Instructions:
1) In the "credit Status" column, build a formula that can be copied down that indicates of account is "approved" or "declined" for credit. If they have a balance that is 90-days past due, they are declined. (HINT: Use IF)
2) In the penalty amount column, build a formula that can be copied that calculates the amount of a penalty, if any. If the account is 90 days late, the penalty is $200. If the account is only 60-days past due, the penalty is $50. A company should receive only one penalty. (HINT: Use nested IF formulas)
3) Complete the table at the right, based on the data in the aging. (HINT: Use COUNTIF, SUMIF, and AVERAGEIF)
4) Apply blue data bars to the total past due balance column.
5) Use conditional formatting to colour the background of the Total Balance of any customer if the Total Past Due Balance if it is greater than 20% of the Total Balance. You can choose the colour. (HINT: Remember to un-anchor the row).
Sports Customer Aging
Customer Name Customer Type Current Balance Due 30-Days Past Due 60-Days Past Due 90-Days Past Due Total Past Due Balance Total Balance Credit Status Penalty Amount
Athletic Gear Corp. A $ 8,612 $ 0 $ 0 $ 0 $ 0 $ 8,612
Baltimore O's B 0 0 0 0 0 0
Baseball & More A 2,345 3,473 5,557 4,862 13,892 $ 16,237
Canadian Ski Club C 0 345 0 150 495 $ 495
Everything Golf B 0 0 2,000 899 2,899 $ 2,899
Sports & Stuff A 0 14,000 383 0 14,383 $ 14,383
Athletic Gear Corp. A $ 8,612 $ 0 $ 0 $ 0 $ 0 $ 8,612
Baltimore O's B 0 0 0 0 0 0
Athletic Gear Corp. A 2,345 3,473 5,557 4,862 13,892 $ 16,237
Baltimore O's C 0 345 0 150 495 $ 495
Baseball & More A 0 0 2,000 899 2,899 $ 2,899
Canadian Ski Club A 0 14,000 383 0 14,383 $ 14,383
Concord Pro Shop A $ 8,612 $ 0 $ 0 $ 0 $ 0 $ 8,612
Everything Golf B 0 0 0 0 0 0
Lake Pro Shops A 2,345 3,473 5,557 4,862 13,892 $ 16,237
Mars Dept. Store C 0 345 0 150 495 $ 495
RG Bradley A 0 0 2,000 899 2,899 $ 2,899
RX for Sports A 0 14,000 383 0 14,383 $ 14,383
School Sports Supply A $ 8,612 $ 0 $ 0 $ 0 $ 0 $ 8,612
Ski World B 0 0 0 0 0 0
Sneaker Kingdom A 2,345 3,473 5,557 4,862 13,892 $ 16,237
Sports & Stuff C 0 345 0 150 495 $ 495
Toy Kingdom A 0 0 2,000 899 2,899 $ 2,899
Under the Sea A 0 14,000 383 0 14,383 $ 14,383
Customer Type # of Customers Total Balance Average Balance
A
B
C