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Exp19_excel_ch09_capassessment_tips |solution of excel chapter

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2

The Tip Left column in the Friday   worksheet contains a fill color and number formatting. You want to fill these   formats to the other daily worksheets.
 

  Group the Friday through Monday worksheets, staring with the Friday   worksheet. Fill the format only for the range E5:E24.

8

 

3

Now you want to insert column totals for the five   worksheets simultaneously.
 

  With the worksheets still grouped, insert SUM functions in the range B25:E25   and apply the Totals cell style. Ungroup the worksheets.

5

 

4

The Week worksheet is designed   to be a summary sheet. You want to insert a hyperlink to the Total heading in   the Monday worksheet.
 

  On the Week worksheet, in cell A5, insert a hyperlink to cell A25 in the   Monday worksheet with the ScreenTip text Monday’s Totals. Test the hyperlink to   ensure it works correctly.

2

 

5

In cell A6 on the Week worksheet, insert a hyperlink to   cell A25 in the Tuesday worksheet with the ScreenTip text Tuesday’s   Totals. Test the hyperlink to ensure it works correctly.

2

 

6

In cell A7, insert a hyperlink   to cell A25 in the Wednesday worksheet with the ScreenTip text Wednesday’s   Totals. Test the hyperlink to ensure it works correctly.

2

 

7

In cell A8, insert a hyperlink to cell A25 in the Thursday   worksheet with the ScreenTip text Thursday’s Totals. Test the hyperlink to   ensure it works correctly.

2

 

8

In cell A9, insert a hyperlink   to cell A25 in the Friday worksheet with the ScreenTip text Friday’s   Totals. Test the hyperlink to ensure it works correctly.

2

 

9

Now, you are ready to insert references to cells in the   individual worksheets. First, you will insert a reference to Monday’s Food   Total.
 

  In cell B5 on the Week worksheet, insert a formula with a 3-D reference to   cell B25 in the Monday worksheet. Copy the formula to the range C5:E5.

2

 

10

The next formula will display   the totals for Tuesday.
 

  In cell B6, insert a formula with a 3-D reference to cell B25 in the Tuesday   worksheet. Copy the formula to the range C6:E6.

2

 

11

In cell B7, insert a formula with a 3-D reference to cell   B25 in the Wednesday worksheet. Copy the formula to the range C7:E7.

2

 

12

In cell B8, insert a formula   with a 3-D reference to cell B25 in the Thursday worksheet. Copy the formula   to the range C8:E8.

2

 

13

In cell B9, insert a formula with a 3-D reference to cell   B25 in the Friday worksheet. Copy the formula to the range C9:E9.

2

 

14

Now you want to use a function   with a 3-D reference to calculate the totals.
 

  In cell B10 on the Week worksheet, insert the SUM function with a 3-D   reference to calculate the total Food purchases (cell B25) for the five days.   Copy the function to the range C10:E10.

5

 

15

The servers are required to share a portion of their tips   with the Beverage Worker and Assistants. The rates are stored in another   file.
 

  Open the Exp_Excel_Ch09_Cap_Assessment_Rates.xlsx   workbook. Go back to the Exp_Excel_Ch09_Cap_Assessment_Tips.xlsx   workbook. In cell F5 of the Week worksheet, insert a link to the Beverage   Worker Tip Rate (cell C4 in the Rates workbook) and multiply the rate by the   Monday Drinks (cell C5). Copy the formula to the range F6:F9.

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16

Next, you will calculate the   tips for the assistant.
 

  In cell G5 in the Tips workbook, insert a link to the Assistant Tip Rate   (cell C5 in the Rates workbook) and multiply the rate by the Monday Subtotal   (cell D5). Copy the formula to the range G6:G9. Close the Rates workbook.
 

  Note: The tip is a monetary value in the Week worksheet. It should be   formatted for Accounting Number Format.

5

 

17

You noticed a circular error when you first opened the   Tips workbook. Now you will find and correct it.
 

  On the Week worksheet, check for errors and correct the formula with the   circular reference. 

