This specific example, or any variation thereof, is not to be used for your own CCP project.

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Gary Logan
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1 BITS211 Students, This document is being provided to you as a model, or example of a CCP Project. The document is in PDF format and it's purpose is to give students a visual concept of the scope of the project. This specific example, or any variation thereof, is not to be used for your own CCP project. You must create your own business scenario that meets the guidelines and rubric requirements. Your proposal must be approved by your instructor in Week 2. Review the documents in the Syllabus area for all details regarding the CCP project. Note 1: Each page in this PDF document represents a separate worksheet page in the Excel workbook. In other words, this model Excel workbook has 12 sheets. Note 2: This model does not include examples of every option that you have available to you to fullfill the requirements. (i.e. Macro and Solver are not included)

2 Title: Author: Jane Doe Party Town USA Date: Purpose: Project Elements Data Sheets Formulas/Functions (list each) 31-May-11 This workbook is designed to organize the inventory and average amount of linens rented out during the month of June for the company called Party Town USA. It presents this information in various ways to help the company while making business decisions. Currently, the company is thinking of expanding, so the calculations focus on deciding which colors to order more items of. It also presents a projected income statement and various calculations related to net income. (Expand as necessary) Explanation **Feel free to utilize more space for explanation then what is provided by stretching the rows or wrapping the text. The first sheet of data shows the inventory the store currently has on hand for each color in each item (napkins, table cloths, etc.). The second sheet show the rental amounts for each week in June, with the averages for the month of June displayed at the top of the sheet. The final sheet of data show a projected income statement for the business. Location (Sheet Tab and Cell References hyperlinks) Data 1 A1:I34 Data 2 A1: I173 Data 3 A1:B25 Formula #1 The AVERAGE function is used to calculate the average number of items rented out based off data for the four weeks in the month of June. Data 2 B3:F33 Formula #2 The SUM function is used to calculate the total number of items in inventory based off type (napkin, chair tie, etc.) and based on color. Data 1 H3:H34; B34:F34 Subtraction is used to calculate the number of items that were not rented out during an average week in the month of June. This takes the total Formula #3 number in stock, minus the average number rented out. Data 2 H3:H33 IF-function The IF function is used to determine how soon the company should order more of each color based off the popularity of the color. For example if the item has a very high popularity they need to order more, if it has a high popularity, they need to order more soon. Data 2 J3:J33 Filtered List The filtered list is used to indicate which colors had over 500 items that were not rented out during the average week in June. This may indicate that there are too many of this item in stock and it shows that the company will not need to order more of this item in the near future. Filtered List The conditional formatting highlights the top 10% of inventory rented out during the average week of June based on category and based on the Conditional Formatting total column. Data 2 B3:G33 Chart #1 This chart shows the total number of items the store carries in each color. This will help them determine which colors they have the fewest number of items for, which will help them to decide which colors to order more of. Bar Graph A1:P28 Chart #2 This chart shows the most popular colors based off the total number rented out during an average week in June. This will help the store to decide which items they need to make sure they have a good supply of. Pie Chart A1:P28 Lookup Table w/lookup Function The Lookup Function is used to assign a popularity rating to each color. This will help the store to determine which colors they will want to buy more of first when they are ready to expand their operations. Data 2 I2:I33; L2:M7 There is a data validation on the numbers that can be entered for the weekly rentals. The number must be a whole number because a customer cannot rent a fraction of a linen. The number also must be less than or equal to 1,500 because that is the largest number of items Party Town Data 2 B38:F68; B73:F103; B108:F138; Data Validation w/ error USA has in stock. As the stock increases, so will the limit on these cells. B143:F173 Pivot Table with chart The pivot table and chart are used to show how many items the store has in stock based off the popularity ratings for the colors. Since the store has more low popularity items in stock, they may want to order more of the high and very high popularity items to help expand operations. Pivot Table A1:F27 Pick one of two One-Variable Data Table Goal Seek Pick two of four Macro Two-Variable Data Table A one-variable data table is used to see the effect that different revenue amounts from linen rentals would have on sales, gross profit, and net income. The store wants to earn a higher income, and is interested in seeing how increasing the linen rentals will affect this and other income statement items. One of Excel's What-If Analysis tools that provides a method to find a specific value for a cell by adjusting the value of one other cell. The business question to answer is: If we want to decrease the value of the rent expense percentage of cost of goods sold to 30%, what rent cost should we look for? Since there is only one variable in this calcultion, Goal Seek can be used. (Note: A Macro example is not included in this model but it is one of the options to meet this area of the project requirements) A two-variable table is used to show the company how their net income would be affected by various levels of sales and expenses. If they increase operations, they would also have to spend some more on expenses, so this table would allow them to see what levels of sales and expenses they would need in order to reach targeted net income. One-Variable E3:H11 Goal Seek'!A1 Two-Variable E1:K10 The scenario manager allows the company to view some scenarios they have created and their effects on net income. The company is looking at either increasing their sale of party supplies, increasing the rental of linens, increasing both, or streamlining operations to decrease expenses. The scenario manager allows them to see the affect these options will have on their projected net income. These scenarios also consider the change the increase or decrease in operations will have on operating expenses. For example, rent expense increases when there are higher Summary shown in: Scenario Summary Scenario Managersales of party supplies because the store will need extra space to display the new merchandise. A1:H21 Solver (Note: A Solver example is not included in this model but it is one of the options to meet this area of the project requirements) Additional Included Functionalities Addition is used to determine total sales. Data 3 B6 Another formula is addition to determine cost of goods sold. Data 3 B11 Subtraction is used to determine gross profit. Data 3 B13 The sum function is used to add up total expenses. Data 3 B23 Subtraction is used again to determine net income. Data 3 B25 Defined Names The cells in Data 3 B3:B25 have defined names. This makes the scenario summary easier to interpret because it lists the name of the cell rater than just the cell reference. Data 3 B3:B25 Input Messages The cells in Data 2 where the weekly rental amounts are entered have an input message. This allows users to know what value they are supposed to enter into the cell. Data 2 B38:F56; B73:F103; B108:F138; B143:F173 Documentation Sheet

