Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In Row 1, create a header row with the following labels in bold font: Column A : Vendor Name Column B : Jet Fuel Price

In Row 1, create a header row with the following labels in bold font:

  • Column A: Vendor Name
  • Column B: Jet Fuel Price
  • Column C: Avgas Price

In Column A, Rows 2 through 6, list the following vendors in non-bold font:

  • Yellow Plains Fuel
  • Okie Stokie Fuel
  • Best Ever Fuel
  • Smith Bros Fuel
  • Wild West Fuel

In Columns B and C, Rows 2 through 6, enter imaginary pricing values for all vendors and both types of fuel, keeping the range of values between $5.00 and $10.00 for each type of fuel.The numerical values for each type of fuel must be different.

Format the cells in Columns B and C, Rows 2through 6 as Currency with TWO decimal places.

  • Label the cell in Column A, Row 8, "Best Jet Fuel Price" in bold font.
  • Label the cell in Column A, Row 9, "Jet Fuel Vendor" in bold font.
  • Label the cell in Column A, Row 11, "Best Avgas Price" in bold font.
  • Label the cell in Column A, Row 12, "Avgas Vendor" in bold font.

Using Functions and Formulas

  1. Using the MIN function, create a formula for the cell located in Column B, Row 8 that calculates the lowest value for the Jet Fuelpricing available from the five vendors.
  2. Using the MIN function, create a formula for the cell located in Column C, Row 11 that calculates the lowest value for the Avgaspricing available from the five vendors.
  3. Using nested IF functions, create a formula for the cell in Column B, Row 9 that places the name of the vendor determined to have the "Best Jet Fuel Price."
  4. Select Align Right for the data in the cell located at Column B, Row 9.
  5. Using nested IF functions, create a formula for the cell in Column C. Row 12 that places the name of the vendor determined to have the "Best Avgas Price."
  6. Select Align Right for the data in the cell located at Column C, Row 12.
  7. Select All Bordersfor the cells in Columns A, B, and C, Rows 1 through 12.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516

Students also viewed these Accounting questions