Rent £ 357

Electric £ 60
Phone £ 15
Gas £ 60
Water £ 80
Insurance £ 25
TV License £ 12
Wages £ 1,800
Food, Travel to work and other luxuries £ 350
Bank Charges £ 25
Task 1
Table 1
Month February March
Bank Balance -£ 2,500 -£ 1,684
Wages £ 1,800 £ 1,800
Rent -£ 357 -£ 357
Electric -£ 60 -£ 60
Phone -£ 15 -£ 15
Gas -£ 60 -£ 60
Water -£ 80 -£ 80
Insurance -£ 25 -£ 25
TV License -£ 12 -£ 12
Food, Travel to work and other luxuries -£ 350 -£ 350
Miscelllaneous Expenses (Birthday £ - £ -
Present, New Door for the property)
Bank Charges -£ 25 -£ 25
End Month Bank Balance -£ 1,684 -£ 868
Profit/ Loss Loss Loss

Comment for Task 1

In order to get the net profit or loss of the end month bank balance, wages and the in
every month. Therefore, I used the SUM formula to calculate the amount of the net e
conditional formating to the end month bank balance. If the amount of the end mont
appear red in colour. On the other hand, i also use the IF formula for the bank charges
Balance is overdrawn, then the cell for the bank charges for that particular will appear
the End Month Bank Balance is overdrawn which is less than £0 it will appear loss whi
£0, it will appear profit. Apart from that, the rent in April increases from £357 to £439
overdrawn. in August, they have an amount of £2502. According to the table, in Febru
Starting in May, the End Month Bank Balance is not overdrawn anymore.

Documentation on Formula used for T

Task 2
Month February March
Bank Balance -£ 2,500 -£ 1,684
Wages £ 1,800 £ 1,800
Rent -£ 357 -£ 357
Electric -£ 60 -£ 60
Phone -£ 15 -£ 15
Gas -£ 60 -£ 60
Water -£ 80 -£ 80
Insurance -£ 25 -£ 25
TV License -£ 12 -£ 12
Food, Travel to work and other luxuries -£ 350 -£ 350
Miscelllaneous Expenses (Birthday £ - £ -
Present, New Door for the property)
Bank Charges -£ 25 -£ 25
End Month Bank Balance -£ 1,684 -£ 868
Yes, They can afford a £2500 holiday without going overdrawn by the end of August.
As if they used the £2500 for their holiday expenses, at the end of the month, they will

Task 3
End Month Bank Ba
£3,000

£2,500

£2,000

£1,500

£1,000

£500

£-
February March April May

-£500

-£1,000

-£1,500

-£2,000

Graph 1: Graph of End Month Ban

 Table 1
April May June July
-£ 868 -£ 334 £ 400 £ 984
£ 1,800 £ 1,800 £ 1,800 £ 1,800
-£ 439 -£ 439 -£ 439 -£ 439
-£ 60 -£ 60 -£ 60 -£ 60
-£ 15 -£ 15 -£ 15 -£ 15
-£ 60 -£ 60 -£ 60 -£ 60
-£ 80 -£ 80 -£ 80 -£ 80
-£ 25 -£ 25 -£ 25 -£ 25
-£ 12 -£ 12 -£ 12 -£ 12
-£ 350 -£ 350 -£ 350 -£ 350

-£ 200 £ - -£ 175 £ -

-£ 25 -£ 25 £ - £ -
-£ 334 £ 400 £ 984 £ 1,743
Loss Profit Profit Profit

ce, wages and the initial month bank balance is added up to substrate the expenses of
amount of the net end month bank balance. Besides that, i have applied the
unt of the end month bank balance is overdrawn, the cell of the overdrawn amount will
for the bank charges and the Profit/ Loss cell. If the previous month End Month Bank
particular will appear -£25 while if it is not overdrawn, there will be no bank charges. If
will appear loss while the amount of the End Bank Balance is more than or equal to
s from £357 to £439. Starting from May, the End Month Bank Balance is not
to the table, in February, March and April, the End Month Bank Balance is overdrawn.
nymore.

on Formula used for Task 1 table above

 April May June July
-£ 868 -£ 334 £ 400 £ 984
£ 1,800 £ 1,800 £ 1,800 £ 1,800
-£ 439 -£ 439 -£ 439 -£ 439
-£ 60 -£ 60 -£ 60 -£ 60
-£ 15 -£ 15 -£ 15 -£ 15
-£ 60 -£ 60 -£ 60 -£ 60
-£ 80 -£ 80 -£ 80 -£ 80
-£ 25 -£ 25 -£ 25 -£ 25
-£ 12 -£ 12 -£ 12 -£ 12
-£ 350 -£ 350 -£ 350 -£ 350

-£ 200 £ - -£ 175 £ -

-£ 25 -£ 25 £ - £ -
-£ 334 £ 400 £ 984 £ 1,743
he end of August.
 the month, they will only left £2 as their End Month Bank Balance.

