Grader - Instructions Excel 2016 Project

Assignment 4 - 2018 V4
Project Description:
Please note that you will be allowed to submit this assignment 3 times. MyITLab will keep your highest score of the 3. Some
of these formulas are pretty complicated and there are almost always several ways to perform them. For each of the formulas I
have included 4-8 different versions that MyLab will mark as correct. If you have a version that I didn't envision I apologize but
since you get 3 tries at this assignment you should be able to get the version based upon the feedback provided by the auto-
grader.

Steps to Perform:

Points
Step Instructions
Possible

1 Armstrong Motor Works runs several promotions each year to reward dealerships for their 0
sales efforts, sometimes on specific car models and other times for overall sales. Armstrong
Motor Works is running three different promotions for large dealerships, based on
performance over this past calendar year. Small and medium-sized dealerships have similar
promotions but based on different expected volumes and rebate percentages. The promotions
are as follows:

Shipping Rebate:
A rebate on shipping expenses based on a dealer meeting or exceeding their expected
quarterly volumes: These are savings Armstrong Motor Works realizes from its trucking
carriers and has decided to pass along as a reward to dealerships that have exceeded
expectations. Rebates for each quarter were set by management as follows: 1st quarter, $80
per car sold (actual volume); 2nd quarter, $93 per car sold; 3rd quarter, $84 per car sold; and
4th quarter, $137 per car sold. Dealerships are awarded the rebate on a quarter-by-quarter
basis, but only for quarters where their actual sales met or exceeded expected volumes for
that quarter. Expected sales volumes for large dealerships for each quarter are as follows:

– 1st Quarter Quota: 359

– 2nd Quarter Quota: 454
– 3rd Quarter Quota: 467
– 4th Quarter Quota: 375

So… if Dealer 1 sells 361 cars in Q1, this is greater than 1st Qtr Quota right? That then means
that for Qtr 1 they get a rebate = $80 (the value for the 1st quarter rebate) for each of the 361
cars sold.

Overall Sales Volume Bonus:

An overall sales volume bonus based on meeting or exceeding expected annual volumes: All
dealerships that met or exceeded the expected annual sales volume by 6.825% or more are
awarded an $8,000 bonus. Dealerships that met or exceeded the expected annual sales
volume by 2.14% but by less than 6.825% are awarded a $4,000 bonus. Otherwise, no Overall
Sales Volume bonus is awarded ($0).

Best in Class Bonus

A “Best in Class” bonus of $7,025 awarded to the one dealership with the highest overall
(annual) sales volume in its class. A "2nd Best in Class" bonus of $3,000 is awarded to the
dealership with the 2nd highest overall (annual) sales volume.
You have been asked to set up a worksheet to record the dealer information for the past year
and apply the appropriate promotions to each dealership. The actual dealership quarterly
sales volumes have already been entered in a worksheet. Now, you will finalize the analysis.

Download the starter file named A4Starter.xlsx (or whatever MyITLab names it) associated
with this assignment onto your desktop.

This past year’s quarterly sales volumes and expected sales volumes for large dealerships
have already been entered into this workbook. Complete the analysis using any additional

Created On: 10/02/2018 1 Assignment 4 - 2018 V4

Grader - Instructions Excel 2016 Project

Points
Step Instructions
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columns and/or rows as you deem necessary. All formulas should work when copied either
across or down, as needed. Add any appropriate formatting to make the worksheet easy to
read. Remember all of the formatting from Module 1? Numbers larger than 1,000 should have
commas... columns that are money-related should be formatted as currency with $ signs in the
top row as well as any summary rows at the bottom of the table. All numbers (general and
money-related should be formatted to show 0 zero decimal places.

