Microsoft Excel Fundamentals

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Questions and Answers

What is the formula to calculate the Cost Amount in the spreadsheet?

  • Cost Price multiplied by Mark-up percentage
  • Sales Price divided by Quantity Sold
  • Sales Price minus Mark-up percentage
  • Cost Price multiplied by Quantity Sold (correct)

What is the purpose of the Shares.xlsx file?

  • To create a budget for a personal expense
  • To track the inventory of a store
  • To calculate the profit of a sales transaction
  • To monitor changes in a share portfolio (correct)

What is the formula to calculate the Sales Amount in the spreadsheet?

  • Profit multiplied by Quantity Sold
  • Sales Price multiplied by Quantity Sold (correct)
  • Cost Price multiplied by Quantity Sold
  • Cost Amount divided by Mark-up percentage

How should the cells relating to monetary amounts be formatted?

<p>As currency with 2 decimal places (C)</p> Signup and view all the answers

What is the purpose of step 4 in the instructions?

<p>To show the total Profit in cell H7 and apply bold formatting (A)</p> Signup and view all the answers

What is the formula to calculate the Profit in the spreadsheet?

<p>Sales Amount minus Cost Amount (C)</p> Signup and view all the answers

What should be inserted in the header of the spreadsheet?

<p>Your name, class, and ZID (A)</p> Signup and view all the answers

What is the formula to calculate the Percent Change for each share in the Shares.xlsx file?

<p>Updated Price minus Purchase Price, then divided by Purchase Price (B)</p> Signup and view all the answers

Where should the total Profit be displayed in the spreadsheet?

<p>Cell H7 (D)</p> Signup and view all the answers

What is the purpose of step 9 in the instructions?

<p>To save the file (D)</p> Signup and view all the answers

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