Before beginning this assignment, you should thoroughly review Excel Worksheets, Charts, Formulas, Functions, and Tables from your course textbook, Go! All in one: Computer concepts and applications . For this assignment you will use Microsoft Excel to develop a worksheet that details your personal expenses in at least four categories from the last three months. Some of these expense categories might include, but are not limited to, Mortgage, Rent, Utilities, Phone, Food, Entertainment, Tuition, Childcare, Clothing, and Insurance. (These numbers may be fictitious.) Part 1: The Spreadsheet Begin by opening a new Microsoft Excel file. (You may use the template found here .) Save it as LastnameFirstInitial_M3_A2 Use Rows 1 and 2 for a title. Beginning in row 4, use column A to list your different expenses. Label the next three columns (B, C, D) for the past three months. Fill in the appropriate amount for each expense for each month. Beside the column with your third month’s entries, create another column for totals for each category. Use a formula to calculate a total for each category of expense.  In the row below your last expense entry, create another row for the monthly totals of expenses. Use a formula to calculate a total for each month of expenses. Beside the column add another column for calculating the percent of the budget for each expense category. Use a formula to calculate the percent that each expense category is of the total expenditures. Format the worksheet by adjusting column widths and wrapping text, and by applying appropriate financial number formatting and cell styles.  Please Note: While some calculations might be easy to do in your head or using a calculator—merely typing the answer into the appropriate cell—the point of this assignment is to get you accustomed to using formulas. In situations requiring frequently updated data or more complex calculations, Excel is a very powerful tool if you know how to use it. Your grade is based on your demonstrated ability to use the required formulas. Part 2: The Chart Below your table of monthly expenses, you will create a chart using the numbers from your spreadsheet similar to the example below.  Open the Insert ribbon at the top of the screen. Click on a populated cell inside your spreadsheet, then, click on Column on the Insert ribbon. Select the style of column chart you like.  Click and drag your column chart into position below your spreadsheet. Save your file as LastnameFirstinitial_M3_A2.xls . Submit this document to the Submissions Area by the due date assigned . Suggested challenge for intermediate users: Add a row or rows detailing your income and subtract the total expenditures from the total income. Suggested challenge for advanced users: Use a formula, function, or combination of both to show your net gain or loss (income minus expenses summed over time) for the three-month period. Assignment 2 Grading Crit ...

1. Before beginning this assignment, you should thoroughly review
Excel Worksheets, Charts, Formulas, Functions, and Tables
from your course textbook,
Go! All in one: Computer concepts and applications
.
For this assignment you will use Microsoft Excel to develop a
worksheet that details your personal expenses in at least four
categories from the last three months. Some of these expense
categories might include, but are not limited to, Mortgage, Rent,
Utilities, Phone, Food, Entertainment, Tuition, Childcare,
Clothing, and Insurance. (These numbers may be fictitious.)
Part 1: The Spreadsheet
Begin by opening a new Microsoft Excel file. (You may use the
template found
here
.)
Save it as
LastnameFirstInitial_M3_A2
Use Rows 1 and 2 for a title.
Beginning in row 4, use column A to list your different
expenses.
Label the next three columns (B, C, D) for the past three
months.
Fill in the appropriate amount for each expense for each month.

2. Beside the column with your third month’s entries, create
another column for totals for each category.
Use a formula to calculate a total for each category of expense.
In the row below your last expense entry, create another row for
the monthly totals of expenses.
Use a formula to calculate a total for each month of expenses.
Beside the column add another column for calculating the
percent of the budget for each expense category.
Use a formula to calculate the percent that each expense
category is of the total expenditures.
Format the worksheet by adjusting column widths and wrapping
text, and by applying appropriate financial number formatting
and cell styles.
Please Note:
While some calculations might be easy to do in your head or
using a calculator—merely typing the answer into the
appropriate cell—the point of this assignment is to get you
accustomed to using formulas. In situations requiring frequently
updated data or more complex calculations, Excel is a very

3. powerful tool if you know how to use it. Your grade is based on
your demonstrated ability to use the required formulas.
Part 2: The Chart
Below your table of monthly expenses, you will create a chart
using the numbers from your spreadsheet similar to the example
below.
Open the Insert ribbon at the top of the screen.
Click on a populated cell inside your spreadsheet, then, click on
Column on the Insert ribbon. Select the style of column chart
you like.
Click and drag your column chart into position below your
spreadsheet.
Save your file as
LastnameFirstinitial_M3_A2.xls
. Submit this document to the
Submissions Area
by the due date assigned
.
Suggested challenge for intermediate users: Add a row or rows
detailing your income and subtract the total expenditures from
the total income.
Suggested challenge for advanced users: Use a formula,

4. function, or combination of both to show your net gain or loss
(income minus expenses summed over time) for the three-month
period.
Assignment 2 Grading Criteria
Maximum Points
Submitted an .xls file with a spreadsheet labeled and populated
according to the directions..20Included calculated totals for
each month and each category.40Included formulas to calculate
each expense category's percentage of the total
expenditures.40ormatted the worksheet by adjusting column
widths and wrapping text, and by applying
appropriate financial number formatting and cell
styles.20Included a column or bar graph comparing expenses for
each month.40Accurately portrayed numbers from the expenses
spreadsheet in the chart.20Formatted the chart for visual
appeal.20
Total:100
CriteriaMaximum PointsGR1 Submitted an .xls file with a
spreadsheet labeled and populated according to the
directions.20 points
GR2 Included calculated totals for each month and each
category.40 points
GR3 Included formulas to calculate each expense category's
percentage of the total expenditures.40 points
GR4 ormatted the worksheet by adjusting column widths and

5. wrapping text, and by applying appropriate financial number
formatting and cell styles.20 points
GR5 Included a column or bar graph comparing expenses for
each month.40 points
GR6 Accurately portrayed numbers from the expenses
spreadsheet in the chart.20 points
GR7 Formatted the chart for visual appeal.20 points
Overall ScoreTotal Score
0 or more