Please provided step by step instructions how to do each one with photos please. Thanks!...

50.1K

Verified Solution

Question

Finance

Please provided step by step instructions how to do each one with photos please. Thanks!

image

image

Your goal is to track new customers at Jim's Deluxe Gym and Spa. You will use the Customers worksheet to track the revenue generated from customers of the business. Steps to Perform: Step Instructions Points Possible 1 Open the worksheet Customers 2 4 Insert a vlookup function in cell C5 to display the basic annual membership cost for the first client. 3 Insert a function in cell B2 to display the current date. 2 4 4 Use an IF function in cell E5 to calculate the annual total amount, which is the sum of the basic cost and locker fees for those who rent a locker. For people who do not rent a locker, the annual cost is only the cost shown in column C. 5 2 In cell G5, enter a formula to calculate the total amount due for the first client based on the annual total and the number of years in the contract. Copy the three formulas in columns C, G, and E down their respective columns. 6 4 Insert a vlookup function in cell H5 to display the amount of down payment for the first client based on the membership type. 7 2 Insert a formula in cell 15 to calculate the balance due on the membership. Copy the formulas in columns H and I for the rest of the clients. 8 4 Use a financial function in cell J5 to calculate the first client's monthly payment, using appropriate relative and absolute cell references. Copy the formula down the column. 9 5 Calculate totals for Annual Total, Total Due, Down Payment, Balance, and Monthly Payment on row 14. 10 5 Insert the appropriate functions in the Summary Statistics section of the worksheet: cells H18:H22. Format the payments with Accounting number format. 11 1 Format the other column headings on rows 4 and 17 to match the fill color in the range E17:H17. Wrap text for the column headings. 22 fx Median Monthly Payment A B D E F G J K Jim's Deluxe Gym and Spa Date Prepared: Client Cost Locker Annual Total Years Total Due Down Payment Balance Monthly Payment Ivans 3 Andrews Baker Gardner 2 Membership Individual Family Deluxe Individual Family Deluxe No Yes No 1 Yes 2 Yes 3 Dudley Evans No Foust Individual Yes WNW Hart Individual No Deluxe No Carter Totals Membership Deluxe Family Individual $ $ $ Cost own Payment 625 $ 300 1,800 $ 800 275 $ 225 Summary Statistics Number of New Members Lowest Monthly Payment Average Monthly Payment Maximum Monthly Payment Median Monthly Payment $ Locker Fee Interest Rate Months Per Year 125 4.25% 12 Your goal is to track new customers at Jim's Deluxe Gym and Spa. You will use the Customers worksheet to track the revenue generated from customers of the business. Steps to Perform: Step Instructions Points Possible 1 Open the worksheet Customers 2 4 Insert a vlookup function in cell C5 to display the basic annual membership cost for the first client. 3 Insert a function in cell B2 to display the current date. 2 4 4 Use an IF function in cell E5 to calculate the annual total amount, which is the sum of the basic cost and locker fees for those who rent a locker. For people who do not rent a locker, the annual cost is only the cost shown in column C. 5 2 In cell G5, enter a formula to calculate the total amount due for the first client based on the annual total and the number of years in the contract. Copy the three formulas in columns C, G, and E down their respective columns. 6 4 Insert a vlookup function in cell H5 to display the amount of down payment for the first client based on the membership type. 7 2 Insert a formula in cell 15 to calculate the balance due on the membership. Copy the formulas in columns H and I for the rest of the clients. 8 4 Use a financial function in cell J5 to calculate the first client's monthly payment, using appropriate relative and absolute cell references. Copy the formula down the column. 9 5 Calculate totals for Annual Total, Total Due, Down Payment, Balance, and Monthly Payment on row 14. 10 5 Insert the appropriate functions in the Summary Statistics section of the worksheet: cells H18:H22. Format the payments with Accounting number format. 11 1 Format the other column headings on rows 4 and 17 to match the fill color in the range E17:H17. Wrap text for the column headings. 22 fx Median Monthly Payment A B D E F G J K Jim's Deluxe Gym and Spa Date Prepared: Client Cost Locker Annual Total Years Total Due Down Payment Balance Monthly Payment Ivans 3 Andrews Baker Gardner 2 Membership Individual Family Deluxe Individual Family Deluxe No Yes No 1 Yes 2 Yes 3 Dudley Evans No Foust Individual Yes WNW Hart Individual No Deluxe No Carter Totals Membership Deluxe Family Individual $ $ $ Cost own Payment 625 $ 300 1,800 $ 800 275 $ 225 Summary Statistics Number of New Members Lowest Monthly Payment Average Monthly Payment Maximum Monthly Payment Median Monthly Payment $ Locker Fee Interest Rate Months Per Year 125 4.25% 12

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students