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Question 1 ) In Excel, create a model of the Alborz problem that explicitly shows all the quantity values in this problem. Assign cells to
Question In Excel, create a model of the Alborz problem that explicitly shows all the quantity values in this problem. Assign cells to represent the fixed cost, the variable cost per pound, and the selling price per pound. Also, assign cells to represent the selling amount in pounds total cost, total revenue, and net profit. Finally, assign cells to represent the selling time in days and selling time in weeks.
Ensure that constant numbers all given quantity values appear only in specified input cells and are not "hard coded" in formulas.
Consider the following points in your worksheet:
a Organization, formatting, clarity, and correctness all count. You need to clearly indicate where in the spreadsheet the user should provide values for fixed costs, variable costs, marginal revenues, and quantities produced.
b Each number appearing above should have its own cell in the parameters section of your spreadsheet. Use formatting that clarifies that the user may change the values in these cells.
Next, proceed with the following steps in your worksheet.
c Format all dollar amounts as Currency.
d Name this sheet "Model."
e In a cell, write "Breakeven Point." Then, on the right of this cell, write a formula to calculate the breakeven point of this problem on your spreadsheet.
f Use goalseek to find the exact breakeven point in the "selling amount" cell and compare the result of your formula in part e to ensure that your answer is correct.
g Use goalseek to find the "selling amount" that makes a $ profit.
h Recall that Alborz is confident in his daily sales of an average of pounds of bread. In a separate cell, calculate the number of selling days required to achieve a $ profit and repay his brother's loan.
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