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Microsoft Excel 2010 Expert

Question No: 1

Rick works as an Office Assistant for Tech Perfect Inc. He is responsible for preparing sales

reports of the company. He has created a sales report in a workbook of Excel 2010 and this workbook contains various worksheets as shown in the image given below:

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Rick wants the sheet tabs of the sheets containing charts to appear in red color. Which of the

following steps will Rick take to accomplish the task?

  1. Select the sheets containing charts. Select the Colors option in the Themes group on the

    Page Layout page.

  2. Select the sheets containing charts. Right-click on the sheet tabs.

  3. Select the sheets containing charts. Right-click on the sheet tabs. Choose the Sheet Color

    Optionfrom the shortcut menu.

  4. Select the sheets containing charts. Select the Effects option in the Themes group on the

Page Layout page.

Answer: B Explanation:

According to the question, Rick wants the sheet tabs of the sheets containing charts to appear in

red color. In order to accomplish the task,he will take the following steps: 1.Select the sheets containing charts.

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C:\Documents and Settings\Administrator\Desktop\1.JPG

2.Right-click on the sheet tabs. Choose the Tab Color option from the shortcut menu.

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C:\Documents and Settings\Administrator\Desktop\1.JPG

Answer options A and D are incorrect. These steps will not affect the appearance of the sheet tabs.

Answer option C is incorrect. This is an invalid answer option.

Question No: 2

You work as a Sales Manager for Tech Perfect Inc. You are creating a report for your sales team

Using Microsoft Excel. You want the report to appear in the following format:

You want the Remark column to be filled through a conditional formula. The criteria to give the

remark is as follows:

If the sales of the First Quarter are greater than or equal to 1200, display quot;Well Donequot; If the sales of the First Quarter is less than 1200, display quot;Improve in Next Quarterquot;

You have done most of the entries in a workbook. You select the F2 cell as shown in the image given below:

Which of the following conditional formulas will you insert to accomplish the task?

A. =IF(E2gt;=1200,quot;Improve in Next Quarterquot;,quot;Well Donequot;)

B. =IF(E2lt;=1200,quot;Well Donequot;,quot;Improve in Next Quarterquot;)

C. =IF(E2gt;=1200,quot;Well Donequot;,quot;Improve in Next Quarterquot;)

D. =IF(E2gt;1200,quot;Improve in Next Quarterquot;,quot;Well Donequot;)

Answer: C Explanation:

In order to accomplish the task, you will have to insert the following formula in the F2 cell:

=IF(E2gt;=1200,quot;Well Donequot;,quot;Improve in Next Quarterquot;)

Answer option A is incorrect. This will display the wrong messages for the given conditions.

The

first expression after the logical condition is returned by the IF function when the condition is

TRUE.

Answer option B is incorrect. This formula will not accomplish the task as the logical condition is not correct. The specified condition in this formula is testing for values less than or equal to

1200. Whereas, the question#39;s requirement is to evaluate values greater than or equal to 1200.

Answer option D is incorrect. This formula will not accomplish the task because of the two reasons.

First, the equal sign is missing in the condition. Second, the expressions are not in the correct

order.

Question No: 3

Rick works as an Office Assistant for Tech Perfect Inc. The company has a Windows- based network.

Rick wants to display data series, categories, data markers, and axes in the report. Which of the

following actions will Rick take to accomplish the task?

  1. He will use stand-alone slicers.

  2. He will create a PivotTable report.

  3. He will configure form controls.

  4. He will create a PivotChart report.

Answer: D Explanation:

The PivotChart report is used to provide a graphical representation of data in a PivotTable report in an interactive way. Whenever a user creates the PivotChart report, PivotChart report filters are displayed in the chart area. These are used for sorting and filtering the underlying data of the PivotChart report. Changes made to the layout and data in the associated PivotTable report are immediately reflected in the layout and data in the PivotChart report. The PivotChart report shows data series, categories, data markers, and axes in the same way as the standard charts do. It is possible to change the chart type and other options such as titles, legend placement, data labels, and chart location.

Answer option A is incorrect. Stand-alone slicers are referenced from Online Analytical Processing (OLAP) Cube functions. These stand-alone slicers can be connected with any PivotTable in future.

They can be added by using the slicer button on the Ribbon. They need to be manually linked into grids as required.