2 NO POINTS but words of wisdom/advice:At the top of the sheet are cells containing data 0
needed by the various formulas in this assignment. In your various formulas, each formula
should refer to these cells containing the data rather than sticking a number into a formula.
For example, if you are using a formula that needs the value of 8000 in it, you “could” use the
formula:

=IF(B3>8000,"Do This","Do That")

but a better way would be to put the number 8000 in a cell such as A1 and then your “Better”
formula would be:

=IF(B3>A1,"Do This","Do That")

This way the number 8000 is readily visible/editable and all cells that “need” it will then get any
changes as opposed to you having to hunt through all cells for the “hard-coded” number,
8000, and change it in each.
What this step boils down to is this: If you hard-code numbers (like the 8000 in the example
above or percentages) into your formulas you will have points deducted on the following steps.

Also, MyITLab is programmed to look for the correct formula as I have written it. While I have
put in several possible formulas that come to mind I may not have come up with your exact
formula so after you submit it, MyITLab will give you some pretty strong hints as to how to fix
your formula so that it lines up with mine. If you take it up on its suggestions all will be fine on
your next resubmission.

3 In cells F17:F28 adjacent to the quarterly sales data, calculate the corresponding annual sales 2
volume for each dealership by adding together the 4 quarterly sales volumes in columns B, C,
D and E. Format accordingly for the type of number in this cell range.

4 In columns G through J, calculate the value of the shipping rebate for each dealer for each 8
quarter. If you use proper cell referencing, you should be able to write a formula in cell G17
that can be copied down the column and across the row. Remember, dealers will only receive
rebates in quarters where their actual quarterly sales volumes met or exceeded expected
sales volumes located in cells C4:F4. In cells K17:K28 determine the total value of the
shipping rebates for all four quarters for each dealership (found in columns G:J).

5 In column L, utilizing your newly-found expertise in nested IF functions calculate the value of 6
the Overall Sales Volume Bonus for each dealership per the descriptions in the opening
paragraphs of this assignment.

6 In column M, calculate the value of the “Best in Class” bonus for each dealership (The 6
dealership with the highest annual sales volume will receive the amount in cell C9 and the
dealership with the 2nd highest annual sales volume will receive the amount in Cell C10. All
others will receive $0).
Hint: There are a few different ways that you can accomplish the Logical Argument of your IF
statements for this one. Think through what your eyes/mind does when you look at the Total
annual sales volume cells. You look at a number (F17 for example) to see if it is the largest in
range right? Another way would be to think something like... "does this F17 number's rank
equal to 1?"

Created On: 10/02/2018 2 Assignment 4 - 2018 V4

Grader - Instructions Excel 2016 Project

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Step Instructions
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So... if it IS the largest they get the amount in C9. If it's not then you look to see if it is the
SECOND largest. If it IS the 2nd largest number than they get the value in C10. If it is none of
the above they get squat.

7 Ken wants to Compare Actual Annual Sales Volume to Expected Annual Sales Volume to see 8
how accurately they set their dealership quotas:
In cell G4 sum the 4 quarterly expected volumes in cells C4:F4 together to obtain the Annual
Expected Volume. In N17:N28 for each dealer analyze the quality of these volume
expectations by comparing each dealer’s Total Annual Sales Volume to the Annual Expected
Volume. Categorize the quality of the these comparisons into the following categories:
• Display “Excellent” if the actual volume is within 3.4% (<=103.4% and >=96.6%) of the
expected sales volume. (Hint: For example, if you wanted to determine if the value 26 is within
+/– 25% of 40, you would need to test this value to make sure that both 26>=40–.25*40 AND
26<=40+.25*40).
• Display “Good”: If the "Excellent" test in the previous bullet point fails (the actual volume was
not within 3.4% of expected) then we want to check to see if the actual is within 7.7% of the
expected value. If it is within this range then we want our awesome nested IF statement to
output the word "GOOD".
• Display “Poor” if the actual volume is greater than 7.7% higher than expected or less than
7.7% lower than the expected volume.