3 Inventory Totals Round Table Cloths Square Table Cloths Location Total Popularity Color/Pattern Napkins Chair Ties Chair Covers White 1,500 1,500 1,500 1,000 1,000 Cart 1 6,500 Very High White Satin Stripe 1,000 1,000 1, Cart 2 4,400 Average Ivory 1,500 1,500 1,500 1,000 1,000 Cart 3 6,500 High Ivory Satin Stripe 1,000 1,000 1, Cart4 4,400 Average Light Pink Cart 5 Shelf 1 3,000 Low Light Pink Satin Stripe Cart 5 Shelf 2 1,100 Very Low Pink Cart 5 Shelf 3 3,000 Low Pink Satin Stripe Cart 6 Shelf 1 1,100 Very Low Hot Pink Cart 6 Shelf 2 1,100 Very Low Orange Cart 6 Shelf 3 1,100 Very Low Red 1,000 1,000 1, Cart 7 Shelf 1 4,400 Average Red Satin Stripe Cart 7 Shelf 2 3,100 Low Sky Blue Cart 7 Shelf 3 3,000 Low Sky Blue Satin Stripe Cart 8 Shelf 1 1,100 Very Low Medium Blue Cart 8 Shelf 2 3,000 Low Medium Blue Satin Stripe Cart 8 Shelf 3 1,100 Very Low Blue Cart 9 Shelf 1 3,000 Low Blue Satin Stripe Cart 9 Shelf 2 1,100 Very Low Lilac Cart 9 Shelf 3 3,000 Low Lilac Satin Stripe Cart 10 Shelf 1 1,100 Very Low Purple Cart 10 Shelf 2 3,000 Low Purple Satin Stripe Cart 10 Shelf 3 1,100 Very Low Deep Plum Cart 11 Shelf 1 3,000 Low Deep Plum Satin Stripe Cart 11 Shelf 2 1,100 Very Low Soft Green Cart 11 Shelf 3 3,000 Low Soft Green Satin Stripe Cart 12 Shelf 1 1,100 Very Low Green Cart 12 Shelf 2 3,000 Low Forrest Green Cart 12 Shelf 3 3,000 Low Sunshine Yellow Cart 13 Shelf 1 3,000 Low Slate Cart 13 Shelf 2 2,900 Low Black 1,000 1,000 1, Cart 13 Shelf 3 4,200 Average Total 21,500 21,500 21,500 10,000 10,000 84,500 Data 1