Answer option C is incorrect. A form control is an original control that is compatible with old versions of Excel, beginning with Excel version5.0. It is designed for use on XLM macro sheets. It can be used when a user wants to simply interact with cell data without using VBA code and when he wants to add controls to chart sheets. By using form controls, the user can run macros. He can attach an existing macro to a control, or write or record a new macro. These controls cannot be added to UserForms, used to control events, or modified to run Web scripts on Web pages.

Answer option B is incorrect. A PivotTable report is used to summarize large amounts of data, to analyze numerical data, and to answer unexpected questions about data.

Question No: 4

You work as a Finance Manager for Blue Well Inc. The company has a Windows-based network. You are using Excel spreadsheet for maintaining the financial budget and other financial calculations. You want to return the price per $100 face value of a security that pays interest at maturity. Which of the following financial functions will you use to accomplish the task?

  1. PRICE function

  2. PPMT function

  3. PRICEMAT function

  4. PRICEDISC function

Answer: C Explanation:

Various financial functions (reference) are as follows:

  1. ACCRINT function:Itisused toreturntheaccruedinterest forasecuritythatpaysperiodic interest.

  2. ACCRINTM function: It is used to return the accrued interest for a security that pays interest at maturity.

  3. AMORDEGRC function: It is used to return the depreciation for each accounting period by using a depreciation coefficient.

  4. COUPDAYBS function: It is used to return the number of days from the beginning of the coupon period to the settlement date.

  5. AMORLINC function: It is used to return the depreciation for each accounting period. 6.COUPDAYS function: It is used to return the number of days in the coupon period containing the settlement date.

  1. COUPDAYSNC function: It is used to return the number of days from the settlement date to the next coupon date.

  2. COUPNCD function: It is used to return the next coupon date after the settlement date. 9.COUPNUM function: It is used to return the number of coupons payable between the settlement date and maturity date.

  1. COUPPCD function: It is used to return the previous coupon date before the settlement date.

  2. CUMIPMT function: It is used to return the cumulative interest paid between two periods.

  3. CUMPRINC function: It is used to return the cumulative principal paid on a loan between two periods.

  4. DB function: It is used to return the depreciation of an asset for a specified period by using

    the fixed-declining balance method.

  5. DDB function: It is used to return the depreciation of an asset for a particular period by

    using

    the double-declining balance method.

  6. DISC function: It is used to return the discount rate for a security.

  7. DOLLARDE function: It is used to convert a dollar price that is expressed as a fraction into a

    dollar price that is expressed as a decimal number.

  8. DOLLARFR function: It is used to convert a dollar price that is expressed as a decimal number intoa dollar price that is expressed as a fraction.

  9. DURATION function: It is used to return the annual duration of a security with periodic interest payments.

  10. EFFECT function: It is used to return the effective annual interest rate. 20.FV function: It is used to return the future value of an investment.

  1. FVSCHEDULE function: It is used to return the future value of a starting principal after applying a series of compound interest rates.

  2. INTRATE function: It is used to return the interest rate for a fully invested security. 23.IPMT function: It is used to return the interest payment for an investment for a specified period.

24.IRR function: It is used to return the internal rate of return for a series of cash flows. 25.ISPMTfunction:Itisusedtocalculatetheinterestpaidduringaparticularperiodofan investment.

  1. MDURATION function: It is used to return the Macauley modified duration for a security with an assumed par value of $100.

  2. MIRR function: It is used to return the internal rate of return in which positive and negative

    cash flows are financed at different rates.

  3. NOMINAL function: It is used to return the annual nominal interest rate. 29.NPER function: It is used to return the number of periods for an investment.

  1. NPV function: It is used to return the net present value of an investment on the basis of a

    series of periodic cash flows and a discount rate.

  2. ODDFPRICE function: It is used to return the price per $100 face value of a security with an odd first period.

  3. ODDFYIELD function: It is used to return the yield of a security with an odd first period. 33.ODDLPRICE function: It is used to return the price per $100 face value of a security with an odd last period.

34.ODDLYIELD function: It is used to return the yield of a security with an odd last period. 35.PMT function: It is used to return the periodic payment for an annuity.

  1. PPMT function: It is used to return the payment on the principal for an investment for a particular defined period.

  2. PRICE function: It is used to return the price per $100 face value of a security that pays

    periodic interest.

  3. PRICEDISC function: It is used to return the price per $100 face value of a discounted security.

  4. PRICEMAT function: It is used to return the price per $100 face value of a security that pays

    interest at maturity.

  5. PV function: It is used to return the current value of an investment. 41.RATE function: It is use d to return the interest rate per period of an annuity.

