C268 Spreadsheets Practice Test GUARANTEED PASS !!

C268 Spreadsheets Practice Test
GUARANTEED PASS!!
In the "Input Analysis" section of the spreadsheet model, calculate the average attendance and
sales for each type of product from the past events listed in the "Past Events" worksheet. -
(ANSWER)=AVERAGE('Past Events'!C4:C103) for each column

In the "Input Analysis" section of the spreadsheet model, calculate the sample standard deviation
for attendance and sales for each type of product from the past events listed on the "Past Events"
worksheet. (Note for Excel 2007 users: Excel 2007 does not support a specific function to
calculate sample standard deviations. Use the STDEV function instead.) -
(ANSWER)=STDEV.S('Past Events'!C4:C103) for each column

In the "Input Analysis" section of the spreadsheet model, calculate the 95% confidence interval
for the sales for each type of product. (You will not calculate a confidence interval for
attendance.) Use the number of events (calculated in cell I3) as part of your calculations. (Note to
Excel 2007 users: the CONFIDENCE.NORM function is not supported in Excel 2007. Use the
CONFIDENCE function instead.) - (ANSWER)=CONFIDENCE.NORM(0.05,J7,$I$3)

In the "Input Analysis" section of the spreadsheet model, calculate the correlations between the
sales of each type of product and event attendance. Use appropriate ranges from the "Past Event"
worksheet for your calculations. - (ANSWER)=CORREL('Past Events'!$C$4:$C$103,'Past
Events'!D4:D103)

The sales for which product type are most highly correlated with attendance? Select the correct
answer from the drop-down list in cell L32. - (ANSWER)Food (highest correlation number)

In the "Input Analysis" section of the spreadsheet model, calculate a sales forecast for each type
of product if expected attendance at the future event is 18000 people. Reference cell I13 (the
attendance forecast) for your calculations. - (ANSWER)=FORECAST($I$13,'Past
Events'!D4:D103,'Past Events'!$C$4:$C$103)

In the "Input Analysis" section of the spreadsheet model, calculate the upper limit for your sales
forecast for each type of product if expected attendance at the future event is 18000 people.
Reference the confidence interval you created for your calculation. - (ANSWER)=I16+J8
(sales forecast + 95% confidence interval)

In the "Input Analysis" section of the spreadsheet model, calculate the lower limit for your sales
forecast for each type of product if expected attendance at the future event is 18000 people.
Reference the confidence interval you created for your calculation. - (ANSWER)=I16-J8
(sales forecast - 95% confidence interval)

How likely is it that food sales would exceed $220,000 if attendance is 18,000 people? Select the
correct answer from the drop-down list in cell L35. - (ANSWER)<5% chance

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, In the "Event Profitability Analysis" section of the model, enter the projected sales for each
product type for this event by referencing your sales forecast from the "Input Analysis" section
of the model. - (ANSWER)=I16 (calculated previously)

Calculate the cost of goods sold (COGS) for each product. The COGS is calculated as the sales
for each product type times the COGS percentage from the "Model Inputs" section of the model
for that product type. - (ANSWER)=C15*C4 (gross profit * COGS %)

Calculate the gross profit for each product. The gross profit is calculated as the sales minus the
COGS for each product. - (ANSWER)=C15-C16

Which product generates the largest gross profit? Select the correct answer from the drop-down
list in cell L38. - (ANSWER)Merchandise (line 17)

Calculate the commissions paid for each product type. The commissions paid are calculated as
the expected sales for each product type times the commission percentage from the "Model
Inputs" section of the model. - (ANSWER)=C15*C5 (sales & commission %)

Enter the fixed costs in the model. Reference the appropriate amount for each product type in the
"Model Inputs" section. - (ANSWER)=C6 (already referenced)

Calculate the total operating expenses for each product type. This is the sum of salary expenses
(yet to be calculated), commissions, and the fixed costs for each product type. -
(ANSWER)=SUM(C21:C23)

Calculate the profit before the arena fee for each product type. This is the gross profit minus the
total operating expenses for each type of product, including the salary expenses (yet to be
calculated). - (ANSWER)=C17-C24

Calculate the number of employees that are needed to work the event for each type of product.
This is calculated as the profit before the arena fee for each type of product, times the employees
(% of expected profit) for each product type from the "Model Inputs" section of the worksheet.
Because you cannot hire a fraction of an employee, round your calculations up to the next whole
number. - (ANSWER)=ROUNDUP(C26*C7,0)

(profit before arena * employees, 0 <- no decimals)

Which product will require the fewest employees? Select the correct answer from the drop-down
list in cell L40. - (ANSWER)row 28 (lowest amount)

Calculate the salary expenses for each product type. This is calculated as the number of
employees needed for each product type times the salary (per employee) in the "Model Inputs"
section. (Employees make the same salary despite the product type.) This will create a circular
reference in your worksheet. You will need to change the options in Excel to appropriately
account for the circular reference. - (ANSWER)=C28*$C$8

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