77-427: Excel 2013 Expert Part One - Free download from Exam Files

Rick works as an Office Assistant for Tech Perfect Inc. The company has a Windows- based network. He is creating a form through Microsoft Excel 2013.

He wants to enable worksheet forms to satisfy the flexible design requirements and to customize their appearance, behavior, fonts, and other characteristics.

Which of the following will Rick use to accomplish the task?

Form control
Accounting template
Trust Center
ActiveX control

Correct answer: D

Explanation:

ActiveX controls are used on worksheet forms, with or without the use of VBA code, and on VBA UserForms. They are used when a user needs more flexible design requirements than those provided by Form controls. They have extensive properties that can be used to customize their appearance, behavior, fonts, and other characteristics. The user can control different events that occur when an ActiveX control is interacted with. He can also write macros that respond to events associated with the ActiveX controls. When a user interacts with the control, the VBA code runs to process any events that occur for that control. The ActiveX controls cannot be added to chart sheets from the user interface or to XLM macro sheets. It is not possible to assign a macro to run directly from the ActiveX control. Incorrect Answers:A: A form control is an original control that is compatible with old versions of Excel, beginning with Excel version 5. 0. It is designed for use on XLM macro sheets. It can be used when a user wants to simply interact with cell data without using VBA code and when he wants to add controls to chart sheets. By using form controls, the user can run macros. He can attach an existing macro to a control, or write or record a new macro. These controls cannot be added to UserForms, used to control events, or modified to run Web scripts on Web pages.B: The accounting template is used for numbering months of a financial year to period numbering. It is used to compare month to month, actual v budget, quarter to quarter, year to year variances. It is the initial point for other reports that need the use of months.C: Trust Center is where a user can find security and privacy settings for Microsoft Office 2013 programs.References: https://support.office.com/en-us/article/overview-of-forms-form-controls-and-activex-controls-on-a-worksheet-15ba7e28-8d7f-42ab-9470-ffb9ab94e7c2

ActiveX controls are used on worksheet forms, with or without the use of VBA code, and on VBA UserForms. They are used when a user needs more flexible design requirements than those provided by Form controls. They have extensive properties that can be used to customize their appearance, behavior, fonts, and other characteristics. The user can control different events that occur when an ActiveX control is interacted with. He can also write macros that respond to events associated with the ActiveX controls. When a user interacts with the control, the VBA code runs to process any events that occur for that control. The ActiveX controls cannot be added to chart sheets from the user interface or to XLM macro sheets. It is not possible to assign a macro to run directly from the ActiveX control.

Incorrect Answers:

A: A form control is an original control that is compatible with old versions of Excel, beginning with Excel version 5. 0. It is designed for use on XLM macro sheets. It can be used when a user wants to simply interact with cell data without using VBA code and when he wants to add controls to chart sheets. By using form controls, the user can run macros. He can attach an existing macro to a control, or write or record a new macro. These controls cannot be added to UserForms, used to control events, or modified to run Web scripts on Web pages.

B: The accounting template is used for numbering months of a financial year to period numbering. It is used to compare month to month, actual v budget, quarter to quarter, year to year variances. It is the initial point for other reports that need the use of months.

C: Trust Center is where a user can find security and privacy settings for Microsoft Office 2013 programs.

References: https://support.office.com/en-us/article/overview-of-forms-form-controls-and-activex-controls-on-a-worksheet-15ba7e28-8d7f-42ab-9470-ffb9ab94e7c2

You work as a Finance Manager for Blue Well Inc. The company has a Windows-based network.

You are using Excel spreadsheet for maintaining the financial budget and other financial calculations. You want to return the price per $100 face value of a security that pays interest at maturity.

Which of the following financial functions will you use to accomplish the task?