  1. RECEIVED function: It is used to return the amount received at maturity for a fully invested

    security.

  2. SLN function: It is used to return the straight-line depreciation of an asset for one period. 44.SYD function: It is used to return the sum-of-years#39; digits depreciation of an asset for a particular period.

45.TBILLEQ function: It is used to return the bond-equivalent yield for a Treasury bill. 46.TBILLPRICE function: It is used to return the price per $100 face value for a Treasury bill.

  1. TBILLYIELD function: It is used to return the yield for a Treasury bill.

  2. VDB function: It is used to return the depreciation of an asset for a specified or partial period by using a declining balance method.

  3. IRR function: It is used to return the internal rate of return for a schedule of cash flows that isnot necessarily periodic.

  4. XNPV function: It is used to return the net present value for a schedule of cash flows that is

    not necessarily periodic.

  5. YIELD function: It is used to return the yield on a security that pays periodic interest. 52.YIELDDISC function: It is used to return the annual yield for a discounted security.

  1. YIELDMAT function:It isusedto returntheannualyield ofa securitythat pays interest at maturity.

    Question No: 5

    Rick works as an Office Assistant for Tech Perfect Inc. The company has a Windows- based network.

    Rick has to perform the following tasks:

    Summarize large amounts of data. Analyze numeric data.

    Answer unexpected questions about data.

    Which of the following actions will Rick take to accomplish the task?

    1. He will create the accounting template.

    2. He will use stand-alone slicers.

    3. He will create a PivotTable report.

    4. He will configure form controls.

Answer: C Explanation:

A PivotTable report is used to summarize large amounts of data, to analyze numerical data, and to answer unexpected questions about data.

Answer option B is incorrect. Stand-alone slicers are referenced from Online Analytical Processing (OLAP) Cube functions. These stand-alone slicers can be connected with any PivotTable in future.

They can be added by using the slicer button on the Ribbon. They need to be manually linked into grids as required.

Answer option D is incorrect. A form control is an original control that is compatible with old versions of Excel, beginning with Excel version5.0. It is designed for use on XLM macro sheets. It can be used when a user wants to simply interact with cell data without using VBA code and when he wants to add controls to chart sheets. By using form controls, the user can run macros. He can attach an existing macro to a control, or write or record a new macro. These controls cannot be added to UserForms, used to control events, or modified to run Web scripts on Web pages.

Answer option A is incorrect. The accounting template is used for numbering months of a financial year to period numbering. It is used to compare month to month, actual v budget, quarter to quarter, year to year variances. It is the initial point for other reports that need the use of months.

Question No: 6

You work as an Office Assistant for Blue Well Inc. The company has a Windows-based network. You are creating a chart in Excel 2010. You want to show the slope of data points in the chart to know the trend of the Business Intelligence data range. Which of the following will you use to accomplish the task?

  1. Trendline

  2. Sparkline

  3. Backstage view

  4. Line charts

Answer: A Explanation:

A trendline is defined in Excel 2010. It is a data visualization tool to display the trend of a particular data range. It is used toshowthe slope ofdatapoints in a chart. There are varioustypes of trendlines, such as linear trendlines, exponential trendlines, and linear forecast trendlines.

Answer option B is incorrect. A sparkline is defined as a tiny chart in the background of a cell.

Unlike charts on an Excel worksheet, sparklines are not objects. It is used because data presented

in a row or column is useful, but patterns can be hard to spot at a glance. It is used to display a

trend based on adjacent data in a clear and compact graphical representation by taking up a small

amount of space.Thebenefitofusingthesparklinesisthatthesecanbeprintedwhen auserprintsa worksheet that contains them. This feature is not available in charts.

Answer option C is incorrect. The Microsoft Office Backstage view is used to replace the traditional file menu with a new approach that uses In and Out features for efficiency. The improved Ribbon enables users to access their preferred commands rapidly and create custom tabs to personalize the way they work.Answer option D is incorrect. Excel provides a column chart facility to display data that is arranged in columns or rows on a worksheet. Line charts are used to display continuous data over time, set against a common scale. In a line chart, category data is distributed along the horizontal axis, and all value data is distributed along the vertical axis. Line charts are ideal for showing trends in data at equal intervals.

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C:\Documents and Settings\Administrator\Desktop\1.JPG

A line chart should be used where category labels are text, and are representing evenly spaced

values such as months, quarters, or years.

Question No: 7

You work as an Office Assistant for Dreams Unlimited Inc. You use Microsoft Excel 2010 for creating various types of reports. You have created a report in the format given below:

In the A7 cell, you are required to put a formula so that it can fulfill the description provided in the B7 cell.