4 Color/Pattern Napkins Chair Ties Chair Covers Round Table Cloths Square Table Cloths Total Inventory Not Rented Out Popularity Order More Total Popularity White 1,433 1,359 1, , Very High Yes 0 Very Low White Satin Stripe , Average Someday 1,500 Low Ivory 1,343 1,418 1, , High Soon 3,000 Average Ivory Satin Stripe , Average Someday 4,500 High Light Pink , Low No 6,000 Very High Light Pink Satin Stripe Very Low No Pink , Low No Pink Satin Stripe Very Low No Top 10% of Items Rented Out Hot Pink Very Low No Orange Very Low No Red , Average Someday Red Satin Stripe , Low No Sky Blue , Low No Sky Blue Satin Stripe Very Low No Medium Blue , Low No Medium Blue Satin Stripe Very Low No Blue , Low No Blue Satin Stripe Very Low No Lilac , Low No Lilac Satin Stripe Very Low No Purple , Low No Purple Satin Stripe Very Low No Deep Plum , Low No Deep Plum Satin Stripe Very Low No Soft Green , Low No Soft Green Satin Stripe Very Low No Green , Low No Forrest Green , Low No Sunshine Yellow , Low No Slate , Low No Black , Average Someday Total 18,684 18,655 18,544 8,011 8,381 72,275 12,225 Rentals for Week 1 of June Average Rentals for the Month of June Color/Pattern Napkins Chair Ties Chair Covers Round Table Cloths Square Table Cloths Color/Pattern Napkins Chair Ties Chair CoveRound Square Table Cloths White 1,484 1,306 1, White 1,382 1,493 1, White Satin Stripe White Satin Stripe Ivory 1,317 1,363 1, Ivory 1,331 1,491 1, Ivory Satin Stripe Ivory Satin Stripe Light Pink Light Pink Light Pink Satin Stripe Light Pink Satin Stripe Pink Pink Pink Satin Stripe Pink Satin Stripe Hot Pink Hot Pink Orange Orange Red Red Red Satin Stripe Red Satin Stripe Sky Blue Sky Blue Sky Blue Satin Stripe Sky Blue Satin Stripe Medium Blue Medium Blue Medium Blue Satin Stripe Medium Blue Satin Stripe Blue Blue Blue Satin Stripe Blue Satin Stripe Lilac Lilac Lilac Satin Stripe Lilac Satin Stripe Purple Purple Purple Satin Stripe Purple Satin Stripe Deep Plum Deep Plum Deep Plum Satin Stripe Deep Plum Satin Stripe Soft Green Soft Green Soft Green Satin Stripe Soft Green Satin Stripe Green Green Forrest Green Forrest Green Sunshine Yellow Sunshine Yellow Slate Slate Black Black Rentals for Week 3 of June Rentals for Week 2 of June Rentals for Week 4 of June Color/Pattern Napkins Chair Ties Chair Covers Round Table Cloths Square Table Cloths Color/Pattern Napkins Chair Ties Chair Covers Round Square Table Cloths Table Cloths White 1,431 1,335 1, White 1,433 1,302 1, White Satin Stripe White Satin Stripe Ivory 1,378 1,485 1, Ivory 1,345 1,334 1, Ivory Satin Stripe Ivory Satin Stripe Light Pink Light Pink Light Pink Satin Stripe Light Pink Satin Stripe Pink Pink Pink Satin Stripe Pink Satin Stripe Hot Pink Hot Pink Orange Orange Red Red Red Satin Stripe Red Satin Stripe Sky Blue Sky Blue Sky Blue Satin Stripe Sky Blue Satin Stripe Medium Blue Medium Blue Medium Blue Satin Stripe Medium Blue Satin Stripe Blue Blue Blue Satin Stripe Blue Satin Stripe Lilac Lilac Lilac Satin Stripe Lilac Satin Stripe Purple Purple Purple Satin Stripe Purple Satin Stripe Deep Plum Deep Plum Deep Plum Satin Stripe Deep Plum Satin Stripe Soft Green Soft Green Soft Green Satin Stripe Soft Green Satin Stripe Green Green Forrest Green Forrest Green Sunshine Yellow Sunshine Yellow Slate Slate Black Black Data 2

