1. Orders
Warranty Types
Inventory

2. Question 1 Write an Excel formula in cell Orders
Question 1 Write an Excel formula in cell Orders!D2, which can be copied down the column, to determine the corresponding computer name based on the product number in the Inventory worksheet. If the product number does not exist in the inventory, display the word, “INVALID”.
VLOOKUP(Product #,List,Column number,Exact Match)
=IFERROR(VLOOKUP(C2,Inventory!A$3:B$14,2,FALSE), "INVALID")

3. Question 2 Write an Excel formula in cell Orders
Question 2 Write an Excel formula in cell Orders!G2, which can be copied down the column, to determine the corresponding computer cost based on the product number in the Inventory worksheet. (Assume all clients will purchase the computer and the associated upgrades.) If the product number does not exist in the inventory, display the word, “INVALID”.
=IFERROR(VLOOKUP(C2,Inventory!A$3:C$14,3,FALSE) + VLOOKUP(C2,Inventory!A$3:D$14,4,FALSE),"INVALID") OR
=IF(D2="INVALID","INVALID",
(VLOOKUP(C2,Inventory!A$3:C$14,3,FALSE)+
VLOOKUP(C2,Inventory!A$3:D$14,4,FALSE)))

4. Question 3 Write an Excel formula in cell Orders
Question 3 Write an Excel formula in cell Orders!H2, which can be copied down the column, to determine the warranty cost of the computer based on the warranty type (if chosen) and the cost of the computer. If the product number does not exist in the inventory, display a 0 in the cell. (Use the named range Warranty in your formula.) Note: If the customer chooses to purchase a warranty, they can only select one of the options.
=IFERROR(IF(E2,HLOOKUP(G2,Warranty,2,TRUE), IF(F2,HLOOKUP(G2,Warranty,3,TRUE),0)),0) Instead of using IFERROR you can check for the word INVALID in cells Orders!D2 or Orders!G2.

5. True
=IF(Customer purchased the extended warranty, display the extended warranty cost,
IF(Customer purchased the extended 3 year warranty & accidental,
display extended 3 year warranty & accidental cost”,
Display 0))
“Never”)))
False
True
False

6. Question 4 Write an Excel formula in cell Orders
Question 4 Write an Excel formula in cell Orders!I2, which can be copied down the column, to determine the total cost of the purchase. (Total Computer Cost + Warranty)
=SUM(G2:H2)

7. Trips
Comm
Pricing

8. Question 1 Write an Excel formula in cell Trips
Question 1 Write an Excel formula in cell Trips!I3, which can be copied down the column, to determine the retail price of the trip. The retail price is based on the wholesale price, the mark up, the agent’s commission, and the number of people going on the trip.
=(C3+VLOOKUP(C3,MarkUp,2,TRUE)+HLOOKUP(F3, Commission,IF(D3,2,3),FALSE)*C3)*H3

9. Question 2 Write an Excel formula in cell Trips
Question 2 Write an Excel formula in cell Trips!J3, which can be copied down the column, to determine the cost of the ground transportation for the corresponding trip.
=VLOOKUP(B3,Pricing!E$3:H$10, IF(Trips!G3=Pricing!F$2,2,IF(G3=Pricing!G$2,3,4)),FALSE)

10. =IF(OR(E3="A",E3="B"), HLOOKUP(F3,Pricing!A$9:C$10,2,FALSE)*C3,0)
Question 3 Write an Excel formula in cell Trips!K3, which can be copied down the column, to calculate the trip discount for the corresponding trip (if any).
=IF(OR(E3="A",E3="B"), HLOOKUP(F3,Pricing!A$9:C$10,2,FALSE)*C3,0)

11. Question 4 Write an Excel formula in cell Trips
Question 4 Write an Excel formula in cell Trips!L3, which can be copied down the column, to determine the total cost of corresponding trip.
=SUM(I3:J3)-K3

12. Above is a spreadsheet analyzing several possible car financing options for purchasing the respective vehicle. For each of the different car scenarios, you will be asked to calculate either the loan payment, selling price, loan duration, interest rate, future value, or present value. You should assume the loan will be paid off in all the scenarios. (FV=0). Use cell references wherever possible.

13. Question 1 Based on the values in row 3, write an Excel formula in cell H3 to determine the monthly payment of the Ford Taurus.
=PMT(C3/G3,F3*G3,E3,I3,0)
Note: The final argument can be omitted as the default value of this argument is 0.

14. Question 2 Based on the values in row 4, write an Excel formula in cell F4 to determine how many years it will take to pay off the loan for the Thunderbird.
=NPER(C4/G4,H4,E4,I4)/G4
Note: The final argument can be omitted as the default value of this argument is 0.

15. Question 3 Based on the values in row 5, write an Excel formula in cell C5 to calculate the annual percentage rate of the loan for the Ford Windstar.
=RATE(F5*G5,H5,E5,I5)*G5
Note: The final argument can be omitted as the default value of this argument is 0.

16. Question 4 The salesman has told you that for only $320 a month and no money down you can own a Ford Mustang. The salesman, however, failed to mention the actual selling price of the vehicle. Write an Excel formula in cell E6 to calculate the selling price of this vehicle.
=PV(C6/G6,F6*G6,H6,I6)
Note: The final argument can be omitted as the default value of this argument is 0.

17. Question 5 Your great uncle Zeus has died unexpectedly and left you a bank CD in his will. The CD was purchased 10 years ago for $12,000 and pays 6% per year compounded annually. Write a formula in cell J3, which can be copied down the column, to determine (True/False) if you have enough money to purchase the corresponding car without any financing.
=FV(0.06,10,0,-12000)>=B3