Han_Exp19_Excel_Ch03_Cap_Gym

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Business Finance

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StepInstructionsPoint Value
1Start Excel. Download and open the file named Exp19_Excel_Ch03_Cap_Gym.xlsx. Grader has automatically added your last name to the beginning of the filename.

0
2You will create a pie chart to focus on the expenses for the current year.

Insert a 2-D pie chart using the ranges A11:A19 and D11:D19 on the Income worksheet.

5
3Move the chart to a new chart sheet named Expenses. Move it to the right of the Membership sheet.
3
4The chart needs a descriptive, easy-to-read title.

Change the chart title to Expenses for Year 3 and change the font size to 20.
5
5You want to create a clustered bar chart.

Insert a clustered bar chart using the ranges A4:D4 and A11:D19 on the Income worksheet.
5
6You want to place this chart and other charts on a Summary worksheet to look at trends.

Move the chart as an object on the Summary worksheet. Cut the bar chart and paste it in cell I1.
3
7The chart should have a descriptive title to explain which expenses are excluded.

Change the bar chart title to Expenses (Without Payroll and Cost of Sales).
3
8You want to filter out the Payroll and Cost of Sales to focus on other expenses. The bar chart displays expenses the first expense (Advertising) at the bottom of the category axis. You want to reverse the categories to display in the same sequence as the expenses are listed in the worksheet.

Apply a chart filter to remove Payroll and Cost of Sales. Select the category axis and use the Format Axis task pane to display categories in reverse order. Change the Maximum Bound to 25000.
8
9You decide to format the pie chart with data labels and remove the legend because there are too many categories for the legend to be effective.

Display the Expenses sheet and remove the legend. Add Percent and Category Name data labels and choose Outside End position for the labels. Change the data labels font size to 10.
8
10You want to emphasize the Education & Training slice by exploding it.

Explode the Education & Training slice by 12%.

2
11Add the Light Gradient – Accent 2 fill color to the chart area.
2
12You create another chart showing the Balance sheet items. You change the chart to a clustered column and switch the row and column data to focus on each balance sheet item.

Insert a stacked column chart using the ranges A4:D4, A10:D10, A15:D15, and A16:D16 on the Balance sheet.
Change the chart type to Clustered Column and switch the rows and columns in the chart.
10
13You want to move the column chart to be on the Summary worksheet along with the bar chart.

Move the column chart to the Summary worksheet. Cut the chart and paste it in cell A1.
5
14The column chart needs to have a descriptive title to indicate the data comes from the Balance
sheet.

Change the title to 3-Year Balance Sheet.
2
15The last chart will be a line chart to show the trends in Memberships.

Insert a line chart using the range I3:L15 on the Membership worksheet.
5
16You want to move the line chart to be on the same Summary sheet as column and bar charts.

Move the line chart to the Summary worksheet. Cut the chart and paste it in cell A17.
4
17Because the lowest value is between 200 and 300, you will change the vertical axis at 200 instead of 0.

Adjust the vertical axis so the Minimum Bound is 200 and display a vertical axis title # of Memberships for the line chart.
5
18Apply Chart Style 4 and change colors to Monochromatic Palette 8 for the line chart.
4
19Move the legend to the top of the chart and add the chart title 3-Year Membership Trends.
4
20
0
21
0
22
0
23
0
24You want to add sparklines to the Daily Attendance Trends. You add high points to emphasize which time of day is the most popular for your membership.

Select range B16:F16 on the Membership worksheet. Insert Column Sparklines using data from the range B6:F14. Display the high points for the sparklines.
7
25Insert a footer with Exploring Series on the left, the sheet name code in the center, and the file name code on the right on the Membership, Expenses, and Summary sheets individually. Change to Normal view.
2
26Save and close Exp19_Excel_Ch03_Cap_Gym.xlsx. Exit Excel. Submit the file as directed.
0

