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9. 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.

9. 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.

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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I need help to do question 9 from A to D and please include the formulas on how to solve using Excel and the answer for the Finance homework.
x File k AutoSave ev Unda Home Paste Off A Ready Insert X LG- V 3 4 5 6 7 8 9 10 11 Percentage per Month 12 Share 13 14 15 Service Category Market research 16 Amount 17 Net Amount 18 Net Commission% 19 20 21 Draw Service Category $ Retail merchandising $ Product promotion $ Social marketing Total SC EX19_3b_leffreyWang 2 v Gill Sans MT BIU IU Page Layout Formulas * Α' Α' A A $ Documentation Accessibility: investigate B Font July 12 Alignment Clipboard T (i) SUBSCRIPTION CANCELLED On Sunday, December 18, 2022, most features of Excel will be disabled. B16 X✓ fx 15% 43% - January Sales Report A A $ с V August Data N February EE July September August 78.672.15 $ 79,884.67 $ 72,344.50 $ 56,742.12 $ 49,330.69 $ 52,474.35 $ 81,550.21 $ 88,967.74 $ 88.814.48 $ $ 55,027.26 $ 48,073.52 $ 55,781.80 $ $ 254,442.58 $ 279,409.27 $273,811.64 $ Review 17% E $ D View V March E September Help 16% ab Wrap Text O Search (Alt+Q) Merge & Center s E Reactivate Monthly Sales October November 81,610.14 $ 75,380.26 $ 58,080.67 $ 52,785.58 $ 87,934.09 $ 91,815.96 $ 62,852.10 $ 60,019.22 $ 278,952.03 $ 291,525.99 $ Commissions Paid October 17% April Estimated Sales N Accounting $% 9%88 $ F Number May 17% November - np $ 5 G IH Conditional Format as Cell Table Styles Formatting Styles December 83,352.68 62,109.76 93,009.43 65,272.37 303,744.24 18% June December Trend H Trend Total ― ←T TIX D Insert Delete Format Cells $ Total 471,244.40 331,523.17 532,091.91 $ 347,026.27 $ $ $ 1,681,885.75 Total $ $ Avg. Clients Jeffrey Wang JW Help 2- 47 0 ↓ O Sort & Find & Filter Select Editing Projections K Comments d)- P Analyze Data Analysis L Te off M
Transcribed Image Text:x File k AutoSave ev Unda Home Paste Off A Ready Insert X LG- V 3 4 5 6 7 8 9 10 11 Percentage per Month 12 Share 13 14 15 Service Category Market research 16 Amount 17 Net Amount 18 Net Commission% 19 20 21 Draw Service Category $ Retail merchandising $ Product promotion $ Social marketing Total SC EX19_3b_leffreyWang 2 v Gill Sans MT BIU IU Page Layout Formulas * Α' Α' A A $ Documentation Accessibility: investigate B Font July 12 Alignment Clipboard T (i) SUBSCRIPTION CANCELLED On Sunday, December 18, 2022, most features of Excel will be disabled. B16 X✓ fx 15% 43% - January Sales Report A A $ с V August Data N February EE July September August 78.672.15 $ 79,884.67 $ 72,344.50 $ 56,742.12 $ 49,330.69 $ 52,474.35 $ 81,550.21 $ 88,967.74 $ 88.814.48 $ $ 55,027.26 $ 48,073.52 $ 55,781.80 $ $ 254,442.58 $ 279,409.27 $273,811.64 $ Review 17% E $ D View V March E September Help 16% ab Wrap Text O Search (Alt+Q) Merge & Center s E Reactivate Monthly Sales October November 81,610.14 $ 75,380.26 $ 58,080.67 $ 52,785.58 $ 87,934.09 $ 91,815.96 $ 62,852.10 $ 60,019.22 $ 278,952.03 $ 291,525.99 $ Commissions Paid October 17% April Estimated Sales N Accounting $% 9%88 $ F Number May 17% November - np $ 5 G IH Conditional Format as Cell Table Styles Formatting Styles December 83,352.68 62,109.76 93,009.43 65,272.37 303,744.24 18% June December Trend H Trend Total ― ←T TIX D Insert Delete Format Cells $ Total 471,244.40 331,523.17 532,091.91 $ 347,026.27 $ $ $ 1,681,885.75 Total $ $ Avg. Clients Jeffrey Wang JW Help 2- 47 0 ↓ O Sort & Find & Filter Select Editing Projections K Comments d)- P Analyze Data Analysis L Te off M
8. 9. Amir wants to determine how the sales of each month contributed to the total sales. Calculate this information for him as follows: a. b. 12. C. 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. C. d. a. b. 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. 10. Change the sparklines in the range H16:H17 as follows to use a format similar to the Monthly Sales sparklines: 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. a. 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. b. If the condition is true, multiply the total sales for July (cell B9) by 0.26 to calculate a commission of 26%. 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. C. If the condition is false, multiple the total sales for July (cell B9) by 0.17 to calculate a commission of 17%. 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 width of column 3 to 7.00. 13. Delete row 32 to keep the Estimated Commissions information together. Use the Fill Handle to fill the range C16:G16 with the formula in cell B16 to calculate the commissions for August through December.
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: a. b. 12. C. 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. C. d. a. b. 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. 10. Change the sparklines in the range H16:H17 as follows to use a format similar to the Monthly Sales sparklines: 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. a. 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. b. If the condition is true, multiply the total sales for July (cell B9) by 0.26 to calculate a commission of 26%. 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. C. If the condition is false, multiple the total sales for July (cell B9) by 0.17 to calculate a commission of 17%. 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 width of column 3 to 7.00. 13. Delete row 32 to keep the Estimated Commissions information together. Use the Fill Handle to fill the range C16:G16 with the formula in cell B16 to calculate the commissions for August through December.
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