied the formula down the column, Excel formatted it to match the original cell with no border. To reapply the border, click cell D15, click the Border arrow in the Font group on the Home tab, and then select Bottom Border. d. Select the range D6:D15, copy it to the Clipboard, and paste it starting in cell F6. Notice the for- mula in cell F6 changes to = E6/$C$2. The first cell reference changes from C6 to E6, maintaining its relative location from the pasted formula. $C$2 remains absolute so that the number of pas- sengers per flight is always divided by the value stored in cell C2. The copied range is still in the Clipboard. Paste the formula into the remaining % Full columns (columns H, }, L, N, and P). Press Esc to turn off the marquee around the original copied range. e. Clean up the data by deleting 0.0% in cells, such as H7. The 0.0% is misleading as it implies the flight was empty; however, some flights do not operate on all days. Check your worksheet against the Daily Flight Information section in Figure 2.40. CHAPTER 2 • Formulas and Functions
6
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PRACTICE EXERCISES
Blue Skies Airlines
FIGURE 2.40 Blue SkiesAirlines >
You are an analyst for Blue Skies Airlines, a regional airline headquartered in Kansas City. Blue Skieshas up to 10 departures a day from the Kansas City Airport. Your assistant developed a template foryou to store daily flight data about the number of passengers per flight. Each regional aircraft canhold up to 70 passengers. You need to calculate the occupancy rate, which is the percent of each flightthat is occupied. In addition, you need daily statistics, such as total number of passengers, averages,least full flights, and so forth, so that decisions can be made for future flight departures out of KansasCity. You also want to calculate weekly statistics per flight number. This exercise follows the same setof skills as used in Hands-On Exercises 1 and 2 in the chapter. Refer to Figure 2.40 as you completethis exercise.
A S C D E r G H i j < L M N O : P dH
i Blue Skies Airlines2 Aircraft Capacity: 70
-ti&IHBMB Daily Flight Information |!Sii Flight Info
5 Flights Destination
6 4520 DEN
7 3240 TUL
8 425 DFW
9 345 ORD
10 3340 TUL
11; 418 SLC
12 4526 DFW
13 300 ORD
14 322 DEN
15 349 ORD
Sunday
» Pass %Fiili
60 85.7%
35 50.0%
50 71.4%
69 98.6%
45 64.3 '=
65 92-94
68 97.1-t
70 100.0%
70 100.0%
70 100.0%
Monday
» Pass % Full
65 92.9%
57 81.494
70 100.0%
70 100.0%
61 87.1%
67 95.794
70 100.0%
70 100.0%
60 85.7%
64 91.4%
Tuesday
g Pass % Full
55 78.6%
48 6S.6%
61 87.1%
64 91,4%
58 82.9%
58 82.9%
48 68.6%
67 95.7%
Wednesday
« Pass 94 Full
65 92.9%
60 35.7%
66 94.3%
66 94.3%
45 64.3%
66 943%
61 87.1%
Thursday
SPass %Full
62 88.6%
68 97.1%
70 100.0%
48 68.6%
55 78.6%
63 90.0%
70 100.0%
65 92.9%
66 94.3%
Friday
n Pass %Fii<l
50 7L4C:
55 78.6%
68 97.1%
66 94.3%
69 98.6%
70 100.0%
59 S4. 3C-S
68 97.1%
70 100.0%
Saturday
* Past % Full
55 78.6%
67 95.7%
66 94.3%
68 97.1%
69 98.6%
55 78.6%
16
'̂ TTPPnESPW Daily Statistics ^H18 Tcrtai * of Passengers
19 Averages
20 Medians
21 Least Full FligMs
22 Mos1 Full Flights
23 tt of Flights per Day
602
60.2 86%
66.5 95%
35 50%
70 100%
10
654
65.4 93%
66 94%
57 81%
70 100%
10
459
57.375 82%
58 83%
48 69%
67 96%
8
429
61.2857 88%
65 93%
45 64%
66 94%
7
567
63 90%
65 93%
48 69%
70 100%
3
575
63.8889 91%
68 97%
50 71%
70 100%
9
380
63.3333 90%
66.5 95%
55 79%
69 99%
6
24
25
'< < > n Stats j < >
a. Open e02plflights and save it as e02plflights_LastnameFirstname.