5

 

18

You want to create a validation   rule to prevent the user from accidentally entering a negative value. For   now, you will create a validation in the Friday worksheet.
 

  Select the range E5:E24 in the Friday worksheet, create a validation rule to   allow a decimal value greater than or equal to zero. Enter the input message   title Tip and   the input message Enter the amount of tip. (including the   period). Use the Stop alert with the error alert title Invalid Number and the error   alert message   The tip must be zero or more. (including the period). Test the   data validation by attempting to enter -20 in cell E5 and then cancel the change.

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19

Now you will copy the validation settings to the other   daily worksheets.
 

  Copy the range E5:E24 in the Friday worksheet. Group the Monday through   Thursday worksheets, select the range E5:E24, and use Paste Special   Validation to copy the validation settings.

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20

You want to unlock data-entry   cells so that the user can change the tips in the daily worksheets.
 

  Group the Monday through Friday worksheets. Select the ranges E5:E24 and   unlock these cells.

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21

Create footer with your name on the left side, the sheet   name code in the center, and the file name code on the right side of all   worksheets.

5

 

22

Now that you unlocked data-entry   cells, you are ready to protect the worksheets to prevent users from changing   data in other cells. Individually, protect each sheet using the default   allowances without a password.

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23

Mark the workbook as final.
 

  Note: Mark as Final is not available in Excel for Mac. Instead, use Always   Open Read-Only on the Review tab.

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24

Save and close Exp19_Excel_Ch09_Cap_Assessment_Tips.xlsx.   Exit Excel. Submit the file as directed.

0

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July 1, 2023
    

 

71) Suppose the change in the government's debt-to-GDP ratio in a given year is 0.026. This figure tells us that the government's debt-to-GDP ratio has

A) fallen by 0.026%.

B) risen by 0.026%.

C) risen by 2.6 percentage points.

D) fallen by 2.6 percentage points.

E) risen by 0.026 percentage points.

72) Suppose the government's debt-to-GDP ratio on January 1 of Year 1 is 32%. The change in the debt-to-GDP ratio during Year 1 is -0.037. On January 1 of Year 2 the government's debt-to-GDP ratio is

A) 31.963%.

B) 32. 037%.

C) 28.3%.

D) 35.7%.

E) Not enough information to determine.

73) Consider the following data about government debt and deficit in a given year:

A) remained unchanged.

B) risen by 50%.

C) fallen by 50%.

D) risen by 0.5 percentage points.

E) fallen by 0.5 percentage points.

74) Consider the following data about government debt and deficit in a given year:

A) 82 percentage points.

B) 8.2 percentage points.

C) 0.82 percentage points.

D) 2.8 percentage points.

E) 0.28 percentage points.

75) Consider the following data about government debt and deficit in a given year:

A) remained unchanged.

B) risen by 0.2 percentage points.

C) fallen by 0.2 percentage points.

D) risen by 2 percentage points.

E) fallen by 2 percentage points.

76) Suppose that the real rate of interest on government bonds is 4% and the growth rate of real GDP is 2%. If the government has a positive stock of outstanding debt and its policy objective is to hold the debt-to-GDP ratio constant at its current level, it must

A) eliminate the overall deficit.

B) run an annually balanced budget.

C) run a cyclically balanced budget.

D) run a primary budget deficit.

E) run a primary budget surplus.

77) Suppose the government's objective is to hold its debt-to-GDP ratio constant at its current level of 30%. If the real interest rate on government bonds is 4% and the growth rate of real GDP is 2%, the government must

A) run a primary budget deficit of 0.6% of GDP.

B) run an overall budget deficit of 6.0% of GDP.

C) run an overall budget surplus of 6.0% of GDP.

D) run a primary budget surplus of 0.6% of GDP.

E) balance the overall budget.

78) Suppose that the real rate of interest is 3% and the growth rate of real GDP is 1%. If the government has a positive stock of outstanding debt and its goal is to hold the debt-to-GDP ratio constant at its current level, then it

A) must run a cyclically balanced budget.