Unformatted Attachment Preview

Grader - Instructions Excel 2019 Project Exp19_Excel_Ch03_Cap_Gym Project Description: You and a business partner opened a fitness gym three years ago. Your partner oversees managing the operations of the gym, ensuring the right equipment is on hand, maintenance is conducted, and the appropriate classes are being offered with the right trainers and staff. You oversee managing the business aspects, such as marketing, finance, and general personnel issues. The business is nearing the end of its third year. You have put together the financials, and now you want to show the data more visually because you know it will make more sense to your business partner that way. You want to create charts and insert sparklines that show the trends to discuss with your partner. Steps to Perform: Step Points Possible Instructions 1 Start Excel. Download and open the file named Exp19_Excel_Ch03_Cap_Gym.xlsx. Grader has automatically added your last name to the beginning of the filename. 0 2 You will create a pie chart to focus on the expenses for the current year. 5 Insert a 2-D pie chart using the ranges A11:A19 and D11:D19 on the Income worksheet. 3 Move the chart to a new chart sheet named Expenses. Move it to the right of the Membership sheet. 3 4 The chart needs a descriptive, easy-to-read title. 5 Change the chart title to Expenses for Year 3 and change the font size to 20. 5 You want to create a clustered bar chart. 5 Insert a clustered bar chart using the ranges A4:D4 and A11:D19 on the Income worksheet. 6 You want to place this chart and other charts on a Summary worksheet to look at trends. 3 Move the chart as an object on the Summary worksheet. Cut the bar chart and paste it in cell I1. 7 The chart should have a descriptive title to explain which expenses are excluded. 3 Change the bar chart title to Expenses (Without Payroll and Cost of Sales). 8 You want to filter out the Payroll and Cost of Sales to focus on other expenses. The bar chart displays expenses the first expense (Advertising) at the bottom of the category axis. You want to reverse the categories to display in the same sequence as the expenses are listed in the worksheet. 8 Apply a chart filter to remove Payroll and Cost of Sales. Select the category axis and use the Format Axis task pane to display categories in reverse order. Change the Maximum Bound to 25000. 9 You decide to format the pie chart with data labels and remove the legend because there are too many categories for the legend to be effective. 8 Display the Expenses sheet and remove the legend. Add Percent and Category Name data labels and choose Outside End position for the labels. Change the data labels font size to 10. Created On: 08/27/2019 1 Exp19_Excel_Ch03_Cap - Gym 1.0 Grader - Instructions Step 10 Excel 2019 Project Points Possible Instructions You want to emphasize the Education & Training slice by exploding it. 2 Explode the Education & Training slice by 12%. 11 Add the Light Gradient – Accent 2 fill color to the chart area. 2 12 You create another chart showing the Balance sheet items. You change the chart to a clustered column and switch the row and column data to focus on each balance sheet item. 10 Insert a stacked column chart using the ranges A4:D4, A10:D10, A15:D15, and A16:D16 on the Balance sheet. Change the chart type to Clustered Column and switch the rows and columns in the chart. 13 You want to move the column chart to be on the Summary worksheet along with the bar chart. 5 Move the column chart to the Summary worksheet. Cut the chart and paste it in cell A1. 14 The column chart needs to have a descriptive title to indicate the data comes from the Balance sheet. 2 Change the title to 3-Year Balance Sheet. 15 The last chart will be a line chart to show the trends in Memberships. 5 Insert a line chart using the range I3:L15 on the Membership worksheet. 16 You want to move the line chart to be on the same Summary sheet as column and bar charts. 4 Move the line chart to the Summary worksheet. Cut the chart and paste it in cell A17. 17 Because the lowest value is between 200 and 300, you will change the vertical axis at 200 instead of 0. 5 Adjust the vertical axis so the Minimum Bound is 200 and display a vertical axis title # of Memberships for the line chart. 18 Apply Chart Style 4 and change colors to Monochromatic Palette 8 for the line chart. 4 19 Move the legend to the top of the chart and add the chart title 3-Year Membership Trends. 4 20 0 21 0 22 0 23 0 24 You want to add sparklines to the Daily Attendance Trends. You add high points to emphasize which time of day is the most popular for your membership. 7 Select range B16:F16 on the Membership worksheet. Insert Column Sparklines using data from the range B6:F14. Display the high points for the sparklines. Created On: 08/27/2019 2 Exp19_Excel_Ch03_Cap - Gym 1.0 Grader - Instructions Step Excel 2019 Project Points Possible Instructions 25 Insert a footer with Exploring Series on the left, the sheet name code in the center, and the file name code on the right on the Membership, Expenses, and Summary sheets individually. Change to Normal view. 2 26 Save and close Exp19_Excel_Ch03_Cap_Gym.xlsx. Exit Excel. Submit the file as directed. 0 Total Points Created On: 08/27/2019 3 92 Exp19_Excel_Ch03_Cap - Gym 1.0 Better You Fitness Center Profit and Loss Statement Year 1 Income Memberships Clothing Merchandise Other Total Income Expenses Cost of Sales Payroll Advertising Education & Training Insurance Rent Repairs & Maintenance Utilities Supplies Total Operating Expenses Net Operating Profit $ $ $ $ $ Year 2 100,000 85,000 4,250 189,250 $ 75,000 75,000 15,270 10,000 15,000 25,000 5,000 12,000 3,000 235,270 (46,020) $ $ $ $ Year 3 275,000 111,300 5,350 391,650 $ 92,500 180,000 17,163 12,000 15,000 25,000 10,000 13,200 3,200 368,063 23,587 $ $ $ $ 395,000 126,000 6,140 527,140 65,000 250,000 15,879 10,000 15,000 25,000 3,000 14,520 3,800 402,199 124,941 Better You Fitness Center Balance Sheet Year 1 Assets Bank Account Accounts Receivable Gym Equipment Merchandise Inventory Total Assets Liabilities Accounts Payable Current Loans Due Long Term Equipment Loan Total Liabilities Retained Earnings Net Worth $ $ $ $ $ Year 2 81,696 41,300 15,095 40,000 178,091 $ 18,134 26,000 174,000 218,134 (40,043) 178,091 $ $ $ $ Year 3 147,907 65,667 8,000 55,000 276,574 $ 16,244 26,000 148,000 190,244 86,330 276,574 $ $ $ $ 260,409 74,340 9,000 60,000 403,749 18,213 26,000 122,000 166,213 237,536 403,749 Better You Fitness Center Year 3 Daily Attendance Trends 4am - 6am 6am - 8am 8am - 10am 10am - 12pm 12pm - 2pm 2pm - 4pm 4pm - 6pm 6pm - 8pm 8pm - 10pm 6am - 8am 8am - 10am 10am - 12pm 12pm - 2pm 2pm - 4pm Monday 50 125 100 90 75 62 125 125 75 Saturday 100 125 75 50 25 Weekday Tuesday Wednesday 50 45 100 85 100 110 100 100 65 70 50 55 140 150 150 105 20 40 Weekend Sunday 90 100 75 25 25 Thursday 40 110 90 90 50 50 85 150 30 Friday 30 120 100 100 25 35 35 20 20 Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Better You Fitness Center 3-Year Membership Totals Year 1 Year 2 250 560 250 560 255 560 275 575 275 575 260 575 250 585 275 750 275 750 325 765 500 925 550 930 Year 3 935 948 960 990 990 990 1,025 1,025 1,050 1,100 A B с D E F G H J K L M N O Р 1 3-Year Balance Sheet 2 3 Expenses (Without Payroll and Cost of Sales) $5,000 $10,000 $15,000 $20,000 $25,000 4 Advertising 5 Education & Training 6 7 Insurance $450,000 $400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 S- $(50,000) $(100,000) 8 Rent 9 Repairs & Maintenance 10 Utilities 11 Total Assets Total Liabilities Accomed Earnings 12 Supplies 13 14 Year 1 Year 2 Year3 Year 1 Year 2 Year3 15 16 17 18 3-Year Membership Trends -Year 1 -Year 2 Year 3 19 20 21 22 1,200 1,100 1,000 900 23 24 25 # of Memberships 26 800 700 600 500 400 300 200 27 28 29 Income Balance Membership Expenses Summary +
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Explanation & Answer