PRICE function
PPMT function
PRICEMAT function
PRICEDISC function

Correct answer: C

Explanation:

Various financial functions (reference) are as follows:1. ACCRINT function: It is used to return the accrued interest for a security that pays periodic interest.2. ACCRINTM function: It is used to return the accrued interest for a security that pays interest at maturity.3. AMORDEGRC function: It is used to return the depreciation for each accounting period by using a depreciation coefficient.4. COUPDAYBS function: It is used to return the number of days from the beginning of the coupon period to the settlement date.5. AMORLINC function: It is used to return the depreciation for each accounting period.6. COUPDAYS function: It is used to return the number of days in the coupon period containing the settlement date.7. COUPDAYSNC function: It is used to return the number of days from the settlement date to the next coupon date.8. COUPNCD function: It is used to return the next coupon date after the settlement date.9. COUPNUM function: It is used to return the number of coupons payable between the settlement date and maturity date.10. COUPPCD function: It is used to return the previous coupon date before the settlement date.11. CUMIPMT function: It is used to return the cumulative interest paid between two periods.12. CUMPRINC function: It is used to return the cumulative principal paid on a loan between two periods.13. DB function: It is used to return the depreciation of an asset for a specified period by using the fixed-declining balance method.14. DDB function: It is used to return the depreciation of an asset for a particular period by using the double-declining balance method.15. DISC function: It is used to return the discount rate for a security.16. DOLLARDE function: It is used to convert a dollar price that is expressed as a fraction into a dollar price that is expressed as a decimal number.17. DOLLARFR function: It is used to convert a dollar price that is expressed as a decimal number into a dollar price that is expressed as a fraction.18. DURATION function: It is used to return the annual duration of a security with periodic interest payments.19. EFFECT function: It is used to return the effective annual interest rate.20. FV function: It is used to return the future value of an investment.21. FVSCHEDULE function: It is used to return the future value of a starting principal after applying a series of compound interest rates.22. INTRATE function: It is used to return the interest rate for a fully invested security.23. IPMT function: It is used to return the interest payment for an investment for a specified period.24. IRR function: It is used to return the internal rate of return for a series of cash flows.25. ISPMT function: It is used to calculate the interest paid during a particular period of an investment.26. MDURATION function: It is used to return the Macauley modified duration for a security with an assumed par value of $100.27. MIRR function: It is used to return the internal rate of return in which positive and negative cash flows are financed at different rates.28. NOMINAL function: It is used to return the annual nominal interest rate.29. NPER function: It is used to return the number of periods for an investment.30. NPV function: It is used to return the net present value of an investment on the basis of a series of periodic cash flows and a discount rate.31. ODDFPRICE function: It is used to return the price per $100 face value of a security with an odd first period.32. ODDFYIELD function: It is used to return the yield of a security with an odd first period.33. ODDLPRICE function: It is used to return the price per $100 face value of a security with an odd last period.34. ODDLYIELD function: It is used to return the yield of a security with an odd last period.35. PMT function: It is used to return the periodic payment for an annuity.36. PPMT function: It is used to return the payment on the principal for an investment for a particular defined period.37. PRICE function: It is used to return the price per $100 face value of a security that pays periodic interest.38. PRICEDISC function: It is used to return the price per $100 face value of a discounted security.39. PRICEMAT function: It is used to return the price per $100 face value of a security that pays interest at maturity.40. PV function: It is used to return the current value of an investment.41. RATE function: It is use d to return the interest rate per period of an annuity.42. RECEIVED function: It is used to return the amount received at maturity for a fully invested security.43. SLN function: It is used to return the straight-line depreciation of an asset for one period.44. SYD function: It is used to return the sum-of-years' digits depreciation of an asset for a particular period.45. TBILLEQ function: It is used to return the bond-equivalent yield for a Treasury bill.46. TBILLPRICE function: It is used to return the price per $100 face value for a Treasury bill.47. TBILLYIELD function: It is used to return the yield for a Treasury bill.48. VDB function: It is used to return the depreciation of an asset for a specified or partial period by using a declining balance method.49. XIRR function: It is used to return the internal rate of return for a schedule of cash flows that is not necessarily periodic.50. XNPV function: It is used to return the net present value for a schedule of cash flows that is not necessarily periodic.51. YIELD function: It is used to return the yield on a security that pays periodic interest.52. YIELDDISC function: It is used to return the annual yield for a discounted security.53. YIELDMAT function: It is used to return the annual yield of a security that pays interest at maturity.References: https://support.office.com/en-us/article/pricemat-function-52c3b4da-bc7e-476a-989f-a95f675cae77

Various financial functions (reference) are as follows:

1. ACCRINT function: It is used to return the accrued interest for a security that pays periodic interest.

2. ACCRINTM function: It is used to return the accrued interest for a security that pays interest at maturity.

3. AMORDEGRC function: It is used to return the depreciation for each accounting period by using a depreciation coefficient.

4. COUPDAYBS function: It is used to return the number of days from the beginning of the coupon period to the settlement date.

