Amir also needs to calculate the commissions paid each month. If the company earns $275,000 or more in a month, the commission is 26% of the sales. If the company earns less than $275,000 in a month, the commission is 17% of the sales. Calculate the commissions as follows: a. b. C. d. In cell B16, enter a formula that uses the IF function and tests whether the total sales for July (cell B9) is greater than or equal to 275000. If the condition is true, multiply the total sales for July (cell B9) by 0.26 to calculate a commission of 26%. If the condition is false, multiple the total sales for July (cell B9) by 0.17 to calculate a commission of 17%. Use the Fill Handle to fill the range C16:G16 with the formula in cell B16 to calculate the commissions for August through December.

Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter16: Manufacturing Accounting (mfg)
Section: Chapter Questions
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I need help with questions 9 given for Excel.
Sodium
Q
X
File
5.
e
IF
3
4
AutoSave Off
Undo
SC EX19 3b JeffreyWang 2 ✓
Home Insert Draw Page Layout Formulas.
-
X
Paste
S
Edit
Service Category
5
Market research
$
6 Retail merchandising $
7
Product promotion $
8
Social marketing
$
9
Total
$
10
11 Percentage per Month
12
Share
13
14
15
16
Amount
Net Amount
17
18 Net Commission %
19
20
21
B I U
BIU
Service Category
Clipboard
5
S
SUBSCRIPTION CANCELLED On Sunday, December 18, 2022, most features of Excel will
✓ X✓ fx
=IF(89>-275000)
$
V
B
Accessibility: investigate
E
Font
12
July
=IF(89>=275000)
V
$
15%
January
Documentation Sales Report
43%
4
a
August
78,672.15 $
56,742.12 $
July
72,344.50 $
52,474.35 $
81,550.21 $ 88.967.74 $
48,073.52 $ 55,027.26 $
254,442.58 $ 279,409.27 $
Α' Α
A
$
с
August
Data Review View
do
February
96
5
==
ME
17%
RT
$
D
d
September
79,884.67 $
49,330.69 $
88.814.48 $
55,781.80 $
273,811.64 $
September
March
6
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16%
2 Wrap Text
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Merge & Center
Monthly Sales
$
&
E
Reactivate
Commissions Paid
October
Estimated Sales
7
17%
April
November
October
75,380.26 $ 81.610.14 $
58,080.67 $
52,785.58 $
91.815.96 $
87,934.09 $
62,852.10 $ 60,019.22 $
278,952.03 $ 291,525.99 $
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Accounting
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November
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$
G
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Formatting Table
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December
83,352.68
62,109.76
93,009.43
65,272.37
303,744.24
18%
December
June
-
ht
O
H
Trend
Trend
Total
SZÉ
Insert Delete Format
$
$
Total
471,244.40
331,523,17
$ 532,091,91
347,026.27
$
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$
$
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Jeffrey Wang
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12:38
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Transcribed Image Text:Sodium Q X File 5. e IF 3 4 AutoSave Off Undo SC EX19 3b JeffreyWang 2 ✓ Home Insert Draw Page Layout Formulas. - X Paste S Edit Service Category 5 Market research $ 6 Retail merchandising $ 7 Product promotion $ 8 Social marketing $ 9 Total $ 10 11 Percentage per Month 12 Share 13 14 15 16 Amount Net Amount 17 18 Net Commission % 19 20 21 B I U BIU Service Category Clipboard 5 S SUBSCRIPTION CANCELLED On Sunday, December 18, 2022, most features of Excel will ✓ X✓ fx =IF(89>-275000) $ V B Accessibility: investigate E Font 12 July =IF(89>=275000) V $ 15% January Documentation Sales Report 43% 4 a August 78,672.15 $ 56,742.12 $ July 72,344.50 $ 52,474.35 $ 81,550.21 $ 88.967.74 $ 48,073.52 $ 55,027.26 $ 254,442.58 $ 279,409.27 $ Α' Α A $ с August Data Review View do February 96 5 == ME 17% RT $ D d September 79,884.67 $ 49,330.69 $ 88.814.48 $ 55,781.80 $ 273,811.64 $ September March 6 Help Alignment be disabled. 16% 2 Wrap Text O Search (Alt+Q) Merge & Center Monthly Sales $ & E Reactivate Commissions Paid October Estimated Sales 7 17% April November October 75,380.26 $ 81.610.14 $ 58,080.67 $ 52,785.58 $ 91.815.96 $ 87,934.09 $ 62,852.10 $ 60,019.22 $ 278,952.03 $ 291,525.99 $ 144 154 al $ Accounting 8 $%95898 F Number May November DH 17% hp 9 $ G IN Conditional Format as Cell Styles Formatting Table Styles December 83,352.68 62,109.76 93,009.43 65,272.37 303,744.24 18% December June - ht O H Trend Trend Total SZÉ Insert Delete Format $ $ Total 471,244.40 331,523,17 $ 532,091,91 347,026.27 $ $ 1,681,885.75 Total $ $ Cells Avg. Clients port sc Jeffrey Wang Help E-47 WE Projections V JW delete Sort & Find & Filter Select Editing backspace K # + 1828 L Comments (D) IN Analyze Data Analysis num lock D 0 Templates M officeatwork S M 12:38 10/5/2
8.
