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please show the formula as well, thank you! 14. Darius thinks the Tampa and Orlando offices have a good chance of increasing income in the
please show the formula as well, thank you!
14. Darius thinks the Tampa and Orlando offices have a good chance of increasing income in the next year. In the range B21:E23, he wants to make three projections based on different assumptions. Project the quarterly income for Darius as follows: a. First, determine the income needed in Quarters 2 and 3 to achieve an income of $7,500 in Quarter 4. Project the income in the four quarters by filling the series for the first projection (range B21:E21) with a linear trend. b. Next, determine the income in Q2-Q4 if it increases by 2 percent each quarter, starting with an income of $6,300. Project the income in the four quarters by filling the series for the second projection (range B22:E22) based on a growth trend using 1.02 as the step value. c. Finally, extrapolate the income based on the income in Q4 of the current year and a growth rate of 3 percent. In cell B23, enter a formula without using a function to reference the total income in Q4 of the current year (cell E5). Project the income in the four quarters by filling the series for the third projection (range B23:E23) based on a growth trend using 1.03 as the step value. A B D E F G SmartEnergy Services Profit - Current Year Q1 Q2 Q3 Q4 Total $4,562 $5,119 $5,238 $5,805 $20,724 (in $0000) Income Total Income Operating Expenses Salaries Rent Advertising Transportation Research & Development Maintenance Insurance Supplies Total Expenses Net Profit Profit Margin $757 $568 $550 $100 $1,077 $700 $743 $320 $4,815 ($253) -6% $757 $568 $550 $100 $1,085 $650 $743 $290 $4,743 $376 7% $780 $568 $550 $100 $1,107 $695 $743 $300 $4,843 $395 8% $850 $572 $550 $100 $1,200 $690 $750 $550 $5,262 $543 9% $3,144 $2,276 $2,200 $400 $4,469 $2,735 $2,979 $1,460 $19,663 $1,061 5% Projections Q1 Q2 6,300 $ 6,300 Q3 $ Increase income to $7500 in Q4 $ Increase income by 2% $ Start with last year Q4 income 04 7,500 $ $ $ Total 13,800 6,300Step by Step Solution
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