Hi there, I missed two weeks of school because of medical reasons. Can someone help me with this please?

AutoSave . Off Jake's pet business - Saved Search Guillaume Etienne GE File Home Insert Page Layout Formulas Data Review View Help 15 Share Comments & Cut [G Copy Calibri 11 ~ A" A" ab Wrap Text General Normal Bad Good Neutral E AutoSum ~ AY O Paste Fill Format Painter = E Merge & Center $ ~ % " Conditional Format as Calculation Check Cell Explanatory ... Input nsert Delete Format Clear ~ Sort & Find & deas Sensitivity Formatting Table Filter ~ Select v Clipboard Font Alignment Number Styles Cells Editing Ideas Sensitivity E67 X V B C D G H K M N P Q R S T U V w X Y 2 AA AB AF AG AH A AJ AK AL A AM AN AO AP AQ AR AT W N - CVP Modeling project irections The purpose of this project is to give you experience creating a multiproduct profitability You have been hired by Jake to build a CVP model that will help him understand the impact of business conditions on his analysis that can be used to determine the effects of changing business operating income. (See "Starting File" worksheet.} In your model, all c our model, all of the original assumptions will be listed in one area cial position. Your goal will be to use Excel in such a way that of the spreadsheet (blue box). All other calculations in the model will reference the assumptions the assumptions will correctly ripple through the entire profitability analysis. If executed any assumption changes, the effect will ripple through the entire model. To accomplish this goal, yo assumptions (blue box) such that if properly, the client should be able to use this spreadsheet over and over, using different FORMULAS, rather than numbers, in every other cell in the worksheet. In other words, the only place you will type "what if assumptions. numbers is the blue assumptions box. FIRST TASK: Rename your worksheet to you and your partner's name and IDIs: Name IDA_Name IDR Business Description FORMATTING conventions to use throughout project: After taking business classes, Jake, an avid dog-lover, decided to start selling unique pet Round all UNITS to the nearest whole unit. Use the "decrease decimals" button on your tool bar rather than the supplies at trade shows. He has two products: Rounding function. 15 Show all MONETARY amounts as dollars and cents. Round to the nearest cent. ($x.xx). Use the "decrease decimals" Product 1: "Launch-it"- a tennis ball thrower that will sell for $10. button rather than the rounding function. Show all percentages as %, not as decimals. (x%, not .xx) 17 Right justify all cells (numbers should be to the right side a 18 Product 2: "Treat-time"- an automatic treat dispenser that releases a treat when the dog 19 places his paw on the pedal. The treat dispenser will sell for $30. 20 Costs: Jake has hired an employee to work the trade show booths. The work contract is 1) Complete the assumptions (blue box) based on the data about Jake's business. Identify and list all variable costs 21 $1,000 per month plus a commission equal to 10% of revenue. Jake will also spend $5 separately and all fixed costs separately before finding the total for each type of cast. 22 per month on trade-show entry fees. Jake is purchasing the products from a supplier in 23 Mexico. Launch-its cost $1 each; Treat-times cost $7 each. Shipping and handling on 2) Complete the Product Analysis (yellow boxes) assuming Jake ONLY sells either Product #1 (Launch-its) OR Product #2 the Launch-its will cost $2 each; Shipping and handling on the Treat-times, which are (Treat -times). 24 25 heavier, will cost $8 each. The shipping and handling costs will be paid by lake, not the customer. Check figures: 8/E Product #1 = 250 units; B/E Product #2= 125 units 26 27 Assume lake expects to sell 200 Launch-its and 100 Treat-times during his first month of 3) Complete the pro forma CM Incom irma CM Income Statement for the month of June (green box). HINT: On product line income 28 operations (June). statements such as this, the fixed costs are only listed in the total column. Make sure you also show the totals for all other line items. Finally, calculate the overall WACM for the company. 29 30 Jake's financial goal is to earn an operating income of $8,000 per month. He believes 31 volume may grow at a rate of 5%% a month. Check figure: Operating income = $900 WACM = 48% 4) Calculate the weighted average contribution margin (WACM) per unit (in orange box). Check figure: WACM/unit = $8.00 5) Use the WACM/unit to calculate the TOTAL number of units needed to breakeven (TOTAL column in the first gray 37 box). THEN, calculate the number of EACH type of product needed to breakeven. Finally, calculate the sales revenue associated with this volume for EACH product, and then the sales revenue to breakeven in total. Check figures: 8/E Product #1 = 125; B/ 6) Use the WACM/unit to calculate the total number of units needed to achieve Jake's target profit (TOTAL column in the second gray box). THEN, calculate the number of EACH type of product needed to achieve the target profit. Finally, calculate sales revenue associated with this volume for EACH product, and then the sales revenue in total. Check figures: 8/E Product #1 =792; 8/E Product #2= 396 7) Calculate the MOS using June sales as the expected sales (purple box). Calculate the MOS in terms of sales revenue and as a percentage. Also calculate the current operating leverage factor (round to the nearest 2 decimal places) and volume . etermine the expected percentage change in operating income stemming from an expected change in sales Check figures: MOSK= 38%; Operating leverage factor= 2.67 8) Change name of worksheet to "Original Assumptions". 