Excel | Building models exercise | Basic modelling for star XL 07

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The answer to the exercise will be included and explained if you attend the course listed below!

Software ==> Excel  (145 exercises)
Version ==> Excel 2010 and later
Topic ==> Building models  (2 exercises)
Level ==> Average difficulty
Course ==> Excel Business Modelling
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You have been commissioned  by a famous celebrity (definitely A list) to model their expenditure and income, to see why they keep running into debt.  Open the workbook in the folder above to begin.

Create the following inputs:

  • A basic living allowance of £20,000 for each of the first 3 months followed by £30,000 for each of the remaining 9 months
  • An amount for the star's overseas homes starting at £10,000 for the first month and rising by £1,000 a month to £21,000 in the last month
  • An amount for sex, drugs and rock and roll of £5,000 for each of the first two months, then £6,000 for each of the remaining 10 months

Your spreadsheet should now look something like this:

Excel 2010 exercise - Building models (image 1)

Your formatting will look different

Add a revenue section to the Inputs sheet.  This consists of two separate inputs:

  • A month-by-month fee, beginning at £10,000 in month 1 and rising in equal £5,000 amounts to £65,000 in month 12
  • A single-cell input for a multiplier for guest appearances, etc, initially equal to 150% (this should go in column D)

Calculate the star's revenue, costs and "profit" on the calculations sheet - here is what it might look like, with suitable number formatting applied:

Excel 2010 exercise - Building models (image 2)

Notice that the positive and negative numbers line up neatly

Save this workbook as Looks gloomy.xls, then close it down.

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