Course 2 - Week 3 Assessment
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9 Click in D7 and use Autosum to get the total spent in USD.
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A travel expenses template has been compiled for your company to make it easier for staff to record
their expenses when travelling to branches in other countries. It has recently been updated and the
named ranges have been damaged in the process so most of the formulas are returning an error. You
need to correct the named ranges to fix the problem.
Have a look at the Travel Expense worksheet. Note there are quite a few errors. Start by
addressing the problem of the missing exchange rates by naming the ranges. Go to the Currency
Rates worksheet and use Create from Selection to name all the rates using the labels in column
A.
While the calculation of Other Expenses is looking better it is still not correct. Open the Name
Manager. There is a range called "Coffee" that is no longer used, so delete it. Now have a look
at Ex_Rate, it only goes to row 14, which explains the incorrect calculation. Edit it to go from
L11:L21. Click OK and close the name manager.
Let's fix Travel Costs next. Open the Name Manager, there is a named range called Travel_Costs,
but this is the wrong name, change it to TravelCosts and click OK and close the name manager.
Next, Lodging Costs, use any method you think suitable to give the name "Lodging_Costs" to
range F11:F21
And now to fix meals, let's be efficient and use Create from Selection to name all three ranges
simultaneously. Select G10:I21 and click Create from Selection.
Our Travel Expense worksheet is now looking good, but we would also like to complete a
breakdown of expenses by region. Start with adding the following named ranges:
E11:J14 - London
E15:J18 - Paris
E19:J21 - Mumbai
Now go to the Summary By Region worksheet and observe the calculated values for London.
Enter a formula in C5 to add up the total amount spent in Paris (used the named range you just
created. Then do the same in C6 for Mumbai.
In D5 create a calculation to convert Euros to Dollars by multiplying the Euros spent (C5) by the
exchange rate for Euro (which is named EUR). Perform a similar calculation to convert the
Indian Rupees to dollar.
Click in B9 (still in Summary By Region), and use the Paste Names tool to Paste all the named
ranges into your workbook.
