Question: Michelle has three stores named Michelles Teas which sell different flavors of teas. Michelle has been keeping the sales figures manually. She has decided that

Michelle has three stores named Michelle’s Teas which sell different flavors of teas. Michelle has been keeping the sales figures manually. She has decided that a spreadsheet application can help her keep better tabs on sales and allow her to analyze how well the stores are selling each tea.

1. Michelle needs a worksheet for each store. Name the worksheets Store1. Store 2 and Store 3. Michelle needs to know the annual sales, cost of goods sold, annual gross profit, profit margin, and markup percentage for each item for each store.

2. Michelle wants to know the sum, average, maximum, and minimum for annual sales, cost of goods sold, and annual gross profit for each store.

3. Michelle wants the worksheet to flag any item that has a markup of 25 or less so she can decide if the price needs readjustment for each store. The formula for Markup is =(Price-Cost)/Cost

4. Michelle wants to identify the top two best-selling items for each store.

5. Michelle wants to see a pie chart showing the percentages each tea makes up of the gross profit margin for each store.

6. Michelle wants a line chart comparing the annual sales of the teas for each store.

7. Michelle needs a bar chart that compares Cost of Goods Sold with Annual Sales for each store.

8. Michelle wants a consolidated worksheet that calculates the total number of units sold for each tea, total sales for each tea, the total cost of goods for each tea, the total profit for each tea, and the average profit margin for each tea. The worksheet should highlight the two bestselling teas.

9. Michelle wants a bar chart comparing total sales to total costs for each tea.

10. Create a PivotTable, PivotChart, and slicer by tea name for the consolidated worksheet.

11. Create a dashboard that shows the KPI (Key Performance Indicators for each store) and the business.

12. Michelle wants a menu system that will allow her to move to any of the worksheets in the workbook.

Product

Price

Cost

Green Breaker

2.40

1.20

Grizzly Berry

3.00

2.00

Memphis Heat

3.50

2.25

Purple Hills

4.00

2.75

Blueberry Spaceship

2.00

0.50

Shinning Ocean

5.00

4.00

Store 1

Product - Units Sold

Green Breaker - 3000

Grizzly Berry - 2000

Memphis Heat - 1000

Purple Hills - 200

Blueberry Spaceship - 4000

Shining Oceans – 500

Store 2

Product - Units Sold

Green Breaker - 3575

Grizzly Berry - 1181

Memphis Heat - 149

Purple Hills - 1862

Blueberry Spaceship - 915

Shining Oceans – 1176

Store 3

Product - Units Sold

Green Breaker - 1795

Grizzly Berry - 3128

Memphis Heat - 2364

Purple Hills - 3086

Blueberry Spaceship - 3791

Shining Oceans – 1891

Step by Step Solution

3.34 Rating (154 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

1 The annual sales cost of goods sold annual gross profit profit margin and markup percentage for each item for each store STORE 1 Green Breaker Grizzly Berry Memphis Heat Purple Hills Blueberry Space... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!