5. AMORLINC function: It is used to return the depreciation for each accounting period.

6. COUPDAYS function: It is used to return the number of days in the coupon period containing the settlement date.

7. COUPDAYSNC function: It is used to return the number of days from the settlement date to the next coupon date.

8. COUPNCD function: It is used to return the next coupon date after the settlement date.

9. COUPNUM function: It is used to return the number of coupons payable between the settlement date and maturity date.

10. COUPPCD function: It is used to return the previous coupon date before the settlement date.

11. CUMIPMT function: It is used to return the cumulative interest paid between two periods.

12. CUMPRINC function: It is used to return the cumulative principal paid on a loan between two periods.

13. DB function: It is used to return the depreciation of an asset for a specified period by using the fixed-declining balance method.

14. DDB function: It is used to return the depreciation of an asset for a particular period by using the double-declining balance method.

15. DISC function: It is used to return the discount rate for a security.

16. DOLLARDE function: It is used to convert a dollar price that is expressed as a fraction into a dollar price that is expressed as a decimal number.

17. DOLLARFR function: It is used to convert a dollar price that is expressed as a decimal number into a dollar price that is expressed as a fraction.

18. DURATION function: It is used to return the annual duration of a security with periodic interest payments.

19. EFFECT function: It is used to return the effective annual interest rate.

20. FV function: It is used to return the future value of an investment.

21. FVSCHEDULE function: It is used to return the future value of a starting principal after applying a series of compound interest rates.

22. INTRATE function: It is used to return the interest rate for a fully invested security.

23. IPMT function: It is used to return the interest payment for an investment for a specified period.

24. IRR function: It is used to return the internal rate of return for a series of cash flows.

25. ISPMT function: It is used to calculate the interest paid during a particular period of an investment.

26. MDURATION function: It is used to return the Macauley modified duration for a security with an assumed par value of $100.

27. MIRR function: It is used to return the internal rate of return in which positive and negative cash flows are financed at different rates.

28. NOMINAL function: It is used to return the annual nominal interest rate.

29. NPER function: It is used to return the number of periods for an investment.

30. NPV function: It is used to return the net present value of an investment on the basis of a series of periodic cash flows and a discount rate.

31. ODDFPRICE function: It is used to return the price per $100 face value of a security with an odd first period.

32. ODDFYIELD function: It is used to return the yield of a security with an odd first period.

33. ODDLPRICE function: It is used to return the price per $100 face value of a security with an odd last period.

34. ODDLYIELD function: It is used to return the yield of a security with an odd last period.

35. PMT function: It is used to return the periodic payment for an annuity.

36. PPMT function: It is used to return the payment on the principal for an investment for a particular defined period.

37. PRICE function: It is used to return the price per $100 face value of a security that pays periodic interest.

38. PRICEDISC function: It is used to return the price per $100 face value of a discounted security.

39. PRICEMAT function: It is used to return the price per $100 face value of a security that pays interest at maturity.

40. PV function: It is used to return the current value of an investment.

41. RATE function: It is use d to return the interest rate per period of an annuity.

42. RECEIVED function: It is used to return the amount received at maturity for a fully invested security.

43. SLN function: It is used to return the straight-line depreciation of an asset for one period.

44. SYD function: It is used to return the sum-of-years' digits depreciation of an asset for a particular period.

45. TBILLEQ function: It is used to return the bond-equivalent yield for a Treasury bill.

46. TBILLPRICE function: It is used to return the price per $100 face value for a Treasury bill.

47. TBILLYIELD function: It is used to return the yield for a Treasury bill.

48. VDB function: It is used to return the depreciation of an asset for a specified or partial period by using a declining balance method.

49. XIRR function: It is used to return the internal rate of return for a schedule of cash flows that is not necessarily periodic.

50. XNPV function: It is used to return the net present value for a schedule of cash flows that is not necessarily periodic.

51. YIELD function: It is used to return the yield on a security that pays periodic interest.

52. YIELDDISC function: It is used to return the annual yield for a discounted security.

53. YIELDMAT function: It is used to return the annual yield of a security that pays interest at maturity.

References: https://support.office.com/en-us/article/pricemat-function-52c3b4da-bc7e-476a-989f-a95f675cae77

Rick works as an Office Assistant for Tech Perfect Inc. He is creating a report through Microsoft Excel 2013. Rick wants to interact with cell data but his computer does not contain VBA code and few features of his computer are still Excel 5. 0 features.

