Microsoft 77-427 Online Practice Questions and Exam Preparation

Microsoft 77-427 Online Questions & Answers

• Question 11:

  Rick works as an Office Assistant for Tech Perfect Inc. He is creating a user form through Microsoft Excel 2013. While creating forms for a number of users, he is required to repeat some of the actions multiple times. It is a very time consuming process. To resolve this issue, he wants to record the sequence of actions to perform a certain task and to play them back in the same order.

  Which of the following actions will Rick take to accomplish the task?

  A. He will use the Trust Center bar.
  B. He will use the Evaluate Formula tool.
  C. He will put the workbook in a trusted location.
  D. He will create and run a macro.
  D. He will create and run a macro.

  ---

  A macro is defined as a tool that permits a user to automate tasks and add several functionalities to forms, reports, and controls. For example, if a user adds a command button to a form, he associates the button's OnClick event to a macro,

  and the macro consists of the commands that are to be performed by the button each time it is clicked. The macro records the user's mouse clicks and keystrokes while he works and lets him play them back later. The macro can be used to

  record the sequence of commands that the user uses to perform a certain task. When the user runs the macro, it plays those exact commands back in the same order.

  Answer option B is incorrect. Evaluate Formula is a formula examination tool provided by Microsoft Excel. This tool is useful for examining formulas that do not produce any error but are not generating the expected result.

  Answer options A and C are incorrect. The benefit of connecting to external data from Microsoft Excel is that a user can automatically update Excel workbooks from the real data source wheneverthe data source is updated with new

  information. It is possible that the external data connection might be disabled on the computer. For connecting to the data source whenever a workbook is opened, it is required to enable data connections by using the Trust Center bar or by

  putting the workbook in a trusted location.

• Question 12:

  

  You work as an Office Assistant for Tech Perfect Inc. You are working in a spreadsheet as shown below:

  You want to use Excel Transpose Function for copying the contents of cells B1:B3 into cells A5:C5.

  You simply type '=TRANSPOSE( B1:B3 )' into the cells A5:C5. It displays the Excel #VALUE! error message because the cells are working independently and the function will not work for each individual cell. Therefore, it is required to make the cells A5:C5 work together as an ARRAY. For this purpose, you are required to use an array formula. Which of the following steps will you take to input Excel array formulas in the spreadsheet?

  Each correct answer represents a part of the solution. Choose all that apply.

  A. Type the array formula into the first cell.
  B. Highlight the range of cells that you want to use as an input in his array formula.
  C. Press CTRL-SHIFT-Tab to remove the error message.
  D. Press CTRL-SHIFT-Enter.
  A. Type the array formula into the first cell.
  B. Highlight the range of cells that you want to use as an input in his array formula.
  D. Press CTRL-SHIFT-Enter.

  ---

  The following steps are taken to input Excel array formulas:

  1.

  Highlight the range of cells that a user wants to use as an input in his array formula.

  2.

  Type the array formula into the first cell or make this cell editable by pressing F2 or clicking in the formula bar if a user has already specified a value into the first cell.

  3.

  Press CTRL-SHIFT-Enter.

  Answer option C is incorrect. This is an invalid answer option.

• Question 13:

  You work as a Finance Manager for Blue Well Inc. The company has a Windows-based network. You are using Excel spreadsheet for maintaining the financial budget and other financial calculations. You want to return the price per $100 face value of a security that pays interest at maturity. Which of the following financial functions will you use to accomplish the task?

  A. PRICE function
  B. PPMT function
  C. PRICEMAT function
  D. PRICEDISC function
  C. PRICEMAT function

  ---

  Various financial functions (reference) are as follows:

  1.

  ACCRINT function: It is used to return the accrued interest for a security that pays periodic 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.

  ISPMT function: It is used to calculate the interest paid during a particular period of an 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 is not 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 is used to return the annual yield of a security that pays interest at maturity.

• Question 14:

  Rick works as an Office Assistant for Tech Perfect Inc. He is creating a report through Microsoft Excel 2013. Rick wants to interact with cell data but his computer does not contain VBA code and few features of his computer are still Excel 5. 0 features. Which of the following will Rick use to accomplish the task?

  A. Accounting template
  B. Trust Center
  C. Form control
  D. Evaluate Formula
  C. Form control

  ---

  A form control is an original control that is compatible with old versions of Excel, beginning with Excel version 5. 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 A is incorrect. The accounting template is used for numbering months of a financial year to period numbering. It is used to compare month to month, actual v budget, quarter to quarter, year to year variances. It is the initial point for other reports that need the use of months. Answer option D is incorrect. Evaluate Formula is the formula examination tool provided by Microsoft Excel. This tool is useful for examining formulas that do not produce any error but are not generating the expected result.Answer option B is incorrect. Trust Center is where a user can find security and privacy settings for Microsoft Office 2013 programs.

• Question 15:

  You work as an Office Assistant for Media Perfect Inc. You are creating a report in Microsoft Excel 2013. The report worksheet will include the sales made by all the sales managers in the month of January.

