Question

In: Operations Management

Series Legend Input Area Net Sales CE OR TB Royalty Rate: 7.3% Average Certification Series Office...

Series Legend Input Area Net Sales CE OR TB
Royalty Rate: 7.3% Average Certification Series Office Reference True Beginner
Return Rate: 10.0% Highest
Bonus Amount: $500.00 Lowest
Author Series Code Software Quantity Sold No. Books Returned Percent Returned Unit Price Net Sales Author Royalties Bonus Author Earnings
Lopez OR Word 2016 8,584 500 $49.95 500
Krupin TB Word 2016 1,847 271 $25.00 500
Cote CE Word 2016 2,684 400 $39.95 500
Yeung OR Excel 2016 11,841 1,042 $49.95 500
Tremblay TB Excel 2016 9,475 957 $30.00 500
Torres CE Excel 2016 8,443 327 $39.95 500
Martin OR Access 2016 8,064 834 $49.95 500
Alfero TB Access 2016 3,397 331 $30.00 500
Daniels CE Access 2016 3,978 415 $34.49 500
Ortiz OR PowerPoint 2016 1,279 120 $49.95 500
Wong TB PowerPoint 2016 1,050 184 $25.00 500
Kumar CE PowerPoint 2016 2,507 187 $34.49 500
Bartalotti TB Outlook 2016 1,884 175 $25.00 500
Wallace OR Windows 10 14,750 1,839 $49.95 500
Toulou TB Windows 10 8,342 803 $25.00 500
Coleman CE Windows 10 6,124 741 $34.49 500

1

Start Excel. Download and open the file named exploring_ecap_grader_h1.xlsx.

2

On the Data worksheet, select the range A6:K6, wrap the text, and apply Center alignment. Change the row height to 30 for row 6.

3

In cell F7 in the Data worksheet, insert a formula that calculates the percentage of books returned based on the number of books returned and the quantity sold. Copy the formula from cell F7 to the range F8:F22.

4

In cell H7 in the Data worksheet, insert a formula that calculates the net sales. This monetary amount reflects the number of books not returned and the unit price. Copy the formula from cell H7 to the range H8:H22.

5

In cell I7 in the Data worksheet, insert a formula that calculates the amount of the first author’s royalties. An author’s royalties are based on the Royalty Rate located in the Input Area and the respective Net Sales. Copy the formula from cell I7 to the range I8:I22.

6

In cell K7 in the Data worksheet, insert a formula that adds the first author’s royalty amount to the bonus. Copy the formula from cell K7 to the range K8:K22.

7

In cell J2 in the Data worksheet, insert a function to calculate the average net sales. In cell J3 insert a function to calculate the highest net sales. In cell J4 insert a function to calculate the lowest net sales.

8

Select the range L1:N2 in the Data worksheet, copy the selected data, and transpose the data when pasting it to cell A2. Delete the data in the range L1:N2.

9

Click cell C6 in the Data worksheet and insert a column. Type Series Name in cell C6. Click cell C7 in the Data worksheet and insert a lookup function that identifies the series code, compares it to the series legend, and then returns the name of the series. Copy the function you entered from cell C7 to the range C8:C22. Change the width of column C to 18.

10

Click cell K7 in the Data worksheet and replace the current contents with an IF function that compares the percent returned for the first book to the return rate in the Input Area. If the percent returned is less than the return rate, the result is $500. Otherwise, the author receives no bonus. The only value you may type directly in the function is 0 where needed. Copy the function you entered from cell K7 to the range K8:K22.

11

Select the range G7:G22 in the Data worksheet and apply the Percent Style format with one decimal place. Select the range K7:K22 and apply the Accounting Number Format. Merge and center the label Series Legend in the range A1:C1 in the Data worksheet. Apply Thick Outside Borders to the range A1:C4.

Note, the border type may be Thick Box Border, depending on the version of Office used.

12

Select Landscape orientation, adjust the scaling so that the data fits on one page, and set 0.1 left and right margins for the Data worksheet.

Solutions

Expert Solution

Please find the screenshots. I am also mentioning the formulaes at the bottom.

Formulaes:

Percentage of books returned - (E7/D7)*100

Net Sales : (D7-E7)*G7

Author Royalty: $G$2*H7

Author Earnings: I7+J7

Simpl drag these formulae to apply in each row.


Related Solutions

Series Legend Input Area Net Sales CE OR TB Royalty Rate: 7.3% Average Certification Series Office...
Series Legend Input Area Net Sales CE OR TB Royalty Rate: 7.3% Average Certification Series Office Reference True Beginner Return Rate: 10.0% Highest Bonus Amount: $ 500.00 Lowest Author Series Code Software Quantity Sold No. Books Returned Percent Returned Unit Price Net Sales Author Royalties Bonus Author Earnings Lopez OR Word 2016           8,584            500 $    49.95 500 Krupin TB Word 2016           1,847            271 $    25.00 500 Cote CE Word 2016           2,684            400 $    39.95...
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