Microsoft 77-888 Microsoft Excel 2010 Expert Exam Practice Test

In order to accomplish the task, Rick should take the following steps: Select all the five sheets.

Write a disclaimer message in the A1 cell of the active sheet.

Grouping of sheets is a feature provided in Microsoft Office Excel 2010. Selecting more than one sheet groups those sheets. When multiple sheets are grouped, data that a user enters or edits in the active sheet is reflected in all sheets in the group. To select all sheets, right-click a sheet

tab, and then click Select All Sheets on the shortcut menu.

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Users can select multiple sheets by holding the Ctrl key while clicking the sheets.

Answer option C is incorrect. Clicking the first sheet after selecting all sheets will ungroup the

sheets and the message will only get inserted in the first sheet.

Answer options B and A are incorrect. Both these options will work, but Rick will have to work more than required. Grouping sheets is a better option to work simultaneously on multiple sheets.

Users can select multiple sheets by holding the Ctrl key while clicking the sheets.

Answer option C is incorrect. Clicking the first sheet after selecting all sheets will ungroup the

sheets and the message will only get inserted in the first sheet.

Answer options B and A are incorrect. Both these options will work, but Rick will have to work more than required. Grouping sheets is a better option to work simultaneously on multiple sheets.

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In order to accomplish the task with the least amount of administrative burden, use sparklines.

Sparklines, introduced in Microsoft Office 2010, are tiny charts that can fit in a cell. The

sparklines can be used to show trends in a small amount of space. The sparklines visually summarize trends alongside data.

The sparklines can be added through the Insert tab.

Answer option A is incorrect. Stand-alone slicers are referenced from Online Analytical Processing (OLAP) Cube functions. These stand-alone slicers can be connected with any PivotTable in future.

They can be added by using the slicer button on the Ribbon. They need to be manually linked into grids as required.

Answer option B is incorrect. A form control is an original control that is compatible with old

versions of Excel, beginning with Excel version5.0. 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 D is incorrect. A PivotTable report is used to summarize large amounts of data, to

analyze numerical data, and to answer unexpected questions about data.

Various financial functions (reference) are as follows:

1.ACCRINT function:Itisused toreturntheaccruedinterest forasecuritythatpaysperiodic 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.ISPMTfunction:Itisusedtocalculatetheinterestpaidduringaparticularperiodofan 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 isnot 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 isusedto returntheannualyield ofa securitythat pays

interest at maturity.

A trendline is defined in Excel 2010. It is a data visualization tool to display the trend of a

particular data range. It is used toshowthe slope ofdatapoints in a chart. There are

varioustypes 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.Thebenefitofusingthesparklinesisthatthesecanbeprintedwhen

auserprintsa 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.

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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.

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.

The various issues with exporting XML data are as follows:

1.MAP CAN BE EXPORTED BUT SOME REQUIRED ELEMENTS ARE NOT MAPPED: This error occurs under the following situations:

The XML map associated with this XML table contains one or more required elements that are not mapped to the XMLtable. Theelement is a recursive structure.

The XML table contains a variety of mixed content.

2.EXCEL CANNOT SAVE THE WORKBOOK BECAUSE IT DOES NOT CONTAIN ANY XML MAPPINGS: Excel cannot save the user's workbook in the XML Data file unless one or more mapped ranges are created.

3.XML MAPS IN MY WORKBOOK ARE NOT EXPORTABLE: An XML mapping cannot be exported if the relationship of the mapped element with other elements is not preserved due to the following reasons:

The mapped element's schema definition is contained within a sequence with the following

attributes:

The maxoccurs attribute is not equal to1.

The sequence has more than one direct child element defined or has an extra compositor as a direct child.

Nonrepeating sibling elements with the same repeating parent element are mapped to dissimilar

XML tables.

Various repeating elements are mapped to the same XML table and the recurrence is not defined by an ancestor element.

Child elements from various parents are mapped to the same XML table.

XML schema constructs a list of lists, denormalized data, or a choice construct.