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1. Dervv BIS 155 iLab 1 Upper Saddle River
Marching Band NEW
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BIS 155 iLab 1 Upper Saddle River Marching Band
NEW
Scenario/Summary

2. You are the assistant to the band director for the
Upper Saddle River Marching Band, and you must
prepare a report showing the status of the
marching band fundraising event for presentation
to the board of trustees. The report will
summarize all sales of all items and include the
total profit-to-date with the amount remaining to
reach the profit goal. You will open the partially
completed workbook, create formulas, format for
presentation to the board, and add charts to
graphically depict the sales over time and by
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Deliverables
STEP 1: Opening and Saving
Download the spreadsheet, Week1 iLab Capital
Fundraising Student.xslx. You will be prompted
to
save the file. Click yes.
Open the saved file from your Download folder on
your computer.

3. Note: If you are using the Remote Lab environment
you will need to follow the instructions for
uploading the file. These instructions can be found
on the iLab page when you click on the iLab icon
on Course Resources.
™ 2: Add
ing a Sheet
Insert a new spreadsheet into the workbook.sprea
Change the name from Sheet 2 to Documentation.
The Documentation Sheet should be the first sheet
in the workbook.
Include your name, the date, and the purpose of
the spreadsheet. Your documentation sheet should
look something like the one below.
Upper Saddle River Marching Band—Fundraising
Event
Creator Your Name

4. Date Date
Purpose Board of Directors Presentation on
Fundraising Sales to date
STEP 3: Format Your spreadsheet
Apply formatting to your spreadsheet.
Your goal is to take into consideration readability,
reliability, and re-usability. Remember that
presentation has an impact on the viewer, and
pr
of
essio
nal a
Pp
earanc
e Is f
»r
reporting data, just as personal appearance
impacts perception. The goal is to make the data
more readable, and possibly to highlight data that
might otherwise be lost in many numbers.
The minimum formatting requirements (per the
Grading Rubric) are:
Title Rows formatted as titles
Font Size changes Color
Changes Use of Shading
and Borders

5. Currency and numeric formatting
Note: Refer to the Formatting video in the
lesson tutorials for help with this step.
STEP 4: Add Formulas
A. Create the formulas needed to calculate
the following for each item:
Net Selling Price = Selling Price * (1 - Sales
Discount)
les
= Sum(Da
ily Sales)
* Net Selling
Price
Total Profit = Total Sales - (Cost per item *
sum(Daily Sales))
Average Profit % = Total Profit / Total Sales
B. Create Grand Totals for the Total Sales and
the
Total Profit columns.
C. Create the formula that will average all of the
item profit %.
D. Create formula to calculate the Remaining
Profit needed to make the Marching Band goal
for the
fundraising campaign.

6. Remaining Profit = The Profit Goal - Total Profit
(all items)
One of the strengths of Excel is its ability to make
tedious and repetitious calculations, for speed and
to reduce errors. Like all tools, there is always the
possibility that you could use it incorrectly, so with
formulas, it is important to verify the formulas you
enter are correct.
Note: Refer to the Creating Formulas video in the
Lesson tutorials for help with this step.
If you have done the Tutorial on formulas, you
will have noticed, during the creation of the
formulas, that there are many ways to accomplish
similar results. Remember that arithmetic
formulas follow an order in which calculations are
performed. I make it a personal habit to always
use parentheses () to order the calculations in the
order in which I want them performed, so as not to
make a mistake.
For example, if I enter the following formula
into Excel, what is the outcome that I wanted?

7. 6 + 4 * 10
Did I mean to have a result of 100 [(6+4) * 10] or
46 [6 + (4 * 10)]. Excel would give you 46.
Excel will try to follow the following order of
execution whenever possible, but I would use
the best practice of always using parentheses to
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1. Parenthesis
2. Exponents
3. Multiplication and
division
4. Addition and
subtraction
STEP 5: Clean-Up
Clean-up the formatting of your report, taking
into account professional appearance.

8. The minimum requirement (per the Grading
Rubric):
Apply a color to each tab (sheet) in the workbook
Assign a descriptive name to each tab (sheet) in
the workbook
Printing Setup (for each sheet)
o Create a Custom Page Header
o Set the page orientation to landscape
Note: Refer to the Formatting Cleanup video in the
WW'ess
°n
tutorial for help
a-itl. tMs s
tep
.
Remember, professional appearance doesn't only
promote better readability of your report, but
represents you as a professional.
STEP 6: Create Charts to Represent the Data
Because a picture is worth a thousand words,
create each of the charts below to further enhance
your report. Each chart should be on a separate
sheet in the workbook.

9. Pie chart
• Bar chart
• Line chart
Note: Refer to the Creating Bar
Charts, Pie Charts, and Line
Charts videos in the lesson
tutorials for help with this
step. Once you have completed
the tutorials, you can apply
your skills to this step of
the assignment.
Be sure to properly label the
charts - do not leave default
titles such as "Axis" or
"Series".
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STEP 7: Save and Submit Save your Excel file.
Your Excel file should contain five worksheets.
• Documentation • Sales-Data • Profit by
Product • Percent Sales Graph

10. • Profits-by-Day
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