Required information Lyndia Company is a merchandiser that sells a total of 15 products to its customers. The company provided the following information from last year: Product 1 2 3 4 5 6 7 B 9 10 11 12 13 14 15 Unit Sales 9,000 16,500 6,000 19,500 4,500 27,000 3,000 7,500 9,000 15,000 10,500 1,500 3,000 6,000 12.000 150,000 Selling Price per Unit $ 29 $ 99 $ 85 $109 $ 19 $119 $ 39 $ 79 $ 69 $95 $ 59 $ 65 $ 44 $ 49 $ 89 Variable Cost per Unit $12.95 $ 68.55 $ 42.50 $85.00 $ 6.35 $92.00 $14.30 $33.18 $30.36 $77.60 $25.40 $29.00 $12.40 $13.48 $61.83 Last year, Lyndia's total fixed expenses and net operating income were $3,000,000 and $1,223,070, respectively. The company would like your assistance in developing some financial projections for this year. Click here to download the Excel template, which you will use to answer the questions that follow. Click here for a brief tutorial on Goal Seek in Excel. Click here for a a brief tutorial on Charts in Excel Click here for a brief tutorial on Conditional Formatting in Excel Required information Required: 1. To confirm your understanding of the spreadsheet's design, answer the following questions with respect to last year: a. How is the percentage in cell B3 calculated? Why do you think specifying the sales mix percentages for all products is important? b. How are the amounts in cells B7, B8, and 89 calculated? c. How are the amounts in cells Q7, Q8, and Q9 calculated? d. How is the amount in cell 011 calculated? e. How are the percentages in cells R8 and R9 calculated? f. How is the amount in cell S9 calculated? Complete this question by entering your answers in the tabs below. Reg 1A Reg 18 Req 1C Reg 1D Reg 1E Reg 1F How is the percentage in cell B3 calculated? Why do you think specifying the sales mix percentages for all products is important? 1a-1. Product t's unit sales (cell B2) - Total unit sales (cell d2) Product 1's unit sales (cell B2) + Total unit sales (cell 02) Product 1's unit sales (cell B2) Total unit sales (cell 02) Product 1's unit sales (cell B2). Total unit sales (cell 02) 1a-2. Why do you think specifying the sales mix percentages for all products is important? They are held constant when performing break-even and target profit calculations. They are allowed to vary when performing break-even and target profit calculations Reg 1A Req 1B > + K F G H L D E B A 1 4 5 1. 6 7 8 9 10 Goal Seek: 2 Goal Seek is a tool within Microsoft Excel that performs a "what-if analysis" that enables you to learn what input values would be 3 needed to achieve a desired goal or outcome. When utilizing Goal Seek you should proceed as follows: Under the "Data" tab click on the "What-lf Analysis" drop down in the "Forecast" section 2. From that drop down select "Goal Seek" 3. A "Goal Seek" option box will appear with three values to be manipulated a. The first input is "Set cell" which is the cell with linked formulas that you want to change to a specific outcome. Here you will select the specified outcome cell or type in the cell value manually. b. The second input is "To value" which is the desired goal or outcome that you want the cell you selected in the first input 12 to be changed to. For example, if you want to break even, you could set this value to O or if you wanted profit of $5,000 13 you could input 5000. c. The third and final input is "By changing cell" is the cell that contains the variable you want to change that is linked to the 15 formulaic output cell that was chosen in the "Set cell" input 16 17 18 Now the "Set cell" should have been modified to the "To value you chose as well as the cell value that you designated as the 19 "By changing cella variable. 20 21 22 23 24 25 Click OK 5. Required information Lyndia Company is a merchandiser that sells a total of 15 products to its customers. The company provided the following information from last year: Product 1 2 3 4 5 6 7 B 9 10 11 12 13 14 15 Unit Sales 9,000 16,500 6,000 19,500 4,500 27,000 3,000 7,500 9,000 15,000 10,500 1,500 3,000 6,000 12.000 150,000 Selling Price per Unit $ 29 $ 99 $ 85 $109 $ 19 $119 $ 39 $ 79 $ 69 $95 $ 59 $ 65 $ 44 $ 49 $ 89 Variable Cost per Unit $12.95 $ 68.55 $ 42.50 $85.00 $ 6.35 $92.00 $14.30 $33.18 $30.36 $77.60 $25.40 $29.00 $12.40 $13.48 $61.83 Last year, Lyndia's total fixed expenses and net operating income were $3,000,000 and $1,223,070, respectively. The company would like your assistance in developing some financial projections for this year. Click here to download the Excel template, which you will use to answer the questions that follow. Click here for a brief tutorial on Goal Seek in Excel. Click here for a a brief tutorial on Charts in Excel Click here for a brief tutorial on Conditional Formatting in Excel Required information Required: 1. To confirm your understanding of the spreadsheet's design, answer the following questions with respect to last year: a. How is the percentage in cell B3 calculated? Why do you think specifying the sales mix percentages for all products is important? b. How are the amounts in cells B7, B8, and 89 calculated? c. How are the amounts in cells Q7, Q8, and Q9 calculated? d. How is the amount in cell 011 calculated? e. How are the percentages in cells R8 and R9 calculated? f. How is the amount in cell S9 calculated? Complete this question by entering your answers in the tabs below. Reg 1A Reg 18 Req 1C Reg 1D Reg 1E Reg 1F How is the percentage in cell B3 calculated? Why do you think specifying the sales mix percentages for all products is important? 1a-1. Product t's unit sales (cell B2) - Total unit sales (cell d2) Product 1's unit sales (cell B2) + Total unit sales (cell 02) Product 1's unit sales (cell B2) Total unit sales (cell 02) Product 1's unit sales (cell B2). Total unit sales (cell 02) 1a-2. Why do you think specifying the sales mix percentages for all products is important? They are held constant when performing break-even and target profit calculations. They are allowed to vary when performing break-even and target profit calculations Reg 1A Req 1B > + K F G H L D E B A 1 4 5 1. 6 7 8 9 10 Goal Seek: 2 Goal Seek is a tool within Microsoft Excel that performs a "what-if analysis" that enables you to learn what input values would be 3 needed to achieve a desired goal or outcome. When utilizing Goal Seek you should proceed as follows: Under the "Data" tab click on the "What-lf Analysis" drop down in the "Forecast" section 2. From that drop down select "Goal Seek" 3. A "Goal Seek" option box will appear with three values to be manipulated a. The first input is "Set cell" which is the cell with linked formulas that you want to change to a specific outcome. Here you will select the specified outcome cell or type in the cell value manually. b. The second input is "To value" which is the desired goal or outcome that you want the cell you selected in the first input 12 to be changed to. For example, if you want to break even, you could set this value to O or if you wanted profit of $5,000 13 you could input 5000. c. The third and final input is "By changing cell" is the cell that contains the variable you want to change that is linked to the 15 formulaic output cell that was chosen in the "Set cell" input 16 17 18 Now the "Set cell" should have been modified to the "To value you chose as well as the cell value that you designated as the 19 "By changing cella variable. 20 21 22 23 24 25 Click OK 5