Which of the following formulas will provide the required result?

  1. COUNTIF(B2:C5,quot;=Yesquot;)

  2. COUNTIFS(B2:C5,quot;=Yesquot;)

  3. COUNTIF(B2:B5,quot;=Yesquot;,C2:C5,quot;=Yesquot;)

  4. COUNTIFS(B2:B5,quot;=Yesquot;,C2:C5,quot;=Yesquot;)

Answer: D Explanation:

In order to get the required result, you will have to insert the following formula in the B7 cell: COUNTIFS(B2:B5,quot;=Yesquot;,C2:C5,quot;=Yesquot;)

Only Sarah and David have exceeded their January and February quotas, therefore the formula will provide 2 as the result.

Answer option C is incorrect. The COUNTIF function of Excel does not support multiple criteria.

Answer options A and B are incorrect. This formula will count all the cells that have the value

quot;Yesquot; in the range B2:C5.As multiple criteria arenot applied in the formula, it will provide 6 as the result.

In the A7 cell, you are required to put a formula so that it can fulfill the description provided in theB7 cell.

Which of the following formulas will provide the required result?

  1. COUNTIF(B2:C5,quot;=Yesquot;)

  2. COUNTIFS(B2:C5,quot;=Yesquot;)

  3. COUNTIF(B2:B5,quot;=Yesquot;,C2:C5,quot;=Yesquot;)

  4. COUNTIFS(B2:B5,quot;=Yesquot;,C2:C5,quot;=Yesquot;) Answer: D

In order to get the required result, you will have to insert the following formula in the B7 cell: COUNTIFS(B2:B5,quot;=Yesquot;,C2:C5,quot;=Yesquot;)

Only Sarah and David have exceeded their January and February quotas, therefore the formula will provide 2 as the result.

Answer option C is incorrect. The COUNTIF function of Excel does not support multiple criteria.

Answer options A and B are incorrect. This formula will count all the cells that have the value

quot;Yesquot; in the range B2:C5.As multiple criteria are not applied in the formula, it will provide 6 as

the result.

Question No: 8

You work as an Office Assistant for Blue Well Inc. The company has a Windows-based network. You want to filter data in a PivotTable report without opening drop-down lists to find the items that you want to filter. For this purpose, you are using a slicer. After filtering the data, you want to delete the slicer. Which of the following steps can you take to accomplish the task?

Each correct answer represents a complete solution. Choose all that apply.

  1. Click the slicer that you want to delete on the Options tab in the Slicer type group.

  2. Click the Macro setting, and then delete the slicer from the Macro-enabled slicers list.

  3. Click the slicer, and then press Delete.

  4. Right-click the slicer, and then click Remove lt;Name of slicergt;.

Answer: C,D

Explanation:

Take one of the following steps to delete a slicer:

1.Right-click the slicer, and then click Remove lt;Name of slicergt;. 2.Click the slicer, and then press Delete.

Answer options B and A are incorrect. These are invalid answer options.

Question No: 9

You work as a Finance Manager for Blue Well Inc. The company has a Windows-based network. You are using Excel spreadsheet for maintaining financial budget and other financial calculations. You want to return the depreciation of an asset for a specified period by using the fixed-declining balance method and to return the future value of a starting principal after applying a series of compound interest rates.

Which of the following financial functions will you use to accomplish the task? Each correct answer represents a complete solution. Choose all that apply.

  1. DB function

  2. NPV function

  3. DDB function

  4. FVSCHEDULE function

Answer: A,D Explanation:

Various financial functions (reference) are as follows:

  1. ACCRINT function:Itisused toreturntheaccruedinterest forasecuritythatpays periodic interest.

  2. ACCRINTM function: It is used to return the accrued interest for a security that pays interest atmaturity.

  3. AMORDEGRC function: It is used to return the depreciation for each accounting period by using a depreciation coefficient.

  4. COUPDAYBS function: It is used to return the number of days from the beginning of the coupon period to the settlement date.

  5. AMORLINC function: It is used to return the depreciation for each accounting period. 6.COUPDAYS function: It is used to return the number of days in the coupon period containing the settlement date.

  1. COUPDAYSNC function: It is used to return the number of days from the settlement date

    to the next coupon date.

  2. COUPNCD function: It is used to return the next coupon date after the settlement date. 9.COUPNUM function: It is used to return the number of coupons payable between the settlement date and maturity date.

