Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

(10 points) Download the Fast Feet Shoes spreadsheet from Canvas. Using the Scenario Manager, create three scenarios of your own that each vary the three

image text in transcribedimage text in transcribedimage text in transcribed

(10 points) Download the "Fast Feet Shoes" spreadsheet from Canvas. Using the "Scenario Manager," create three scenarios of your own that each vary the three parameters (unit price, fixed cost, and variable cost) in some way. Present the results in a Scenario Summary sheet. (10 points) Download a clean (different) version of the "Fast Feet Shoes" spreadsheet from Canvas. Create a two-variable Data Table that shows what happens to Profit as the Annual Fixed Cost varies from $30,000 to $75,000, incrementing by $3,000 at a time; while Unit Variable Cost varies from $5.00 to $12.00, incrementing by $1.00 at a time. Put your Annual Fixed Cost values down the rows and put your Unit Variable Cost values across the columns. \begin{tabular}{|c|c|c|c|} \hline A & B & C & D \\ \hline \multicolumn{4}{|l|}{ Fast Feet Shoes } \\ \hline \multicolumn{4}{|c|}{ Profit/Loss Analysis } \\ \hline \multicolumn{4}{|l|}{ PARAMETERS } \\ \hline & Unit Sales Price & $25.00 & \\ \hline & Annual Fixed Cost & $52,000 & \\ \hline & Unit Variable Cost & $9.00 & \\ \hline \multicolumn{4}{|l|}{ DECISION } \\ \hline & Quantity & 2,500 & \\ \hline \multicolumn{4}{|l|}{ OUTPUT } \\ \hline & Annual Profit (Loss) & ($12,000) & \\ \hline \multirow[t]{4}{*}{ CALCULATIONS } & & & C16: \\ \hline & Annual Revenue & $62,500 & C17: \\ \hline & Annual Variable Cost & $22,500 & C18: \\ \hline & Annual Total Cost & $74,500 & \\ \hline \end{tabular} (10 points) Download the "Fast Feet Shoes" spreadsheet from Canvas. Using the "Scenario Manager," create three scenarios of your own that each vary the three parameters (unit price, fixed cost, and variable cost) in some way. Present the results in a Scenario Summary sheet. (10 points) Download a clean (different) version of the "Fast Feet Shoes" spreadsheet from Canvas. Create a two-variable Data Table that shows what happens to Profit as the Annual Fixed Cost varies from $30,000 to $75,000, incrementing by $3,000 at a time; while Unit Variable Cost varies from $5.00 to $12.00, incrementing by $1.00 at a time. Put your Annual Fixed Cost values down the rows and put your Unit Variable Cost values across the columns. \begin{tabular}{|c|c|c|c|} \hline A & B & C & D \\ \hline \multicolumn{4}{|l|}{ Fast Feet Shoes } \\ \hline \multicolumn{4}{|c|}{ Profit/Loss Analysis } \\ \hline \multicolumn{4}{|l|}{ PARAMETERS } \\ \hline & Unit Sales Price & $25.00 & \\ \hline & Annual Fixed Cost & $52,000 & \\ \hline & Unit Variable Cost & $9.00 & \\ \hline \multicolumn{4}{|l|}{ DECISION } \\ \hline & Quantity & 2,500 & \\ \hline \multicolumn{4}{|l|}{ OUTPUT } \\ \hline & Annual Profit (Loss) & ($12,000) & \\ \hline \multirow[t]{4}{*}{ CALCULATIONS } & & & C16: \\ \hline & Annual Revenue & $62,500 & C17: \\ \hline & Annual Variable Cost & $22,500 & C18: \\ \hline & Annual Total Cost & $74,500 & \\ \hline \end{tabular}

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

Is it clear what happens if an employee violates the policy?

Answered: 1 week ago