2023 Excel Assignment 1 1 Create a projected profits worksheet using the template available in D2L under the content tab | Assignment Collections

Excel Assignment 1

1.

Create a projected profits worksheet using the template available in D2L under the content tab entitled Excel 

Assignment 1 Template.

2.

Bold all text in column A.

3.

Under the Assumptions

table enter:

10% for Gross Sales Increase

5% for Wages Increase

5% for Cost of Goods 

2% for Advertising Increase

in column B next to each category and format as percent with 1 decimal place.

4.

This projected profits worksheet 

covers a 

5 year

period

so 

in

cell C10 enter the year 2021.

Then

copy cells B10 

and C10 to cells

D10, E10, and F10 respectively.

Used what you learned in the Excel tutorials so you end up with 

the years 2020 

–

2024 as column headings in row 10.

5.

In cell B15, calculate Total Income (use the sum function).

F

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r

m

a

t

a

s

c

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n

c

y

w

i

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2

d

e

c

i

m

a

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p

l

a

c

e

s

6.

In cell B24, calculate Total Expenses (use the sum function).

Format as currency with 2 decimal places

7.

In cell B26 calculate Net profit which is Total income minus Total expenses.

Format as currency with 2 decima

l 

places

8.

Gross Sales are predicted to increase by 10% per year for the next 4 year

s

.

In cell C12

c

alculate projected Gross 

Sales

.

Use absolute cell referencing and the percentage Gross Sales Increase from the Assumptions Table to 

calculate the project

ed Gross Sales for 2022.  Do not use the actual percentage (10

%

)

in the formula.  Instead 

use the cell address where the Gross Sales Increase is stored in the table.  

T

hen copy the formula to the 

remaining year columns.

Adjust column widths as necessary to properly display data.

9.

Sales incentives are not expected to increase so just copy the 5,000 in

cell B13 to the remaining year

columns

.

10

.

Similar to what you did in #8 above, calculate projected Wages, Cost of Goods Sold, and Advertising for the years 

2021, 2022, 2023, and 2024.  

Format as number with commas and 2 decimal points.

Use absolute cell 

referencing and percent increase 

from the Assumptions Table.

11.

Rent and Supplies are not expected to increase so just copy to 2020 numbers to the remaining year columns.

1

2

.

Copy the formulas for Total Income, Total Expenses, and Net Profit to the columns for the years 2021, 2022, 

202

3, and 2024.  

Format as currency with 2 decimal places.

1

3

.

Create a line chart that graphs Total Income, Total Expenses, and Net Profit for the years 2020 

–

2024.

Place the 

chart just below the Net Profit row.  

Add a chart title “Projected Profits” and make sure the legend correctly 

identifies

the chart lines as Total Income, Total Expenses, and Net Profit.

1

4

.

Put your name 

at the top of the spreadsheet

.

1

5

.

Save the file with your last name and first name as the file name.  Using the name John Smith as an example, the 

Excel file name would 

be SmithJohn.xlsx.  

Upload your Excel file to the 

D2L 

Dropbox for Excel assignment 1 by 

the due date listed in your calendar and the dropbox