  1. COUPPCD function: It is used to return the previous coupon date before the settlement date.

  2. CUMIPMT function: It is used to return the cumulative interest paid between two periods.

  3. CUMPRINC function: It is used to return the cumulative principal paid on a loan between two periods.

  4. DB function: It is used to return the depreciation of an asset for a specified period by using

    the fixed-declining balance method.

  5. DDB function: It is used to return the depreciation of an asset for a particular period by using

    the double-declining balance method.

  6. DISC function: It is used to return the discount rate for a security.

  7. DOLLARDE function: It is used to convert a dollar price that is expressed as a fraction into a

    dollar price that is expressed as a decimal number.

  8. DOLLARFR function: It is used to convert a dollar price that is expressed as a decimal number into a dollar price that is expressed as a fraction.

  9. DURATION function: It is used to return the annual duration of a security with periodic interest payments.

  10. EFFECT function: It is used to return the effective annual interest rate. 20.FV function: It is used to return the future value of an investment.

  1. FVSCHEDULE function: It is used to return the future value of a starting principal after applying a series of compound interest rates.

  2. INTRATE function: It is used to return the interest rate for a fully invested security. 23.IPMT function: It is used to return the interest payment for an investment for a specified period.

24.IRR function: It is used to return the internal rate of return for a series of cash flows. 25.ISPMTfunction:Itisusedtocalculatetheinterestpaidduringaparticular

periodofan investment.

  1. MDURATION function: It is used to return the Macauley modified duration for a security with an assumed par value of $100.

  2. MIRR function: It is used to return the internal rate of return in which positive and negative

    cash flows are financed at different rates.

  3. NOMINAL function: It is used to return the annual nominal interest rate.

  4. NPER function: It is used to return the number of periods for an investment.

  5. NPV function: It is used to return the net present value of an investment on the basis of a

    series of periodic cash flows and a discount rate.

  6. ODDFPRICE function: It is used to return the price per $100 face value of a security with an odd first period.

  7. ODDFYIELD function: It is used to return the yield of a security with an odd first period. 33.ODDLPRICE function: It is used to return the price per $100 face value of a security with an odd last period.

34.ODDLYIELD function: It is used to return the yield of a security with an odd last period. 35.PMT function: It is used to return the periodic payment for an annuity.

  1. PPMT function: It is used to return the payment on the principal for an investment for a particular defined period.

  2. PRICE function: It is used to return the price per $100 face value of a security that pays Periodicinterest.

  3. PRICEDISC function: It is used to return the price per $100 face value of a discounted security.

  4. PRICEMAT function: It is used to return the price per $100 face value of a security that pays

    interest at maturity.

  5. PV function: It is used to return the current value of an investment. 41.RATE function: It is use d to return the interest rate per period of an annuity.

  1. RECEIVED function: It is used to return the amount received at maturity for a fully invested

    security.

  2. SLN function: It is used to return the straight-line depreciation of an asset for one period. 44.SYD function: It is used to return the sum-of-years#39; digits depreciation of an asset for a particular period.

45.TBILLEQ function: It is used to return the bond-equivalent yield for a Treasury bill. 46.TBILLPRICE function: It is used to return the price per $100 face value for a Treasury bill.

  1. TBILLYIELD function: It is used to return the yield for a Treasury bill.

  2. VDB function: It is used to return the depreciation of an asset for a specified or partial period by using a declining balance method.

  3. IRR function: It is used to return the internal rate of return for a schedule of cash flows that is not necessarily periodic.

  4. XNPV function: It is used to return the net present value for a schedule of cash flows that is

    not necessarily periodic.

  5. YIELD function: It is used to return the yield on a security that pays periodic interest.

  6. YIELDDISC function: It is used to return the annual yield for a discounted security. 53.YIELDMAT function:It isused to return theannualyield ofa securitythat paysinterest at maturity.

    Question No: 10

    Jack wants the rows containing the name Tom and product Jam. There are thousands of entries in the log. Plowing through all the records will be time taking. Which option can be used to view only the relevant records?

    1. Autofilter

    2. Find

    3. Sort

    4. All filter

Answer: A Explanation:

Autofilter is used to filter the record as per the condition by hiding the rest. Defining different

filters, you can compare data in multiple ways, so you can glean vital information without wasting vital time.

Answer options B and D are incorrect. There are no such options defined in Excel to filter the

records.

Answer options C is incorrect. The Sort function is used to arrange the records in ascending or

descending order.

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