Articulate strategies of self-leadership and self-management.
Refer to the Major Assignment 3 attachments for details on completing the assignment.
Prepare the written portion of this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center.
This assignment uses a rubric. Review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.
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Benchmark Information
This benchmark assignment assesses the following general education competencies:
University Foundations
GED1C3: Articulate strategies of self-leadership and self-management.
Effective Communications
GED2C1: Construct logical, cohesive, and persuasive arguments.
GED2C3: Exhibit proficiency in Standard American English for academic purposes.
Critical Thinking
GED3C1: Demonstrate clarity and logic in asking relevant questions and acquiring knowledge.
GED3C2: Apply appropriate critical inquiry strategies (e.g., inductive and deductive reasoning, analysis, evaluation, and synthesis) to issues and questions.
GED3C3: Make informed decisions based on historical, current, reliable, and valid information.
Global Awareness, Perspectives, and Ethics
GED4C4: Use knowledge of the past to develop understandings concerning the present or future.
Christian Worldview
GED5C2: Analyze the impact of the Christian worldview as it relates to human value and dignity.
Excel Grading Sheet
| Major Assignment 3 Excel Grading Sheet | ||||||
| Rubric Category (% weighting for assignment) | Requirements for full credit | (optional for student use) Did you meet the requirements? | Possible Points | Your Points | % Score for Rubric Category | Rubric Score |
| Project Budget (15%) | You have entered your full name in the field provided. (Note that entering your name on this sheet is required in order to complete the assignment.) | 2 | ||||
| You have listed at least 8 budget items total with at least 1 item in each category. | 8 | |||||
| You have entered the number of times purchased and purchase amount for each item, and at least 3 items are purchased more than once. | 8 | |||||
| Your Total Cost for each item is a formula multiplying the number of times purchased by the purchase amount, using appropriate cell references. | 8 | |||||
| Your Subtotal formulas are correct for each of your 4 sections. | 8 | |||||
| You have explicitly formatted your Cost Per Purchase, Total Cost, and Subtotal cells to display as Currency with the $ sign and 2 decimal places of precision. (1/2 point each) | 10 | |||||
| Subtotals | 44 | 0 | 0.00% | 1 | ||
| Budget Summary and Analysis (11%) | You have transferred your Subtotals from the Budget to the Summary and Analysis section, using formulas with cell references. | 8 | ||||
| Your Budget Total is correctly calculated from your Subtotals as a formula using cell references. | 2 | |||||
| Your Percentage of Total formulas are correctly calculated from the Subtotals and Budget Total in the Summary section, using cell references. | 8 | |||||
| Subtotal and Budget Total cells are formatted as Currency showing the $ symbol and with 2 decimal places of precision, and percentages are formatted as Percentage with 1 decimal place. | 9 | |||||
| Subtotals | 27 | 0 | 0.00% | 1 | ||
| CPI Values, Slope, Y-Intercept, and Cost Projection (16%) | Your month and year entries are correct following the first (generated) values. | 10 | ||||
| Your CPI values are correct for the months and years given. | 6 | |||||
| Your slope and y-intercept formulas are correct and use the appropriate Excel functions. | 4 | |||||
| The year number to use for your CPI projection is correct, and you have brought your Budget Total forward using an Excel formula with appropriate cell reference. | 4 | |||||
| Your formulas to calculate the projected CPI value, 5-year inflation rate, and 5-year budget projection are correct. | 6 | |||||
| Your formatting is correct for all cells: your CPI values are formatted as number with 3 decimals of precision; your 5-year inflation rate is formatted as a percentage with 2 decimal places; and your 5-year budget and budget projection are formatted as currency with the $ symbol and 2 decimal places. | 12 | |||||
| Subtotals | 42 | 0 | 0.00% | 1 | ||
| Funding – Inputs (5%) | Your interest rates correctly match the corresponding entries from the table for the years and months given. | 6 | ||||
