Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assume that you work for Mr . Sprangle who owns Springle CupCakes. You created a model for Mr . Sprangle to show the cost and

Assume that you work for Mr. Sprangle who owns Springle CupCakes. You created a model for Mr. Sprangle to show the cost and sales of different types of cupcakes for a typical month. For each type of cupcakes, cost is unit cost multiplied by number of cupcakes; sales is unit price multiplied by number of cupcakes. Profit is Sales minus Cost. Complete the worksheet C13:E17.
In addition, Mr. Sprangle has borrowed $65,000 from a bank for his business. The bank charges him an interest rate of 3.75% to be paid off in 3 years. What is the monthly payment for this loan? Show the monthly payment formula in cell B24.
(Provide your answers to 2 decimal places for answers related to currency and 0 decimal places otherwise.)
What is the Total Profit for a typical month?
If Mr. Sprangle wants to make a total profit of $21,000 per month, how many cupcakes would he have to produce each month?
If Mr. Sprangle maintains production of 8000 cupcakes and wants to make a total profit of $20,500 per month, what should the price for each Lavender Tangerine Dream Cupcake be?
Provide the formula you used in cell B24.
What is Mr. Sprangle's monthly loan payment (provide this amount as a positive figure)?
image text in transcribed

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

Recommended Textbook for

More Books

Students also viewed these Databases questions

Question

Is SHRD compatible with individual career aspirations

Answered: 1 week ago