  

  In the worksheet, you are required to place a pictorial representation displaying the percentage of total sales made by each sales manager in January. Which of the following charts will you use to accomplish the task?

  A. Bar
  B. Line
  C. Column
  D. Pie
  D. Pie

  ---

  In order to accomplish the task, you will have to insert a pie chart in the worksheet. Excel provides a pie chart facility to display data that is arranged in one column or row on a worksheet. Pie charts display the size of items in one data series, proportional to the sum of the items.

• Question 16:

  You work as an Office Assistant for Blue well Inc. The company has a Windows-based network. You want to create a VBA procedure for the open event of a workbook. You are required to set the security level temporarily for enabling all macros. Mark the option that you will choose first to accomplish the task.

  Hot Area:

  

  

• Question 17:

  You work as an Office Assistant for Blue Well Inc. The company has a Windows-based network. You want to get the trend of the Business data range. For this purpose, you want to use trendlines in the chart. Which of the following steps will you take to apply the trendlines in the chart?

  Each correct answer represents a part of the solution. Choose all that apply.

  A. Clear the check box of any Trendline fields to disconnect a slicer.
  B. Select the type that you want from Trendline options.
  C. Click the Insert Trendline arrow, and then click Trendline Connections on the Options tab in the Sort and Filter group.
  D. Select a chart and then navigate to the Chart Tools Layout tab.
  B. Select the type that you want from Trendline options.
  D. Select a chart and then navigate to the Chart Tools Layout tab.

• Question 18:

  You work as an Office Assistant for Blue Well Inc. The company has a Windows-based network. You want to filter data in a PivotTable report without opening drop-down lists to find the items that you want to filter. For this purpose, you are using a slicer. After filtering the data, you want to delete the slicer. Which of the following steps can you take to accomplish the task?

  Each correct answer represents a complete solution. Choose all that apply.

  A. Click the slicer that you want to delete on the Options tab in the Slicer type group.
  B. Click the Macro setting, and then delete the slicer from the Macro-enabled slicers list.
  C. Click the slicer, and then press Delete.
  D. Right-click the slicer, and then click Remove .
  C. Click the slicer, and then press Delete.
  D. Right-click the slicer, and then click Remove .

  ---

  Take one of the following steps to delete a slicer:

  1.

  Right-click the slicer, and then click Remove .

  2.

  Click the slicer, and then press Delete.

  Answer options B and A are incorrect. These are invalid answer options.

• Question 19:

  You work as an Office Manager for Blue Well Inc. The company has a Windows-based network. You have two budget situations in which one is the worst case and the other is the best case. You want to create both situations on the same worksheet and then switch between them with the change in requirements. Which of the following will you use to accomplish the task?

  A. Goal Seek
  B. Data table
  C. Scenario
  D. Solver add-in
  C. Scenario

  ---

  A scenario is defined as a type of what-if analysis tools. It is a set of values saved by Excel and can be substituted automatically in cells on a worksheet. A user can create and save different groups of values on a worksheet and then switch to any of these new scenarios to view different results. Scenario reports are not automatically recalculated. If the user changes the values of a scenario, those changes will not be displayed in an existing summary report and he must create a new summary report to show the reflection of the changed report. Answer option A is incorrect. Goal Seek is defined as a type of what-if analysis tools. It is used if a user knows the result that he wants from a formula, but he is not sure what input value the formula needs to get that result. It works with only one variable input value. Answer option D is incorrect. The Solver add-in is used if a user knows the result that he wants from a formula, but he is not sure what input value the formula needs to get that result. It is used for more than one input value. It works with a group of cells related to the formula in the objective cell. Answer option B is incorrect. A data table is used to see all the outcomes in one place. It is defined as a type of what-if analysis tools. It is used if a user has a formula that uses one or two variables or multiple formulas that all use one common variable. It is used to examine a range of possibilities at a glance and since the user focuses on only one or two variables, results are easy to read and share in tabular form. If automatic recalculation is enabled, it is possible to recalculate the data in data tables immediately and as a result, the user always gets fresh data.

• Question 20:

  You work as an Office Assistant for Tech Tree Inc. You have created a report in a workbook in

  Microsoft Excel 2013. You want to export XMLdata to your Excel 2013 worksheet. On exporting the XML data, the following error message appears:

  "XML MAPS IN MY WORKBOOK ARE NOT EXPORTABLE"

  Which of the following are the reasons that are causing the above error? Each correct answer represents a complete solution. Choose all that apply.

  A. The maxoccurs attribute is not equal to 1.
  B. The relationship of the mapped element with other elements is not preserved.
  C. The element is a recursive structure.
  D. The XML map associated with this XML table contains one or more required elements that are not mapped to the XML table.
  A. The maxoccurs attribute is not equal to 1.
  B. The relationship of the mapped element with other elements is not preserved.

  ---

  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 XML table. The element 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 to 1.

  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.