B) must run an annually balanced budget.

C) must run a primary budget deficit.

D) must run a primary budget surplus.

E) must eliminate the overall deficit.

79) Consider a government with an outstanding stock of public debt. If, in any given year, the government has a primary budget surplus and the real interest rate on government bonds is less than the growth rate of real GDP, then

A) debt-service payments will be eliminated.

B) the debt-to-GDP ratio is certainly negative.

C) the debt-to-GDP ratio will certainly rise.

D) the debt-to-GDP ratio will certainly fall.

E) real GDP will certainly rise.

80) Consider a government with an outstanding stock of public debt. If, in any given year, the government has a primary budget surplus and the real interest rate on government bonds is more than the growth rate of real GDP, then

A) the debt-to-GDP ratio will certainly fall.

B) debt-service payments will be eliminated.

C) the debt-to-GDP ratio is certainly negative.

D) the debt-to-GDP ratio will certainly rise.

E) the effect on the debt-to-GDP ratio is uncertain.

 

 

default image
July 1, 2023
    

 

71) Suppose the change in the government's debt-to-GDP ratio in a given year is 0.026. This figure tells us that the government's debt-to-GDP ratio has

A) fallen by 0.026%.

B) risen by 0.026%.

C) risen by 2.6 percentage points.

D) fallen by 2.6 percentage points.

E) risen by 0.026 percentage points.

72) Suppose the government's debt-to-GDP ratio on January 1 of Year 1 is 32%. The change in the debt-to-GDP ratio during Year 1 is -0.037. On January 1 of Year 2 the government's debt-to-GDP ratio is

A) 31.963%.

B) 32. 037%.

C) 28.3%.

D) 35.7%.

E) Not enough information to determine.

73) Consider the following data about government debt and deficit in a given year:

A) remained unchanged.

B) risen by 50%.

C) fallen by 50%.

D) risen by 0.5 percentage points.

E) fallen by 0.5 percentage points.

74) Consider the following data about government debt and deficit in a given year:

A) 82 percentage points.

B) 8.2 percentage points.

C) 0.82 percentage points.

D) 2.8 percentage points.

E) 0.28 percentage points.

75) Consider the following data about government debt and deficit in a given year:

A) remained unchanged.

B) risen by 0.2 percentage points.

C) fallen by 0.2 percentage points.

D) risen by 2 percentage points.

E) fallen by 2 percentage points.

76) Suppose that the real rate of interest on government bonds is 4% and the growth rate of real GDP is 2%. If the government has a positive stock of outstanding debt and its policy objective is to hold the debt-to-GDP ratio constant at its current level, it must

A) eliminate the overall deficit.

B) run an annually balanced budget.

C) run a cyclically balanced budget.

D) run a primary budget deficit.

E) run a primary budget surplus.

77) Suppose the government's objective is to hold its debt-to-GDP ratio constant at its current level of 30%. If the real interest rate on government bonds is 4% and the growth rate of real GDP is 2%, the government must

A) run a primary budget deficit of 0.6% of GDP.

B) run an overall budget deficit of 6.0% of GDP.

C) run an overall budget surplus of 6.0% of GDP.

D) run a primary budget surplus of 0.6% of GDP.

E) balance the overall budget.

78) Suppose that the real rate of interest is 3% and the growth rate of real GDP is 1%. If the government has a positive stock of outstanding debt and its goal is to hold the debt-to-GDP ratio constant at its current level, then it

A) must run a cyclically balanced budget.

B) must run an annually balanced budget.

C) must run a primary budget deficit.

D) must run a primary budget surplus.

E) must eliminate the overall deficit.

79) Consider a government with an outstanding stock of public debt. If, in any given year, the government has a primary budget surplus and the real interest rate on government bonds is less than the growth rate of real GDP, then

A) debt-service payments will be eliminated.

B) the debt-to-GDP ratio is certainly negative.

C) the debt-to-GDP ratio will certainly rise.