9) Make sure you have cleaned up using the forma conventions listed above. 10) Go to the " Advising client" works e directions found there. I'll Check to make sure you h finished. rything on the grading rubric. Upload your file to canvas when you are Business & Directions Starting file Advising client + 64% Type here to search 6:54 PM 11/1/2020AutoSave . Off Jake's pet business - Saved Search Guillaume Etienne GE File Home Insert Page Layout Formulas Data Review View Help 15 Share Comments & Cut [G Copy Calibri 11 ~ A" A " ab Wrap Text General Normal Bad Good Neutral Conditional Format as Check Cell E AutoSum ~ AY Paste nsert Delete Format Fill O Format Painter BIULA E Merge & Center $ ~ % " Calculation Formatting Table Explanatory ... Input Clear ~ Sort & Find & deas Sensitivity Filter ~ Select v Clipboard Font Alignment Number Styles Cells Editing Ideas Sensitivity K22 X V IA B C D E F G H L M N 0 P Q R S T U V CO V G UI A W N ASSUMPTIONS Product #1 Launch-it Jake's Pet Supplies Product #1: Launch-it Unit CM Pro Forma Contribution Margin Income Statement Sales price per unit CM % For the month ending June 30 Variable costs per unit: Breakeven point: -in units Product #1 Product #2 Total -in sales revenue Total variable cost per unit Target profit volume: -in units 11 Monthly volume -in sales revenue Product #2: Treat-time WACM % Sales price per unit Product #2 Treat-time Variable costs per unit: Unit CM CM % Calculation of Weighted average CM per unit Breakeven point Product #1 Product #2 Total 18 -in units Total variable cost per unit -in sales revenue Monthly volume Target profit volume: -in units WACM/unit Fixed costs per month: -in sales revenue Total fixed costs per month Multiproduct Breakeven point: Product #1 Product #2 Total -in units Target profit per month Sales revenue at breakeven Expected change in volume (%) Multiproduct Target profit point: Product #1 Product #2 Total -in units Sales revenue at target profit Margin of Safety (in $) Margin of Safety % Operating Leverage Factor Expected % change in operating income (%) Business & Directions Starting file Advising client + 90% Type here to search 6:54 PM 11/1/2020AutoSave . Off Jake's pet business - Saved Search Guillaume Etienne GE File Home Insert Page Layout Formulas Data Review View Help 15 Share Comments & Cut Calibri 11 ~ A" A " ab Wrap Text General Normal Bad Good Neutral E AutoSum ~ Ap Fill O Paste [G Copy Conditional Format as Calculation Check Cell Explanatory ... Input nsert Delete Format Sort & Find & deas Sensitivity Format Painter BIULA Merge & Center $ ~ % " Formatting Table Clear ~ Filter ~ Select v Clipboard Font Alignment Number Styles Cells Editing Ideas Sensitivity K35 X V B C D E F G H M N O P Q R S T U V W X Y Z YOUI A W N - EXCEL HINT: To copy an entire worksheet, right click on the worksheet tab at the bottom of the screen and choose "Move or Copy". Then check the "create a copy" box. Once you have the copy, choose "rename". Once you have built the model, use it to answer Jake's questions about his business. EXCEL HINT: To copy a cell from a different worksheet, put = in the cell where you want the number to go, and then go back to the original worksheet, put your cursor 1 00 Treat each situation as a separate scenario. All comparisons should be made to the on the cell to select it, and then press enter. original assumptions. NEW 1. Save a copy of your original model to a new spreadsheet called "supplier cost ORIGINAL Change increase". Say the supplier is expected to increase the cost of the products by 20%. Operating income Brief explanation: 12 What is the new operating income? What is the new WACM%? What is the new WACM percentage 13 MOS%? Briefly explain your findings to the client. 14 MOS 15 16 17 18 2. Save a copy of your original model to a new spreadsheet called "new sales mix". 19 Say the monthly sales volume is now expected to be 175 "Treat-times" and 125 Operating income Brief explanation: 20 'Launch-its" (same total units, but a different sales mix). What is the new operating income? What is the new WACM/unit ? Given this sales mix, how many units (in total) WACM/unit 21 22 will Jake need to sell to earn his target profit? Briefly explain your findings to the client. Units to earn target profit 3. Save a copy of your original model to a new spreadsheet called "alternative Operating income 28 contract". Say Jake's employee wanted to negotiate a different work contract: $1,500 Brief explanation: 29 per month plus 5% of revenue. Given his original sales volume and mix, how would Operating leverage factor 30 this contract have changed Jake's operating income? What is the new operating 31 leverage factor? What is the new expected percentage change in operating income it Expected % change in op inc 32 volume increases as expected in the future? Briefly explain your findings to the client. 33 34 35 38 Business & Directions Starting file Advising client + # 0 J -- + 100% 6:54 PM Type here to search 11/1/2020