b. Click cell D6, the cell to display the occupancy percent for Flight 4520 on Sunday, and do thefollowing:
• Type = and click cell C6. Type / and click cell C2.• Press F4 to make cell C2 absolute.• Click Enter to the left of the Formula Bar. The completed formula is =C6/$C$2. The
occupancy rate of Flight 4520 is 85.7%.• Double-click the cell D6 fill handle to copy the formula down the column.
c. Click cell D7 and notice that the bottom border disappears from cell D15. When you copy a for-mula, Excel also copies the original cell's format. The cell containing the original formula did nothave a bottom border, so when you copied the formula down the column, Excel formatted it tomatch the original cell with no border. To reapply the border, click cell D15, click the Borderarrow in the Font group on the Home tab, and then select Bottom Border.
d. Select the range D6:D15, copy it to the Clipboard, and paste it starting in cell F6. Notice the for-mula in cell F6 changes to = E6/$C$2. The first cell reference changes from C6 to E6, maintainingits relative location from the pasted formula. $C$2 remains absolute so that the number of pas-sengers per flight is always divided by the value stored in cell C2. The copied range is still in theClipboard. Paste the formula into the remaining % Full columns (columns H,} , L, N, and P). PressEsc to turn off the marquee around the original copied range.
e. Clean up the data by deleting 0.0% in cells, such as H7. The 0.0% is misleading as it implies theflight was empty; however, some flights do not operate on all days. Check your worksheet againstthe Daily Flight Information section in Figure 2.40.
CHAPTER 2 • Formulas and Functions
f. Calculate the total number of passengers per day by doing the following:• Click cell CIS.• Click AutoSum in the Editing group.• Select the range C6:C15, and then press Enter.
g. Calculate the average number of passengers per day by doing the following:• Click cell C19.• Click the AutoSum arrow in the Editing group, and then select Average.• Select the range C6:C15, and then click Enter to the left of the Formula Bar.
h. Calculate the median number of passengers per day by doing the following:• Click cell C20.• Click Insert Function to the left of the Formula Bar, type median in the Search for a
function box, and then click Go.• Click MEDIAN in the Select a function box, and then click OK.• Select the range C6:C15 to enter it in the Numberl box, and then click OK.
i. Calculate the least number of passengers on a daily flight by doing the following:• Click cell C21.• Click the AutoSum arrow in the Editing group, and then select Min.• Select the range C6:C15, and then press Enter.
j. Calculate the most passengers on a daily flight by doing the following:• Click cell C22.• Click the AutoSum arrow in the Editing group, and then select Max.• Select the range C6:C15, and then press Enter.
k. Calculate the number of flights for Sunday by doing the following:• Click cell C23.• Click the AutoSum arrow in the Editing group, and then select Count Numbers.• Select the range C6:C15, and then press Enter.
/—1. Calculate the average, median, least, and full percentages in cells D19:D22. Format the values with
Percent Style with zero decimal places. Do not copy the formulas from column C to column D,as that will change the borders. You won't insert a SUM function in cell D18 because it does notmake sense to total the occupancy rate percentage column. Select cells C18:D23, copy the range,and then paste in these cells: E18, G18,118, K18, M18, and O18. Press Esc after pasting.
m. Create a footer with your name on the left side, the date code in the center, and the file name codeon the right side.
n. Save and close the workbook, and submit based on your instructor's directions.
