Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

myStore.com is an online store that sells several products (see below). myStore.com wants to calculate profitability of each product in Year 2019 based on

image text in transcribed

myStore.com is an online store that sells several products (see below). myStore.com wants to calculate profitability of each product in Year 2019 based on Unit price, Unit cost and Units sold figures. Create an Excel worksheet to calculate profitability of each product. Product Unit Price Unit Unit Cost Profit Laptop PC 2,379.00 1012.00 Units Sold 311 Sales Profit % Total % Total Sales Profits Desktop PC 779.00 682.00 542 Video Game 99.00 82.00 2,353 Digital Camera 439.00 392.00 764 Memory Card 49.00 32.00 675 Total Average Maximum Minimum Part A: Use the following instructions to make the table: 1. Creating the table heading as "myStore.com" and sub-heading as "Profitability of Products (Year 2019)" 2. Calculate Unit Profit, Sales, and Profit. 3. Calculate Total, Average, Maximum and Minimum for Unit Price, Unit Cost, Unit Profit, Units Sold, Sales and Profit (use mathematical functions as appropriate). 4. Calculate % Total Sales as Sales of Product divided by Total Sales (for all products). 5. Calculate % Total Profit as Profit of Product divided by Total Profit (for all products). Part B. Use the following instructions to create a pie chart of all "% Total Profit" of all the products (place it in the SAME sheet): 1. Type Chart title as "Profitability of Products". 2. Include legend to show colors corresponding to each product on the chart. 3. Insert data labels to show percentage profitability for each product.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Charles E. Davis, Elizabeth Davis

3rd edition

978-1119234173, 1119234174, 1119343615, 978-1119182078, 1119182077, 978-1119234074, 1119234077, 978-1119343615

More Books

Students also viewed these Accounting questions

Question

What is cultural tourism and why is it growing?

Answered: 1 week ago