I need help solving this problem
I just saw it on chegg but it is not solved
can you please solve it
Exp19_Excel_Ch06_Cap_High_West_Fashions Project Description: You are the digital marketing director for High West Fashions, a regional clothing company that specializes in custom t-shirts Your company has decided to launch an online advertising campaign that gives customers the ability to purchase heavily discounted products. You have the task of determining the optimal amount of advertising to purchase in order to maximize profit and most effectively utilize resources. Steps to Perform: Step Instructions Points Possible 1 0 2 5 Start Excel. Download and open the file named Exp19_Excel_Ch06_Cap_DirectMarketing.xlsx. Grader has automatically added your last name to the beginning of the filename. On the Direct Marketing worksheet, create appropriate range names for Design_Fee (cell B8), Cost Per_Ad (cell B9), Total_Clicks (cell B10), Profit Per_Click (B11), and Gross Profit (cell B12). Edit the existing name range Design_Fee to Design Fee2021 to reflect the current year. Use the newly created range names to create a formula to calculate Gross Profit (cell B12) and Net Profit (cell B13). 3 4 4 00 5 ch Create a new worksheet named Range Names, paste the newly created range name information in cell A1, and resize the columns as needed for proper display. Mac users, use the Insert menu to insert a new worksheet and paste the range names. On the Direct Marketing worksheet, use Goal Seek to determine the optimal click rate in order to earn a $5,000 net profit 6 6 7 Starting in cell E4. Complete the series of substitution values ranging from 2% to 6.5% at increments of 50% vertically down column E. 5 Focus 4,500+ five-star reviews Question: Exp19_Excel_Ch06_Cap_High_... Project Description: You are the... Exp19_Excel_Ch06_Cap_High_West_Fashions Project Description: You are the digital marketing director for High West fashions, a regional clothing company that specializes in custom t-shirts. Your company has decided to launch an online advertising campaign that gives customers the ability to purchase heavily discounted products. You have the task of determining the optimal amount of advertising to purchase in order to maximize profit and most effectively utilize resources. 16 Make the Direct Marketing 2 worksheet active. Create a scenario named Best Case, using Number of Ads and Click Rate. Enter these values for the scenario: 40000, and 6.5%. 4 17 Create a second scenario named Worst Case, using the same changing cells. Enter these values for the scenario: 10000, and 1%. 4 18 Create a third scenario named Most Likely. using the same changing cells. Enter these values for the scenario: 10000, and 6.83%. 4 19 Generate a scenario summary report using Gross Profit and Net Income. 4 20 Load the Solver add-in if it is not already loaded. Set the objective to calculate a net profit of $20,000 4 21 Use Number of Ads and Click Rate (B4:B5) as changing variable cells. 4 22 Set a constraint to ensure Number of Ads purchased is less than or equal to 40,000. 2 23 Set constraints to ensure Click Rate is less than or equal to 7%. (Mac users should enter the value in decimal form. Example.07) 2 24 Solve the problem. Generate the Answer Report 25 Create a footer on all worksheets with your name on the left side, the sheet name code in the center, and the file name code on the right side. 5 26 Save and close Exp19_Excel_Ch06_CAP_DirectMarketing.xlsx Exit Excel. Submit the file as directed FILE HOME INSERT REVIEW VIEW Sign PAGE LAYOUT FORMULAS DATA Connections Properties Existing Refresh Connections All Connection From From From From Other Accs Web Test Sources Get tema Reply Tetto Flash Remove Data