devry-bis155-week-1-ilab-latest-2016-march

  

> STEP 6: Create
Charts to Represent the Data

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iLab Overview

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 the
total profit-to-date with the amount remaining to reach the profit goal. You
will open the partially completed workbook, create formulas, format for
presentation to the board, and add charts to graphically depict the sales over
time and by product.

Deliverables

NOTE

Submit your assignment to the Dropbox, located
at the top of this page. For instructions on how to use the Dropbox, read these .equella.ecollege.com/file/8ff9f27a-3772-48cf-9855-4bec4e6706bf/1/Dropbox.html”>step-by-step instructions.

(See the Syllabus
section “Due Dates for Assignments & Exams” for due dates.)

After completing the steps below, turn in one
Excel 2013 workbook. Rename the workbook with your lastname_first
initial_Week1_iLab.xlsx. EXAMPLE: If your name were Jane Doe, your
workbook would be Doe_J_Week1_iLab.xlsx.

When submitting the workbook, provide a comment
in the Dropbox comments area explaining what you learned from completing this
iLab activity.

Click to download the .equella.ecollege.com/file/8c321e6d-b6d5-4fb8-add7-b228c844d079/49/BIS155_W1__Lab_1_Grading_Rubric.docx”>Grading Rubric for Lab
1

Required Software

Microsoft Office: Excel
2013

Options for accessing Microsoft Excel 2013:

1.
Use a personal copy on
your PC. You can request a copy of Microsoft Office 2013 via the Student
Software Store icon on the Course Resources Page

2.
If you are a MAC user,
click to read the .equella.ecollege.com/items/2d5f4ce6-cbbd-4727-9910-eb5621ef0ed5/0/ZZZ_W2_MacSupport.html”>MAC User Information.

3.
Click .devry.edu/”>DeVry
virtual lab to access Microsoft Excel in the virtual lab.
For additional virtual lab information and tutorials on saving files, click the
iLab icon on the Course Resources page.

Lab Steps

Preparation

Be sure you have reviewed the tutorials located
on the Lesson page before you begin the Lab.

Please do not rely solely on
the videos to complete this week’s lab.The videos provide detailed examples, using the Week 1 OK Office
Systems—Student.xlsx workbook. Applying the examples to the Fundraising
assignment will give you both practice and instruction of what to complete.

For example, your final assignment file should
include five worksheets (Documentation, Sales-Data, Profit by Product, Percent
Sales Graph, and Profits-by-Day), each with a corresponding example, as shown
in the video tutorials.

For step-by-step instructions on how to open a
document in the iLab environment click .equella.ecollege.com/file/8c321e6d-b6d5-4fb8-add7-b228c844d079/49/Opening_a_Document_in_the_iLab_Environment.pdf”>here.

STEP 1: Opening and
Saving

Download the spreadsheet, .equella.ecollege.com/file/8c321e6d-b6d5-4fb8-add7-b228c844d079/49/Week1_iLab_Capital_Fundraising_Student.xlsx”>Week1 iLab Capital Fundraising
Student.xslx. You will be prompted to save the file. Click yes.

Open the saved file from your Download folder on
your computer.

Note: If you are using the Remote Lab
environment you will need to follow the instructions for uploading the file.
These instructions can be found on the iLab page when you click on the iLab
icon on Course Resources.

To save the spreadsheet with a new file name

·
open the workbook in
Excel 2013; and

·
in Excel, click File
then Save as and rename it as lastname_first initial_Week1_iLab.xlsx (Jane Doe
would save the file as Doe_J_Week1_iLab.xlsx).

STEP 2: Adding a
Documentation Sheet

Insert a new spreadsheet into the workbook.

Change the name from Sheet 2 to Documentation.
The Documentation Sheet should be the first sheet in the workbook.

Include your name, the date, and the purpose of
the spreadsheet. Your documentation sheet should look something like the one
below.

STEP 3: Format Your
spreadsheet

Apply formatting to your spreadsheet.

Your goal is to take into consideration
readability, reliability, and re-usability. Remember that presentation
has an impact on the viewer, and professional appearance is important for
reporting data, just as personal appearance impacts perception. The goal is to
make the data more readable, and possibly to highlight data that might
otherwise be lost in many numbers.

The minimum formatting requirements (per the
Grading Rubric) are:

Title Rows formatted as titles

Font Size changes

Color Changes

Use of Shading and Borders

Currency and numeric formatting

Note: Refer to the Formatting video in the
lesson tutorials for help with this step.

STEP 4: Add Formulas

A.
Create the formulas
needed to calculate the following for each item:

Net Selling Price = Selling Price * (1 – Sales
Discount)

Total Sales = Sum(Daily Sales) * Net Selling
Price

Total Profit = Total Sales – (Cost per item *
sum(Daily Sales))

Average Profit % = Total Profit / Total Sales

B.
Create Grand Totals for
the Total Sales and the Total Profit columns.

C.
Create the formula that
will average all of the item profit %.

D.
Create formula to
calculate the Remaining Profit needed to make the Marching Band goal for the
fundraising campaign.

Remaining Profit = The Profit Goal – Total
Profit (all items)

One of the strengths of Excel is its ability to
make tedious and repetitious calculations, for speed and to reduce errors. Like
all tools, there is always the possibility that you could use it incorrectly,
so with formulas, it is important to verify the formulas you enter are correct.

Note: Refer to the Creating Formulas video in
the Lesson tutorials for help with this step.

If you have done the Tutorial on formulas, you
will have noticed, during the creation of the formulas, that there are many
ways to accomplish similar results. Remember that arithmetic formulas follow an
order in which calculations are performed. I make it a personal habit to always
use parentheses () to order the calculations in the order in which I want them
performed, so as not to make a mistake.

For example, if I enter the following formula into Excel, what is the outcome
that I wanted?

6 + 4 * 10

Did I mean to have a result of 100 [(6+4) * 10] or 46 [6 + (4 * 10)]. Excel
would give you 46.

Excel will try to follow the following order of execution whenever possible,
but I would use the best practice of always using parentheses to be certain of
what you want.

1.
Parenthesis

2.
Exponents

3.
Multiplication and
division

4.
Addition and subtraction

STEP 5: Clean-Up

Clean-up the formatting of your report, taking
into account professional appearance.

The minimum requirement (per the Grading
Rubric):

Apply a color to each tab (sheet) in the
workbook

Assign a descriptive name to each tab (sheet) in
the workbook

Printing Setup (for each sheet)

o Create a Custom Page Header

o Set the page orientation to landscape

Note: Refer to the Formatting Cleanup video in
the lesson tutorials for help with this step.

Remember, professional appearance doesn’t only
promote better readability of your report, but represents you as a
professional.

STEP 6: Create Charts
to Represent the Data

Because a picture is worth a thousand words,
create each of the charts below to further enhance your report. Each
chart should be on a separate sheet in the workbook.

·
Pie chart

·
Bar chart

·
Line chart

Note: Refer to the Creating Bar Charts, Pie
Charts, and Line Charts videos in the lesson tutorials for help with this
step. Once you have completed the tutorials, you can apply your skills to
this step of the assignment.

Be sure to properly label the charts – do not
leave default titles such as “Axis” or “Series”.

STEP 7: Save and
Submit

Save your Excel file.

Your Excel file should contain five worksheets.

·
Documentation

·
Sales-Data

·
Profit by Product

·
Percent Sales Graph

·
Profits-by-Day

Submit your completed Excel file to the Dropbox
(see the Deliverables above).