BIS 155 iLab 6 (Week 5) Day Care Center (New)
This Tutorial was purchased 5 times & rated A by student like you.
This Tutorial contains following Attachments
 BIS 155 N iLab 6 (Week 5) Day Care Center (New).xlsx
Senario/Summary
Your friend, Adair Deske, is considering opening a day care center. She has started compiling her assumptions and putting together an Income Statement. She has determined that she must make at least $75,000 profit per year in order to start the business. She has asked you to analyze her Income Statement and help her determine whether it is viable for her to start this business. You have agreed to help her complete her Income Statement and to perform WhatIf analysis to help her look at her potential profitability.
When submitting the workbook to the Dropbox, provide a comment in the Dropbox comments area explaining what you learned from completing this iLab activity.
Lab Steps
STEP 1: Open Worksheet and Complete the Income Statement
Adair needs your help in completing her Income Statement. She has provided the basic assumptions, but you need to provide the calculations that will be used as you perform WhatIf analysis.
A. Open Week5_Lab6_Adair_Daycare_Student.xlsx. Notice that Adair has provided the basic assumptions concerning her costs and her revenue.
B. Complete the following calculations.
Revenue
• Total Revenue: Multiply tuition per day times number of days by number of children.
Variable expenses are those expenses that will depend on the number of children served each year. Jane has provided the assumptions. Define annual costs based on the cost per day multiplied by the number of children multiplied by the number of days.
• Food Expenses
• Supply Expenses
Teacher Cost: Create a VLOOKUP function to determine the annual teacher cost. The Lookup Value is the number of children. The Lookup Table is in cells E3:F7. The Index Column is the second column in the table. You want the closest match. Multiply the LOOKUP function times the annual teacher salary.
Total Variable expenses: This will be the SUM of all of the Variable Expenses (B17:B19).
Summary. Use formulas in these cells because you will wish to change the values in your assumption section to see how these changes impact the Net Income.
Total Revenue should refer to the Total Revenue cell (B14).
Total Expense is Variable Costs + Fixed Costs.
Net Income is Total Revenue  Total Expense
C. Rename the file according to the file naming conventions as shown at the top of this page. Your Income Statement should look like the one below, but it is important that you have created formulas rather than typing in amounts. As you perform WhatIf analysis, the formulas will be recalculated to show you the results of changing assumptions.Image Description
STEP 2: Analyze the Difference in Total Expenses and Net Income When You Vary the Number of Students
Adair desires to look at the differences in her net income depending on the number of children she cares for. Her house will accommodate no more than 15 children, and she believes she should have no less than six children. Because you are varying only one of your assumptions, you can develop a onevariable data table. A onevariable data table will allow you to see the impact of changing one variable—and see the results on multiple outputs.
A. Set up the Data Table to display number of children from 6 through 15. Add a descriptive title to the Data Table.
B. Show the Expenses and Net Income for each change in number of children.
C. Populate the Data Table using the Data tab, WhatIf analysis, Data Table tool.
D. Apply Conditional Formatting to Net Income that is above $75,000.
Your final Data Table should look something like this.
STEP 3: Analyze the Difference in Net Income When You Vary the Number of Students and the Charge Per Student
Adair also wishes to look at the impact on Net Income when she varies the number of students and the charge per student. Use a twovariable data table to analyze.
A. Set up the Data Table to display number of children as the row input (6–15) and charge per student (35–75 in $5 increments) as the column input.
NOTE: In a Data Table, the information in the top row of the table is called the row input and the information in the first column of the table is called the column input. We usually think of the top row in Excel as a column header and the labels in the first column as row labels, so this may seem a bit confusing. Just remember, in a Data Table, the top row is row input; first column is column input.
B. Enter Net Income in the result cell, and format this cell to display no data.
C. Add a descriptive heading.
D. Create the data table and apply conditional formatting to Net Income values over $75,000.
Your Data Table will look something like this.
STEP 4: Create Scenarios and a Scenario Summary
Adair wants to look at three scenarios. Be sure to save each scenario with a unique name, and place the name of the scenario on the sheet, so that when the scenario changes, the name on the sheet changes to match the scenario.
Scenario Teacher Salary Supplies Number Tuition
1. Economy 15,000 25 15 35
2. Midrange 26,000 60 8 50
3. High 38,000 100 6 100
She wants to see the Net Income that would be achieved in each Scenario and compare this to her original assumptions.
A. Name the cells that will be used in the Scenario.
B. Create the three Scenarios.
C. Create a Scenario Summary.
D. Move the Scenario Summary to the end of the workbook.
STEP 5: Create a Documentation Sheet and Provide a Recommendation
A. Add a documentation sheet to the beginning of the workbook. Include Author, date Created, Last Modified, and Contents sections.
B. Provide a recommendation to Adair.
C. Format the documentation sheet to match the look and feel of the other sheets in the workbook.
D. Add a graphic to the documentation sheet.
Submit your completed workbook to the Dropbox. Make sure you post a comment about what you learned when submitting the file.
IMPORTANT: There are two iLabs this week, and there is a separate Dropbox basket for each one. Be sure to submit your work for this iLab to the Dropbox basket labeled Week 5: iLab 6.
Write a review
Order IdOrder Id will be kept Confidential
Your Name:
Your Review:
Rating: A B C D F
Enter the code in the box below:
This Tutorial was purchased 36 times & rated A+ by student like you.
WE HAVE A NEW WEEK 5 LAB (UPDATED JUNE 2016) WHICH COULD BE FOUND ON THIS LINK
http://www.bis155.com/product55BIS155iLab8(Week7)Descriptivestatistics,formatting,graphs,andregressionanalysis
Hopefully you will find this week's lab activity fun and useful..