Which of the following will Rick use to accomplish the task?

Accounting template
Trust Center
Form control
Evaluate Formula

Correct answer: C

Explanation:

A form control is an original control that is compatible with old versions of Excel, beginning with Excel version 5. 0. It is designed for use on XLM macro sheets. It can be used when a user wants to simply interact with cell data without using VBA code and when he wants to add controls to chart sheets. By using form controls, the user can run macros. He can attach an existing macro to a control, or write or record a new macro. These controls cannot be added to UserForms, used to control events, or modified to run Web scripts on Web pages. Incorrect Answers:A: The accounting template is used for numbering months of a financial year to period numbering. It is used to compare month to month, actual v budget, quarter to quarter, year to year variances. It is the initial point for other reports that need the use of months.B: Trust Center is where a user can find security and privacy settings for Microsoft Office 2013 programs.D: Evaluate Formula is the formula examination tool provided by Microsoft Excel. This tool is useful for examining formulas that do not produce any error but are not generating the expected result.References: https://support.office.com/en-us/article/overview-of-forms-form-controls-and-activex-controls-on-a-worksheet-15ba7e28-8d7f-42ab-9470-ffb9ab94e7c2

A form control is an original control that is compatible with old versions of Excel, beginning with Excel version 5. 0. It is designed for use on XLM macro sheets. It can be used when a user wants to simply interact with cell data without using VBA code and when he wants to add controls to chart sheets. By using form controls, the user can run macros. He can attach an existing macro to a control, or write or record a new macro. These controls cannot be added to UserForms, used to control events, or modified to run Web scripts on Web pages.

Incorrect Answers:

A: The accounting template is used for numbering months of a financial year to period numbering. It is used to compare month to month, actual v budget, quarter to quarter, year to year variances. It is the initial point for other reports that need the use of months.

B: Trust Center is where a user can find security and privacy settings for Microsoft Office 2013 programs.

D: Evaluate Formula is the formula examination tool provided by Microsoft Excel. This tool is useful for examining formulas that do not produce any error but are not generating the expected result.

References: https://support.office.com/en-us/article/overview-of-forms-form-controls-and-activex-controls-on-a-worksheet-15ba7e28-8d7f-42ab-9470-ffb9ab94e7c2

You work as an Office Assistant for Blue well Inc. The company has a Windows-based network.

You want to create a VBA procedure for the open event of a workbook. You are at the step of adding the following lines of code to the procedure:

"Private Sub Workbook_Open() MsgBox Time Worksheets("Sheet2").Range("A2").Value = Time End Sub"

Which of the following are the next steps that you will take to accomplish the task?

Each correct answer represents a part of the solution. Choose all that apply.

Under Macro Settings in the Macro Settings category, click Enable all macros, and then click OK.
Switch to Excel and save the workbook with the .xslm extension as a macro-enabled workbook and close it.
Reopen the workbook.
Click OK in the message box.

Correct answer: BCD

Explanation:

References: https://analysistabs.com/excel-vba/run-macro-automatically-opening-workbook/

Which of the following steps will you take to merge copies of a shared workbook?

Each correct answer represents a part of the solution. Choose all that apply.

In the Select Files to Merge into Current Workbook dialog box, click a copy of the workbook containing changes to be merged, and then click OK.
Click Compare and Merge Workbooks on Quick Access Toolbar.
Open the copy of the shared workbook to merge the changes.
Save the workbook if prompted.
Add Compare and Merge Workbooks.
Click Compare and Merge Workbooks on Macro Enabled Access Toolbar.

Correct answer: ABCDE

Explanation:

Take the following steps to merge copies of a shared workbook:1. Add Compare and Merge Workbooks. 2. Open the copy of the shared workbook to merge the changes. 3. Click Compare and Merge Workbooks on Quick Access Toolbar. 4. Save the workbook if prompted. 5. In the Select Files to Merge into Current Workbook dialog box, click a copy of the workbook containing changes to be merged, and then click OK. References: https://support.office.com/en-us/article/merge-copies-of-a-shared-workbook-aa7c3598-5ad7-4fea-8c00-2daa7a934239

Take the following steps to merge copies of a shared workbook:

1. Add Compare and Merge Workbooks.

2. Open the copy of the shared workbook to merge the changes.

3. Click Compare and Merge Workbooks on Quick Access Toolbar.

4. Save the workbook if prompted.

5. In the Select Files to Merge into Current Workbook dialog box, click a copy of the workbook containing changes to be merged, and then click OK.