| Your 5-year projected budget total is brought forward from the Project Budget and Projection sheet, using an Excel formula. | 2 | |||||
| Your interest rates are formatted as percentages with 2 decimals and your budget total is formatted as currency using the $ symbol and 2 decimal places. | 4 | |||||
| Subtotals | 12 | 0 | 0.00% | 1 | ||
| Sponsorship, Fundraising, and Loan Payment Calculations (12%) | For your Sponsorship calculation, your number of compoundings and time inputs are correct, and your principal amount and 5-year sponsorship amount are correct Excel formulas using appropriate cell references. | 7 | ||||
| For your Fundraising calculation, your number of compoundings and time inputs are correct, and your 5-year fundraising total calculation is a correct Excel formula using appropriate cell references. | 5 | |||||
| For your Loan calculation, your number of payments and time inputs are correct, and your additional amount and monthly payment calculations are correct Excel formulas using appropriate cell references. | 7 | |||||
| All cells with dollar amounts are explicitly formatted as Currency using the $ symbol and with 2 decimal places. Cells with n or t entries are formatted as Number with 0 decimal places. | 11 | |||||
| Subtotals | 30 | 0 | 0.00% | 1 |
Project Budget and Projection
| 1 Enter your full name here. If your full name is less than 10 letters long, add additional letters ‘X’ at the end until you reach length 10 | Assignment Advisory: You must use the latest desktop version of Excel for Microsoft 365 for this assigment. (This is provided free by GCU; contact the Help Desk for more information and help installing the software.) Using an earlier version of Excel or a different spreadsheet program may result in missing or corrupted template elements. Copying cells from or into this template may likewise result in corrupted data. | ||||||||
| Legend | |||||||||
| If a cell is shaded | You should | ||||||||
| Blue | Enter a text response | ||||||||
| Green | Enter a number | ||||||||
| Gold | Enter an Excel formula | ||||||||
| Any other color | Make no changes | ||||||||
| Budget Summary and Analysis | |||||||||
| Budget Category | Subtotal | Percentage of Total | |||||||
| Personnel Costs | $1,000.00 | ||||||||
| Administrative Costs | |||||||||
| Outreach Costs | |||||||||
| Project Budget | Program Costs | ||||||||
| Personnel Costs | Budget Total | ||||||||
| Budget Item | Quantity needed | Cost Per Item | Total Cost | ||||||
| Costs of your time (per week) | 1 | $1,000.00 | $1,000.00 | Budget Cost Projection | |||||
| Subtotal: | $1,000.00 | ||||||||
| Administrative Costs | |||||||||
| Budget Item | Quantity needed | Cost Per Item | Total Cost | ||||||
| Subtotal: | |||||||||
| Outreach Costs | Year Number | CPI Value | Month | Year | |||||
| Budget Item | Quantity needed | Cost Per Item | Total Cost | 1 | Your full name entry must be longer | Your full name entry must be longer | |||
| 2 | |||||||||
| 3 | |||||||||
| 4 | |||||||||
| 5 | |||||||||
| Subtotal: | 6 | ||||||||
| Program Costs | |||||||||
| Budget Item | Quantity needed | Cost Per Item | Total Cost | ||||||
| Slope (m) | |||||||||
| Y-Intercept (0, b) | |||||||||
| Subtotal: | |||||||||
| The Year Number to use for your further 5-year projection (If you project forward another 5 years from year 6 in the chart above, what year will you be at then?) | |||||||||
| The projected CPI value for that year | |||||||||
| The 5-year inflation rate based on the last CPI value in the table and the projected CPI value | |||||||||
| Your Budget Total (brought forward from above) | |||||||||
| Your 5-year Budget Total Projection |
2a Below, you will develop a budget for your project, including entries for personnel costs (for yourself, other paid individuals, legal or consulting services, etc.); administrative costs (rents, fees, utilities, insurance, IT costs, office supplies, travel, etc.); outreach costs (advertising, recruitment, fundraising, etc.); and program costs (supplies for use in assistance, cash distributions, payments for direct services to recipients, etc.). You must enter at least 8 budget items in all. Each category must have at least one budget item. For at least 3 budget items, your expense quantity must be greater than one. Format all costs as Currency with 2 decimal places. To start, modify the cost of your time as appropriate.
