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Notice that the embedded chart makes it very easy to see which months have the highest unit sales.Дata are entered and managed in an Excel worksheet. The worksheet data can help this retailer determine the number of salespeople needed for each month, how much inventory is needed to satisfy sales, and what types of products should be purchased. The information shown in this worksheet is top-line sales data for a hypothetical merchandise retail company. We will demonstrate how you can use Excel to make these decisions and many more throughout this text.ДЇigure 1.1 'Example of an Excel Worksheet with Embedded Chart' shows a completed Excel worksheet that will be constructed in this chapter. With respect to personal decisions, you can use Excel to determine how much money you can spend on a house, how much you can spend on car lease payments, or how much you need to save to reach your retirement goals. For example, employees can use Excel to determine how much inventory to buy for a clothing retailer, how much medication to administer to a patient, or how much money to spend to stay within a budget.

The information produced in Excel can be used to make decisions in both professional and personal contexts. These computations ultimately convert that quantitative data into information. Taking a very simple view, Excel is a tool that allows you to enter quantitative data into an electronic spreadsheet to apply one or many mathematical computations. This chapter provides an overview of the Excel application along with an orientation for accessing the commands and features of an Excel workbook.ДЇollow-along file: Not needed for this skill No matter which career path you choose, you will likely need to use Excel to accomplish your professional objectives, some of which may occur daily. Microsoft Excel is perhaps the most versatile and widely used of all the Office applications. MicrosoftВ® Office contains a variety of tools that help people accomplish many personal and professional objectives.

Become familiar with the features in the Excel Help window.

Save workbooks in the Excel 97-2003 file type.

Become familiar with the commands in the File tab.

Become familiar with the Quick Access Toolbar.Become familiar with the Excel workbook.Examine the value of using Excel to make decisions.

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