1 B121F Assignment 2 Sep08

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BIS B121F Assignment 2

Date Due: 3 December 2008

Part A (50%)

You are a Business Analyst in First-Online Banka small start-up e-commerce banking company that hit it

big when the companys investors took the company public. With the number of employees expected to

reach 1,000 by the end of this year and the tight job market, the Benefits Committee has developed several

employee benefit plans to keep current employees and attract new employees. One of the new employee

benefits is a Retirement Investment Scheme (RIS).

Task 1 worksheet (15%)

The chairman of the Benefits Committee has asked you to develop a retirement investment model worksheet

that will allow each current and prospective staff to see the effect of investing a percent of his/her monthly

salary over a period of years. The plan calls for the company to match an employees investment dollar for

dollar up to 5%. Thus, if an employee invests 7.5% of his/her annual salary, then the company matches the

first 5%. If an employee invests 3% of his/her annual salary, then the company matches the entire 3%.

The chairman wants a one-input data table to show the future value of the investment for different periods of

time. The final model worksheet should be similar to the one displayed below.

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A B C D E F G H

Employee Your name Years

Future

Value

Employee

Invested

Annual Salary $550,000.00 $3,826,435.19 $825,000.00

Percent Invested 7.50% 5 $432,117.45 $206,250.00

Company Match 5.00% 10 $1,108,675.55 $412,500.00Annual Return 9.00% 15 $2,167,949.72 $618,750.00

Years 20 20 $3,826,435.19 $825,000.00Monthly Contribution 25 $6,423,094.43 $1,031,250.00

Employee $3,437.50 30 $10,488,634.54 $1,237,500.00

Employer $2,291.67 35 $16,853,973.55 $1,443,750.00Total $5,729.17 40 $26,820,064.06 $1,650,000.00

45 $42,423,782.89 $1,856,250.00Future Value $3,826,435.19 50 $66,854,229.42 $2,062,500.00

First-Online Banket rement nvestment c eme

Note:

(a) Prepare a worksheet model and enter your name in cell C4.(b) Keep all the currency and interest formats with two decimal points.


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(c) Apply an Excel formula in cell C7, which should be intelligence enough to look after the companymatching in the RIS.

(d) Assume annual return (cell C8) is a constant and initially is set at 9.00%(e) Apply necessary Excel formulas in cells C11, C12 and C13 respectively.(f) Apply an Excel function =FV( ) in cell C15, which returns the future value of an investment based on

periodic, constant payments and a constant interest rate. The syntax of this =FV( ) function is very

similar to =PMT( ) function. You may wish to use Excels Help function to find out the details.

(g) Apply conditional formatting function in cells E6:E15, F6:F15 and G6:G15 so that the correspondingresult would show the row that equals the year, future value and the amount that employee invested

respectively. They should be in bold and double underline formats.

(h) Adjust column widths and row heights. Set your worksheet in proper format (including font size/type,cell format and borders) as suggested above.

(i) Rename the worksheet asyour name and save it. Print your worksheet result.

Task 2 Test data for your model worksheet (6%)

(a) Determine the different future values for the data given below.Employee Johnson Chan Mary Lee David Fung

Annual salary $280,000 $360,000 $560,000

Percent Invested 5.5% 6.5% 8.5%

Annual Return 7.5% 6.5% 5.5%

Years 15 25 30

(b) Copy your worksheet developed in Task 1 and paste it onto three separate worksheets on-by-one.Change the corresponding data and re-execute each one-input data table again.

(c) Rename the corresponding worksheet as the employee name. That is, you will generate another threeworksheets, named Johnson Chan, Mary Lee, and David Fung respectively.

Task 3 Two-input data table (14%)

The chairman of the Benefits Committee has asked you to include a two-input data table on the worksheetdeveloped in Task 1. It should show the future value for varying the Annual Return (cell C8) and Years


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(cell C9). The final table should be similar to the one listed below.

