Job Description Project Description:
You are the financial manager for our Art Gallery. One of your clients, Raymond Chancellor, has a large collection of limited edition signed art. Over the years, you have helped Raymond maintain a list of his collection, including the title of the art, medium, issue date, issue price, the price he paid, and current market values. Most of the art is sold out from the publisher, which increases the value of the art. Other art is still readily available or is available in limited quantities. You want to update the list so that he can properly insure his collection.
Steps to Perform:
Step Instructions Points Possible
I. will give you a excel file named Intro_Collection. xlsx. Grader has automatically added your last name to the beginning of the filename. 0
2. Select the range A1:A6 on the Christensen worksheet, merge the cells, and apply Middle Align vertical alignment. 2
3. Change the width of column K to 17.00, select the range K1:K3, and apply Thick Outside Borders. 2
4. Click cell C9, and freeze panes so that rows 1 through 7 and columns A and B are frozen. 1
5. Select the range E9:E54 and apply format. 2
6. Find all occurrences of Retired and replace them with Sold Out. 2
7. Click cell H9 on the Christensen worksheet, and insert a formula that calculates the percentage Raymond paid of the issue price by dividing the amount Paid by the Issue Price. Copy the formula from cell H9 to the range H10:H54. 3
8. Click cell J9, and insert a formula that calculates the percentage change in value by subtracting the Issue Price from the Current Value and then dividing that result by the Issue Price. Copy the formula from cell J9 to the range J10:J54. 3
9. Apply Percent Style with one decimal place to the ranges H9:H54 and J9:J54. 2
10. Insert in the Current Values section at the top of the worksheet summary functions that use the range I9:I54. In cell I2, calculate the total of all the Current Values. In cell I3, calculate the average current value. in cell I4, calculate the lowest current value. In cell I5, calculate the highest current value. 12
11. Click cell C9 and insert a VLOOKUP function that looks up the code in cell B9, compares it to the codes and types of art in the range B2:C6, and returns the type of art. Copy the function in cell C9 to the range C9:C54. Hide column B that contains the codes. 5
12. Click cell K9 and insert an IF function that determines if the Issue Price is equal to the Current Value. If the values are the same, display Same as Issue (using the cell reference K2); otherwise, display Increased in Value (using the cell reference K3). Copy the function from cell K9 to the range K10:K54. 4
13. Display the Purchase worksheet, insert a row above Monthly Payment. Type Monthly Payments in 1 Year in cell A5 and type 12 in cell B5. 2
14. In cell B6 in the Purchasing sheet, insert the payment function to calculate the monthly payment using cell references, not numbers, in the function, and make sure the function displays a positive result. Apply Accounting Number Format and the Output cell style to cell B6.