This Tutorial was purchased 17 times & rated A+ by student like you.
WE HAVE A NEW WEEK 5 iLAB 6 (UPDATED JUNE 2016) WHICH COULD BE FOUND ON THIS LINK
http://www.bis155.com/product57BIS155iLab6(Week5)DayCareCenter(New)
Your friend, Jane Morales, is considering opening a Day Care Center. She has started compiling her assumpt..

This Tutorial was purchased 14 times & rated No rating by student like you.
WE HAVE A NEW WEEK 5 LAB (UPDATED JUNE 2016) WHICH COULD BE FOUND ON THIS LINK
http://www.bis155.com/product58BIS155iLab5:Carina'sPizzaAnalysis(New)
The owner of Bruno's Pizza, Joe Bruno, wants to evaluate the profitability of his three restaurants before he..

This Tutorial was purchased 28 times & rated A+ by student like you.
WE HAVE A NEW WEEK 4 LAB (UPDATED JUNE 2016) WHICH COULD BE FOUND ON THIS LINK
http://www.bis155.com/product59BIS155iLab4StudentEducationTrustCreateAddressLabels(New)
Create labels for the letters. The XYZ Corporation wishes to use
mailing labels to add..

This Tutorial was purchased 10 times & rated A+ by student like you.
WE HAVE A NEW WEEK 3 LAB (UPDATED JUNE 2016) WHICH COULD BE FOUND ON THIS LINK
http://www.bis155.com/product60BIS155iLab3:LukeLibertyRealty(New)
Lab 3 of 7: Alice Barr Realty Analysis
You are an intern with the Regional Realty Association and are
analy..

This Tutorial was purchased 19 times & rated A by student like you.
WE HAVE A NEW WEEK 2 LAB (UPDATED JUNE 2016) WHICH COULD BE FOUND ON THIS LINK
http://www.bis155.com/product61BIS155iLab2:FirstNationalBank(New)
BIS 155 Lab 2 of 7: Excel’s Advanced Formulas & Functions
You are an intern at First National Bank workin..

This Tutorial was purchased 11 times & rated A+ by student like you.
WE HAVE A NEW WEEK 1 LAB (UPDATED JUNE 2016) WHICH COULD BE FOUND ON THIS LINK
http://www.bis155.com/product62BIS155iLab1UpperSaddleRiverMarchingBand(New)
Lab 1 of 7: Saddle River Marching Band (50 Points)
Submit your assignment to the Dropbox located ..

This Tutorial was purchased 9 times & rated A by student like you.
Week 5 Quiz
(TCO 5) When multiple worksheets are selected, the word ________ appears in the title bar. (Points : 2)
(TCO 5) In Excel, which of the following would you perform to group adjacent worksheets? (Points : 2)
(TCO 5) When two windows of the same workbook are opened, E..

This Tutorial was purchased 2 times & rated No rating by student like you.
Week 4 Quiz
(TCO 8) Which of the following is one of the most common file types imported into Excel? (Points : 2)
(TCO 8) Which of the following is NOT a text file? (Points : 2)
(TCO 8) Which of the following is NOT a method for refreshing data? (Points : 2..

