77-427 Exam
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Q11. 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?
A. Trendline
B. Sparkline
C. Backstage view
D. Line charts
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. Answer option B is incorrect. 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 C 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 D 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.
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.
Q12. 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?
A. COUNTIF(B2:C5,"=Yes")
B. COUNTIFS(B2:C5,"=Yes")
C. COUNTIF(B2:B5,"=Yes",C2:C5,"=Yes")
D. COUNTIFS(B2:B5,"=Yes",C2:C5,"=Yes")
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.
Answer option C is incorrect. The COUNTIF function of Excel does not support multiple criteria.
Answer options A and B are incorrect. 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?
A. COUNTIF(B2:C5,"=Yes")
B. COUNTIFS(B2:C5,"=Yes")
C. COUNTIF(B2:B5,"=Yes",C2:C5,"=Yes")
D. COUNTIFS(B2:B5,"=Yes",C2:C5,"=Yes")
Answer: D
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. Answer option C is incorrect. The COUNTIF function of Excel does not support multiple criteria. Answer options A and B are incorrect. 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.
Q13. 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.
Q14. Jack wants the rows containing the name Tom and product Jam. There are thousands of entries in the log. Plowing through all the records will be time taking. Which option can be used to view only the relevant records?
A. Autofilter
B. Find
C. Sort
D. All filter
Answer: A
Explanation:
Autofilter is used to filter the record as per the condition by hiding the rest. Defining different filters, you can compare data in multiple ways, so you can glean vital information without wasting vital time. Answer options B and D are incorrect. There are no such options defined in Excel to filter the records. Answer options C is incorrect. The Sort function is used to arrange the records in ascending or descending order.
Q15. 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.
A. Under Macro Settings in the Macro Settings category, click Enable all macros, and then click OK.
B. Switch to Excel and save the workbook with the .xslm extension as a macro-enabled workbook and close it.
C. Reopen the workbook.
D. Click OK in the message box.
Answer: B,C,D
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Q16. 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 delete the slicer. Which of the following steps can you take to accomplish the task?
Each correct answer represents a complete solution. Choose all that apply.
A. Click the slicer that you want to delete on the Options tab in the Slicer type group.
B. Click the Macro setting, and then delete the slicer from the Macro-enabled slicers list.
C. Click the slicer, and then press Delete.
D. Right-click the slicer, and then click Remove <Name of slicer>.
Answer: C,D
Explanation:
Take one of the following steps to delete a slicer:
1.
Right-click the slicer, and then click Remove <Name of slicer>.
2.
Click the slicer, and then press Delete.
Answer options B and A are incorrect. These are invalid answer options.
Q17. You work as an Office Assistant for Tech Perfect Inc. Your responsibility includes preparing sales reports of the company. You have created a sales report in a workbook of Excel 2013.
Your workbook includes several worksheets as shown in the image given below: You want the sheet tabs of the sheets containing charts to appear in red color. Which of the
following steps will you take to accomplish the task?
A. Select the sheets containing charts.
Select the Colors option in the Themes group on the Page Layout page.
B. Select the sheets containing charts.
Right-click on the sheet tabs.
Choose the Tab Color option from the shortcut menu.
C. Select the sheets containing charts.
Right-click on the sheet tabs.
Choose the Sheet Color option from the shortcut menu.
D. Select the sheets containing charts.
Select the Effects option in the Themes group on the Page Layout page.
E. \Documents and Settings\Administrator\Desktop\1.JPG
Answer: B
Explanation:
According to the question, you want the sheet tabs of the sheets containing chart to appear in red color. In order to accomplish the task, you will have to take the following steps:
Q18. 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.
Q19. 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?
A. Form control
B. Accounting template
C. Trust Center
D. ActiveX control
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. Answer option A is incorrect. 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. Answer option B is incorrect. 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. Answer option C is incorrect. Trust Center is where a user can find security and privacy settings for Microsoft Office 2013 programs.
Q20. 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.