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ITECH1100 Understanding The Digital Revolution

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  • Course Code: ITECH1100
  • University: Federation University Australia
  • Country: Australia

Question:

Using Excel, create a spreadsheet called operating_costs.xlsx that calculates the projected annual outgoing costs of running Fiction Boomerang.
 
Your spreadsheet should be configured such that the working hours, hourly rates, and fixed and utility costs can be varied easily. Document your findings in your ePortfolio page
 
Throughout the day, customers come to Fiction Boomerang to buy books, and occasionally to sell them. When people bring in books to sell to Fiction Boomerang, the staff member on duty will review the books and make an offer for each one individually.
 
Currently, the process for determining how much the book shop will pay for a book is entirely subjective. Staff members offer an amount per book based on the quality of the book, and how popular they think it is, and how they are feeling at the time.
 
The sale amount is always simply double the amount paid and is set at the same time - if Fiction Boomerang pays $3.00 for a book, they will put it on sale with a marked price of $6.00. (Fiction Boomerang does not deal in rare or antique books) For several months, staff have been keeping track of the date and time, quality, publication year and amount paid for each book in a spreadsheet. This spreadsheet is available for download on Moodle.
 
Using Excel, process the history of purchases spreadsheet and use appropriate charts to visualize:
 
How the prices paid differed for each staff member; and
How the prices paid have changed over time
Describe your findings in your ePortfolio and attach the Excel file to your page.
Amy and Briony want to improve the consistency of how they pay for and price books.
They'd like to standardize on three standard price offers, and have designed the following process to determine how to allocate them, including the option of rejecting the book altogether.
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