Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help with the yellow highlighted area. The answers must be written as an excel formula. Required Complete the spreadsheet. Be sure to use formulas

Please help with the yellow highlighted area. The answers must be written as an excel formula.
image text in transcribed

Required Complete the spreadsheet. Be sure to use formulas that will automatically calculate profitability if fixed cost, variable cost, or sales volume is changed. Spreadsheet Tips 1. Similar to basic math rules, the order of calculation within a formula is multiplication and division before addition and subtraction. Therefore, if you wish to subtract variable cost from selling price and multiply the difference by units sold, the formula must be 2. The quickest way to get the correct formulas in the area of C14 to G22 is to place the proper formula in cell C14 and then copy this formula to the entire block of C14:G22. However, the formulas must use the $ around the cell addresses to lock either the row or the column, or both. For example, the formula can be copied to any other cell and the cell reference will remain A14 because the $ symbol locks the row and column. Likewise, $A14 indicates that only the column is locked, and A$14 indicates that only the row is locked. 3. (ungraded) You can explore the power of formulas by copying cells A9:G22 into cells A29:G42 of the scratchpad area below. There you can explore how changes to the given information (now in cells 829, A34:B42, and C32:G32) are automatically reflected in the calculation of profitability. Since your formulas were created using the $ symbol, you will need to modify the formula in cell C34 and then copy this formula to the entire block of C34:G32. Selling Price = Cost is $20,000 $28.00 Variable is $11 12 11 12 11 12 13 2,000 And Sales Volume is 3,000 4,000 5,000 Will Be 6,

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

Step: 3

blur-text-image

Ace Your Homework with AI

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

Get Started

Recommended Textbook for

Analysis For Financial Management

Authors: Robert Higgins

6th Edition

0071181172, 9780071181174

More Books

Students also viewed these Finance questions

Question

Provide examples and answer questions regarding desired behaviors.

Answered: 1 week ago