References: https://support.office.com/en-us/article/merge-copies-of-a-shared-workbook-aa7c3598-5ad7-4fea-8c00-2daa7a934239

You work as an Office Assistant for Blue Well Inc. The company has a Windows-based network. Some employees have changed some data in the worksheet of the company.

You want to identify changes that were made to the data in the workbook and then take a decision whether to accept or reject those changes. For this purpose, it is required to access and use the stored change history.

Which of the following will you use to accomplish the task? Each correct answer represents a complete solution. Choose all that apply.

History tracking
Onscreen highlighting
Slicer-enabled highlighting
Reviewing of changes

Correct answer: ABD

Explanation:

The following ways are provided by Excel to access and use the stored change history:1. Onscreen highlighting: It is used when a workbook does not contain many changes and a user wants to see all changes at a glance.2. History tracking: It is used when a workbook has many changes and a user wants to investigate what occurred in a series of changes.3. Reviewing of changes: It is used when a user is evaluating comments from other users.Incorrect Answers:C: This is an invalid answer option.References: https://support.office.com/en-us/article/track-changes-in-a-shared-workbook-22aea671-cac7-4fa3-845d-eeb23725bd15

The following ways are provided by Excel to access and use the stored change history:

1. Onscreen highlighting: It is used when a workbook does not contain many changes and a user wants to see all changes at a glance.

2. History tracking: It is used when a workbook has many changes and a user wants to investigate what occurred in a series of changes.

3. Reviewing of changes: It is used when a user is evaluating comments from other users.

Incorrect Answers:

C: This is an invalid answer option.

References: https://support.office.com/en-us/article/track-changes-in-a-shared-workbook-22aea671-cac7-4fa3-845d-eeb23725bd15

You work as a Sales Manager for Tech Perfect Inc. You are creating a report for your sales team Using Microsoft Excel. You want the report to appear in the following format:

You want the Remark column to be filled through a conditional formula. The criteria to give the remark is as follows:

If the sales of the First Quarter are greater than or equal to 1200, display "Well Done" If the sales of the First Quarter is less than 1200, display "Improve in Next Quarter" You have done most of the entries in a workbook. You select the F2 cell as shown in the image given below:

Which of the following conditional formulas will you insert to accomplish the task?

=IF(E2>=1200,"Improve in Next Quarter","Well Done")
=IF(E2<=1200,"Well Done","Improve in Next Quarter")
=IF(E2>=1200,"Well Done","Improve in Next Quarter")
=IF(E2>1200,"Improve in Next Quarter","Well Done")

Correct answer: C

Explanation:

In order to accomplish the task, you will have to insert the following formula in the F2 cell:=IF(E2>=1200,"Well Done","Improve in Next Quarter") Incorrect Answers:A: This will display the wrong messages for the given conditions. The first expression after the logical condition is returned by the IF function when the condition is TRUE.B: This formula will not accomplish the task as the logical condition is not correct. The specified condition in this formula is testing for values less than or equal to 1200. Whereas, the question's requirement is to evaluate values greater than or equal to 1200.D: This formula will not accomplish the task because of the two reasons.First, the equal sign is missing in the condition. Second, the expressions are not in the correct order. References: https://support.office.com/en-us/article/if-function-69aed7c9-4e8a-4755-a9bc-aa8bbff73be2

In order to accomplish the task, you will have to insert the following formula in the F2 cell:

=IF(E2>=1200,"Well Done","Improve in Next Quarter")

Incorrect Answers:

A: This will display the wrong messages for the given conditions. The first expression after the logical condition is returned by the IF function when the condition is TRUE.

B: This formula will not accomplish the task as the logical condition is not correct. The specified condition in this formula is testing for values less than or equal to 1200. Whereas, the question's requirement is to evaluate values greater than or equal to 1200.

D: This formula will not accomplish the task because of the two reasons.

First, the equal sign is missing in the condition. Second, the expressions are not in the correct order.

References: https://support.office.com/en-us/article/if-function-69aed7c9-4e8a-4755-a9bc-aa8bbff73be2

You work as an Office Assistant for Blue Well Inc. The company has a Windows-based network. You are creating a chart in Excel 2013. You want to show the slope of data points in the chart to know the trend of the Business Intelligence data range.