Central Nevada College Salaries
You work in the Human Resources Department at Central Nevada College. You are preparing aspreadsheet model to calculate bonuses based on performance ratings, where ratings between 1 and1.9 do not receive bonuses, ratings between 2 and 2.9 earn $100 bonuses, ratings between 3 and 3.9earn $250 bonuses, ratings between 4 and 4.9 earn $500 bonuses, and ratings of 5 or higher earn$1,000 bonuses. In addition, you need to calculate annual raises based on years employed. Employeeswho have worked five or more years earn a 3.25% raise; employees who have not worked at least fiveyears earn a 2% raise. The partially completed worksheet does not yet contain range names. This ex-ercise follows the same set of skills as used in Hands-On Exercises 1, 2, 3, and 4 in the chapter. Referto Figure 2.41 as you complete this exercise.
Practice Exercises • Excel 2O1O
FIGURE 2.41 Central NevadaCollege Salaries >
A
1
B C U
Central NevadaE F G H 1 J
College
3 Inputs and Constants
4 Today:5 Vears Threshold:6 High Year Rate:7 Low Year Rate:8 1
V] "~~_ .. ;
10 Date Hired11 4/1/200032 7/15/200813 10/31/200414 9/8/1999if. 3/14/20Q716 6/18/2006
a. Open e02p2salary and save it as e02p2salary_LastnameFirstname.
b. Click cell B4, click the Formulas tab, click Date & Time in the Function Library, select TODAY,and then click OK to enter today's date in the cell.
c. Enter a formula to calculate the number of years employed by doing the following:• Click cellCll.• Click Date & Time in the Function Library group, scroll through the list, and then select
YEARFRAC.• Click cell Al 1 to enter the cell reference in the Start_date box.• Press Tab, and then click cell B4 to enter the cell reference in the End_date box.• Ask yourself if the cell references should be relative or absolute. You should answer relative
for cell Al 1 so that it will change as you copy it for the other employees. You should answerabsolute or mixed for cell B4 so that it always refers to the cell containing the TODAYfunction as you copy the formula.
• Press F4 to make cell B4 absolute, and then click OK. (Although you could have usedthe formula =($B$4-All)/365 to calculate the number of years, the YEARFRAC functionprovides better accuracy since it accounts for leap years and the divisor 365 does not. Thecompleted function is =YEARFRAC(A11,$B$4).
• Double-click the cell Cl 1 fill handle to copy the YEARFRAC function down the YearsEmployed column. Your results will differ based on the date contained in cell B4.
d. Enter the breakpoint and bonus data for the lookup table by doing the following:• Click cell A21, type 1, and then press Ctrl+Enter.• Click the Home tab, click Fill in the Editing group, and then select Series. Click Columns in
the Series in section, leave the Step value at 1, type 5 in the Stop value box, and then click OK.• Click cell B21. Enter 0, 100, 250, 500, and 1000 down the column. The cells have been
previously formatted with Accounting Number Format with zero decimal places.• Select range A21:B25, click in the Name Box, type Bonus, and then press Enter to name
the range.
e. Enter the bonus based on rating by doing the following:• Click cell Ell, and then click the Formulas tab.• Click Lookup & Reference in the Function Library group, and then select VLOOKUP.• Click cell Dl 1 to enter the cell reference in the Lookup_value box.• Press Tab, and then type Bonus to enter the range name for the lookup table in the Table_
array box.• Press Tab, type 2 to represent the second column in the lookup table, and then click OK. The
completed function is =VLOOKUP(Dll,Bonus,2).• Double-click the cell El 1 fill handle to copy the formula down the Rating Bonus column.
CHAPTER 2 • Formulas and Functions
Enter the raise based on years employed by doing the following:• Click cell Fll.• Click Logical in the Function Library group, and then select IF.• Click cell Cl 1, type >= and then click cell B5. Press F4 to enter Cl 1>=$B$5 to compare the
years employed to the absolute reference of the five-year threshold in the Logical_test box.• Press Tab, click cell Bll, type * and then click cell B6. Press F4 to enter Bl 1*$B$6 to
calculate a 3.25% raise for employees who worked five years or more in the Value_if_truebox.
