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Scenario/Summary
You are an intern at First National Bank working in the loan department, and your boss has asked you to prepare the monthly "New Loan Report" for the Board of Directors. This analysis report will clearly list and summarize all new loans for residential housing in the past month. The summary area includes the loan statistics as labeled data in the data file. The format of the report should be appropriate for the Board of Directors for the First National Bank.
Be sure to watch the tutorials at the end of the Lesson page.
Deliverables
Step 1: Open, Save, and Document the Workbook
A. Download the Week2_iLab_FirstNatlBank_Students.xlsx Workbook. Open the file in Excel, and save it as the file name as describe above (i.e., Doe_J_Week2 iLab.xlxsm). [Note: You may get a popup message that asks you to "Enable Saving". Simply click "Yes" to Enable and you will be able to save the file]
B. It is recommended that as you progress through this assignment, that you work on what you have learned so far, in terms of readability. Be sure to keep your worksheet professional with easy to read column headings, shading, spacing, boxes, logos, and so on. Remember to label your worksheets with appropriate labels (i.e., not sheet1, sheet2, etc.).
C. Add a documentation sheet that provides a spreadsheet title, author, date, and purpose. Format the documentation sheet. The bank's logo is dark blue, so use a color scheme that reflects that logo. Select complementary Font and Fill colors for the documentation sheet. Ensure that the sheet tab is named Documentation and that the documentation sheet is the first sheet in the workbook.
Step 2: Create Calculations
Functions are used to calculate the interest rate, down payment, monthly payment, and average selling price for each residential home in the worksheet. You need to create a formula to determine the down payment. Finish the calculations by using the appropriate functions to complete the Loan Statistics summary area of the worksheet.
A. Use a VLOOKUP function to determine the interest rates in column D. There is a tutorial video on creating and using VLookup tables at the end of the Lesson page.
B. Calculate the down payment by multiplying the results of a VLOOKUP function by the selling price. Enter the formula in column E.
C. Calculate the amount to be financed by subtracting the down payment from the selling price. Enter the formula in column F.
D. Use a PMT function to determine the monthly payments in column G. You should assume that the payment is being made at the beginning of the month. Remember that the Interest Rate being shown is an annual percentage rate (APR), yet the payments are being made monthly. Be sure to make your adjustment to the interest rate for this. In addition, the term of the loan is being shown in years. Be sure to adjust the years to months in your PMT function argument.
E. Use appropriate formulas and functions to calculate our loan statistics for the month.
• Number of Loans
• Lowest Amount Financed
• Total Amount Financed
• Highest Amount Financed
Step 3: Format the Worksheet
Now that you have finished the calculations, you must format the worksheet in a professional manner suitable for delivering to the Board of Directors. Your final worksheet will look something like the worksheet below.
A. Format all money figures as currency with two decimals and all percentages as percents.
B. Adjust columns sizes to fit the data.
C. Merge and center titles and size appropriately.
D. Change font color to dark blue.
E. Add a small graphic appropriate for the purpose of the worksheet.
F. Separate sections of the worksheet and provide borders as appropriate.
Step 4: Create an Excel Application With Macro and Macro Button
A. Add a new worksheet to the workbook, and name it Loan calculator.
B. Create a user input section that asks users to input the following:
1. What is the price of the home?
2. Do you wish to put any additional money down?
3. Pay at the beginning of the month?
C. Create an Output section that uses the userprovided data and calculates the mortgage payments for a 15year loan, a 20year loan, and a 30year loan.
D. Add user input validation to ensure that users input at least $50,000 for the cost of the home and answer Yes/No to the payment question.
E. Unlock the cells in which users will input data so that you may protect the sheet to keep users from changing other areas.
F. Create a Macro.
G. Use Insert Shapes to add a Macro button that will allow users to clear values and start over. Name the button Enter New Values.
H. Protect the worksheet, but do NOT require a password.
I. Format the worksheet so that it is easy to understand and use. The following is a sample of what your final worksheet might look like:
Save your file as an xlsm file and submit to the Dropbox. Make sure you post a comment about what you learned when submitting the file.
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WE HAVE A NEW WEEK 5 LAB (UPDATED JUNE 2016) WHICH COULD BE FOUND ON THIS LINK
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WE HAVE A NEW WEEK 2 LAB (UPDATED JUNE 2016) WHICH COULD BE FOUND ON THIS LINK
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BIS 155 Lab 2 of 7: Excel’s Advanced Formulas & Functions
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WE HAVE A NEW WEEK 1 LAB (UPDATED JUNE 2016) WHICH COULD BE FOUND ON THIS LINK
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Week 5 Quiz
(TCO 5) When multiple worksheets are selected, the word ________ appears in the title bar. (Points : 2)
(TCO 5) In Excel, which of the following would you perform to group adjacent worksheets? (Points : 2)
(TCO 5) When two windows of the same workbook are opened, E..

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Week 4 Quiz
(TCO 8) Which of the following is one of the most common file types imported into Excel? (Points : 2)
(TCO 8) Which of the following is NOT a text file? (Points : 2)
(TCO 8) Which of the following is NOT a method for refreshing data? (Points : 2..