Month Bank Balance

May June July August

1: Graph of End Month Bank Balance

 August
£ 1,743
£ 1,800
-£ 439
-£ 60
-£ 15 Profit
-£ 60 Expenses
-£ 80 Overdrawn
-£ 25
-£ 12
-£ 350

£ -

£ -
£ 2,502
Profit

strate the expenses of

applied the
overdrawn amount will
nth End Month Bank
be no bank charges. If
ore than or equal to
lance is not
alance is overdrawn.

SUM Formula
 SUM Formula

IF Formula

August
£ 1,743
£ 1,800
-£ 439
-£ 60
-£ 15 Profit
-£ 60 Expenses
-£ 80 Overdrawn
-£ 25
-£ 12
-£ 350

-£ 2,500

£ -
£ 2
August
Task 4

Month February
Bank Balance -£ 2,500
Wages £ 1,800
Rent -£ 357
Electric -£ 60
Phone -£ 15
Gas -£ 60
Water -£ 80
Insurance -£ 25
TV License -£ 12
Food, Travel to work and other luxuries -£ 350
Miscellaneous Expenses (Birthday £ -
Present, New Door for the Property)
Bank Charges -£ 25
Holiday Expenses £ -
End Month Bank Balance -£ 1,684

Comment for Task 4

In February to July, the data remain the same as the Table 1 while in August, they wen
which is overdrawn. Therefore in the end of September, a £25 of bank charges is dedu
September is positive and it left a net profit of £795. Last but not least, conditional for
red in colour and the font will be bolded.
 Table 2
March April May
-£ 1,684 -£ 868 -£ 334
£ 1,800 £ 1,800 £ 1,800
-£ 357 -£ 439 -£ 439
-£ 60 -£ 60 -£ 60
-£ 15 -£ 15 -£ 15
-£ 60 -£ 60 -£ 60
-£ 80 -£ 80 -£ 80
-£ 25 -£ 25 -£ 25
-£ 12 -£ 12 -£ 12
-£ 350 -£ 350 -£ 350

£ - -£ 200 £ -

-£ 25 -£ 25 -£ 25
£ - £ - £ -
-£ 868 -£ 334 £ 400

ble 1 while in August, they went to America for holiday and spent £3200 therefore it is deducte
r, a £25 of bank charges is deducted and the end month bank balance left an amount of £36. In
ast but not least, conditional formating is used to indicate whether the end month bank balance
2
June July August
£ 400 £ 984 £ 1,743
£ 1,800 £ 1,800 £ 1,800
-£ 439 -£ 439 -£ 439
-£ 60 -£ 60 -£ 60
-£ 15 -£ 15 -£ 15
-£ 60 -£ 60 -£ 60
-£ 80 -£ 80 -£ 80
-£ 25 -£ 25 -£ 25
-£ 12 -£ 12 -£ 12
-£ 350 -£ 350 -£ 350

-£ 175 £ - £ -

£ - £ - £ -
£ - £ - -£ 3,200
£ 984 £ 1,743 -£ 698

ent £3200 therefore it is deducted at the end of August. The end month bank balance has an am
alance left an amount of £36. In Octorber, no bank charge is charged because the end month ba
her the end month bank balance is overdrawn, if the end month bank bakance is overdrawn, the
 September Octorber
-£ 698 £ 36
£ 1,800 £ 1,800
-£ 439 -£ 439
-£ 60 -£ 60
-£ 15 -£ 15
-£ 60 -£ 60
-£ 80 -£ 80
-£ 25 -£ 25
-£ 12 -£ 12
-£ 350 -£ 350

£ - £ -

-£ 25 £ -
£ - £ -
£ 36 £ 795

d month bank balance has an amount of -£698

arged because the end month bank balance of
h bank bakance is overdrawn, the cell will appear
Profit
Loss
Overdrawn