This Tutorial was purchased 6 times & rated A by student like you.
Week 3 Quiz
(TCO 4) If there are certain columns of information that are not needed at a particular time but might be needed later,_ the unneeded columns to allow users to focus on only the essential information. (Points:2)
(TCO 4) In Excel, the print area is defined as _____...

This Tutorial was purchased 4 times & rated No rating by student like you.
Week 2 Quiz
(TCO 2) An absolute cell reference: (Points : 2)
(TCO 2) Which of the following best describes a circular reference? (Points: 2)
(TCO 2) =$E2G$4 contains examples of _____ cell references. (Points: 2)
(TCO 2) In Excel, an Argument wo..

This Tutorial was purchased 3 times & rated A by student like you.
Week 1 Quiz
(TCO 1) Which of the following describes the function of the Formula Bar (as it applies to Excel 2010)? (Points : 2)
(TCO 1) Which of the following best describes a cell address? (Points : 2)
(TCO 1) If yo..

This Tutorial was purchased 62 times & rated A+ by student like you.
Objective
The general instructions for this project can be found in the Week 6 Lecture material. The Week 6 Lecture describes the assignment and provides an overview of the project as a whole. There are no stepbysteps for the course project. The following are grading criteria for this proje..

This Tutorial was purchased 51 times & rated A+ by student like you.
(TCO 1) You work for a local construction firm, "DeVry Engineering Group" and your supervisor wants to test your knowledge and skills with Microsoft Excel and has instructed you to develop a spreadsheet to calculate weekly payroll for “15” employees with the following assumptions:....... (Poi..

This Tutorial was purchased 20 times & rated A by student like you.
BIS 155 Course Project Excel Project
BIS 155 Lab 1 of 7: Saddle River Marching Band
BIS 155 iLab 1 Upper Saddle River Marching Band (New)
BIS 155 Lab 2 of 7: Excel's Advanced Formulas & Functions
BIS 155 iLab 2: First National Bank (New)
BIS 155 Lab 3 of 7: Alice Barr Real..

This Tutorial was purchased 5 times & rated No rating by student like you.
Question 1. Question : (TCO 5) The tabs of grouped worksheets are displayed with a _____ background.
gray
yellow
blue
white
Question 2. Question : ..

This Tutorial was purchased 5 times & rated A by student like you.
Question 1. Question : (TCO 8) Which of the following is one of the most common file types imported into Excel?
Text
PowerPoint
Web
Word
Question 2. Question : ..

This Tutorial was purchased 2 times & rated A+ by student like you.
Question 1. Question : (TCO 4) If there are certain columns of information that are not needed at a particular time but might be needed later, _____ the unneeded columns to allow users to focus on only the essential informati..

This Tutorial was purchased 6 times & rated A by student like you.
Question 1. Question : (TCO 2) In Excel, a relative cell reference
indicates a cell's specific location and the reference does not change when you copy the formula.
contains both an absolute and a relative cell refere..

This Tutorial was purchased 4 times & rated No rating by student like you.
Question 1. Question : (TCO 1) An Input Area (as it applies to Excel 2013) is defined as_____.
a range of cells containing results based on the output area
displays the name of a worksheet within a workbo..

This Tutorial was purchased 5 times & rated A by student like you.
BIS 155 Week 1 DQ Getting Familiar With Excel
BIS 155 Week 2 DQ Formulas and Functions
BIS 155 Week 3 DQ Data Analysis Tools
BIS 155 Week 4 DQ Excel Data Exchange
BIS 155 Week 5 DQ Data Consolidation and WhatIf Analysis
BIS 155 Week 6 DQ Bringing It All Together
BIS 155 W..

This Tutorial was purchased 3 times & rated No rating by student like you.
More than 100 years ago, H.G. Wells commented that "statistical thinking will one day be as necessary as the ability to read and write." If you were to google "statistics for managers", you will see a list of all sorts of books on this topic, followed by thousands of articles and resources.
P..

This Tutorial was purchased 7 times & rated No rating by student like you.
This week will be an opportunity to share ideas and approaches to the Excel course project due this week.
What are some spreadsheet features you will use to make your spreadsheet professional, readable, reliable, and repeatable?
This is an opportunity to show your creativity ..

