77-427 Exam
The Renewal Guide To 77-427 torrent Mar 2021
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Q21. Which of the following 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?
A. Trendline
B. Line chart
C. Sparkline
D. Backstage view
Answer: C
Explanation:
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. Answer option D is incorrect. 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. Answer option A is incorrect. 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. Answer option B is incorrect. 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.
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A line chart should be used where category labels are text, and are representing evenly spaced Values such as months, quarters, or years.
Q22. 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.
A. 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.
B. Click Compare and Merge Workbooks on Quick Access Toolbar.
C. Open the copy of the shared workbook to merge the changes.
D. Save the workbook if prompted.
E. Add Compare and Merge Workbooks.
F. Click Compare and Merge Workbooks on Macro Enabled Access Toolbar.
Answer: A,B,C,D,E
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.
Q23. You work as an Office Assistant for Blue Well Inc. The company has a Windows-based network. You want to filter data in a PivotTable report without opening drop-down lists to find the items that you want to filter. For this purpose, you are using a slicer. After filtering the data, you want to disconnect the slicer. You have clicked anywhere in the PivotTable report. Which of the following steps will you take next to accomplish the task?
Each correct answer represents a part of the solution. Choose all that apply.
A. Clear the check box of any PivotTable fields for which you want to disconnect a slicer.
B. Right-click the slicer, and then click Remove <Name of slicer>.
C. Click the Insert Slicer arrow, and then click Slicer Connections on the Options tab in the Sort & Filter group.
D. Click the slicer, and then press Delete.
Answer: A,C
Q24. You work as an Office Assistant for Tech Tree Inc. You have created a report in a workbook in Microsoft Excel 2013. You have included various subtotals in a worksheet in the report to verify data accuracy. You want to remove all subtotals from the sheet before you send it to your manager.
Which of the following steps will you take to accomplish the task with the least administrative effort?
A. Select all the subtotals. From the shortcut menu, click the Remove All Subtotals option.
B. Hide the rows containing subtotals.
C. Open the Subtotal dialog box by clicking the Subtotal option in the Outline group on the Data tab. Click the Remove All button.
D. Delete all the rows containing subtotals.
Answer: C
Explanation:
According to the question, you have to remove all subtotals from the worksheet with the least administrative effort. You can remove all subtotals from a worksheet at a time. For this, take the following steps: Open the Subtotal dialog box by clicking the Subtotal option in the Outline group on the Data tab.
Click the Remove All option.
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Answer option A is incorrect. No such option is provided in Excel 2013.
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Answer option B is incorrect. Although this will hide the rows containing the subtotals, the
contents will remain there and can be made visible by using the Unhide row option.
Moreover, the question specifically specifies to remove all subtotals from the sheet.
Answer option D is incorrect. Although this step will accomplish the task, it will involve a lot of administrative burden of selecting each row and deleting it manually.
Q25. You work as an Office Assistant for Tech Perfect Inc. You are working in the spreadsheet of the company's high selling products. You want to find out the matching values in the columns. While doing so, you get an unexpected error that when you attempt to look up or match a lookup_value within an array; Excel is not able to recognize the matching value. You want to store sets of values as text and convert sets of data to text by using Excel's Text To Columns tool. Which of the following steps will you take to accomplish the task?
Each correct answer represents a part of the solution. Choose all that apply.
A. Select the Text to Columns option from the Data tab at the top of the Excel workbook.
B. Select Text and click the Finish button in Column Data Formats.
C. Select the Delimited option and click Next
D. Make sure that all delimiter options are unselected, and then again click Next.
E. Remove the unseen spaces at the start or end of the first Macro cell.
F. Select the cells to convert their data to text.
Answer: A,B,C,D,F
Explanation:
In this situation, you will take the following steps:
1. Select the cells to convert their data to text.
2. Select the Text to Columns option from the Data tab at the top of your Excel workbook.
3. Select the Delimited option and click Next.
4. Make sure that all delimiter options are unselected, and then again click Next.
5. Select Text and click the Finish button in Column Data Formats.
Q26. 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 select the Encrypt with Password option as a protection measure for the document you are sharing. Now, you have to specify a password in the Password box in the Encrypt Document dialog box appeared for editing the document. But you have forgotten the password. What will happen in this situation?
A. You will use a new password.
B. You will ask Microsoft to retrieve the password.
C. You will fetch the password from the list in which you have saved it.
D. You will create a new document.
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.
C:\Documents and Settings\Administrator\Desktop\1.JPG Answer option D is incorrect. You can create a new document with the same details but it will increase the overhead and is a very time consuming process. Answer option D is incorrect. You can create a new document with the same details but it will increase the overhead and is a very time consuming process.
Q27. You work as a Finance Manager for Blue Well Inc. The company has a Windows-based network. You are using Excel spreadsheet for maintaining financial budget and other financial calculations. You want to return the depreciation of an asset for a specified period by using the fixed-declining balance method and to return the future value of a starting principal after applying a series of compound interest rates.
Which of the following financial functions will you use to accomplish the task? Each correct answer represents a complete solution. Choose all that apply.
A. DB function
B. NPV function
C. DDB function
D. FVSCHEDULE function
Answer: A,D
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.
Q28. 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?
A. PRICE function
B. PPMT function
C. PRICEMAT function
D. PRICEDISC function
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 intoa 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.
Q29. You work as an Office Assistant for Blue Well Inc. The company has a Windows-based network. You want to make a slicer available for use in another PivotTable. Which of the following steps will you take to accomplish the task?
Each correct answer represents a part of the solution. Choose all that apply.
A. Click the Insert Slicer arrow, and then click Slicer Connections on the Options tab in the Sort & Filter group.
B. In the Slicer Connections dialog box, clear the check box of any PivotTable fields for which you want to disconnect a slicer.
C. In the PivotTable Connections dialog box, select the check box of the PivotTables in which you want the slicer to be available.
D. Click the slicer that you want to share in another PivotTable.
Answer: C,D
Q30. 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.
A. History tracking
B. Onscreen highlighting
C. Slicer-enabled highlighting
D. Reviewing of changes
Answer: A,B,D
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. Answer option C is incorrect. This is an invalid answer option.