Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Output: On the same sheet as the form controls that you have created, you should use the spreadsheet model to calculate the following annual values:

Output: On the same sheet as the form controls that you have created, you should use the spreadsheet model to calculate the following annual values: Total Copies Sold, Total Revenue, Cost of Copier Rental, Cost of Store, Cost of Copies, Total Profit.

Given Information:
Copier Rental 5000 per year
Store Cost 4800 per year
Price 0.02 per copy
Variable Cost 0.03 per copy
Max Production per Copier 100000 copies
Days Business is Open 365 days
Decision Variable:
# of Copiers to Rent 5 copiers
Uncertain Variable:
Daily Demand 1500 copies per day
Workspace: Calculate Annual Copies Sold
Maximum Annual Production 500000
Estimated Annual Demand 547500
Actual Amount of Copies Sold 500000
Objective: Calculate Annual Profits
Revenue 10000
Store Costs 44800
Total Copier Rental Cost 5000
Total Variable Cost 9000
Profit -34800

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_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Databases questions

Question

2. How should this be dealt with by the organisation?

Answered: 1 week ago

Question

explain what is meant by the term fair dismissal

Answered: 1 week ago