Big Data Project Professor Burnside has a side mail order business called Burnside Storage which...
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Accounting
Big Data Project
Professor Burnside has a side mail order business called Burnside Storage which sells storage kits and other items used in backyards. Professor Burnside has been keeping the inventory figures manually. He has decided that a spreadsheet application can help him keep better tabs on the inventory and allow him to analyze how will the company is doing selling each unit.
Burnsides Storage sells the following items:
Inventory Number
Description
Type
Cost
Price
On Hand Quantity
Sales per year
B003
8' Picnic Table
Table
211
350
44
157
B007
8' x 4' Steel Shed
Shed
425
700.75
50
215
B008
6' x 4' Steel Shed
Shed
310
520.99
50
241
B009
Bending Trellis
Trellis
50
57
20
100
B010
12' Wishing Fount
Fount
131
195.99
25
147
B011
10' x 16' Aluminum Outbuilding
Outbuilding
810
1075.99
10
67
B012
Burnsides Better Trellis
Trellis
770
850
25
70
B014
8' x 6' Steel Shed
Shed
150
200
50
500
B016
8' x 10' Picnic Table
Table
270.99
399.99
50
299
B017
10' x 14' Steel Shed
Shed
650
1200
20
250
B018
8' x 10' Aluminum Outbuilding
Outbuilding
540
805
50
600
B019
4' Aerogenerator
Aerogenerator
31
46
300
201
B022
8' x 10' Pine Shed
Shed
1140
1800
72
100
B023
6' x 20 Covered Span
Span
1250
1401
42
75
B025
12' Square Pine Gazebo
Gazebo
2500
3000
71
144
B026
12' x 20' Steel Shed
Shed
1393.56
1950.99
32
65
B031
12' Pine Rotunda
Rotunda
2970
3500
15
39
B033
8' x 10' Steel Outbuilding
Outbuilding
840.47
1050.99
80
210
B034
6' x 6' Pine Garden Shack
Shack
880
951
120
330
Download the workbook called Burnside Storage.xlsx from D2L. Professor Burnside needs the worksheet to provide the following analysis:
1. Professor Burnside needs to know the cost of the inventory, the annual sales, cost of goods sold, annual gross profit and markup percentage for each item.
2. Professor Burnside wants to know the sum, average, maximum and minimum for cost of the inventory, annual sales, cost of goods sold, and annual gross profit.
3. Professor Burnside wants the worksheet to flag any item that has a markup of 25% or less so he can decide if the price needs readjustment. The formula for Markup is =(Price-Cost)/Cost
4. Professor Burnside wants to identify the top five best selling items.
5. Professor Burnside wants to see a pie chart showing the percentages each item makes up of gross profit margin.
6. Professor Burnside wants a line chart comparing the inventory costs of the items.
7. Professor Burnside needs a bar chart that compares Cost of Goods Sold with Annual Sales.
8. Professor Burnside wants a pivot table of the data. The column heading is type. The value to be averaged is Annual Gross Profit.
9. Upload the completed file to the Excel Project Dropbox.
Note: A pivot table is a data summarization tool found in data visualization programs such as spreadsheets or business intelligence software. A pivot-table can automatically sort, count total or give the average of the data stored in one table or spreadsheet. It displays the results in a second table (called a "pivot table") showing the summarized data.
All dollar values are to be formatted to currency. All columns that have percentages are to be formatted using percentage with two decimal places. The header of the worksheet must include the business name and be date/time stamped. The footer must contain the name of the creator of the workbook.
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