Consolidate What Relations Group Ungroup Subtotal Advanced Columns Duplicates Validation Analysis Sort & Fiter Data Tools Outine BIS D F G H L M N 0 P Q 1 2 Direct Marketing 3 Inputs 4 Number of Ads 10000 5 Click Rate 5.00% 6 7 Parameters & Design Fee $2,000.00 9 Cost Per Ad $ 2.25 10 Total Clicks 500 11 Profit Per Clicks 12.50 12 Gross Profit 13 Net Profit 14 15 10 17 19 20 Range Names Direct Marketing Direct Marketing 2 READ 100 REVIEW VIEW Sign FILE INSERT PAGE LAYOUT FORMULAS DATA Connections Properties From From From From Other Refresh Acces Web Test Sources Connections Ald Get External Data Connections Hide Detail Sort Filter Totto Flash Remove Data Consolidate What Relation Group Ungroup Subtotal Advanced Columns Duplicates Validation Analysis Sort & Fit Data e Outline 13 B D E F H . L M N P Q R 5 1 Direct Marketing 2.00% 2.50 3.00% Net Profit 10000 2.00% $50 2.SON $563 3.00 $1,075 3.50% $1,588 4.00% $2,100 Gross Profit Net Profit $7,666 $4.286 $9,582 $5,857 $11.498 $7,429 $13.415 $9,000 $15,331 $10,571 $17,247 $12,140 $19,164 $11,714 $21,080 $15,286 $22.997 $16,857 $24.913 $18.429 2 3 Inputs 4 Number 10000 5 Click Rate 5.00 6 7 Parameters 8 Design Fe $ 2,000.00 9 Cost Per AS 2.25 10 Total Click 500 11 Profit Per $ 12.50 12 Gross Prot $ 6,250,00 13 Net Profit $ 3,125.00 14 15 16 17 18 3.50 4,00 4.50% 5.00% 15000 20000 25000 30000 35000 40000 $1,075 $2,100 $3,125 $4,150 $5,175 $6,200 $1,844 $3,125 $4,406 $6,909 $8,250 $2.611 $4,150 $5,688 $7,225 $8,763 $10,300 $3,38: $5,175 $6,969 $8,763 $10,556 $12,350 $4,150 $6,200 $8,250 $10,300 $12,350 $14.400 $4,919 $7,225 $9.531 $11,838 $14,144 $16,450 $5,63 $8,250 $10,813 $13,175 $15.938 $1,500 $6,456 $9,275 $12,094 $14,913 $17,731 $20,550 $7,225 $10,300 $13,375 $16,450 $19,525 $22,600 $7,994 $11,325 $14,650 $17,988 $21,319 $24,650 4.0 5.00 5.50 $1.125 $3,638 $4,150 $4,663 6.00 6.50% 6.50% 19 20 21 Range Names Direct Marketing Direct Marketing 2 Exp19_Excel_Ch06_Cap_High_West_Fashions Project Description: You are the digital marketing director for High West Fashions, a regional clothing company that specializes in custom t-shirts Your company has decided to launch an online advertising campaign that gives customers the ability to purchase heavily discounted products. You have the task of determining the optimal amount of advertising to purchase in order to maximize profit and most effectively utilize resources. Steps to Perform: Step Instructions Points Possible 1 0 2 5 Start Excel. Download and open the file named Exp19_Excel_Ch06_Cap_DirectMarketing.xlsx. Grader has automatically added your last name to the beginning of the filename. On the Direct Marketing worksheet, create appropriate range names for Design_Fee (cell B8), Cost Per_Ad (cell B9), Total_Clicks (cell B10), Profit Per_Click (B11), and Gross Profit (cell B12). Edit the existing name range Design_Fee to Design Fee2021 to reflect the current year. Use the newly created range names to create a formula to calculate Gross Profit (cell B12) and Net Profit (cell B13). 3 4 4 00 5 ch Create a new worksheet named Range Names, paste the newly created range name information in cell A1, and resize the columns as needed for proper display. Mac users, use the Insert menu to insert a new worksheet and paste the range names. On the Direct Marketing worksheet, use Goal Seek to determine the optimal click rate in order to earn a $5,000 net profit 6 6 7 Starting in cell E4. Complete the series of substitution values ranging from 2% to 6.5% at increments of 50% vertically down column E. 5 Focus 4,500+ five-star reviews Question: Exp19_Excel_Ch06_Cap_High_... Project Description: You are the... Exp19_Excel_Ch06_Cap_High_West_Fashions Project Description: You are the digital marketing director for High West fashions, a regional clothing company that specializes in custom t-shirts. Your company has decided to launch an online advertising campaign that gives customers the ability to purchase heavily discounted products. You have the task of determining the optimal amount of advertising to purchase in order to maximize profit and most effectively utilize resources. 