Essential Skills for Spreadsheets Microsoft Excel 2007 TR Leger Adult Literacy and Employment Preparation Program Table of Contents Computer Course Pre-Evaluation ........................................................................................................5 Introduction to Microsoft Excel 2007 ..................................................................................................6 Opening Excel 2007 ..................................................................
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974±983‚ 2004 Printed in Great Britain. 0949-149X/91 $3.00+0.00 # 2004 TEMPUS Publications. Use of a Spreadsheet Package to Demonstrate Fundamentals of Computational Fluid Dynamics and Heat Transfer* MARK SCHUMACK University of Detroit Mercy‚ Mechanical Engineering Department‚ P.O. Box 19900‚ Detroit‚ MI 48219‚ USA. E-mail: schumamr@udmercy.edu This paper describes how the Solver tool in Microsoft Excel can be used to solve nonlinear systems of equations resulting from finite difference discretization
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3.3 Evaluate break-even analysis as a decision-making tool. The definition of the Break-even analysis: The break-even analysis is an analysis of a product or company’s sales required to neither lose money nor make a profit‚ but simply to cover costs. Explain in mathematical term: total revenues – total costs = 0. The methods: By using a break-even formula or by drawing a break-even chart. Why is it so important using a break-even analysis? Because it gives vital information about a business or
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depend on the price offer by suppliers and volume of service provided. From the figure 1‚ revenue per month is estimated as RM15375. Figure 1: Estimated Revenue per month 7.1 Break-even Analysis Figure 2: Break-even Analysis Based on the break-even analysis‚ we have to serve 160 customers in order to break-even. Our monthly sales must hit RM20800 to cover all the costs. From the statement of cash flow‚ Adorable Pawz start making profit at the 7th month of operation. 8.0 Managing
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Chapter Introduction to Microsoft Excel A spreadsheet is a computer program that turns the computer into a very powerful calculator. Headings and comments can be entered along with detailed formulas. The spreadsheet screen is divided into ROWS and COLUMNS; the intersection between a row and a column is termed a CELL. Usually only a small section of the overall spreadsheet is displayed on the screen. 1 The Microsoft Excel Screen 1 Load Microsoft Excel and you should receive the following
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Winter Survival Exercise Situation You have just crash landed somewhere in the woods of southern Manitoba or possibly northern Minnesota. It is 11:32 am in mid-January. The small plane in which you were travelling crashed onto a small lake. The pilot and co-pilot were killed. Shortly after the crash‚ the plane sank completely into the lake with the pilot and co-pilot’s bodies inside. Everyone else on the flight escaped to land dry and without serious injury. The crash came suddenly before the
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Time Value of Money Problem Assignment – Week 3 Prepare solutions to the following problems and submit them as instructed by your section instructor. Show all calculations‚ or identify the sequence of steps and buttons to your financial calculator‚ to support the solutions you submit. John is purchasing a house for $500‚000. He plans to make a down payment of $100‚000 and take out a 30-year mortgage for $400‚000. If the interest rate on the house is 5.5 per cent per year‚ how much will his monthly
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Spreadsheet Evaluation To create an ICT solution to record and analyse costs for the Actors Associates business I chose Microsoft Excel because it presents the information in a clear way which is easy for the reader to understand. It also performs quick and easy calculations. Use of Formulae. In my excel spreadsheet‚ I used different formulae to perform calculations. Some of the formulae I used include addition and multiplication‚ which i believe are input correctly. I used replication to
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Krannert Graduate School of Management Purdue University MGMT 57000 SPREADSHEET MODELING AND SIMULATION Spring 2014 Instructor: Yanjun Li‚ office: KRAN 422‚ phone: 494-4525‚ e-mail: li14@purdue.edu Office Hours: Tuesday 1:00 – 4:00 pm‚ or by appointment. Course Packet: The course packet contains cases and readings from various sources. Textbook: David Hartvigsen‚ SimQuick: Process Simulation with Excel‚ 2nd Edition‚ Prentice Hall‚ 2004. (ISBN: 0-13-107880-1)
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sequence‚ this concept is of practical importance if we deal with a sequence of successive approximations for an iterative method‚ as then typically fewer iterations are needed to yield a useful approximation if the rate of convergence is higher. This may even make the difference between needing ten or a million iterations. Iterative methods Regular-falsi method: Like the bisection method‚ the false position method starts with two points a0 and b0 such that f(a0) and f(b0) are of
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