Martin Lemieux Budget Analysis
Martin Lemieux is interested in using Microsoft Excel to create a personal home budget for himself. He has provided you with his information for six months so you can help him get started with his budget spreadsheet. He would like to see how much he spends each month and how much he spends for six months for each expense category. He also wants to know how much money he will have leftover if he takes a new job that generates more income.
Creating the spreadsheet
- Start Microsoft Excel, start a new Blank workbook and then type Martin’s Budget in cell A1.
- Save the spreadsheet as Tutorial-1_Last Name_Personal Budget.xlsx. (Replace “Last Name” with your last name.)
- In cell B2, type January, then use the fill handle to enter the months from February to June.
- Enter Total Expenses in cell H2.
- Starting in cell A3, enter the labels and values shown below, resizing column widths as needed.
- Select the range B4:B14, then use the fill handle to fill the remaining months with the same income and expenses (to column G). 7) As shown below, change the values in the yellow shaded cells. Please add the highlighting shown so that I can tell you made the correct changes.
- Set the width of column H to 60 pixels, then wrap the text in cell H2.
- Increase the height of row 1 to 24 points.
- Change the font size of cell A1 to 18 pt.
- In cell H4, use the SUM function to enter a formula that adds all the income for each of the six months.
- Use the fill handle to copy the SUM function to cells H5 through H14, and then delete the “0” in cell H5.
- In cell B15, use the SUM function to enter a formula that adds all the expenses for January (the range is B6:B14).
- Use the fill handle to copy the SUM function to cells C15 through H15.
- In cell G16, type Savings.
- In in cell H16, enter the formula to subtract the total expenses from the total income so you can determine how much money Martin has saved after six months.
- In cell A17, type Number of Expenses, widen the column, then in cell B17, use the COUNT function to count the number of expenses.
- Format the range A2:H17 with cell borders.
- Change the name of the current worksheet to January to June.
- Insert a new worksheet and call the worksheet July to December.
- Select the range A2:H17 in January to June worksheet, copy it (Hint: Click the Copy button in the Clipboard group on the Home tab), then paste it in cell A1 in the July to December worksheet (Hint: Click the Paste button in the Clipboard group on the Home tab).
- Use AutoFit to adjust the column widths.
- In the July to December worksheet, change the income in cell B3 to 4500, then copy it to cells C3:G3. Verify that the new Savings in cell H15 is 9270.
- Return to the January to June worksheet, and then change the orientation to Landscape.
- Scale the worksheet so that all the data fits on one page.
- Show all the formulas in the worksheet.27) Preview the worksheet and compare it to the screenshot shown below. Take a screenshot of the file (showing the highlights and the formulas) and save it in the same place as your excel file.
- Save your worksheet and submit it and the screenshot to your instructor.
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