devry bis155 week 5 ilab 5 and 6

Submit your assignment to the Dropbox located on the silver tab at the top of this page.

Connect to the iLab here.

iLAB OVERVIEW

Scenario/Summary

The owner of Bruno's Pizza, Joe Bruno, wants to evaluate the profitability of his three restaurants before he expands further. He is particularly interested in the comparative results of three dining categories, dine-in, pickup, and delivery. Joe has asked for your help in doing this analysis in return for a small stipend and all the pizza you can eat. You have already prepared a template and distributed it to each restaurant manager, who has entered the sales data for last year. Your next task is to consolidate the data into a single workbook that shows the total sales for each quarter and each dining category. The information should be shown in tabular, as well as graphical formats. You will also create a documentation sheet so that Joe will know exactly what you have created.

Deliverables

Turn in one workbook, titled Lab5_yourlastname.xlsx. When submitting the workbook, provide a comment in the Dropbox comments area explaining what you learned from completing this lab activity. IMPORTANT: There are two iLabs this week, and there is a separate Dropbox basket for each one. Be sure to submit your work for this iLab (Lab 5) to the Dropbox basket labeled simply Week 5: iLab, notto the basket labeled Week 5: iLab - 6.

iLAB STEPS

STEP 1: Open all Worksheets and consolidate into a summary worksheet. (10 points)

Download the Lab 5, Step 1 Instructions.

You must open four workbooks--the partially completed Summary worksheet and the completed Westside, Eastside, and Downtown workbooks. Consolidate the data from the three completed worksheets into the Summary worksheet.

1. From Doc Sharing, Lab Materials, open the chap7_cap files: Summary, Eastside, Downtown, and Westside.
2. Copy the data from the Eastside, Downtown, and Westside workbooks into the Summary workbook so that the Summary workbook has four worksheets.
3. Rename the Summary file lab5_yourlastname.xlsx.
4. Close all files except the Summary Workbook.

   How to use the lab videos

   Please do not rely solely on the videos to complete this week's lab. The videos may not exactly match the official lab instructions, and may not show all the steps required. For full credit, follow the written instructions on the main iLab page and the linked Step-By-Step guides. Check your work against the screen shots in the written instructions and the Lab and Project Grading Criteria provided in Doc Sharing. The videos can still help you, by showing operations that are similar to, but not exactly the same as, those needed for the lab. Use the videos as a rough visual guide, but not as your only source of directions. If you have any questions, please post in the Q & A Forum or contact your instructor.

   
   

   Transcript This video will demonstrate how to complete the current step(s) of this week's Lab. The video may provide alternative ways of completing steps and may not cover all required steps. It is provided as a tool to help you, but please ensure that you have completed all steps as described in the instructions and Step-by-Step guide. ** Please be patient when loading these videos as they can be large.

STEP 2: Summarize Dining Categories by Quarter (15 points)

Download the Lab 5, Step 2 Instructions.

You must provide a summary report of the dining category sales by quarter for the year so that Joe Bruno knows exactly what each location is doing.

1. Create formulas to calculate sales by dining category and quarter on the Summary Sheet.
2. Group the worksheets and add Grand Totals by Dining Category and by Quarter.
   
   

   Transcript This video walks through the current step(s) in this week's Lab. The video may provide alternative ways of completing steps and may not cover all required steps. It is provided as a tool to help you, but please ensure that you have completed all steps as described in the instructions and Step-by-Step guides. ** Please be patient when loading these videos as they can be large.

STEP 3: Create Graph (15 points)

Joe Bruno is more of a visual person, and you want to present your data in an alternate way. You will create a Chart to summarize your data.

1. Create a Chart on a separate sheet. Your chart should show the amount of income from each of the dining categories displayed by Quarter. A trend line might help him to see the area of highest growth.
2. Include a title, legend, and data labels on your chart.
3. Format the chart to coordinate with your summary table, using the same colors, fonts, titles, and clip art.

Need help? Review Week 1 Step-by-Step instructions for Charting. Hint: Select Clustered Columns as your basic Chart Type. The following is a suggested format (your answers may vary):

Image Description

STEP 4: Create a Documentation Sheet (10 points)

You must document your worksheet with a professional-looking documentation sheet before Joe Bruno can reimburse you for your work.

1. Insert a new worksheet and rename the sheet tab Documentation.
2. Include the following on your documentation worksheet: Your name as author, Date of creation, Date of last modification, Purpose. Create a Contents section that lists the sheets in the workbook and provides a brief description.
3. Format the documentation worksheet using the same colors and font used in other worksheets and charts.
4. Hide the gridlines on the Documentation Sheet using the Page Layout Tab, Sheet Options group.
5. Group the worksheets and create a custom footer with your name on the left, the page number in the middle, and the instructor's name on the right.
6. Based on your analysis, do you think Bruno should add another store to his chain? Why or why not? Provide a comment on the Documentation Sheet.

Submit your completed workbook to the Dropbox. Make sure you post a comment about what you learned when submitting the file. IMPORTANT: There are two iLabs this week, and there is a separate Dropbox basket for each one. Be sure to submit your work for this iLab (Lab 5) to the Dropbox basket labeled simply Week 5: iLab, notto the basket labeled Week 5: iLab - 6.

Submit your assignment to the Dropbox located on the silver tab at the top of this page.