• Press Tab, click cell Bll, type * and then click cell B7. Press F4 to enter Bl 1*$B$7 tocalculate a 2% raise for employees who worked less than five years in the Value_if_false box.Click OK. The completed function is =IF(C11>=$B$5,B11*$B$6,B11*$B$7).
• Double-click the cell Fll fill handle to copy the formula down the Raise column.
Click cell Gil. Type =B11+E11+F11 to add the current salary, the bonus, and the raise to calcu-late the new salary. Press Ctrl+Enter to keep cell Gl 1 the active cell, and then double-click the cellGil fill handle to copy the formula down the column.
Create a footer with your name on the left side, the date code in the center, and the file name codeon the right side.
Save and close the workbook, and submit based on your instructor's directions.
New Car Loan
FROMSCRATCHa After obtaining a promotion at work, you are ready to upgrade to a luxury car, such as a Lexus or
Infinity. Before finalizing the purchase with the dealer, you want to create a worksheet to estimate themonthly payment based on the purchase price (including accessories, taxes, and license plate), APR,down payment, and years. You will assign range names and use range names in the formulas to makethem easier to analyze. This exercise follows the same set of skills as used in Hands-On Exercises 1-4in the chapter. Refer to Figure 2.42 as you complete this exercise.
FIGURE 2.42 Luxury CarLoan >
\4
5
6
7
S
9
10
A
Car Loan
Inputs
Cost of Car* $ 45,000.00
Down Payment $ 10,000.00
APR 3.99%
Years 5
Payments Per Year 12
•includes taxes, etc.
11 Outputs
12 Loan S 35,000.00
13 Monthly Payment $ 644.42
14 Total to Repay Loan S 38,665.22
15 Total interest Paid S 3,665.22
16
17
IS
19
20
21
22
23i< < » M Car Formulas Names tJ
-
3456
i 7| 8
9
! 10
A B
Car Loan
Inputs
Cost of Car* 45000
Down Payment 10000
APR 0.0399
Years 5
Payments Per Year 12
•includes taxes, etc.
i 11 Outputs
12 Loan =Cost-Down
13 Monthly Payment =PMT(APR/Months,Years*Months,-Loan) 1 i
14 Total to Repay Loan =Years*Months*Payment
i 15 Total interest Paid =Repaid-Loan \
i 16
1I 22
23> w Car Formulas Names * \i > ii
w
A B (
1 Range Name Location
2 APR =Car!$B$6
3 Cost =Carl$B$4
j 4 Down =Car!$BS5
5 Interest =Car!$B$15
6 Loan =Car!$B$12
7 Months =Carl$B$8
8 Payment =Car!$B$13
i 9 Repaid =Car!$B$14
1 10 Years =Carl$B$7
I—-13
M!
15;
17J
J*j"51_MJ
21
22
23
i M < t M Car iV; .. j. Hailies
a. Start a new Excel workbook, save it as e02p3carloan_LastnameFirstname, rename Sheet 1 as Car,and then delete Sheet2 and Sheets.
b. Enter and format the title of the worksheet by doing the following:• Type Car Loan in cell Al, and then press Ctrl+Enter.• Select the range A1:B1, and then click Merge & Center in the Alignment group.• Apply bold, 18 pt font size, and Olive Green, Accent 3, Darker 25% font color.
c. Click cell A3, and then type the labels for both the Inputs and the Outputs in column A as shownin the left screen of Figure 2.42. Double-click between column heading A and B to widen column A.Widen column B as needed.
d. Enter and format the Input values in column B by doing the following:• Click cell B4, type 45000, and then press Enter.• Type 10000 in cell B5, and then press Enter.
