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0 - ADMS2500 Data Analytics - Quiz Prep Guide

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41 views2 pages

0 - ADMS2500 Data Analytics - Quiz Prep Guide

Uploaded by

thirith Tek
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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ADMS2500 3.

00 Introduction to Financial Accounting


School of Administrative Studies
York University

Cabinet Accessory Company: Sales, Cost, and Gross Profit


Analysis*

Learning objectives
1. Find and correct errors in a data set (clean the data)
2. Add columns containing formulas to a data set
3. Create a pivot table in Excel
4. Create a pivot chart in Excel
5. Analyze sales data using a pivot table and a pivot chart
6. Determine the net impact on retained earnings using data from a pivot table
7. Create a calculated field in a pivot table
8. Sort a pivot table by stated criteria
9. Filter a pivot table
10. Interpret findings from a pivot table

Data set background


This dataset represents sales and cost data for a fictitious company, Cabinet Accessory Company (CAC),
covering the four-year period from 2015 to 2018. CAC sells cabinet hardware including knobs and pulls.
In the project, the student is asked to calculate the net impact on retained earnings each year from the
sales and cost data. The project also focuses on the calculation of gross profit from a set of sales data
and how that sales and cost data can be viewed from the perspective of the region, product line, etc.

Data dictionary
 customer number: Description
 region: There are eight regions: Central, East coast, Midwest, Northeast, Northwest, South,
West, and International.
 date_of_sale: Description
 item: Description
 brand: There are three brands: Elements, Jeffrey Alexander and Riders
 collection: Description (there are several collections, all have sold more than 1 unit)
 description: Description
 list_price: Description
 cost: Description
 quantity_sold: Description

*
* Case/Exercise developed by Wendy Tietz, professor of accounting at Kent State University in Kent, Ohio, USA.
More exercises and tutorials are available at https://accountingintheheadlines.com/category/data-analytics/

Copyright ©2018 Wendy M. Tietz, LLC


Prior to the analytics quiz date, all students will have access to:
1) this document with instructions
2) the video tutorial
3) the video tutorial sample dataset
4) the video tutorial slides and script
5) the dataset for a mock quiz and the mock quiz

During the actual quiz, students will answer a eClass quiz with 6
questions each pertaining to variations of requirements 2 to 6:
Requirement 1 - Create three columns in the Data worksheet that calculate sales revenue, cost, and
gross profit for each sales record (each row.) Use the columns already named in the Data
worksheet “sales revenue,” “total cost,” and “gross profit,” respectively. Format numbers in the
three columns as Accounting with two decimal places.
Requirement 2: Create a pivot table that shows sales revenue by region for each of the four years
and quarters. Correct any errors in the original dataset in the worksheet that are revealed in this
initial pivot table. Once you have corrected the errors in the original data set, refresh the pivot
table to reflect the corrected data. Insert a pivot chart that shows the sales revenue trend by
region over the four-year period. In the pivot chart, the x-axis should be years and the y-axis
should be sales revenue. What trends do you see in the pivot table and pivot chart?
Requirement 3 - Create a pivot table that shows sales revenue, total cost, and gross profit for each
year. What would have been the net impact on retained earnings in each of these years from
the transactions listed in the data set? Ignore any tax effects.
Requirement 4 - Create a pivot table to answer questions like “What was the most profitable brand in
each year, as measured by gross profit?” Link in the same pivot table gross profit percentage
and sales revenue; you will need to add a calculated field to the pivot table to calculate the
gross profit percentage.
Requirement 5 - Create a pivot table to answer questions like: “Within each brand, what was the
most profitable collection in 2018, as measured by the gross profit percentage? The least most
profitable collection for each brand?” Use the field “years” to filter the data to include just the
year of 2018. You will need to use the calculated field added in requirement 4 to calculate the
gross profit percentage. Within each brand, sort the collections by gross profit percentage, from
the largest to the smallest. Interpret your findings.
Requirement 6 - Create a pivot table to answer questions like “Which region was the most profitable
in 2018, as measured by the gross profit or its percentage?” Include gross profit (dollars) in the
pivot table. Use a filter to include only sales from 2018 in this pivot table. Sort the regions by
gross profit dollar or percentage, from largest to smallest.

To be submitted by students (eCalss online quiz)


All sections: Answer the online quiz in eClass (6 marks in total, 1 mark each question)

Copyright ©2018 Wendy M. Tietz, LLC

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