Connect to the iLab here.

iLAB OVERVIEW

Scenario/Summary

Your friend, Jane Morales, is considering opening a Day Care Center. She has started compiling her assumptions and putting together an Income Statement. She has determined that she must make at least $75,000 profit per year in order to start the business. She has asked you to analyze her Income Statement and help her determine whether it is viable for her to start this business. You have agreed to help her complete her Income Statement and to perform What-If analysis to help her look at her potential profitability.

Deliverables

Turn in one workbook, titled Lab6_yourlastname.xlsx. When submitting the workbook, provide a comment in the Dropbox comments area explaining what you learned from completing this lab activity. IMPORTANT: There are two iLabs this week, and there is a separate Dropbox basket for each one. Be sure to submit your work for this iLab (Lab 6) to the Dropbox basket labeled Week 5: iLab - 6, notto the basket labeled simply Week 5: iLab.

iLAB STEPS

STEP 1: Open Worksheet and Complete the Income Statement (15 points)

Jane needs your help in completing her Income Statement. She has provided the basic assumptions, but you need to provide the calculations that will be used as you perform What-If Analysis.

1. From Doc Sharing (Lab Materials folder), open wk5_chap8_daycare_income_statement.xlsx. Notice that Jane has provided the basic assumptions concerning her costs and her revenue.
2. Complete the following calculations:

   Revenue

   • Total Revenue. Multiply tuition per day times number of days by number of children.

   Variable Expenses are those expenses that will depend on the number of children served each year. Jane has provided the assumptions. Define annual costs based on the cost per day multiplied by the number of children multiplied by the number of days:

   • Food Expenses
   • Supply Expenses

   Teacher Cost. Create a VLOOKUP function to determine the annual teacher cost. The Lookup Value is the number of children. The Lookup Table is in cells E3:F7. The Index Column is the second column in the table. You want the closest match. Multiply the LOOKUP function times the annual teacher salary.

   Total Variable expenses. This will be the SUM of all of the Variable Expenses (B17:B19).

   Summary. Use formulas in these cells because you will wish to change the values in your assumption section to see how these changes impact the Net Income.

   Total Revenue should refer to the Total Revenue cell (B14).

   Total Expense is Variable Costs + Fixed Costs.

   Net Income is Total Revenue - Total Expense

3. Rename the file Lab6_yourlastname.xlsx.

   Your Income Statement should look like the one below, but it is important that you have created formulas rather than typing in amounts. As you perform What-If Analysis, the formulas will be recalculated to show you the results of changing assumptions:

   

   Image Description

   Transcript This video will demonstrate how to complete the current step(s) of this week's Lab. The video may provide alternative ways of completing steps and may not cover all required steps. It is provided as a tool to help you, but please ensure that you have completed all steps as described in the instructions and Step-by-Step guides. Please be patient when loading these videos as they can be large.

STEP 2: Analyze the Difference in Total Expenses and Net Income When You Vary the Number of Students (10 points)

Download the Lab 6, Step 2 Instructions.

Jane desires to look at the differences in her net income depending on the number of children she cares for. Her house will accommodate no more than 15 children, and she believes she should have no less than 6 children. Because you are varying only one of your assumptions, you can develop a one-variable data table. A one-variable data table will allow you to see the impact of changing one variable--and see the results on multiple outputs.

1. Set up the Data Table to display number of children from 6 through 15. Add a descriptive title to the Data Table.
2. Show the Expenses and Net Income for each change in number of children.
3. Populate the Data Table using the Data Tab, What-If Analysis, Data Table tool.
4. Apply Conditional Formatting to Net Income that is above $75,000.

Your final Data Table should look something like this:

STEP 3: Analyze the difference in Net Income When You Vary the Number of Students and the Charge per Student (10 points)

Download the Lab 6, Step 3 Instructions.

Jane also wishes to look at the impact on Net Income when she varies the number of students and the charge per student. Use a two-variable data table to analyze.

1. Set up the Data Table to display number of children as the row input (6--15) and charge per student (35--75 in $5 increments) as the column input.

   NOTE: In a Data Table, the information in the top row of the table is called the row input and the information in the first column of the table is called the column input. We usually think of the top row in Excel as a column header and the labels in the first column as row labels, so this may seem a bit confusing. Just remember, in a Data Table, the top row is row input; first column is column input.

2. Enter Net Income in the result cell, and format this cell to display no data.
3. Add a descriptive heading.
4. Create the data table and apply conditional formatting to Net Income values over $75,000.

Your Data Table will look something like this:

STEP 4: Create Scenarios and a Scenario Summary (10 points)

Download the Lab 6, Step 4 Instructions.

Jane wants to look at three scenarios.

She wants to see the Net Income that would be achieved in each Scenario and compare this to her original assumptions.

1. Name the cells that will be used in the Scenario.
2. Create the three Scenarios.
3. Create a Scenario Summary.
4. Move the Scenario Summary to the end of the workbook.

STEP 5: Create a Documentation Sheet and provide a Recommendation (5 points)

1. Add a documentation sheet to the beginning of the workbook. Include Author, date Created, Last Modified, and Contents sections.
2. Provide a recommendation to Jane.
3. Format the documentation sheet to match the look and feel of the other sheets in the workbook.
4. Add a graphic to the documentation sheet.

Submit your completed workbook to the Dropbox. Make sure you post a comment about what you learned when submitting the file. IMPORTANT: There are two iLabs this week, and there is a separate Dropbox basket for each one. Be sure to submit your work for this iLab (Lab 6) to the Dropbox basket labeled Week 5: iLab - 6, notto the basket labeled simply Week 5: iLab.