In addition to the costs of a ride, Marc estimates that other service costs are $50,000 plus $5 for each customer (ride) in excess of 6,000 rides. Annual administrative and marketing costs are estimated to be $25,000 plus 10% of the contribution margin.

Required: 1) Using the above information, construct an Excel spreadsheet to conduct an analysis of the possible operating income for Classic Limo, Inc., similar to that in Exhibit 13.15 on page 558 of the textbook. You must submit this part of the assignment as an Excel file and utilize formulas for all calculations. You will be graded on the answers provided, formulas/calculations, and presentation. If you would like feedback on this part of the assignment before submitting, please email your spreadsheet to me at least 48 hours prior to the due date.

2) If you were manager of Classic Limo, Inc. and had to choose only one budget scenario to use for planning for the year, which one of the nine scenarios would you choose? (include in the essay below) This should be based on the scenario that is MOST LOGICAL. Be sure not to just go with the one you or the company would prefer.

3) Write two-page paper detailing the thought process used to make the final budgeting decision. The paper must include what assumptions were made (i.e. - location of airport, economic conditions) and the full rationale behind your decision. While you have freedom to make certain assumptions to support your selection, you must use at least two outside sources with factual information to support your decision as well (i.e. - fuel prices, weather conditions, tourism).statistics). There is not just one right answer. You will be graded on whether the rationale you provide supports the selection you made. There are many different angles from which to write type of paper. Because this is a 'mini' research project, you must be concise and focus on just a few key items. In addition, address how areas outside of accounting, like marketing, human resources, operations, and economics might affect your decision.

I have prepared the Excel spreadsheet. Just need help with the paper.