This step is kind of tough so I created a video to help you through this one.
https://www.youtube.com/watch?v=ptwRmiLJn0Q

8 In row 29 for each column B through M calculate the sum of values for these columns (cars 3
sold and $ awarded) to all dealers for sales volume, shipping rebates, sales, and best in class
bonuses. Format each cell in this Totals row correctly and make these cells bold.

Hint: As we learned back in Assignment 1, since it is a total row you should include $ signs if
that cell is money and not include it if it is a sales volume. You can use the Currency format for
all of the cells but notice that if you take the $ sign out of a cells format it just converts itself to
Number. This is expected and fine.

9 In column O, determine (by displaying the boolean value of either TRUE or FALSE) if this 5
dealership received money during this year for both a shipping rebate (from any quarter) AND
a sales volume bonus. Copy the formula down the column to obtain the corresponding value
for each dealership. Remember here that double-quoting the letters T-R-U-E like this...
"TRUE" as that is a BAD thing because it creates a chunk of text out of the perfectly good
boolean value of TRUE. Watch the video called TRUE vs "TRUE" for a full description. On
your upcoming exam I see lots of students putting TRUE's and FALSE's in double-quotes and
you will lose points for doing this!!!

In this class if you ever put your TRUE 's or FALSE 's in double quotes anywhere in any
formula you will be doing it wrong!!!

10 In column P, Ken wants to see an overall effectiveness rating of all of their dealers. All of the 8
dealers should be classified as either Excellent, Good or Poor based upon the following
criteria:
Excellent: Received a Quarterly Shipping Rebate (completed in step 4) in 2 or more of the 4
quarters AND also reached their Overall Sales Volume Bonus.
Good: Received a Quarterly Shipping Rebate (completed in step 4) in at least 1 of the 4
quarters OR also reached their Overall Sales Volume Bonus.
Poor: They were neither Excellent nor Good
Apply conditional formatting to change the formatting on cells displaying "Excellent" to be

Created On: 10/02/2018 3 Assignment 4 - 2018 V4

Grader - Instructions Excel 2016 Project

Points
Step Instructions
Possible

Green Fill with Dark Green Text, "Good" to display Yellow Fill with Dark Yellow Text and
"Poor" to display "Light Red Fill with Dark Red Text". Hint: These 3 different formats are 3 the
top 3 choices of conditional formatting so use the values from this dropdown as opposed to
making up your own coloring scheme. It should look something like the accompanying image
when complete.

11 In rows 30 & 31 for each column that contains a rebate/bonus (G through M), create formulas 4
that
a) determines the number (count) of dealerships receiving this rebate/bonus and
b) the average value of the bonus (include dealerships that did not earn a bonus in the
average calculation). Make sure that your formatting conforms to the best practices that we
learned back in Module 1!

12 5 EXTRA CREDIT POINTS!!! - In cells B17 - E28, Ken wants the dealerships quarterly cells 5
that are >= the quarterly expected volume cells to be formatted as with the font color as White
and the fill color as Green. You must use conditional formatting to accomplish this as
demonstrated on pages 304-311 of the book... specifically the part on "Use Formulas in
Conditional Formatting" on 310.

So for this assignment, since cell C17 (dealer # 3254's 2nd quarter sales) has a value of 468
and since that volume is greater than the 2nd quarter Expected Volume in cell D4 it should
turn green. That dealer's 1st quarter sales in cell B17 should NOT automatically turn green
since 356 is less than the 1st quarter's expected volume of 359 located in cell C4.
How I did it: Click on B17, create the new rule making sure that I use a formula that utilizes
referencing in such a way that I can use the format painting tool to copy the conditional
formatting across and down throughout cells B17:E28 and still have the formulas compare
these cells in B17:E28 to cells C4:F4.
Hint: Green is the 6th color from the left when you get to the Fill tab. Don't forget to also set
the Font color to White!

Total Points 55

Created On: 10/02/2018 4 Assignment 4 - 2018 V4