5 Projected Income Statement Sales Linen Rentals $ 15,000 Party Supplies $ 3,500 Total Sales $ 18,500 Cost of Goods Sold Linen Rental Upkeep $ 1,000 Party Supplies $ 1,500 Total Cost of Goods Sold $ 2,500 Gross Profit $ 16,000 Expenses Rent Expense $ 2,000 Salary Expense $ 1,500 Supplies Expense $ 700 Advertising Expense $ 325 Utilities Expense $ 500 Telephone/Internet Expense $ 100 Insurance Expense $ 800 Total Expenses $ 5,925 Net Income $ 10,075 Data 3

6 Inventory Totals Color/Pattern Napkins Chair Ties Chair Covers Round Table Cloths Square Table Cloths Total Inventory Not Rented Out White Satin Stripe Ivory Pink Red Satin Stripe Deep Plum Black Filtered List

7 Total 7,000 Total Items by Color 6,000 5,000 4,000 3,000 2,000 1,000 - Color/Pattern Bar Graph

8 White White Satin Stripe Ivory Ivory Satin Stripe Red Most Popular Colors in June White Ivory White Satin Stripe Ivory Satin Stripe 17% 26% 16% 16% 25% Pie Chart Data & Pie Chart

9 Total Stock Stock by Popularity Values Row Labels Sum of Square Table Cloths Sum of Round Table Cloths Sum of Chair Covers Sum of Chair Ties Sum of Napkins Very Low 1,100 1,100 3,300 3,300 3,300 Low 4,200 4,200 11,200 11,200 11,200 Average 2,700 2,700 4,000 4,000 4,000 High 1,000 1,000 1,500 1,500 1,500 Very High 1,000 1,000 1,500 1,500 1,500 Grand Total 10,000 10,000 21,500 21,500 21,500 12,000 Stock by Popularity 10,000 8,000 6,000 4,000 2,000 Sum of Square Table Cloths Sum of Round Table Cloths Sum of Chair Covers Sum of Chair Ties Sum of Napkins - Very Low Low Average High Very High Popularity Pivot Table

10 Projected Income Statement Sales Linen Rentals $ 15,000 Party Supplies $ 3,500 Total Sales $ 18,500 Cost of Goods Sold Linen Rental Upkeep $ 1,000 Party Supplies $ 1,500 Total Cost of Goods Sold $ 2,500 Gross Profit $ 16,000 Expenses Rent Expense $ 2,000 Salary Expense $ 1,500 Supplies Expense $ 700 Advertising Expense $ 325 Utilities Expense $ 500 Telephone/Internet Expense $ 100 Insurance Expense $ 800 Total Expenses $ 5,925 Net Income $ 10,075 Effects of Linen Rental on Profit Linnen Rentals Total Sales Gross Profit Net Income 10,000 13,500 11,000 5,075 12,500 16,000 13,500 7,575 15,000 18,500 16,000 10,075 17,500 21,000 18,500 12,575 20,000 23,500 21,000 15,075 22,500 26,000 23,500 17,575 25,000 28,500 26,000 20,075 One-Variable

Projected Income Statement Sales % of Sales Linen Rentals $ 15,000 81% Party Supplies $ 3,500 19% Total Sales $ 18,500 100% Cost of Goods Sold % of COGS Linen Rental