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Week 3 Quiz
(TCO 4) If there are certain columns of information that are not needed at a particular time but might be needed later,_ the unneeded columns to allow users to focus on only the essential information. (Points:2)
(TCO 4) In Excel, the print area is defined as _____...

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Week 2 Quiz
(TCO 2) An absolute cell reference: (Points : 2)
(TCO 2) Which of the following best describes a circular reference? (Points: 2)
(TCO 2) =$E2G$4 contains examples of _____ cell references. (Points: 2)
(TCO 2) In Excel, an Argument wo..

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Week 1 Quiz
(TCO 1) Which of the following describes the function of the Formula Bar (as it applies to Excel 2010)? (Points : 2)
(TCO 1) Which of the following best describes a cell address? (Points : 2)
(TCO 1) If yo..

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Objective
The general instructions for this project can be found in the Week 6 Lecture material. The Week 6 Lecture describes the assignment and provides an overview of the project as a whole. There are no stepbysteps for the course project. The following are grading criteria for this proje..

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BIS 155 Course Project Excel Project
BIS 155 Lab 1 of 7: Saddle River Marching Band
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Question 1. Question : (TCO 5) The tabs of grouped worksheets are displayed with a _____ background.
gray
yellow
blue
white
Question 2. Question : ..

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Question 1. Question : (TCO 8) Which of the following is one of the most common file types imported into Excel?
Text
PowerPoint
Web
Word
Question 2. Question : ..

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Question 1. Question : (TCO 4) If there are certain columns of information that are not needed at a particular time but might be needed later, _____ the unneeded columns to allow users to focus on only the essential informati..

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Question 1. Question : (TCO 2) In Excel, a relative cell reference
indicates a cell's specific location and the reference does not change when you copy the formula.
contains both an absolute and a relative cell refere..

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Question 1. Question : (TCO 1) An Input Area (as it applies to Excel 2013) is defined as_____.
a range of cells containing results based on the output area
displays the name of a worksheet within a workbo..

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BIS 155 Week 1 DQ Getting Familiar With Excel
BIS 155 Week 2 DQ Formulas and Functions
BIS 155 Week 3 DQ Data Analysis Tools
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This week will be an opportunity to share ideas and approaches to the Excel course project due this week.
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Excel 2013 provides the capability to exchange data with other applications. Discuss the different types of ways to exchange data between Excel and other Microsoft applications.
Are there limitations to the exchange process? Think of some specific examples.
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Excel provides many different ways in which to analyze data. Discuss the different methods by which you can analyze data in your spreadsheet. That is, try an Internet search for "data analysis with excel" or use some of the methods you learned in this week's lesson. P.S. Please don't use the ..

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One of the benefits of Excel is the ability to use formulas and functions.
Discuss the differences between formulas and functions. Pick a function in Excel and discuss how that function is used to calculate results in your worksheets. Review your classmates posts to make sure that you're not ..

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Excel was introduced in 1985. Since then, it has become a standard business tool.
Discuss and explain at least six different (unique) features of Excel that make it a valuable business tool.
Discuss what type of Excel skills would be important in today’s job market and why. Be speci..

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Complete the tasks below using Microsoft Excel. You may refer to your notes, the textbook, or other resources such as the Web You may not get interactive help from any other person, either in person or via email, text messaging, instant messaging, or other communications channels. I strongly reco..

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BIS155 Practical Final Exam Instructions 1 for Cool Clocks, Inc. (v2)
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Scenario/Summary
Hopefully you will find this week's iLab activity fun and useful. We'll be exploring the world of statistics from a business perspective this week, allowing you to practice your skills with descriptive statistics, formatting, graphs, and regression analysis.
As discussed ..

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Scenario/Summary
The purpose of this exercise is to use the Excel skills you have acquired thus far, and apply them to an analysis of a business scenario, of your choice. This will consist of preparing the groundwork in Excel (importing data, preparing the analysis using tables, charts, graph..

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Senario/Summary
Your friend, Adair Deske, is considering opening a day care center. She has started compiling her assumptions and putting together an Income Statement. She has determined that she must make at least $75,000 profit per year in order to start the business. She has asked you to a..

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The owner of Carina's Pizza, wants to evaluate the profitability of the three restaurants before expanding further. They are particularly interested in the comparative results of three dining categories, dinein, pickup, and delivery. Carina has asked for your help in doing this analysis in retur..

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You work with the Student Education Trust, which allows you to demonstrate your expertise with Excel. The trust is sponsoring an auction, and you have received a list of all donors who have contributed to this auction. The list was pulled from their database as a commaseparated text file. You ha..

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You are an intern with the Regional Realty Association and are analyzing the claim made by Luke Liberty Realty that "we get your price." You have prepared a spreadsheet that shows data relating to 3 months' sales by Luke Liberty Realty. You are going to determine the percent of asking price for e..

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Scenario/Summary
You are the assistant to the band director for the Upper Saddle River Marching Band, and you must prepare a report showing the status of the marching band fundraising event for presentation to the board of trustees. The report will summarize all sales of all items and include..