Practice Exercises • Excel 201O
DISCOVER
DISCOVER
• Type 0.0399 in cell B6, and then press Enter.• Type 5 in cell B7, and then press Enter.• Type 12 in cell B8, and then press Enter.• Select the range B4:B5, and then click Accounting Number Format in the Number group.• Click cell B6, click Percent Style in the Number group, and then click Increase Decimal
twice.• Select the range B7:B8, click Comma Style in the Number group, and then click Decrease
Decimal twice.
e. Name the input values by doing the following:• Select the range A4:B8.• Click the Formulas tab, and then click Create from Selection in the Defined Names group.• Make sure Left column is selected, and then click OK.• Click each input value cell in the range B4:B8 and look at the newly created names in the
Name Box.
f. Edit the range names by doing the following:• Click Name Manager in the Defined Names group.• Click Cost_of_Car, click Edit, type Cost, and then click OK.• Change Down_Payment to Down.• Change Payments_Per__Year to Months.• Click Close to close the Name Manager.
g. Name the output values in the range A12:B15 using the Create from Selection method you usedin step e to assign names to the empty cells in the range B12:B15. However, you will use the rangenames as you build formulas in the next few steps. Edit the range names using the same approachyou used in step f.
• Change Monthly ̂ Payment to Payment.• Change Total_Interest__Paid to Interest.• Change Total_to_Repay_Loan to Repaid.• Click Close to close the Name Manager.
h. Enter the formula to calculate the amount of the loan by doing the following:• Click cell B12. Type =Cos and then double-click Cost from the Function AutoComplete list.
If the list does not appear, type the entire name Cost.• Press - and then type do, and then double-click Down from the Function AutoComplete list.• Press Enter to enter the formula =Cost-Down.
i. Calculate the monthly payment of principal and interest by doing the following:• Click the Formulas tab. Click cell B13. Click Financial in the Function Library group, scroll
down, and then select PMT.• Type APR/Months in the Rate box.• Press Tab, and then type Years*Months in the Nper box.• Press Tab, type -Loan in the Pv box, and then click OK. The completed function is
=PMT(APR/Months,Years*Months,-Loan).
j. Enter the total amount to repay loan formula by doing the following:• Click cell B14. Type = to start the formula.• Click Use in Formula in the Defined Names group, and then select Years.• Type *, click Use in Formula in the Defined Names group, and then select Months.• Type *, click Use in Formula in the Defined Names group, and then select Payment.• Press Enter. The completed formula is =Years*Months*Payment.
k. Use the skills from step j to enter the formula =Repaid-Loan in cell B15.1. Select the range B12:B15, click the Home tab, and then click Accounting Number Format in the
Number group,
m. Apply Olive Green, Accent 3, Lighter 60% fill color and bold to the ranges A3:B3 and Al 1:B11.Apply the Outside Borders style to the ranges A3:B8 and A11:B15 as shown in Figure 2.42.
n. Select the option to center the worksheet data between the left and right margins in the Page Setupdialog box.
o. Create a footer with your name on the left side, the sheet name code in the center, and the filename code on the right side.
CH
™
CHAPTER 2 • Formulas and Functions
p. Right-click the Car sheet tab, select Move or Copy from the menu, click (move to end) in theBefore sheet section, click the Create a copy check box, and then click OK. Rename the Car (2)sheet as Formulas.
q. Make sure the Formulas sheet is active. Click the Formulas tab, and then click Show Formulas inthe Formula Auditing group. Widen column B to display entire formulas.
r. Click the Page Layout tab, and then click the Gridlines Print check box and the Headings Printcheck box in the Sheet Options group to select these two options.
s. Insert a new sheet, name it Names, type Range Name in cell Al, and then type Location in cellBl. Apply bold to these column labels. Click cell A2, click the Formulas tab, click Use in For-mula, select Paste Names, and then click Paste List to paste an alphabetical list of range namesin the worksheet. Adjust the column widths. Apply the same Page Setup settings and footer to theFormulas and Cars worksheets.
t. Save and close the workbook, and submit based on your instructor's directions.