Exp19_Excel_Ch01_ML1_Rentals

Exp19 Excel Ch01 ML1 Rentals

Excel Chapter 1 Mid-Level 1 – Rentals 

Project Description:

You manage a beach guest house in Ft. Lauderdale containing three types of rental units. Prices are based on peak and off-peak times of the year. You need to calculate the maximum daily revenue for each rental type, assuming all units are rented. In addition, you need to calculate the discount rate for off-peak rental times. Finally, you will improve the appearance of the worksheet by applying font, alignment, and number formats.

Start Excel. Download and open the file named Exp19_Excel_Ch01_ML1_Rentals.xlsx. Grader has automatically   added your last name to the beginning of the filename.

You want to format   the main title to have a consistent appearance to other documents and   spreadsheets.
 
  Apply the Heading 1 cell style to the range A1:G1.
 

  Hint: Cell Styles is on the Home tab.

You want to apply a   similar, complementary style to the date, which is below the main title.
 

  Apply the 20% – Accent1 cell style to the range A2:G2.

The Peak Rentals   heading is centered over the related data in columns C and D. You want the   Off-Peak Rentals heading to be centered over its related data.
 

  Merge and center Off-Peak Rentals   in the range E4:G4.
 

  Hint: Merge and Center is on the Home tab.

To help other people   know that the Off-Peak Rentals heading is related to three columns of data,   you want to apply a fill color to that heading. You will choose a different   color to distinguish these data columns from the fill color used for the Peak   Rentals heading.
 

  Apply Blue fill color (the eighth color below Standard Colors) and White,   Background 1 font color to cell E4.
 

  Hint: Fill Color and Font Color are on the Home tab.

Three headings   (Maximum Revenue, Maximum Revenue, and Discount Rate) do not fully display on   the fifth row. Instead of widening the columns, you want to wrap the headings   within their respective cells. This will enable you to maintain the column   width appropriate for the data below the headings.
 

  Center and wrap the headings on row 5.
 

  Hint: Use the Home tab.

You are ready to   calculate the Peak Rentals Maximum Revenue that can be earned. The maximum   revenue is the total revenue if all rental units are rented.
 

  In cell D6, enter a formula that calculates the Peak Rentals Maximum Revenue.
 

  Hint: Formula is: No. of Units*Daily Rate

The Discount Rate is   the percentage off of the Peak Rentals Per Day Rate used to calculate the   Off-Peak Rentals Per Day rate. The Studio Apartment rents for $120 Off-Peak,   which is 80% of the $149.95 Peak rate. Therefore, the Discount Rate for the   Off-Peak Per Day rate is 20%.
 

  In cell G6, enter a formula that calculates the Discount Rate for the   Off-Peak rental price per day.
 

  Hint: Formula is: 1-(Off-Peak Rentals Daily Rate/Peak Rentals Daily Rate)

You created formulas   for the Peak Rentals Maximum Revenue and the Discount Rate for the Off-Peak   Rentals for the Studio Apartment rental type. Now you want to copy the   formulas to the remaining rental types so that you don’t have to create formulas   again.
 

  Copy the formula in cell D6 to cells D7:D8. Copy the formula in cell G6 to   cells G7:G8.
 

  Hint: Use the fill handle.

The values in the   columns are hard to read with varying number of decimal points. The   Accounting Number Format will align the decimal points and display dollar   signs to improve the appearance of the monetary values.
 

  Format the range C6:F8 with Accounting Number Format.
 

  Hint: Accounting Number Format is on the Home tab.

The Discount Rate   formula results are displayed as decimal points. However, formatting the   values as percentages will align decimal points and clearly indicate the   percentages.
 

  Format the range G6:G8 in Percent Style with one decimal place.
 

  Hint: Look in the Number group on the Home tab.

You applied a solid   blue to the Off-Peak Rentals heading, so you will apply a complementary   lighter blue fill color to the data below that heading.
 

  Apply Blue, Accent 1, Lighter 80% fill color to the range E5:G8.
 

  Hint: The Fill Color palette contains an option for selecting more colors to   customize.

A solid red fill is   applied to the Peak Rentals heading. You will select a complementary custom   fill color for the data below that heading.
 

  Select the range C5:D8 and apply a custom fill color with Red 242, Green 220,   and Blue 219.
 

  Note, Mac users, in the Colors dialog box, click the Color Sliders tab and   then select the RGB Sliders.
  Hint: On the Home tab, in the Font group, click Fill Color, and then click More   Colors.

Answer the first   question below the worksheet data. Apply Yellow highlight color to the   correct answer in either cell A16, A17, or A18.

Answer the second   question below the worksheet data. Apply Yellow highlight color to the   correct answer in either cell A22, A23, or A24.

Answer the third   question below the worksheet data. Change XX.X%   to the correct percentage in cell A28.

Now that the   worksheet contains formulas and is formatted, you are ready to apply Page   Setup options to prepare the worksheet to be printed, if needed.
 

  Select Landscape orientation, center the data horizontally on the page, and   apply the setting to fit to one page.
 

  Hint: The Page Layout tab contains options needed.

It is important to   provide identification information in a footer of the worksheets. In   particular, the textbook series name, the worksheet name, and the file name   help identify the worksheet.
 

  Insert a footer with the text Exploring Series on the left side, the sheet   name code in the center, and the file name code on the right side.
 

  Hint: Use the Insert tab or the Page Layout tab to insert a footer.

To preserve the   original data, you make a copy a worksheet so that you can manipulate the   data or if you want to review the formulas.
 

  Create a copy of the Rental Rates worksheet, place the new sheet to the right   side of the original worksheet, and rename the new sheet as Formulas.
 

  Hint: Display a shortcut menu from the sheet tab.
 

You want to display   the formulas and set print options so that it will be easier to read and   interpret the rental formulas on a printout, if needed.
 

  On the Formulas worksheet, display cell formulas, and set options to print   gridlines and headings.
 

  Hint: Use the Formulas tab on the ribbon.

Save and close Exp19_Excel_Ch01_ML1_Rentals.xlsx.   Exit Excel. Submit the file as directed.