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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