You are working for a popular sports restaurant that has five branches. Your boss has asked you to create a worksheet to show results for drinks, meals, games, and souvenir sales. Using estimates, explain how you would create the worksheet for Sports & You, including totals and averages. Use the concepts and techniques presented in this chapter to explain how you would format the workbook. Also, explain how you would create a chart to compare your revenues.
Part 2: What steps would you use to create your estimates? Based upon your knowledge of restaurants, do you think seasonal sales would be different, and if so, why?
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To create the worksheet for Sports & You, I would follow these steps:
1. Open a new Excel workbook and create a new sheet for each category of sales: drinks, meals, games, and souvenirs. Label each sheet accordingly.
2. In each sheet, create columns for the different branches of the restaurant. Label each column with the branch name.
3. Input the estimated sales data for each category and branch in the respective columns. Ensure that all data is entered accurately.
4. Add a total row at the bottom of each column to calculate the total sales for each branch. Use the SUM function to calculate the sum of all values in each column.
5. Add a total column at the rightmost side of each sheet to calculate the total sales for each category. Use the SUM function to calculate the sum of all values in each row.
6. To calculate the average sales per branch and per category, add a separate row/column below the total row/column. Use the AVERAGE function to calculate the average of sales values for each branch/category.
7. Create a new sheet for the revenue comparison chart. In this sheet, select the appropriate data range from the sales sheets to include all branches and categories.
8. Click on the 'Insert' tab in Excel and select the desired chart type to visually compare revenue. For example, a column chart may be suitable for this purpose.
9. Customize the chart by adding labels, titles, and formatting options to make it more presentable and easy to interpret.
To create the estimates, you can consider several factors such as historical sales data, customer trends, market research, and input from the restaurant staff. You can also analyze specific periods, like weekends, holidays, or game days, to identify patterns in sales.
Seasonal sales in a restaurant can often be different due to various reasons. For instance, during summer months, people tend to dine out more frequently, leading to higher sales. In contrast, during colder months, people may prefer to stay indoors and cook at home, resulting in lower sales. Additionally, special events and holidays can also have a significant impact on sales. Therefore, it is vital to factor in seasonality while estimating sales to ensure proper planning and resource allocation.
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