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Applying Excel - Goal Seek and PMT: Exercise (Part 2 of 2) Keeping all other data the same as in the original example, change the
Applying Excel - Goal Seek and PMT: Exercise (Part 2 of 2) Keeping all other data the same as in the original example, change the targeted operating income goal for the quarter units sold for January and February, and price per unit and variable expense per uns for all three months to match the wumation below Targeted operating income for the quarter-$11,200 Units Sold Variable expense per unit Required: 1,120 870 $4.00 $1.00 $1.00 $1.00 2a Using Goal Seek in Excel, determine the total number of units im needs to sell in March in order to meet his targeted operating income for the quarter (Round your answer up to the nearest unit) tat munter ut us to set in March 2b. If the company increases the price per unit by $1.00 for March only, what is the minimum number of units that Jim needs to sell in order to meet his targeted operating income for the quarter? (Round your answer up to the nearest unit.) Ta number of units to set in March after price increase 2c. Assume that Jim met his target net operating income of $11,200 and will now receive a $1120 bonus. Jim plans to use his bonus as a down payment on a car that costs $20,200 Using the PMT function, determine the monthly payment for his new car loan. (Round your answer to 2 decimal places.) Monthly Payment 2d. Jim decides to wait to buy his car until he has a larger down payment. He wants to determine what his monthly payment would be if he earned a full year of quarterly bonuses. Assuming Jim received the same quarterly bonus for all four quarters during the year that was based on the net operating income goals described above. Determine his total bonuses earned for the year, the new loan amount, and the new monthly payment. (Round your monthly payment answer to 2 decimal places. Round all other answers to the nearest whole dollar.) Total bonuses earned in one year New loan amount New monthly payment
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