New Perspectives Excel 2019 | Module 8: SAM Project 1b Ferguson Fitness EXPLORE BUSINESS OPTIONS WITH WHAT-IF TOOLS GETTING STARTED ? Open the file NP_EX19_8b_ FirstLastName _1

New Perspectives Excel 2019 | Module 8: SAM Project 1b

Ferguson Fitness

EXPLORE BUSINESS OPTIONS WITH WHAT-IF TOOLS

GETTING STARTED

?

Open the file

NP_EX19_8b_

FirstLastName

_1.xlsx

, available for download from the

SAM website.

?

Save the file as

NP_EX19_8b_

FirstLastName

_2.xlsx

by changing the “1” to a “2”.

?

If you do not see the

.xlsx

file extension in the Save As dialog box, do not type it. The

program will add the file extension for you automatically.

?

With the file

NP_EX19_8b_

FirstLastName

_2.xlsx

still open, ensure that your first and

last name is displayed in cell B6 of the Documentation sheet.

?

If cell B6 does not display your name, delete the file and download a new copy from the

SAM website.

?

This project requires you to use the Solver add-in. If this add-in is not available on the

Data tab in the Analyze group (or if the Analyze group is not available), install Solver as

follows:

?

In Excel, click the File tab, and then click the Options button in the left navigation bar.

Click the Add-Ins option in the left pane of the Excel Options dialog box. Click the

Manage arrow, click the Excel Add-Ins option, and then click the Go button. In the Add-

Ins dialog box, click the Solver Add-In check box and then click the OK button. Follow any

remaining prompts to install Solver.

PROJECT STEPS

1.

Bruce and Doug Ferguson started Ferguson Fitness, providing comprehensive private and

corporate fitness programs in Philadelphia, PA. Bruce made a workbook detailing the

services they offers. He asks you to help analyze the data to determine how they can

increase profits.

Switch to the

Personal Training

worksheet. Create a one-variable data table to calculate

the sales, expenses, and profit based on the hours of personal training provided, as

follows:

a.

In cell E5, enter a formula without using a function that references cell

C4

, which is

the number of hours of personal training provided.

b.

In cell F5, enter a formula without using a function that references cell

C19

, which

is the total sales from personal training.

c.

In cell G5, enter a formula without using a function that references cell

C20

, which

is the total expenses related to personal training.

d.

In cell H5, enter a formula without using a function that references cell

C21

, which

is the expected gross profit for personal training.

e.

Select the range E5:H10 and then complete the one-variable data table, using cell

C4

as the Column input cell.

2.

Create a two-variable data table to calculate the gross profit based on the hours of

fitness training provided and the hourly rate charged:

a.

For the range E14:L19, create a two-variable data table using the hourly rate

charged (cell

C5

) as the Row input cell.

b.

Use the hours of fitness training provided (cell

C4

) as the Column input cell.

c.

Apply a custom format to cell E14 to display the text

Hours/Rate

in place of the

cell value.

3.

Switch to the

Consulting

worksheet. Create a

Scatter with Straight Lines

chart based

on the range E4:G14 in the data table titled Consulting – Break-Even Analysis.

4.

Modify the new chart as follows:

a.

Resize and reposition the chart so that it covers the range E15:H30.

b.

Remove the chart title from the chart.

c.

Add

Sales and Expenses

as the vertical axis title and

Hours

as the horizontal

axis title.

5.

Change the Bounds Axis Options as follows:

a.

Change the Minimum Bounds of the vertical axis to

-30,000

and let the Maximum

Bounds change automatically to 130,000.

b.

Change the Number format of the vertical axis to

Currency

with

0

decimal places

and

$

as the symbol.

c.

Change the Minimum Bounds of the horizontal axis to

700

and the Maximum

Bounds to

1500

.

6.

Create two scenarios as follows to compare the costs of hiring fitness instructors with

those for hiring certified personal trainers while increasing the number of hours provided:

a.

In the Scenario Manager, add two scenarios using the data shown in bold in Table 1

below.

b.

The changing cells for both scenarios are the nonadjacent cells

C4

,

C11

, and

C14

.

c.

Close the Scenario Manager without showing any of the scenarios.