$ 1,500 25% Supplies Expense $ 700 12% Advertising Expense $ 325 5% Utilities Expense $ 500 8% Telephone/Internet Expense $ 100 2% Insurance Expense $ 800 14% Total

11 Projected Income Statement Sales % of Sales Linen Rentals $ 15,000 81% Party Supplies $ 3,500 19% Total Sales $ 18, % Cost of Goods Sold % of COGS Linen Rental Upkeep $ 1,000 40% Party Supplies $ 1,500 60% Total Cost of Goods Sold $ 2, % Gross Profit $ 16,000 Expenses % of Expenses Rent Expense $ 2,000 34% Salary Expense $ 1,500 25% Supplies Expense $ % Advertising Expense $ 325 5% Utilities Expense $ 500 8% Telephone/Internet Expense $ 100 2% Insurance Expense $ % Total Expenses $ 5, % Net Income $ 10,075 Goal: To Reduce Rent Expense from 34% to 30% of Total Expenses Goal Amount: $ 1,780 30% Screen Capture 1 Screen Capture 2 Goal Seek

12 Projected Income Statement Net Income with Various Sales and Expense Levels Sales Total Expenses Linen Rentals $ 15,000 Total Sales 5,000 6,000 7,000 8,000 9,000 10,000 Party Supplies $ 3,500 15,000 7,500 6,500 5,500 4,500 3,500 2,500 Total Sales $ 18,500 20,000 12,500 11,500 10,500 9,500 8,500 7,500 25,000 17,500 16,500 15,500 14,500 13,500 12,500 Cost of Goods Sold 30,000 22,500 21,500 20,500 19,500 18,500 17,500 Linen Rental Upkeep $ 1,000 35,000 27,500 26,500 25,500 24,500 23,500 22,500 Party Supplies $ 1,500 40,000 32,500 31,500 30,500 29,500 28,500 27,500 Total Cost of Goods Sold $ 2,500 Gross Profit $ 16,000 Expenses Rent Expense $ 2,000 Salary Expense $ 1,500 Supplies Expense $ 700 Advertising Expense $ 325 Utilities Expense $ 500 Telephone/Internet Expense $ 100 Insurance Expense $ 800 Total Expenses $ 5,925 Net Income $ 10,075 Two-Variable

13 Scenario Summary Current Values: Increase Party Supplies Sales Increase Linen Rentals Increase Party Supply Sales and Linen Rentals Streamline Operations Changing Cells: PartySupplies $ 3,500 $ 7,000 $ 3,500 $ 7,000 $ 3,500 Party_Supplies $ 1,500 $ 3,000 $ 1,500 $ 3,000 $ 1,500 Rent_Expense $ 2,000 $ 3,000 $ 3,000 $ 4,000 $ 1,500 Salary_Expense $ 1,500 $ 2,500 $ 2,500 $ 3,000 $ 1,000 Supplies_Expense $ 700 $ 800 $ 800 $ 900 $ 500 Utilities_Expense $ 500 $ 600 $ 600 $ 700 $ 400 Insurance_Expense $ 800 $ 1,000 $ 1,000 $ 1,500 $ 800 Linen_Rentals $ 15,000 $ 15,000 $ 30,000 $ 30,000 $ 15,000 Linen_Rental_Upkeep $ 1,000 $ 1,000 $ 2,500 $ 2,500 $ 1,000 Advertising_Expense $ 325 $ 325 $ 325 $ 325 $ 200 Result Cells: Net_Income $ 10,075 $ 9,675 $ 21,175 $ 20,975 $ 11,500 Notes: Current Values column represents values of changing cells at time Scenario Summary Report was created. Changing cells for each scenario are highlighted in gray. Scenario Summary

Introduction to Basic Excel Functions and Formulae Note: Basic Functions Note: Function Key(s)/Input Description 1. Sum 2. Product

Introduction to Basic Excel Functions and Formulae Excel has some very useful functions that you can use when working with formulae. This worksheet has been designed using Excel 2010 however the basic