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171819

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I J K L M N O

$3,826,435 5 10 15 20 25 305.0% $389,618 $889,638 $1,531,343 $2,354,880 $3,411,774 $4,768,148

5.5% $394,630 $913,846 $1,596,980 $2,495,782 $3,678,339 $5,234,235

6.0% $399,724 $938,892 $1,666,149 $2,647,109 $3,970,278 $5,755,034

6.5% $404,903 $964,810 $1,739,059 $2,809,703 $4,290,209 $6,337,479

7.0% $410,168 $991,632 $1,815,930 $2,984,476 $4,641,036 $6,989,417

7.5% $415,520 $1,019,393 $1,896,997 $3,172,416 $5,025,974 $7,719,7398.0% $420,961 $1,048,128 $1,982,511 $3,374,596 $5,448,589 $8,538,518

8.5% $426,493 $1,077,876 $2,072,734 $3,592,181 $5,912,834 $9,457,168

9.0% $432,117 $1,108,676 $2,167,950 $3,826,435 $6,423,094 $10,488,635

9.5% $437,836 $1,140,566 $2,268,456 $4,078,729 $6,984,234 $11,647,59710.0% $443,650 $1,173,591 $2,374,570 $4,350,551 $7,601,650 $12,950,712

10.5% $449,561 $1,207,793 $2,486,629 $4,643,518 $8,281,332 $14,416,881

11.0% $455,572 $1,243,219 $2,604,992 $4,959,385 $9,029,930 $16,067,56111.5% $461,684 $1,279,914 $2,730,040 $5,300,058 $9,854,828 $17,927,11912.0% $467,899 $1,317,930 $2,862,178 $5,667,609 $10,764,225 $20,023,232

12.5% $474,219 $1,357,317 $3,001,836 $6,064,286 $11,767,230 $22,387,344

13.0% $480,645 $1,398,128 $3,149,471 $6,492,534 $12,873,962 $25,055,191

13.5% $487,180 $1,440,420 $3,305,571 $6,955,009 $14,095,665 $28,067,396

14.0% $493,826 $1,484,249 $3,470,651 $7,454,597 $15,444,839 $31,470,146

14.5% $500,585 $1,529,676 $3,645,261 $7,994,435 $16,935,375 $35,315,970

15.0% $507,458 $1,576,764 $3,829,987 $8,577,935 $18,582,722 $39,664,623

Varying Annual Return and Years

Annual Return in Left Column and Years in Top Row

(a) Prepare this two-input data table within the same worksheet that developed in Task 1.(b) Keep all the currency as integer and annual return with one decimal point.(c) Apply conditional formatting function in cells I5:I25, J4:O4 and J5:O25 so that the corresponding

results would show the values that equals the annual return, years and future values respectively.

They should be in bold and double underline formats.

(j) Adjust column widths and row heights. Set your worksheet in proper format (including font size/type,cell format and borders) as suggested above.

Task 4 Chart (15%)

(a) Based on the results of two-input data table in Task 3, plot a set of lines to show the future values withannual returns at 5% and 9% over time. They should be charted in a single graph.

(b) Set your chart in proper format. Show labels and data values. Display X-Y axis and chart title.Adjust the scale of Y-axis and therefore figures in your chart may be rounded up.

(c) Locate your Chart in another worksheet and name it as Chart. The final output should be similar tothe following chart.


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Future Values Over Time

$1,531

$2,355

$3,412

$4,768

$3,826

$6,423

$10,489

$890$390

$2,168

$1,109$432

$0

$2,000

$4,000

$6,000

$8,000

$10,000

$12,000

5 10 15 20 25 30

T

Years

Aos

At 9% Return

At 5% Return

Part B Access Database (50%)

Apple Telecom has assigned sales staff to provide more personal services to the 30 selected customers. You are

asked to set up an Access database to store the following data in three tables:

Customer

Customer ID Surname First Name Autopay Online Hours Plan Code Staff ID

90000001 Chan Mabel Yes 20 C 1862

90000002 Wong Priscilla Yes 145 B 1203

90000003 Leung Y K No 302 A 1862

90000004 Chan Nigel Yes 95 B 1291

90000005 Lam Amy No 20 C 1862

90000006 Chu Raymond No 25 B 2546

90000007 Ip Victor No 130 B 1203

90000008 Chau H M Yes 300 A 1984

90000009 Yeung Lawrence Yes 13 A 2546

90000010 Ma Patrick No 60 A 1862

90000011 Ho Martine Yes 20 C 1862

90000012 Wong Mary Yes 145 B 1203

90000013 Leung Joe No 302 A 1862

90000014 Chan Kevin Yes 95 B 1291

90000015 Lam Lois No 20 C 1862

90000016 Kam Ray No 25 B 2546

90000017 Pang Victor No 130 B 1203


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90000018 Wang Gina Yes 300 A 1984