Which of the following will you use to accomplish the task?

Trendline
Sparkline
Backstage view
Line charts

Correct answer: A

Explanation:

A trendline is defined in Excel 2013. It is a data visualization tool to display the trend of a particular data range. It is used to show the slope of data points in a chart. There are various types of trendlines, such as linear trendlines, exponential trendlines, and linear forecast trendlines. Incorrect Answers:B: A sparkline is defined as a tiny chart in the background of a cell. Unlike charts on an Excel worksheet, sparklines are not objects. It is used because data presented in a row or column is useful, but patterns can be hard to spot at a glance. It is used to display a trend based on adjacent data in a clear and compact graphical representation by taking up a small amount of space. The benefit of using the sparklines is that these can be printed when a user prints a worksheet that contains them. This feature is not available in charts.C: The Microsoft Office Backstage view is used to replace the traditional file menu with a new approach that uses In and Out features for efficiency. The improved Ribbon enables users to access their preferred commands rapidly and create custom tabs to personalize the way they work.D: Excel provides a column chart facility to display data that is arranged in columns or rows on a worksheet. Line charts are used to display continuous data over time, set against a common scale. In a line chart, category data is distributed along the horizontal axis, and all value data is distributed along the vertical axis. Line charts are ideal for showing trends in data at equal intervals. C:\Documents and Settings\Administrator\Desktop\1.JPGA line chart should be used where category labels are text, and are representing evenly spaced values such as months, quarters, or years. References: http://excel.officetuts.net/en/training/trendlines

A trendline is defined in Excel 2013. It is a data visualization tool to display the trend of a particular data range. It is used to show the slope of data points in a chart. There are various types of trendlines, such as linear trendlines, exponential trendlines, and linear forecast trendlines.

Incorrect Answers:

B: A sparkline is defined as a tiny chart in the background of a cell. Unlike charts on an Excel worksheet, sparklines are not objects. It is used because data presented in a row or column is useful, but patterns can be hard to spot at a glance. It is used to display a trend based on adjacent data in a clear and compact graphical representation by taking up a small amount of space. The benefit of using the sparklines is that these can be printed when a user prints a worksheet that contains them. This feature is not available in charts.

C: The Microsoft Office Backstage view is used to replace the traditional file menu with a new approach that uses In and Out features for efficiency. The improved Ribbon enables users to access their preferred commands rapidly and create custom tabs to personalize the way they work.

D: Excel provides a column chart facility to display data that is arranged in columns or rows on a worksheet. Line charts are used to display continuous data over time, set against a common scale. In a line chart, category data is distributed along the horizontal axis, and all value data is distributed along the vertical axis. Line charts are ideal for showing trends in data at equal intervals.

C:\Documents and Settings\Administrator\Desktop\1.JPG

A line chart should be used where category labels are text, and are representing evenly spaced values such as months, quarters, or years.

References: http://excel.officetuts.net/en/training/trendlines

You work as an Office Assistant for Dreams Unlimited Inc. You use Microsoft Excel 2013 for creating various types of reports. You have created a report in the format given below:

In the A7 cell, you are required to put a formula so that it can fulfill the description provided in the B7 cell.

Which of the following formulas will provide the required result?

COUNTIF(B2:C5,"=Yes")
COUNTIFS(B2:C5,"=Yes")
COUNTIF(B2:B5,"=Yes",C2:C5,"=Yes")
COUNTIFS(B2:B5,"=Yes",C2:C5,"=Yes")

Correct answer: D

Explanation:

In order to get the required result, you will have to insert the following formula in the B7 cell: COUNTIFS(B2:B5,"=Yes",C2:C5,"=Yes") Only Sarah and David have exceeded their January and February quotas, therefore the formula will provide 2 as the result.Incorrect Answers:Answer options A, B: This formula will count all the cells that have the value "Yes" in the range B2:C5. As multiple criteria are not applied in the formula, it will provide 6 as the result. In the A7 cell, you are required to put a formula so that it can fulfill the description provided in the B7 cell. Which of the following formulas will provide the required result?C: The COUNTIF function of Excel does not support multiple criteria.References: https://support.office.com/en-us/article/countifs-function-dda3dc6e-f74e-4aee-88bc-aa8c2a866842

In order to get the required result, you will have to insert the following formula in the B7 cell: COUNTIFS(B2:B5,"=Yes",C2:C5,"=Yes") Only Sarah and David have exceeded their January and February quotas, therefore the formula will provide 2 as the result.

