Rift Valley University, Summit Unit: Administrate

Financial Accounts
Lab Exercise

LAB TEST
LAB TEST PRACTICAL DEMONSTRATION

Name:_____________________________Date_______________________________
Time started_______________time finished__________________
Instructions: you are required to perform the following:
1. Rift valley university /college requires some tasks to perform on excel such as:
 Creating simple spreadsheet
 Preparing payroll using formulas
 Preparing grade reports on excel
 Creating charts
 Formatting all documents with the organizational and task requirements
2. Request your trainer for an evaluation and feedback
Selected exercises

1. A credit association gives loan to peasants and the peasants return the money with its interest
(interest rate is 10%) the amount of money one peasant can get depends on the number of family
he/she has. The money is given based on the following rule.
Number of family members’ amount given (in birr)
1-5 500
6-10 1000
11-15 1500
>15 2000
A B C D E

Family Head Number of family members Amount given interest amount

1 Abebe 4

2 Gemechu 1

3 Helen 6

4 Derartu 13

5 Sara 17

6 Belete Lema 8

7 Angesom Hiluf 10

Average

Total

By Tefera B 1
Rift Valley University, Summit Unit: Administrate
Financial Accounts
Lab Exercise

Answer the following questions based on the spreadsheet given above.

a. Calculate the amount given based on the rule given above using if function
b. Calculate the interest using the given interest rate
c. Calculate the amount returned (amount given + interest)
d. Calculate the AVERAGE value of each column
e. Calculate the TOTAL value of each column
2. Hani super market is paying its employees a certain amount of basic salary plus a commission that is
based on their performance. The following table shows the monthly basic salary of workers and the
total sales by each person in a month. The commission is paid to each worker based on the following
rules.
 If the total sales in a month is less than or equal to 10,000 birr then no commission.
 If it is more than 10,000 birr and less than or equal to 25,000 birr then a commission of 3% is
paid on the amount above 10,000.
 And finally the commission is increased to 4.5% for the additional amount more than 25,000
birr.
Hani supermarket year 2012
employee sex Basic salary (in birr) Total sales (in birr) Gross salary (in birr)
Abebe Tola F 1500 5000
Gemechu M 600 16000

Helen F 1400 35000

Derartu M 1200 60000

Hagos Haftom F 1400 24000

Yonas Behre M 2000 8000

Belete Lema M 1800 15000

Angessa oli M 1300 21000

Selam Debebe M 1600 28000

Debora Yohannis F 500 17000

Average

INSTRUCTION
1.Insert one column between total sales and gross earning and name it as commission
2.Calculate commission based on the above rules.
3.Calculate gross earning ( basic salary + commission)
4.Calculate average value of each column
5.Sort the data in descending order of employee
6.Save the file with your name
7.Create a 3-D pie chart that shows gross salary of employees and add data labels

By Tefera B 2
Rift Valley University, Summit Unit: Administrate
Financial Accounts
Lab Exercise

3. Give grades for each students using if function from the table below
no name maths mark points grade

1 Abebe 84
2 Gemechu 91

3 Helen 72

4 Derartu 49

5 Sara 58

Instruction: use the criteria below

 If student mark is >=85 his/her grade is “A”
 If student mark is >=75 and <85 his/her grade is “B”
 If student mark is >=65 and <75 his/her grade is “C”
 If student mark is >=50 and <65 his/her grade is “D”
 If student mark is <50 his/her grade is “F”
4. Calculate cumulative grade of the following students
no name maths English Civic

Cummula
Total GPt
Credit

Credit

Credit
Grade

Grade

Grade

Grade

Grade

Grade

Total
point

point

point

CRH
hour

hour

hour

tive
1 Abebe 3 C 2 A 4 D

2 Gemechu 3 B 2 F 4 F

3 Helen 3 D 2 D 4 A

4 Derartu 3 A 2 B 4 C

5 Sara 3 F 2 C 4 B

Instruction
1. calculate grade points of each subject for each student
2. add the total credit hours and grade points for each student
3. calculate cumulative grade points for each student

By Tefera B 3
Rift Valley University, Summit Unit: Administrate
Financial Accounts
Lab Exercise

5. preparation of payroll

N name

allowance

deduction

deduction
o
Basic S.

Earning

Net pay
pension
Gross

Other
Time

Total
Over

tax
1 Abebe 5200 250 1500

2 Gemechu 4200 500 500

3 Helen 1550

4 Derartu 1900 300 800

5 Sara 1800

6 Yonas 4500 300

total
average

Instruction

1. calculate Gross earning, pension 6%, tax in the Ethiopian system, other deduction 4%, total
deduction and net pay
2. calculate total and average
N.B. Helen is contract worker

By Tefera B 4