9.
Amir wants to determine how the sales of each month contributed to the total sales.
Calculate this information for him as follows:
In cell B12, insert a formula without using a function that divides the total sales for
July (cell B9) by the total sales (cell 19).
Use an absolute reference to cell 19 in the formula.
Use the Fill Handle to fill the range C12:G12 with the formula in cell B12.
Amir also needs to calculate the commissions paid each month. If the company earns
$275,000 or more in a month, the commission is 26% of the sales. If the company
earns less than $275,000 in a month, the commission is 17% of the sales. Calculate the
commissions as follows:
a.
b.
12.
C.
a.
b.
C.
d.
a.
b.
10. Change the sparklines in the range H16:H17 as follows to use a format similar to the
Monthly Sales sparklines:
In cell B16, enter a formula that uses the IF function and tests whether the total
sales for July (cell B9) is greater than or equal to 275000.
a.
If the condition is true, multiply the total sales for July (cell B9) by 0.26 to
calculate a commission of 26%.
b.
If the condition is false, multiple the total sales for July (cell B9) by 0.17 to
calculate a commission of 17%.
11. Amir would like to increase the average number of clients served per month. Because
retail merchandising has the lowest sales, Amir wants to know how many retail
merchandising clients he needs to reach the goal of 35 clients served per month.
Use the Fill Handle to fill the range C16:G16 with the formula in cell B16 to
calculate the commissions for August through December.
C.
Use Goal Seek to set the average number of clients for all services (cell 126) to the
value of 35 by changing the average number of retail merchandising clients (cell 123).
Format the text in cell 021 to clarify what it refers to as follows:
Merge and center the range 021:026.
Rotate the text down in the merged cell.
Change the Column sparklines to Line sparklines.
Apply the sparkline style Dark Red, Sparkline Style Accent 1, Darker 50%
(1st row, 1st column of the Sparkline Color theme palette) to make the sparklines
easier to see.
Change the width of column 3 to 7.00.
13. Delete row 32 to keep the Estimated Commissions information together.
Transcribed Image Text:8. 9. Amir wants to determine how the sales of each month contributed to the total sales. Calculate this information for him as follows: In cell B12, insert a formula without using a function that divides the total sales for July (cell B9) by the total sales (cell 19). Use an absolute reference to cell 19 in the formula. Use the Fill Handle to fill the range C12:G12 with the formula in cell B12. Amir also needs to calculate the commissions paid each month. If the company earns $275,000 or more in a month, the commission is 26% of the sales. If the company earns less than $275,000 in a month, the commission is 17% of the sales. Calculate the commissions as follows: a. b. 12. C. a. b. C. d. a. b. 10. Change the sparklines in the range H16:H17 as follows to use a format similar to the Monthly Sales sparklines: In cell B16, enter a formula that uses the IF function and tests whether the total sales for July (cell B9) is greater than or equal to 275000. a. If the condition is true, multiply the total sales for July (cell B9) by 0.26 to calculate a commission of 26%. b. If the condition is false, multiple the total sales for July (cell B9) by 0.17 to calculate a commission of 17%. 11. Amir would like to increase the average number of clients served per month. Because retail merchandising has the lowest sales, Amir wants to know how many retail merchandising clients he needs to reach the goal of 35 clients served per month. Use the Fill Handle to fill the range C16:G16 with the formula in cell B16 to calculate the commissions for August through December. C. Use Goal Seek to set the average number of clients for all services (cell 126) to the value of 35 by changing the average number of retail merchandising clients (cell 123). Format the text in cell 021 to clarify what it refers to as follows: Merge and center the range 021:026. Rotate the text down in the merged cell. Change the Column sparklines to Line sparklines. Apply the sparkline style Dark Red, Sparkline Style Accent 1, Darker 50% (1st row, 1st column of the Sparkline Color theme palette) to make the sparklines easier to see. Change the width of column 3 to 7.00. 13. Delete row 32 to keep the Estimated Commissions information together.
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