Computer Applications for Business

Computer Applications for Business – Week 8 Assignment MS Excel: Budget Analysis Apply your creative thinking and problem-solving skills to design and implement a solution. NOTE: You will need to use

Week 8 Computer Assignment

Computer Applications for Business – Week 8 Assignment

MS Excel: Budget Analysis

Apply your creative thinking and problem-solving skills to design and implement a solution.

NOTE:  You will need to use file from the textbook for the assignment:  Lab 8-3 Budget Analysis

Household Budget Analysis
Income Jan Feb Mar Apr May Jun
Wages 1,430 1,430 1,430 1,430 1,430 1,430
Student Loan 2500 0 0 0 0 800
Savings 800 400 200 375 625 700
Total 4,730 1,830 1,630 1,805 2,055 2,930
Exenses
Rent 850 850 850 850 850 850
Food 425 425 425 425 425 425
Utilities 225 210 175 165 120 135
Phone 75 75 75 75 75 75
Insurance 165 165 165 165 165 165
Tuition 2,200 0 0 0 0 1100
Books 450 0 0 0 0 300
Travel 190 120 150 450 120 180
Clothing 150 100 75 145 60 150
Total 4,730 1,945 1,915 2,275 1,815 3,380
 
Cash Flow 0 -115 -285 -470 240 -450

Part 1:

The workbook provided shows household income and expenses. You will create charts to help analyze your budget.

1.    Open the workbook Lab 8-3 Budget Analysis provided and save as CS155Week8LastnameFirstname. Ensure that you use your lastname and firstname.

2.    In the budget analysis file change; wages, food, phone, and clothing data for each month. (Leaving these items the same will result in a deduction)

3.    Create a chart using the expenses from the budget.
4.    Create a second chart using the cash flow data from the budget.
5.    The following areas will be part of grading criteria:

         Changes to data asked for in Part 1

         Ensure the charts created display months and appropriate items from column A

         Create a chart from expenses data

         Move expense data chart to own sheet

         Rename new sheet with expense chart to descriptive title

         Create chart title for expense data chart

         Create a chart from cash flow data

         Move cash flow chart to own sheet

         Rename new sheet with cash flow chart to descriptive titles

         Create chart title for cash flow chart

         Save the file as CS155Week8LastnameFirstname. Ensure that you use your lastname and firstname

         Add a footer in left section of sheet named Budget with your name and GIDnumber

NOTE:  Charts not required to be pivot charts

 

Part 2:

In Part 1 you made choices about which type(s) of chart(s) to use to present budget data. What was the rationale behind those selections? How did the data in the Household Expenses pose a special challenge? How might you address that challenge?

         Answer Part 2 questions in comments or submission text area when submitting

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