Table 1: Fitness Consulting Scenario Values

Values

Scenario 1

Scenario 2

Scenario Name

Instructors

Trainers

Hours_Sold_Consulting (C4)

1500

1800

Variable_Cost_Per_Hour_Consulting (C11)

53

55

Total_Fixed_Cost_Consulting (C14)

34,500

35,500

7.

Switch to the

Corporate Programs

worksheet. Create a

Scatter with Straight Lines

chart based on range E6:J14 in the data table titled Corporate Programs – Net Income

Analysis.

8.

Modify the new chart as follows:

a.

Resize and reposition the chart so that it covers the range E15:J30.

b.

Remove the chart title from the chart.

c.

Reposition the chart legend to the right of the chart.

d.

Add

Net Income

as the vertical axis title and

Hours

as the horizontal axis title.

e.

Change the colors of the chart to

Monochromatic Palette 2

(2nd row in the

Monochromatic palette).

9.

Change the Bounds Axis Options for the new chart as follows:

a.

Change the Minimum Bounds of the vertical axis to

-20,000

and leave the

Maximum Bounds at 40,000.

b.

Set the horizontal axis to cross at the axis value

-20,000

.

c.

Change the Number format of the vertical axis to

Currency

with

0

decimal places

and

$

as the symbol.

d.

Change the Minimum Bounds of the horizontal axis to

900

and the Maximum

Bounds to

1700

.

10.

Edit the chart series names as follows:

a.

For Series 1, use cell

F5

as the series name.

b.

For Series 2, use cell

G5

as the series name.

c.

For Series 3, use cell

H5

as the series name.

d.

For Series 4, use cell

I5

as the series name.

e.

For Series 5, use cell

J5

as the series name.

11.

Bruce wants to determine whether partnering with another fitness company would

reduce the costs of fitness training services. Switch to the

Training Providers

worksheet,

and then run Solver to solve this problem as follows:

a.

Set the objective as minimizing the value in cell F10 (Total Costs).

b.

Use the range C4:E4 as the changing variable cells.

Adjust the hours provided by each company using the following constraints:

c.

F4=600, the total hours of fitness services provided

d.

F10 is less than or equal to 130,000, the maximum fees paid to another fitness

company

e.

C4:E4 is less than or equal to 220, the maximum hours provided by a single fitness

company

f.

C4:E4 should be an Integer

g.

Run Solver, keep the solution, and then return to the Solver Parameters dialog box.

Save the model to the range B14:B21, and then close the Solver Parameters dialog

box.

12.

Switch to the

All Services

worksheet. Use the Scenario Manager to create a Scenario

Summary report that summarizes the effect of the Current, Increase Hourly, and

Contractors scenarios. Use the range

C17:E17

as the result cells.

13.

Switch back to the

All Services

worksheet. Use the Scenario Manager as follows to

compare the profit per hour in each scenario:

a.

Create a Scenario PivotTable report for result cells C17:E17.

b.

Remove the Filter field from the PivotTable.

c.

Change the number format of the Profit_Per_Hour_Training, Profit_Per_Hour_

Consulting, and Profit_Per_Hour_Corporate fields (located in the Values box of the

PivotTable Field List) to

Currency

with

2

decimal places and

$

as the symbol.

d.

Use

Personal Training

as the row label value in cell B3,

Consulting

as the value

in cell C3, and

Corporate Programs

as the value in cell D3.

e.

In cell A1, use

Profit Per Hour

as the report title.

f.

Format the report title using the

Title

cell style.

g.

Resize columns A–D to 17.00.

14.

Add a PivotChart to the

Scenario PivotTable

worksheet as follows:

a.

Create a Clustered Column PivotChart based on the PivotTable.

b.

Resize and reposition the chart so that it covers the range A8:D21.

c.

Hide the field buttons in the chart.

[Mac Hint: The Field Buttons option is not

available on Excel 2019 for the Mac, so Mac users can ignore this instruction.]

Your workbook should look like the Final Figures on the following pages. Save your changes, close

the workbook, and then exit Excel. Follow the directions on the SAM website to submit your

completed project.

Final Figure 1: Personal Training Worksheet

Final Figure 2: Consulting Worksheet

Final Figure 3: Corporate Programs Worksheet

Final Figure 4: Training Providers Worksheet

Final Figure 5: Scenario Summary Worksheet

Final Figure 6: Scenario PivotTable Worksheet

Final Figure 7: All Services Worksheet