Grading Rubric – Excel 2010
Tutorial 3
Class:
Professor:
Notes:
Solution Filenames: Drake Family Budget.xlsx
Description
Pts
The file "Drake" is saved as "Drake Family Budget.xlsx" in the
Excel3\Tutorial folder
Documentation sheet
The student's name is entered in cell B3 and the date in cell B4 of the
Documentation sheet
Budget sheet
The range C32:N32 uses the SUM function to calculate the total monthly
expenses
The range D5:E7 calculates the family's monthly income during school
and summer months
The range C19:N20 uses formulas with absolute references to calculate
the monthly income for Diane and Glenn
Cell F9 contains the SUM function calculating the total annual income
from the range C21:N21
Cell F13 contains the SUM function calculating the total annual
expenses from the range C32:N32
The ranges F10:F12 and F13:16 use the AVERAGE, MAX, and MIN
functions to calculate the average, minimum, and maximum monthly
income and expenses
In cell D5, Diane's monthly income for the school months is changed to
3,100
Cell K5 shows a starting balance of 4,000 in the Main savings account, 0
in the Home savings account, and the sum of these values appears in cell
K7
The range C33:N33 contains the formulas to subtract the monthly
expenses from the monthly income to display the net cash flow for each
month, and conditional formatting is used to highlight the months with
negative cash flows with red fill and red text
The range C35:N35 contain the month abbreviations, formatted to match
the month abbreviations in C18:N18
The range C36:N40 details the monthly deposits, withdrawals, and
ending balance of the couple's main savings account, and the range
C41:N43 details the monthly deposits and balances of the home account
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Your
Score
Cell L10 of the Budget worksheet contains 900, the amount to transfer
from the main account to the home account each month
Cell L11 contains the minimum net cash flow amount, 1000
The IF function is used in the formulas in the range C39:N39 in the
Monthly Savings table to determine the monthly transfer amount from
the main account to the home account
The label "Current Date" is merged and centered in cells I1:J1, with the
Tan, Background 2 fill, and a cell border; the TODAY() function is
entered in cell K1, and the result merged and centered in K1:L1 with a
cell border
Home Savings Plan sheet
The text "Savings Deposit per Month" in B3:G3 is merged and centered,
and formatted with the Heading 2 cell style
The text "Months" is entered in cell A4 and formatted in bold
Ranges A5:A7 and B4:G4 are formatted with the Input cell style
The formulas in the range B5:G7 use mixed references to calculate the
savings amounts for 12, 24, and 36 months, and the resulting values are
formatted with a thousands separator with no decimals, and cells with
cell borders
Loan Analysis sheet
The range B3:B8 contains the values for calculating the monthly loan
payment
The PMT function is entered in cell B10 to calculate the monthly loan
payment
The loan amount of $175,000 is entered in cell B8
TOTAL POSSIBLE POINTS:
YOUR SCORE: __________
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60
0