Reference no: EM132215718

Part 1

Create a multi-sheet workbook that will include an Inventory sheet, Sales Tracking Quantity Sold sheet, Sales Tracking Sales Revenue sheet, a Customer Invoice sheet, a Sales Report sheet, and a Vehicle Purchase sheet according to the following specifications.

Objectives:

• Create, edit, and format a new workbook

• Enter and edit labels and values

• Use the SUM function

• Review and prepare for printing

• Build and edit basic formulas, including order of operations

• Use absolute, mixed, relative, and 3D cell references with the greatest of efficiency

• Work with Statistical and Date/Time functions

• Construct Financial, Logical, and Lookup & Reference, and Math & Trig functions

A. Inventory

1. Include at least 7-10 products/services. Determine what needs to be included SUCH AS, but not limited to, Product ID or Item #, Product Name or Description, Quantity on Hand,Cost,Price, Inventory values at Cost and Retail, and potential Profit for your 7-10 products

2. Note: This sheet will be used in a VLookupfunction; therefore, be sure the order of the list is properly set. Another option is to set the Range_lookup to false in the VLOOKUP function.

B. Sales Tracking Quantity Sold Worksheet

Set up a sales tracking worksheet for your business.

1. Ensure there are at least 7-10 products or services included.

2. Include identifiable characteristics such as item numbers, quantity sold, and totals.

3. You will need to track monthly quantity sold for two quarters (six months).

4. Ensure all appropriate calculations are included so anyone viewing the worksheet can easily find monthly, quarterly, and 6 month totals for each product/service as well as totals of all products/services for each month, quarter, and grand total. Keep the 6 months together; do not break them up with the quarterly totals. This is necessary for part 2 of the assignment.

C. Sales TrackingSales Revenue Worksheet

Set up a sales tracking worksheet for your business.

1. Copy the Sales Tracking Quantity Sold worksheet to a new worksheet. This will become the Sales Tracking Sales Revenue worksheet.

2. Delete the values for the quantities sold only. Do not delete any formulas

3. Using the appropriate cell reference, calculate the Sales revenue for each product and each month by creating a formula, that will multiply the quantity sold by the retail prices.

Ensure all appropriate calculations are included so anyone viewing the worksheet can easily find monthly, quarterly, and 6 month totals for each product/service as well as totals of all products/services for each month,quarter, and grand total.

4. Include a new column to show the percentage of each item to the total of all sales for the 6-month period.

D. Customer Invoice -

1. Research what should be included on an invoice and set up accordingly.

2. Keep in mind that you will be calculating sales tax for EACH ITEM properly and efficiently referencing the cell with the sales tax rate on the Inventory sheet.

3. Include any 4 items (Product ID or Item #) on the invoice. Use a VLookup to fill in the Description and Price. For the Quantity, use any numbers you would like.

4. List a sales tax rate somewhere on the customer invoice.

5. Build formulas where necessary to determine the total cost for each item, the tax amount, and the total including tax.

6. The invoice should also show the total cost of all items before tax, total tax, and grand total of all.

7. Use a date function for the Invoice Date

E. Sales Report-

Consider what the sales manager would want to see on this report while developing the layout.

1. Create a sheet that would list all items/services/mealssold in one day by 3 different sales streams (3 sales rep, 3 store location, 3 regions, or 3 distribution channels, etc.)

2. Add 15 -20 items to this report spreading them amongst the 3 different sales streams. There SHOULD BE duplicates of some items, but with differing quantities.

3. At the top of the report, add the following statistics from the report using the appropriate functions:

a) The average sale amount

b) The total sales amount sold through each sales stream

c) Select one specific sales stream and, using the correct function, count how many individual sales were made by that sales stream. [Example, you have three sales reps, A, B, and C. How many invoices were generated from that sales rep A?]

F. Capital Purchase Scenario -

1. You need to purchase a new vehicle for your business. Select and document (make, model, year, price) the vehicle you would like to purchase.

2. Document your target monthly payment (What dollar amount would fit into your budget? For example, the monthly payment should not exceed $500.)

3. Determine the monthly loan payment for three potential scenarios. The loan amount should remain constant, but the term and/or interest rate should change in each scenario.

4. Withyour target monthly payment as your comparison to EACH of the three scenarios, use the correct Logical function to determine whether the scenario will achieve your goal. (Note: If the monthly payment is less than or equal to your goal, indicate that is does, otherwise, indicate that the payment is too high)