D) the debt-to-GDP ratio will certainly fall.

E) real GDP will certainly rise.

80) Consider a government with an outstanding stock of public debt. If, in any given year, the government has a primary budget surplus and the real interest rate on government bonds is more than the growth rate of real GDP, then

A) the debt-to-GDP ratio will certainly fall.

B) debt-service payments will be eliminated.

C) the debt-to-GDP ratio is certainly negative.

D) the debt-to-GDP ratio will certainly rise.

E) the effect on the debt-to-GDP ratio is uncertain.

 

 

default image
July 1, 2023
    

 

71) Suppose the change in the government's debt-to-GDP ratio in a given year is 0.026. This figure tells us that the government's debt-to-GDP ratio has

A) fallen by 0.026%.

B) risen by 0.026%.

C) risen by 2.6 percentage points.

D) fallen by 2.6 percentage points.

E) risen by 0.026 percentage points.

72) Suppose the government's debt-to-GDP ratio on January 1 of Year 1 is 32%. The change in the debt-to-GDP ratio during Year 1 is -0.037. On January 1 of Year 2 the government's debt-to-GDP ratio is

A) 31.963%.

B) 32. 037%.

C) 28.3%.

D) 35.7%.

E) Not enough information to determine.

73) Consider the following data about government debt and deficit in a given year:

A) remained unchanged.

B) risen by 50%.

C) fallen by 50%.

D) risen by 0.5 percentage points.

E) fallen by 0.5 percentage points.

74) Consider the following data about government debt and deficit in a given year:

A) 82 percentage points.

B) 8.2 percentage points.

C) 0.82 percentage points.

D) 2.8 percentage points.

E) 0.28 percentage points.

75) Consider the following data about government debt and deficit in a given year:

A) remained unchanged.

B) risen by 0.2 percentage points.

C) fallen by 0.2 percentage points.

D) risen by 2 percentage points.

E) fallen by 2 percentage points.

76) Suppose that the real rate of interest on government bonds is 4% and the growth rate of real GDP is 2%. If the government has a positive stock of outstanding debt and its policy objective is to hold the debt-to-GDP ratio constant at its current level, it must

A) eliminate the overall deficit.

B) run an annually balanced budget.

C) run a cyclically balanced budget.

D) run a primary budget deficit.

E) run a primary budget surplus.

77) Suppose the government's objective is to hold its debt-to-GDP ratio constant at its current level of 30%. If the real interest rate on government bonds is 4% and the growth rate of real GDP is 2%, the government must

A) run a primary budget deficit of 0.6% of GDP.

B) run an overall budget deficit of 6.0% of GDP.

C) run an overall budget surplus of 6.0% of GDP.

D) run a primary budget surplus of 0.6% of GDP.

E) balance the overall budget.

78) Suppose that the real rate of interest is 3% and the growth rate of real GDP is 1%. If the government has a positive stock of outstanding debt and its goal is to hold the debt-to-GDP ratio constant at its current level, then it

A) must run a cyclically balanced budget.

B) must run an annually balanced budget.

C) must run a primary budget deficit.

D) must run a primary budget surplus.

E) must eliminate the overall deficit.

79) Consider a government with an outstanding stock of public debt. If, in any given year, the government has a primary budget surplus and the real interest rate on government bonds is less than the growth rate of real GDP, then

A) debt-service payments will be eliminated.

B) the debt-to-GDP ratio is certainly negative.

C) the debt-to-GDP ratio will certainly rise.

D) the debt-to-GDP ratio will certainly fall.

E) real GDP will certainly rise.

80) Consider a government with an outstanding stock of public debt. If, in any given year, the government has a primary budget surplus and the real interest rate on government bonds is more than the growth rate of real GDP, then

A) the debt-to-GDP ratio will certainly fall.

B) debt-service payments will be eliminated.

C) the debt-to-GDP ratio is certainly negative.

D) the debt-to-GDP ratio will certainly rise.

E) the effect on the debt-to-GDP ratio is uncertain.

 

 

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