Enter the correct formula to calculate the Net Income in D18. 6 Management thinks an average of 85 guests a day would be a realistic average. Use Goal Seek to find out what the price would need to be to come out exactly even with 85 guests per day and $0 in Net Income. 7 A data table with conditional formatting will help to better visualize the expenses, revenues, and net income of the business. Fill in the Expenses, Revenue, and Net Income columns (range G4:119) using a data table. 8 Format the range G4:119 as Currency. 9 10 Copy the information in range A3:D18 from the Break-Even Analysis worksheet and paste it in range A4:D19 on the worksheet PriceAndGuest. Keep the source column widths. Create a data table in the range F5:N22. The price (row 6) needs to start at $4 and increase to $11 in $1 increments, and the number of guests (column F) needs to start at 35 and increase in increments of 5. Be sure to add a reference to cell D19 in cell F6. 11 Format the data in the data table so any net profit under $5,000 has a light red background and dark red text, data that is above or equal to -$5,000 and below $5,000 will have a light yellow background and dark yellow text, and anything $5,000 or greater will have a light green background and dark green text. 12 Format cell F6 to hide the result of the formula in the cell. - 13 Copy the information in range A3:D18 from the Break-Even Analysis sheet to the range A3:D18 on the sheet DaysAndPrice. Keep the source column widths. Step Instructions Points Possible 14 2 Add a scroll bar to the right of the inserted cells in column F that will change the days of operations per year between the values of 225 and 275 one day at a time. Enter the text Days of Operations in cell F4 and center the text. Add a scroll bar to the right or below of the first scroll bar in column that will change the price between the values of $4 and $11 by $1 increments. Enter the text Price in cell 14. 15 N D 1 2 Revenue Net Income 3 Revenue 4 Average Number of Guests (per day) 5 Days of Operations per Year 6 Price 7 Gross Revenue 8 Expenses 9 Fixed Costs 10 Site Development 11 Equipment 12 Insurance 13 Total Fixed Costs 14 Variable Costs 15 Labor expense (per day) 16 Transportation (per guest) 17 Total Variable Costs 18 Net Income 19 Extreme H20 Break-even Analysis for River Float Project Number Expenses 75 Guests 225 50 $6.71 55 $113,269 60 65 70 $32,200 75 $3,450 80 $1,400 85 $37,050 90 95 $275 100 $0.85 105 $76,219 110 115 120 A B D F H M Extreme H20 Break-even Analysis for River Float Project Two-Variable Data Table Price 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 Enter the correct formula to calculate the Net Income in D18. 6 Management thinks an average of 85 guests a day would be a realistic average. Use Goal Seek to find out what the price would need to be to come out exactly even with 85 guests per day and $0 in Net Income. 7 A data table with conditional formatting will help to better visualize the expenses, revenues, and net income of the business. Fill in the Expenses, Revenue, and Net Income columns (range G4:119) using a data table. 8 Format the range G4:119 as Currency. 9 10 Copy the information in range A3:D18 from the Break-Even Analysis worksheet and paste it in range A4:D19 on the worksheet PriceAndGuest. Keep the source column widths. Create a data table in the range F5:N22. The price (row 6) needs to start at $4 and increase to $11 in $1 increments, and the number of guests (column F) needs to start at 35 and increase in increments of 5. Be sure to add a reference to cell D19 in cell F6. 11 Format the data in the data table so any net profit under $5,000 has a light red background and dark red text, data that is above or equal to -$5,000 and below $5,000 will have a light yellow background and dark yellow text, and anything $5,000 or greater will have a light green background and dark green text. 12 Format cell F6 to hide the result of the formula in the cell. - 13 Copy the information in range A3:D18 from the Break-Even Analysis sheet to the range A3:D18 on the sheet DaysAndPrice. Keep the source column widths. Step Instructions Points Possible 14 2 Add a scroll bar to the right of the inserted cells in column F that will change the days of operations per year between the values of 225 and 275 one day at a time. Enter the text Days of Operations in cell F4 and center the text. Add a scroll bar to the right or below of the first scroll bar in column that will change the price between the values of $4 and $11 by $1 increments. Enter the text Price in cell 14. 15 N D 1 2 Revenue Net Income 3 Revenue 4 Average Number of Guests (per day) 5 Days of Operations per Year 6 Price 7 Gross Revenue 8 Expenses 9 Fixed Costs 10 Site Development 11 Equipment 12 Insurance 13 Total Fixed Costs 14 Variable Costs 15 Labor expense (per day) 16 Transportation (per guest) 17 Total Variable Costs 18 Net Income 19 Extreme H20 Break-even Analysis for River Float Project Number Expenses 75 Guests 225 50 $6.71 55 $113,269 60 65 70 $32,200 75 $3,450 80 $1,400 85 $37,050 90 95 $275 100 $0.85 105 $76,219 110 115 120 A B D F H M Extreme H20 Break-even Analysis for River Float Project Two-Variable Data Table Price 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22