16 Make the Direct Marketing 2 worksheet active. Create a scenario named Best Case, using Number of Ads and Click Rate. Enter these values for the scenario: 40000, and 6.5%. 4 17 Create a second scenario named Worst Case, using the same changing cells. Enter these values for the scenario: 10000, and 1%. 4 18 Create a third scenario named Most Likely. using the same changing cells. Enter these values for the scenario: 10000, and 6.83%. 4 19 Generate a scenario summary report using Gross Profit and Net Income. 4 20 Load the Solver add-in if it is not already loaded. Set the objective to calculate a net profit of $20,000 4 21 Use Number of Ads and Click Rate (B4:B5) as changing variable cells. 4 22 Set a constraint to ensure Number of Ads purchased is less than or equal to 40,000. 2 23 Set constraints to ensure Click Rate is less than or equal to 7%. (Mac users should enter the value in decimal form. Example.07) 2 24 Solve the problem. Generate the Answer Report 25 Create a footer on all worksheets with your name on the left side, the sheet name code in the center, and the file name code on the right side. 5 26 Save and close Exp19_Excel_Ch06_CAP_DirectMarketing.xlsx Exit Excel. Submit the file as directed FILE HOME INSERT REVIEW VIEW Sign PAGE LAYOUT FORMULAS DATA Connections Properties Existing Refresh Connections All Connection From From From From Other Accs Web Test Sources Get tema Reply Tetto Flash Remove Data Consolidate What Relations Group Ungroup Subtotal Advanced Columns Duplicates Validation Analysis Sort & Fiter Data Tools Outine BIS D F G H L M N 0 P Q 1 2 Direct Marketing 3 Inputs 4 Number of Ads 10000 5 Click Rate 5.00% 6 7 Parameters & Design Fee $2,000.00 9 Cost Per Ad $ 2.25 10 Total Clicks 500 11 Profit Per Clicks 12.50 12 Gross Profit 13 Net Profit 14 15 10 17 19 20 Range Names Direct Marketing Direct Marketing 2 READ 100 REVIEW VIEW Sign FILE INSERT PAGE LAYOUT FORMULAS DATA Connections Properties From From From From Other Refresh Acces Web Test Sources Connections Ald Get External Data Connections Hide Detail Sort Filter Totto Flash Remove Data Consolidate What Relation Group Ungroup Subtotal Advanced Columns Duplicates Validation Analysis Sort & Fit Data e Outline 13 B D E F H . L M N P Q R 5 1 Direct Marketing 2.00% 2.50 3.00% Net Profit 10000 2.00% $50 2.SON $563 3.00 $1,075 3.50% $1,588 4.00% $2,100 Gross Profit Net Profit $7,666 $4.286 $9,582 $5,857 $11.498 $7,429 $13.415 $9,000 $15,331 $10,571 $17,247 $12,140 $19,164 $11,714 $21,080 $15,286 $22.997 $16,857 $24.913 $18.429 2 3 Inputs 4 Number 10000 5 Click Rate 5.00 6 7 Parameters 8 Design Fe $ 2,000.00 9 Cost Per AS 2.25 10 Total Click 500 11 Profit Per $ 12.50 12 Gross Prot $ 6,250,00 13 Net Profit $ 3,125.00 14 15 16 17 18 3.50 4,00 4.50% 5.00% 15000 20000 25000 30000 35000 40000 $1,075 $2,100 $3,125 $4,150 $5,175 $6,200 $1,844 $3,125 $4,406 $6,909 $8,250 $2.611 $4,150 $5,688 $7,225 $8,763 $10,300 $3,38: $5,175 $6,969 $8,763 $10,556 $12,350 $4,150 $6,200 $8,250 $10,300 $12,350 $14.400 $4,919 $7,225 $9.531 $11,838 $14,144 $16,450 $5,63 $8,250 $10,813 $13,175 $15.938 $1,500 $6,456 $9,275 $12,094 $14,913 $17,731 $20,550 $7,225 $10,300 $13,375 $16,450 $19,525 $22,600 $7,994 $11,325 $14,650 $17,988 $21,319 $24,650 4.0 5.00 5.50 $1.125 $3,638 $4,150 $4,663 6.00 6.50% 6.50% 19 20 21 Range Names Direct Marketing Direct Marketing 2
