Cumulative Assessment Inland Jewelers

Cumulative Assessment Inland Jewelers

You are an account manager for Inland Jewelers, a regional company that makes custom class rings for graduating seniors. Your supervisor requested a workbook to report on new accounts created on payment plans. The report should provide details on total costs to the student as well as payment information. Each ring financed has a base price that can fluctuate based on ring personalization.

Start Excel. Download and open   the file named Exp22_Excel_Ch02_Cumulative_InlandJewelers.xlsx.   Grader has automatically added your last name to the beginning of the   filename.Insert a function in cell B2 to   display the current date from your system.

With cell B2 selected, set the   width of column B to AutoFit.

Insert a VLOOKUP function in   cell C5 to display the ring cost for the first student. The cost of the ring   type should be an exact match. Use appropriate relative and absolute cell   references.

Fill the function from cell C5   to the range C6:C11.

Apply Accounting number format   to the range C5:C11.

Insert an IF function in cell E5 to calculate the total   due. If the student has chosen to personalize the ring, there is an   additional charge of 5% located in cell B21 that must be added to the cost of   the ring; if not, the student only pays the base price. Use appropriate   relative and absolute cell references.

Fill the function from cell E5   to the range E6:E11.

Apply Accounting number format   to the range E5:E11.

Insert a function in cell G5 to   calculate the first student’s monthly payment, using appropriate relative and   absolute cell references. Ensure the result is a positive number.

Fill the function from cell G5   to the range G6:G11.

Apply Accounting number format   to the range G5:G11.

Calculate totals in cells C12,   E12, and G12.

Set 0.3″ left and right   margins and ensure the page prints on only one page.

Save and close Exp22_Excel_Ch02_Cumulative_InlandJewelers.xlsx.   Exit Excel. Submit the file as directed

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