1. comp 4
For this discussion, you will need to address all of the questions below and be sure to
participate fully by responding to your classmates as well. Citations should be used to
support your analysis and references should be included in APA format. Be sure to review
the Discussion Question Guidelines before you begin! This week, you will be creating two
Excel spreadsheets in one Excel workbook (file). Save the file as W4DQ_YourLastName
(Excel will add the default of .xlsx to this name) and then Save often so you don’t lose any
work! Name each worksheet descriptively. Sheet 1 (which you will rename). Create
an itemized list of at least ten (10) items that you will need for your graduation party. Lay
out your Excel spreadsheet following the example below. Make your columns as wide as you
need to show all the information for that column by double clicking on the line between the
columns or dragging the line between the columns. Cell B2 had the Wrap Text on the Home
ribbon in the Alignment group turned on due to the length of the description. Only include
numbers in the Cost per Unit, Quantity, and Cost columns so your calculations will work.
When you have entered your data, Sort your information by Item. Share any questions
about this or anything else in the Discussion Area. Sheet 2 (which you will rename). MS
Excel is a great help with calculations which are completed using formulas. Remember, by
typing an equal sign (=) into a cell, you are preparing Microsoft Excel to do a formula
calculation. Refresh your memory on the use of formulas from this week’s assigned reading
and the online lectures. For Sheet 2, think of a situation at home, work, or even a hobby or
sport for which you could use a calculation and create a formula to solve a problem.
Open a spreadsheet in MS Excel and create your formula. Make sure you label components
of your spreadsheet. In the Discussion Area when you attach your file, describe the
purpose of your formula and how it will help solve the problem it was designed to address.
Share any challenges you had as well as tips for others. Delete the unused worksheets by
right clicking on them one at a time and choosing Delete. In your discussion with your
classmates, remember to respond substantively to two other students and to the instructor.
For this assignment, you can respectfully share comments about layout, formatting, column
widths, how to create any other formulas and what you might use them for, as well as other
possible uses for Microsoft Excel. Include any helpful comments and let them know how you
might benefit from the formulas they have created. Week 4 ProjectAssignment
Overdue – Last Wed at 11:59 PMCreating a Budget In this assignment you will create a
spreadsheet and a chart to help a hypothetical couple work out their budget. You will
submit a Microsoft Excel spreadsheet following the directions below to the appropriate
2. submission folder by the due date. You will name this file W4P_LastName.xlsx. Please
Note:Information to help you with this project is available in the Week 4 online lectures,
your textbook, as well as Microsoft Excel Help (F1). Your professor is also a great resource.
If you work ahead, you can post questions about this assignment in the Questions for the
Professor area in Course Resources and still submit your assignment on time. Scenario Tom
and Sally were trying to get a handle on their budget. They heard that MS Excel could help
them with that. Tom is going to school and has cut back on his hours. Sally has finished her
associate’s degree and is working full time. They want to look at the last three months of
their income and expenses to see where they can make changes. Part I – The Spreadsheet
First, in an Excel Spreadsheet, create a budget to show Tom and Sally’s income, expenses,
and money leftover each month (Net). Create formulas in your spreadsheet for your
calculations using the following data: Tom brought home $1,000 a month for January,
February, and March. Sally brought home $1,900, $2,000, and $1,975 respectively for
those three months. They paid $1,000 for rent and utilities each month. They paid $88
for insurance each month. They paid $60 for cell phones and $60 for Internet/TV each
month. They spent $600, $750 (due to a big birthday bash), and $500 on food
respectively. Their car payment and gas came to $225, $250, and $300 respectively.
Entertainment and gifts were $75, $100, and $45 respectively. They paid a little extra on
their credit card $150, $125, and $100 respectively. They allocated $200 each month for
personal grooming and health care. They put $100 each month into savings.
Miscellaneous Expenses came to $200, $100, and $400 respectively. A sample budget
layout is included below as an example of one way to lay out a budget. Part II – The Chart
Once you have worked out the budget spreadsheet, use the tabs at the bottom of the page to
open another sheet. Here you will create a chart similar to the example below using the
tools you learned about in the lectures and the textbook. On the new sheet: Create
a column chart to visually represent their monthly expenses. If you have a challenge getting
the chart on this sheet, research how to move your chart using your reading or Help (F1).
You might also try right clicking on the chart. Add a descriptive title to the chart. Part III
– Changing Values Copy everything from Sheet 1 (the budget calculations) and paste it
into a new worksheet. Change values for Sally’s March income to $200 more. Let’s say
that they didn’t use as much heat in March and their utilities were $75 less (you could use a
formula to figure out $75 less but you don’t have to). See how the totals change
automatically if you used formulas correctly. If the values did not change, check your
formulas and try them again. Seek help if you can’t figure this out. Rename each of your
three spreadsheets with descriptive names. By the assigned due date, submit this budget
to the appropriate submission folder. In the message box, share how the process of creating
this went for you, including any challenges, successes, or insights.