Before beginning this assignment, you should thoroughly review Excel Worksheets, Charts, Formulas, Functions, and Tables from your course textbook, Go! All in one: Computer concepts and application.
For this assignment you will use Microsoft Excel to develop a worksheet that details your personal expenses in at least four categories from the last three months. Some of these expense categories might include, but are not limited to, Mortgage, Rent, Utilities, Phone, Food, Entertainment, Tuition, Childcare, Clothing, and Insurance. (These numbers may be fictitious.)
Part 1: The Spreadsheet
Please Note: While some calculations might be easy to do in your head or using a calculator—merely typing the answer into the appropriate cell—the point of this assignment is to get you accustomed to using formulas. In situations requiring frequently updated data or more complex calculations, Excel is a very powerful tool if you know how to use it. Your grade is based on your demonstrated ability to use the required formulas.
Part 2: The Chart
Below your table of monthly expenses, you will create a chart using the numbers from your spreadsheet similar to the example below.
Suggested challenge for intermediate users: Add a row or rows detailing your income and subtract the total expenditures from the total income.
Suggested challenge for advanced users: Use a formula, function, or combination of both to show your net gain or loss (income minus expenses summed over time) for the three-month period.
|Assignment 2 Grading Criteria||
|Submitted an .xls file with a spreadsheet labeled and populated according to the directions.||
|Included calculated totals for each month and each category.||
|Included formulas to calculate each expense category’s percentage of the total expenditures.||
|Formatted the worksheet by adjusting column widths and wrapping text, and by applying appropriate financial number formatting and cell styles.||
|Included a column or bar graph comparing expenses for each month.||
|Accurately portrayed numbers from the expenses spreadsheet in the chart.||
|Formatted the chart for visual appeal.||
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