Ask Accounting Basics Expert

Part 1: Write the formulas needed in Cells I7 and J7 to total sales and calculate commission, if any, earned for the week. Use cell references in your formulas, and write them so that they may be copied to Cells I8 through I11 and J8 through J11.

Part 2: Write the formula needed in Cell B19 to show the amount of the highest sales for the week, and the formula needed in B20 to show the average sales by salesperson for the week.

Part 3: Describe the formatting needed to give the worksheet a professional appearance.

Part 4: You know others in your company may have questions about the worksheet, so you want to be sure they know who created it and the purpose of the worksheet. Describe the best way to incorporate this information into your workbook.

1) A retail chain keeps daily data with summaries of the dollar amounts of sales for each of 151 different products sold at 23 retail stores. The daily data is tracked by product and by store. At the end of the day each store sends its data to the sales manager at the corporate office. The data is sent in an Excel spreadsheet. Describe a data consolidation strategy and at least two different types of visualization techniques the sales manager can use to analyze the data received from all stores. Be sure to include formulas that are to be used in the Excel spreadsheet.

2) You are an analyst for the Vanguard Mortgage Company has been using a spreadsheet created by you in the past which functions well. The current worksheet you created currently contains the customer's account, the cost of the house, down payment, amount financed, mortgage rate, loan years (e.g. 30 year), % financed, date financed and payoff year. You have been tasked with enhancing the worksheet to include noted basic summary statistics. Which sorts of summary statistical methods would you include in the updated workbook? Describe at least six statistical functions that you would use so that you could explain them to your supervisor.

3) A table named "Daily Sales" in a Microsoft Access database has the following fields:Product A

Product B

Product C

Product D

Each record on the table represents a day of total sales for each product and the data covers the last five years. Your boss asks you to create a visual report of the sales performance of each product during the last 12 months.

Prepare a step-by-step description of how you would use Microsoft Excel to prepare the report and email it to your boss following these steps:

Step 1 - Import data from Access to Excel

Step 2 - Summarize Monthly Data for each product during the last 12 months

Step 3 - Create a visual representation of monthly data

Step 4 - Email the spreadsheet with your comments to your boss

Note: This question has three parts:

As the Sales Manager of a global company, you would like to use MS Excel to analyze the sales data for the entire company. The first challenge is, the Sales Data System cannot export its data as a MS Excel Workbook. It can however, generate a TXT file. Please explain how you would get the data into Excel for analysis

As the Sales Manager, decide two things you would like to know from the sales data (data available: country, product, price per product, date product was sold, quantity sold, sales person). Then select two features you would use to analyze the data to provide you with the information you desire. Please be clear on what two things you would like to know and how you will use the selected feature to provide that information.

With the information now known, please describe how you would present this information to senior management. Please be specific and be sure to consider the audience.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M91394804
  • Price:- $65

Guranteed 36 Hours Delivery, In Price:- $65

Have any Question?


Related Questions in Accounting Basics

Question what discoveries have you made in your research

Question: What discoveries have you made in your research and how does this information inform your ability to evaluate effective coaching and its impact on organizations? Consider these guiding questions: 1. What core c ...

Question requirement 1 read the article in below attachment

Question: Requirement: 1. Read the article in below attachment, and answer the questions in a paper format. Read below requirements before your writing! 2. Not to list the answers, and you should write as a paper format. ...

Question as a financial consultant you have contracted with

Question: As a financial consultant, you have contracted with Wheel Industries to evaluate their procedures involving the evaluation of long term investment opportunities. You have agreed to provide a detailed report ill ...

Question the following information is taken from the

Question: The following information is taken from the accrual accounting records of Kroger Sales Company: 1. During January, Kroger paid $9,150 for supplies to be used in sales to customers during the next 2 months (Febr ...

Assignment 1 lasa 2-capital budgeting techniquesas a

Assignment 1: LASA # 2-Capital Budgeting Techniques As a financial consultant, you have contracted with Wheel Industries to evaluate their procedures involving the evaluation of long term investment opportunities. You ha ...

Assignment 2 discussion questionthe finance department of a

Assignment 2: Discussion Question The finance department of a large corporation has evaluated a possible capital project using the NPV method, the Payback Method, and the IRR method. The analysts are puzzled, since the N ...

Question in this case you have been provided financial

Question: In this case, you have been provided financial information about the company in order to create a cash budget. Management is seeking advice or clarification on three main assumptions the company has been operat ...

Question 1what step in the accounting cycle do adjusting

Question: 1. What step in the accounting cycle do Adjusting Entries show up 2. How do these relate to the Accounting Worksheet? 3. Why are they completed at the end of each accounting period? The response must be typed, ...

Question is it important for non-accountants to understand

Question: Is it important for non-accountants to understand how to read financial statements? If you are not part of the accounting/finance function in a business what difference would it make? The response must be typed ...

Question refer to the hat rack cash flow statement 2002 in

Question: Refer to the Hat Rack Cash Flow Statement, 2002 in the text on page 17. Answer the following questions and submit to me via Canvas by the due date. 1. Cash flow from operations? 2. Cash flow from investing? 3. ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As