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7. You are now completing the Summary worksheet. What formula would you enter, and where, to obtain each of the following: (a) Starting Balance (b)

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7. You are now completing the Summary worksheet. What formula would you enter, and where, to obtain each of the following: (a) Starting Balance (b) Total Income (c) Total Expenditures (d) Ending Balance Monthly worksheets (Jan-Dec): Summary worksheet: F F E 8 Starting Balance 9 Income 10 Expenditure 11 Ending Balance E Starting Balance 9 Income 10 Expenditure 11 Ending Balance 8. You now have 3 additional Excel workbooks - FINANCES_10.xlsx, FINANCES_11.xlsx, and FINANCES_12.xlsx - for managing financial information from 2010-2012. Each is identical in structure to FINANCES_09.xlsx: all data and formulae are in place. You also have a workbook called FSUMMARY.xlsx, with a single worksheet structured as follows: D E F G 4 Year Starting Balance Total Total Ending Income Expenditures Balance 2009 5 6 2010 7 2011 2012 7 All workbooks are in the same directory as FINANCES_09.xlsx. (a) What formula (using absolute cell references) should go in cell D5? (b) Given the formula in cell D5, describe how you would complete the table (i.e., cells D5:48), in the most efficient manner possible. 7. You are now completing the Summary worksheet. What formula would you enter, and where, to obtain each of the following: (a) Starting Balance (b) Total Income (c) Total Expenditures (d) Ending Balance Monthly worksheets (Jan-Dec): Summary worksheet: F F E 8 Starting Balance 9 Income 10 Expenditure 11 Ending Balance E Starting Balance 9 Income 10 Expenditure 11 Ending Balance 8. You now have 3 additional Excel workbooks - FINANCES_10.xlsx, FINANCES_11.xlsx, and FINANCES_12.xlsx - for managing financial information from 2010-2012. Each is identical in structure to FINANCES_09.xlsx: all data and formulae are in place. You also have a workbook called FSUMMARY.xlsx, with a single worksheet structured as follows: D E F G 4 Year Starting Balance Total Total Ending Income Expenditures Balance 2009 5 6 2010 7 2011 2012 7 All workbooks are in the same directory as FINANCES_09.xlsx. (a) What formula (using absolute cell references) should go in cell D5? (b) Given the formula in cell D5, describe how you would complete the table (i.e., cells D5:48), in the most efficient manner possible

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