Attached.

Better You Fitness Center
Profit and Loss Statement
Year 1
Income
Memberships
Clothing Merchandise
Other
Total Income
Expenses
Cost of Sales
Payroll
Advertising
Education & Training
Insurance
Rent
Repairs & Maintenance
Utilities
Supplies
Total Operating Expenses
Net Operating Profit

$

$
$

$
$

Year 2

100,000
85,000
4,250
189,250

$

75,000
75,000
15,270
10,000
15,000
25,000
5,000
12,000
3,000
235,270
(46,020)

$

$

$
$

Year 3

275,000
111,300
5,350
391,650

$

92,500
180,000
17,163
12,000
15,000
25,000
10,000
13,200
3,200
368,063
23,587

$

$

$
$

395,000
126,000
6,140
527,140
65,000
250,000
15,879
10,000
15,000
25,000
3,000
14,520
3,800
402,199
124,941

Better You Fitness Center
Balance Sheet
Year 1
Assets
Bank Account
Accounts Receivable
Gym Equipment
Merchandise Inventory
Total Assets
Liabilities
Accounts Payable
Current Loans Due
Long Term Equipment Loan
Total Liabilities
Retained Earnings
Net Worth

$

$
$

$
$

Year 2

81,696
41,300
15,095
40,000
178,091

$

18,134
26,000
174,000
218,134
(40,043)
178,091

$

$

$
$

Year 3

147,907
65,667
8,000
55,000
276,574

$

16,244
26,000
148,000
190,244
86,330
276,574

$

$

$
$

260,409
74,340
9,000
60,000
403,749
18,213
26,000
...


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