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MS Excel: Budget Analysis

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Computer Applications for Business – Assignment MS Excel: Budget Analysis

Apply your creative thinking and problem-solving skills to design and implement a solution.

NOTE:  You will need to use file from the textbook for the assignment:  Lab 8-3 Budget Analysis

Household Budget Analysis
IncomeJanFebMarAprMayJun
Wages1,4301,4301,4301,4301,4301,430
Student Loan25000000800
Savings800400200375625700
Total4,7301,8301,6301,8052,0552,930
Exenses
Rent850850850850850850
Food425425425425425425
Utilities225210175165120135
Phone757575757575
Insurance165165165165165165
Tuition2,20000001100
Books4500000300
Travel190120150450120180
Clothing1501007514560150
Total4,7301,9451,9152,2751,8153,380
 
Cash Flow0-115-285-470240-450

Part 1:

The workbook provided shows household income and expenses. You will create charts to help analyze your budget.

1.    Open the workbook Lab 8-3 Budget Analysis provided and save as CS155Week8LastnameFirstname. Ensure that you use your lastname and firstname.

2.    In the budget analysis file change; wages, food, phone, and clothing data for each month. (Leaving these items the same will result in a deduction)

3.    Create a chart using the expenses from the budget.
 

4.    Create a second chart using the cash flow data from the budget.
 

5.    The following areas will be part of grading criteria:

         Changes to data asked for in Part 1

         Ensure the charts created display months and appropriate items from column A

         Create a chart from expenses data

         Move expense data chart to own sheet

         Rename new sheet with expense chart to descriptive title

         Create chart title for expense data chart

         Create a chart from cash flow data

         Move cash flow chart to own sheet

         Rename new sheet with cash flow chart to descriptive titles

         Create chart title for cash flow chart

         Save the file as CS155Week8LastnameFirstname. Ensure that you use your lastname and firstname

         Add a footer in left section of sheet named Budget with your name and GIDnumber

NOTE:Charts not required to be pivot charts Part 2:

In Part 1 you made choices about which type(s) of chart(s) to use to present budget data. What was the rationale behind those selections? How did the data in the Household Expenses pose a special challenge? How might you address that challenge?

         Answer Part 2 questions in comments or submission text area when submitting

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