Incorrect Answers:

Answer options A, B: This formula will count all the cells that have the value "Yes" in the range B2:C5. As multiple criteria are not applied in the formula, it will provide 6 as the result. In the A7 cell, you are required to put a formula so that it can fulfill the description provided in the B7 cell. Which of the following formulas will provide the required result?

C: The COUNTIF function of Excel does not support multiple criteria.

References: https://support.office.com/en-us/article/countifs-function-dda3dc6e-f74e-4aee-88bc-aa8c2a866842

You work as an Office Assistant for Media Perfect Inc. You have created a spreadsheet in Excel 2013 and shared it with the other employees of the company.

You want to protect the worksheet and locked cells by permitting or prohibiting other employees to select, format, insert, delete, sort, or edit areas of the spreadsheet.

Which of the following options will you use to accomplish the task?

Mark as Final
Encrypt with Password
Protect Current Sheet
Protect Workbook Structure

Correct answer: C

Explanation:

The various Protect Workbook options are as follows:1. Mark as Final: This option is used to make the document read-only. When a spreadsheet is marked as final, various options such as typing, editing commands, and proofing marks are disabled or turned off and the spreadsheet becomes read-only. This command helps a user to communicate that he is sharing a completed version of a spreadsheet. This command also prevents reviewers or readers from making inadvertent modifications to the spreadsheet.2. Encrypt with Password: When a user selects the Encrypt with Password option, the Encrypt Document dialog box appears. In the Password box, it is required to specify a password. Microsoft is not able to retrieve lost or forgotten passwords, so it is necessary for a user to keep a list of passwords and corresponding file names in a safe place.3. Protect Current Sheet: This option is used to select password protection and permit or prohibit other users to select, format, insert, delete, sort, or edit areas of the spreadsheet. This option protects the worksheet and locked cells.4. Protect Workbook Structure: This option is used to select password protection and select options to prevent users from changing, moving, and deleting important data. This feature enables a user to protect the structure of the worksheet.5. Restrict Permission by People: This option works on the basis of Window Rights Management to restrict permissions. A user is required to use a Windows Live ID or a Microsoft Windows account to restrict permissions. These permissions can be applied via a template that is used by the organization in which the user is working. These permissions can also be added by clicking Restrict Access.6. Add a Digital Signature: This option is used to add a visible or invisible digital signature. It authenticates digital information such as documents, e-mail messages, and macros by using computer cryptography. These signatures are created by specifying a signature or by using an image of a signature for establishing authenticity, integrity, and non-repudiation. References: http://www.addintools.com/documents/excel/where-is-protect-sheet.html

The various Protect Workbook options are as follows:

1. Mark as Final: This option is used to make the document read-only. When a spreadsheet is marked as final, various options such as typing, editing commands, and proofing marks are disabled or turned off and the spreadsheet becomes read-only. This command helps a user to communicate that he is sharing a completed version of a spreadsheet. This command also prevents reviewers or readers from making inadvertent modifications to the spreadsheet.

2. Encrypt with Password: When a user selects the Encrypt with Password option, the Encrypt Document dialog box appears. In the Password box, it is required to specify a password. Microsoft is not able to retrieve lost or forgotten passwords, so it is necessary for a user to keep a list of passwords and corresponding file names in a safe place.

3. Protect Current Sheet: This option is used to select password protection and permit or prohibit other users to select, format, insert, delete, sort, or edit areas of the spreadsheet. This option protects the worksheet and locked cells.

4. Protect Workbook Structure: This option is used to select password protection and select options to prevent users from changing, moving, and deleting important data. This feature enables a user to protect the structure of the worksheet.

5. Restrict Permission by People: This option works on the basis of Window Rights Management to restrict permissions. A user is required to use a Windows Live ID or a Microsoft Windows account to restrict permissions. These permissions can be applied via a template that is used by the organization in which the user is working. These permissions can also be added by clicking Restrict Access.

6. Add a Digital Signature: This option is used to add a visible or invisible digital signature. It authenticates digital information such as documents, e-mail messages, and macros by using computer cryptography. These signatures are created by specifying a signature or by using an image of a signature for establishing authenticity, integrity, and non-repudiation.