3a Below, you will generate a 5-year projected cost for your budget, starting with your budget total. You will base your projection on CPI values that you look up. Use this procedure to look up the CPI value: 1. Go to Bureau of Labor Statistics page link https://data.bls.gov/cgi-bin/surveymost?cu 2. Check the box to the left of text “U.S. city average, All items – CUUR0000SA0” 3. Press the “Retrieve Data” button at the bottom of the list. This should take you to a CPI table for about the last 10 years. First, fill in the CPI value for the given month and year. Then, fill in the CPI values for the next 6 years, advancing exactly one year for each value. For example, if you start in February 2011, your next CPI value will come from February 2012. Format your CPI values as Numbers with 3 decimals of precision.
2b Here, use Excel formulas to transfer the subtotals and total from your budget into this table, and then calculate the percentage of the budget total represented by each category. Format the costs as Currency with two decimal places and the percentages as Percentage with one decimal place.
(CPI Values)
https://data.bls.gov/cgi-bin/surveymost?cu3b Now, from the year number and CPI values, find the slope and y-intercept of the best-fit line for your CPI values.
3c Finally, project the CPI forward an additional 5 years using your slope and intercept; calculate the 5-year inflation rate from your year 6 CPI value and the calculated value; and apply the inflation rate to your budget total to find a 5-year budget projection.
Funding
| Your name (brought forward from the Monthly Budget sheet): | 0 | |||
| APR Year | Your full name entry must be longer | Your full name entry must be longer | Your full name entry must be longer | |
| APR Month | Your full name entry must be longer | Your full name entry must be longer | Your full name entry must be longer | |
| Interest Rate | ||||
| Bring your 5-year projected budget total forward from the Project Budget and Projection sheet | ||||
| 6 Sponsorship (invest a fixed amount for 5 years with annual compounding) | 8 Loan payment (determine the monthly payment required for a 5-year loan to cover the remainder of the budget costs) | |||
| Percentage of your Budget Total to invest | Complete the first interest rate entry in section 4 above | The additional amount you need to cover your 5-year budget costs (P) | ||
| Principal amount to invest (P), based on your budget total and the percentage in B29 | Your APR (r) | Complete the third interest rate entry in section 4 above | ||
| Your APR (r) | Complete the interest rate entry in section 4 above | Number of payments per year (n) | ||
| Number of compoundings per year (n) | Number of years (t) | |||
| Number of years (t) | The monthly loan payment (PMT) | |||
| Your 5-year sponsorship total | ||||
| 7 Fundraising (invest monthly donations for 5 years with monthly compounding) | Legend | |||
| Monthly contribution amount (PMT) | Complete the second interest rate entry in section 4 above | If a cell is shaded | You should | |
| Your APR (r) | Complete the second interest rate entry in section 4 above | Blue | Enter a text response | |
| Number of compoundings per year (n) | Green | Enter a number | ||
| Number of years (t) | Gold | Enter an Excel formula | ||
| Your 5-year fundraising total (Hint: use the “future value of periodic payments” formula in the assignments instructions) | Any other color | Make no changes |
4 On this sheet, you will consider how to cover the projected cost of your Project Budget. In particular, you will calculate the 5-year balance for a percentage of your projected cost assumed to be invested at a given interest rate with annual compounding; the 5-year balance for a given monthly donation amount invested at a second interest rate; and a monthly loan payment required for a 5-year loan to cover the remainder of your 5-year projected cost, using a third interest rate. Start by looking up rates to use as APRs in the following historical table of 30-year fixed mortgage rates: http://www.freddiemac.com/pmms/pmms30.html
5 Now, perform each of the calculations indicated. Recall that the loan payment formula for the amount PMT that must be paid n times per year for t years to pay off an initial principal amount P, assuming interest accrual at a rate of r, is given by PMT = P*(r/n)/(1 – (1 + r/n)^(-n*t)) Format all amounts as Currency with the $ symbol and 2 decimal places, and all n and t entries as Number with 0 decimals.
(Mortgage Rates)
http://www.freddiemac.com/pmms/pmms30.htmlEnter these items as percentages or decimals; for example, a value of 4.03 in the table would be entered here as 4.03% or 0.0403. Also format each rate as a Percentage with 2 decimal places.
