Data Analytics For Accounting
19th Edition
ISBN: 9781260375190
Author: RICHARDSON, Vernon J., Teeter, Ryan, Terrell, Katie
Publisher: Mcgraw-hill Education,
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Question
Chapter 4, Problem 6P
To determine
Identify the chart which would be used to assess geographic customer concentration by number. Explain how it could be shown if some customers buy more than other customers on such a map.
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Mischief, Inc., is a regional pet toy supplier that tracks its business sales in a spreadsheet. The owner, Lisa Derrick, has provided you with a skeleton worksheet, T2_TotalMischief_ Data.xls, with the totals for each quarter by sales region. Lisa needs you to total each column and row, and then provide her with a clustered column chart of each region by quarter. See Figure T2.21 for a sample of what Lisa would like you to do.
Regional Sales Summary
1st Quarter
2nd Quarter
3rd Quarter
4th Quarter
Totals
Northeast
$ 119,700.00
$ 125,100.00
$ 133,400.00
$ 139,500.00
South
$ 48,900.00
$ 52,000.00
$ 49,600.00
$ 54,500.00
Midwest
$ 34,600.00
$ 32,200.00
$ 47,000.00
$ 45,900.00
West
$ 56,200.00
$ 49,000.00
$ 52,000.00
$ 51,300.00
Totals
Retail companies with today’s online, as well as in-store sales have a lot of data to keep track of!
Keeping track of sales, costs, and profits daily is essential to making the most of a business. This exercise illustrates how to use the skills presented in this Module to generate the data needed daily by a retail company.
Create the following calculated columns.
a) In I4, and J4, use a VLOOKUP function that will look up the Product Price and Product
Cost based on the Product Sold column which lists an ID number. [Hint: The Product Table
sheet lists the Price and Cost] If any error messages appear, check the Range Lookup.
b) In K4, use a formula to calculate Profit. Hint: Profit =(Product Price-Product
Cost)*Units Sold
Format columns I, J, and K as currency with two decimal places.
Make a copy of the Sales sheet and rename it Online Sales by Date. Place this sheet to the right of the Sales sheet. Answer the following question by filtering the data accordingly.
a) What was the…
For the Restaurant Sales database,:(a) Obtain the Min and Max amount in sales(b) For each Bin shown in the excel sheet, calculate the frequency for each bin as follows:For ex: if the Bin value is $200, the frequency is the number of entries, whose sales are Less than or equal to 200.Next Bin value is $250 => Frequency is the number of entries, whose sales is >200 and less than or equal to 250.And so on….
(c) Now that your values for Frequency and Bins is complete, use any data visualization tool/chart to plot – Sales on the X axis and Frequency on Y axis.(d) Looking at the plot /graph/chart in (c), what do you infer about the relationship?
Chapter 4 Solutions
Data Analytics For Accounting
Ch. 4 - Prob. 1MCQCh. 4 - In the late 1960s, Ed Altman developed a model to...Ch. 4 - Justin Zobel suggests that revising your writing...Ch. 4 - Prob. 4MCQCh. 4 - The Fahrenheit scale of temperature measurement...Ch. 4 - _______ data would be considered the least...Ch. 4 - ________ data would be considered the most...Ch. 4 - Prob. 8MCQCh. 4 - Exhibit 4-8 gives chart suggestions for what data...Ch. 4 - Prob. 10MCQ
Ch. 4 - Prob. 1DQCh. 4 - Prob. 2DQCh. 4 - Prob. 3DQCh. 4 - Prob. 4DQCh. 4 - Prob. 5DQCh. 4 - Based on the data from datavizcatalogue.com, how...Ch. 4 - Prob. 7DQCh. 4 - Prob. 8DQCh. 4 - Prob. 9DQCh. 4 - Prob. 1PCh. 4 - Prob. 2PCh. 4 - Prob. 3PCh. 4 - According to Exhibit 4-8, which is the best chart...Ch. 4 - Prob. 5PCh. 4 - Prob. 6PCh. 4 - Prob. 7P
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