90000019 Au Yeung Lawrence Yes 13 A 2546

90000020 Tam Tina No 160 A 1862

90000021 Chan Martine Yes 220 C 1862

90000022 Chan Mary Yes 325 B 1203

90000023 Leung Shan Yes 420 A 1862

90000024 Au Kevin Yes 80 B 1291

90000025 Lam David No 60 C 1862

90000026 Kam Ray No 125 B 2546

90000027 Poon Victor No 150 B 1203

90000028 Wang Tina Yes 200 A 1984

90000029 Au Yeung Louise No 120 A 2546

90000030 Lo Wai No 80 A 1862

Service Plan

Plan Code Monthly Fee Free Connection Hours Charge Per Hour Installation Fee

A $180.00 300 $5.00 $100.00

B $90.00 120 $15.00 $200.00

C $0.00 0 $25.00 $500.00

Staff

Staff ID Staff Surname Staff First Name Position Date of Appointment

1203 Lee Siu Leung Sales Assistant 2002-Jul-17

1291 Liu Chung Hin Sales Executive 2001-Feb-15

1862 Tang Ching Yuet Sales Assistant 2005-Aug-6

1984 Chan Kwok Ming Sales Assistant 2005-Aug-8

2546 Chan Ling Sales Executive 2003-May-3

Tasks

1. Create a database to store these three tables, and enter the data correctly. Print out the table structures of the threetables. Note that you must use the Documenter tool in MS Access to print out the table structures. Print out

the data records.

2. Set up an query to view (and save it as Query 1) the following columns (from left to right in the order specified) forcustomers who subscribed to service plan A and used autopay:

Customer ID Surname (Customer)


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First Name (Customer) Plan Code Staff ID PositionSort the records by Surname (ascending) and then by Staff ID (ascending).

3. Set up another query (and save it as Query 2) to show all customers who are being looked after by a staff memberwho joined the company (i.e. date of appointment) in 2001 or 2005. The columns to be shown and the order of

the columns from left to right are the same as the previous one (i.e. Query 1). Sort the records by Plan Code

(ascending) and then by Staff ID (ascending).

4. Set up a third query (and save it as Query 3) to show all customer records that are related to a staff member whoholds the position of Sales Assistant. The columns to be shown are:

Plan Code Surname (Customer) First Name (Customer) Staff IDAlso, you need to add a calculated column. The name of the calculated column is 'Account Payable'. This

column is to show exactly how much a customer pays in the current month. Basically a customer only has to pay

the monthly fee unless his/her online hours exceed the free connection hours within his/her service plan. And in

case the customers online hours exceed the free connection hours within his/her service plan, he/she has to pay:

Monthly Fee + (Online Hours - Free Connection Hours) * Charge Per Hours.

In order to complete this task, you may need to use an Access function IIF(). The usage of this function is similar

to the one, IF(), in MS Excel.

Sort the records by Plan Code (Ascending), and then by Surname (ascending) and First Name (ascending)

respectively.

5. Prepare a report based on the result of the third query using the report wizard of Access. The title of the report is'Account Payable (by Staff)'. The report should be grouped by Plan Code. The figures in the Account Payable

column should be displayed in the currency format (i.e. with $ sign and commas and without decimal places).

Statistics data such as Sum, Average, Min and Max amount for each Plan Code should be shown. Save it as

Account Payable by Staff. Your final report should be similar to the one listed below.


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6. Submit the softcopy of your database. Save your Access work in a file named s********a2_B.mdb where********* is your 8-digit student number.

Assignment Submission Procedures

All the assignments must be submitted via the OLE (http://ole.ouhk.edu.hk). After getting into the B121F

homepage, enter the Assignment Submission page on your right. Click the TMA 2 to access the Answer

Sheet. Then scroll down to Answer Section for Students. Now you can fill in the textbox for the assignment

details. It is optional but you may like to put in the number of files and the filenames.

To attach the files for your TMA, click the "Browse" button to locate the file on your hard disk. Then select on

the file and click "Open". Repeat the above steps until all your TMA files are included. Note that you will

need to upload 2 files (i.e., 1 MS Excel file and 1 MS Access file) for this TMA. Make sure that your work is

done in Microsoft Office 2003 and the filenames are in the required convention.

If you have completed all the work and are ready to submit your assignment, click the Save & Submit button.

Note that you will NOT be able to make any further changes after the submission. To save your work

temporarily in the OLE server, you can click the "Save" button instead. Please be reminded that your

submission will NOT be completed until you click the "Save & Submit" button.
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1 B121F Assignment 2 Sep08

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