GETTING STARTED
 Save the file name as SC_EX365_2021_1a_FirstLastName.xlsx
o If you do not see the .xlsx file extension, do not type it. The file extension
will be added for you automatically.
 With the file SC_EX365_2021_1a_FirstLastName.xlsx open, ensure that
your first and last name is displayed in cell B6 of the Documentation
worksheet.
o If cell B6 does not display your name, delete the file and download a new
copy.
PROJECT STEPS

1. Josh Bartel is the senior director of the Pennsylvania field office for New Era
   Medical, a global company that manufactures medical equipment. He has
   created a worksheet summarizing the revenue and expenses for the first three
   quarters of the year. He asks for your help in determining what the
   Pennsylvania office needs to do to meet its targeted profit goals in the fourth
   quarter.
   Go to the Budget Summary worksheet. Cut the worksheet title from cell I1 and
   paste it in cell A1 to display the title in its expected location.
2. In cell E2, add the text Number of so that the complete text appears as
   “Number of salespeople:” and more clearly identifies the value in cell G2.
3. Enter Quarter 2 in cell C4 and Quarter 3 in cell D4.
4. In cell G5, enter a formula without a function that subtracts the target revenue
   (cell F5) from the year to date revenue (cell E5) to determine how much
   revenue the field office needs to earn in Quarter 4 to reach its target for the
   year.
5. Josh wants to calculate the gross margin for Quarters 1–3 and the year to date.
   Provide this information as follows:
   a. In cell B7, enter a formula without a function that divides the gross profit
   for Quarter 1 (cell B6) by the revenue in Quarter 1 (cell B5).
   b. Fill the range C7:E7 with the formula in cell B7 to find the gross margin for
   Quarters 2 and 3 and for the year to date.
6. Josh needs to sum the sales for each Pennsylvania region for the year to date.
   Provide this information as follows:
   a. In cell E10, enter a formula that uses the SUM function to total the
   regional sales data for the Northeast region (the range B10:D10) to
   calculate the year-to-date sales.
   b. Use the Fill Handle to fill the range E11:E13 with the formula in cell E10 to
   find the year-to-date sales for the other three regions.
7. In cell F10, enter the value 925000 to provide the targeted annual sales
   amount for the Northeast region.
8. Josh wants to determine how much revenue each region needs to generate in
   Quarter 4 to reach its target for the year. Enter this information as follows:
   a. In cell G10, enter a formula without a function that subtracts the target
   sales for the Northeast region (cell F10) from its year to date regional
   sales (cell E10) to find the amount of sales the Northeast region needs to
   generate to meet its target.
   b. Copy the formula in cell G10, and then paste it in the range G11:G14,
   pasting the formulas only, to find the variances for the other regions and
   for the total.
9. Josh is interested in how much revenue each of the 12 salespeople generates on
   average in each quarter and for the year to date. Find this information as
   follows:
   a. Edit cell B15 to include a formula without a function that divides the total
   regional sales in Quarter 1 (cell B14) by the number of salespeople (cell
   G2). Don’t change the reference to cell G2 that is already there.
   b. Fill the range C15:E15 with the formula in cell B15 to determine the
   average revenue per salesperson in Quarters 2 and 3 and for the year to
   date.
10. Josh also needs to calculate the operating margin, which is the ratio of
    operating profit or loss to revenue and indicates how much the office makes
    after paying for expenses. Calculate the operating margin as follows:
    a. In cell B20, enter a formula without a function that divides the operating
    profit or loss in Quarter 1 (cell B19) by the revenue from Quarter 1 (cell
    B5).
    b. Use the Fill Handle to fill the range C20:E20 with the formula in cell B20
    to find the operating margin for Quarters 2 and 3 and for the year to date.
11. Josh wants to include a visualization of the total year to date sales separated by
    region. Insert a chart to provide this visualization as follows:
    a. Create a 2-D Pie Chart based on the nonadjacent ranges A9:A13 and
    E9:E13.
    b. Enter Total Year to Date Sales by Region as the chart title.
    c. Resize and reposition the chart so its upper-left corner is in cell I4 and its
    bottom-right corner is in cell L18.
    d. Apply Style 3 to the chart.
12. Hide the gridlines for the Budget Summary worksheet to make it easier to read.