This Tutorial was purchased 9 times & rated No rating by student like you.
Discuss and compare the group summations and WhatIf analysis (Consolidation) Excel tools. You may need to look up (research) the group summations.
Under what circumstances would you use each of these features? Do they both serve the same purpose, or is each one used under different sce..

This Tutorial was purchased 5 times & rated A by student like you.
Excel 2013 provides the capability to exchange data with other applications. Discuss the different types of ways to exchange data between Excel and other Microsoft applications.
Are there limitations to the exchange process? Think of some specific examples.
How can you exchange data..

This Tutorial was purchased 3 times & rated No rating by student like you.
Excel provides many different ways in which to analyze data. Discuss the different methods by which you can analyze data in your spreadsheet. That is, try an Internet search for "data analysis with excel" or use some of the methods you learned in this week's lesson. P.S. Please don't use the ..

This Tutorial was purchased 5 times & rated A by student like you.
One of the benefits of Excel is the ability to use formulas and functions.
Discuss the differences between formulas and functions. Pick a function in Excel and discuss how that function is used to calculate results in your worksheets. Review your classmates posts to make sure that you're not ..

This Tutorial was purchased 5 times & rated No rating by student like you.
Excel was introduced in 1985. Since then, it has become a standard business tool.
Discuss and explain at least six different (unique) features of Excel that make it a valuable business tool.
Discuss what type of Excel skills would be important in today’s job market and why. Be speci..

This Tutorial was purchased 7 times & rated A+ by student like you.
Complete the tasks below using Microsoft Excel. You may refer to your notes, the textbook, or other resources such as the Web You may not get interactive help from any other person, either in person or via email, text messaging, instant messaging, or other communications channels. I strongly reco..

This Tutorial was purchased 21 times & rated A by student like you.
BIS155 Practical Final Exam Instructions 1 for Cool Clocks, Inc. (v2)
Complete the tasks below using Microsoft Excel. You may refer to your notes, the textbook, or other resources (for example, you may search the Web for information). You may not get interactive help from an..

This Tutorial was purchased 25 times & rated No rating by student like you.
Scenario/Summary
Hopefully you will find this week's iLab activity fun and useful. We'll be exploring the world of statistics from a business perspective this week, allowing you to practice your skills with descriptive statistics, formatting, graphs, and regression analysis.
As discussed ..

This Tutorial was purchased 12 times & rated A+ by student like you.
Scenario/Summary
The purpose of this exercise is to use the Excel skills you have acquired thus far, and apply them to an analysis of a business scenario, of your choice. This will consist of preparing the groundwork in Excel (importing data, preparing the analysis using tables, charts, graph..

This Tutorial was purchased 5 times & rated A by student like you.
Senario/Summary
Your friend, Adair Deske, is considering opening a day care center. She has started compiling her assumptions and putting together an Income Statement. She has determined that she must make at least $75,000 profit per year in order to start the business. She has asked you to a..

This Tutorial was purchased 12 times & rated No rating by student like you.
The owner of Carina's Pizza, wants to evaluate the profitability of the three restaurants before expanding further. They are particularly interested in the comparative results of three dining categories, dinein, pickup, and delivery. Carina has asked for your help in doing this analysis in retur..

This Tutorial was purchased 11 times & rated No rating by student like you.
You work with the Student Education Trust, which allows you to demonstrate your expertise with Excel. The trust is sponsoring an auction, and you have received a list of all donors who have contributed to this auction. The list was pulled from their database as a commaseparated text file. You ha..

This Tutorial was purchased 8 times & rated A by student like you.
You are an intern with the Regional Realty Association and are analyzing the claim made by Luke Liberty Realty that "we get your price." You have prepared a spreadsheet that shows data relating to 3 months' sales by Luke Liberty Realty. You are going to determine the percent of asking price for e..

This Tutorial was purchased 4 times & rated A by student like you.
Scenario/Summary
You are an intern at First National Bank working in the loan department, and your boss has asked you to prepare the monthly "New Loan Report" for the Board of Directors. This analysis report will clearly list and summarize all new loans for residential housing in the past mon..

This Tutorial was purchased 6 times & rated A+ by student like you.
Scenario/Summary
You are the assistant to the band director for the Upper Saddle River Marching Band, and you must prepare a report showing the status of the marching band fundraising event for presentation to the board of trustees. The report will summarize all sales of all items and include..
