Clemenson Imaging LLC Monitors Increased Revenue From The US ✓ Solved

Clemenson Imaging Llc Monitors Increased Revenue From The Use Of Ct Sc

Clemenson Imaging LLC monitors increased revenue from the use of CT scan equipment. You analyze the number of patients and procedures by technician and location. Use the provided Excel file to perform various calculations, including the net present value (NPV) of a purchase, rearranging labels with TRANSPOSE, concatenating cells to display full names, and summarizing data with SUMIFS. Additionally, you will calculate procedure times, format time data properly, and ensure data consistency. The project involves opening the specified Excel workbook, performing formula-based calculations, data manipulation, and formatting, then saving and submitting the file.

Paper For Above Instructions

The primary objective of this project is to analyze financial and operational data from Clemenson Imaging LLC to evaluate the impact of new CT scan equipment on revenue and procedures. The analysis encompasses financial calculations such as net present value (NPV), data restructuring using TRANSPOSE and CONCAT functions, data summarization with SUMIFS, and time calculations and formatting. These tasks will demonstrate proficiency in Excel functions, data analysis, and financial modeling essential for healthcare management and operational decision-making.

Calculating Net Present Value (NPV)

In this task, the focus is on determining the present value of future cash flows associated with acquiring new equipment. Opening the 'Financials' sheet, select cell H5, and input the NPV formula with a discount rate of 4.25%. The formula should reference cells D7:D13, which list the projected cash flows. To include initial costs, the formula must be revised by adding values from cells D4 and D5 at the end of the formula. The calculation yields an NPV of $268,921.79, reflecting the discounted value of future benefits minus costs, necessary for evaluating investment feasibility.

Rearranging Technician Names with TRANSPOSE and CONCAT

On the 'Technicians' sheet, technician names are listed in rows, but for analysis, they need to be displayed vertically. Selecting cells A4:A10, which contain the technician names, and using the TRANSPOSE function, rearranges these names into a column. This involves selecting the array, applying the TRANSPOSE function, and entering it with Ctrl + Shift + Enter since it's an array formula. Repeat the process for first names in B4:B10. To display full names in 'Last, First' format, a CONCAT formula concatenates the first and last names in cell D4, which is then copied down to D5:D10. This restructuring facilitates clearer data presentation and analysis.

Summarizing Data with 3D References and SUMIFS

In the 'Summary' sheet, create a 3D reference in cell A5 pointing to cell D4 in the 'Technicians' sheet. This ensures dynamic data linking. To analyze operational data, SUMIFS functions are used to total the number of patients per procedure and technician. For example, in cell C5, the formula sums data from the 'Procedures' sheet, using absolute references for ranges and relative references for criteria, such as procedure type and technician name. Applying similar formulas to other cells allows for comprehensive summaries of patient volumes by procedure, category, and location. Accurate referencing and copy-pasting ensure consistent and correct calculations throughout the dataset.

Calculating Procedure Times and Formatting

The 'Times' sheet contains start and end times for procedures. To compute procedure durations, subtract the start time from the end time, then multiply by 24 to convert the result into hours. For cell F6, a formula such as =(End_Time - Start_Time)*24 is used. This formula is copied down the column to cover all records. To display times in fractional hours format, select the range F6:F41, open the Format Cells dialog, navigate to the Number tab, and choose Fraction with Up to Two Digits. This formatting improves readability and consistency in duration reporting, critical for operational analysis and scheduling.

Finalizing and Submitting

After completing the calculations and formatting, save the workbook with your name included in the filename for identification. Ensure all formulas are correctly applied, data displayed properly, and the structure is organized for clarity. Submit the completed Excel file for grading, demonstrating your ability to perform comprehensive financial and operational analyses using Excel functions and best practices.

References

  • Excel Campus. (2020). Mastering the NPV Function. Retrieved from https://www.excelcampus.com/functions/npv-function/
  • Microsoft Support. (2021). TRANSPOSE function. Retrieved from https://support.microsoft.com/en-us/office/transpose-function-974eefbf-0a6b-4d09-86f4-3472134d9ba9
  • ExcelJet. (2019). How to use CONCATENATE and CONCAT in Excel. Retrieved from https://exceljet.net/formula/concat
  • Investopedia. (2022). Net Present Value (NPV). Retrieved from https://www.investopedia.com/terms/n/npv.asp
  • Spreadsheets Made Easy. (2018). SUMIFS function in Excel. Retrieved from https://www.spreadsheet1.com/sumifs-function.html
  • Excel Easy. (2020). Date and Time functions. Retrieved from https://www.excel-easy.com/examples/date-time-functions.html
  • Tech Community. (2021). Formatting times and durations in Excel. Retrieved from https://techcommunity.microsoft.com/t5/excel-blog/formatting-times-in-excel/ba-p/2000714
  • AccountingCoach. (2019). Calculating and interpreting net present value. Retrieved from https://www.accountingcoach.com/blog/calculating-and-interpreting-net-present-value
  • Contextures. (2020). How to create 3D references and link data across sheets. Retrieved from https://www.contextures.com/xlfunctions03.html
  • OzGrid. (2019). Proper cell referencing for formulas in Excel. Retrieved from https://www.ozgrid.com/forum/index.php?topic=252377.0

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