Using the attached Microsoft Excel worksheet, conduct a what-if analysis to make financial projections. Based on the formulas indicated below for determining the Total Operating Income (H16), show the financial projections for the six-month period, from January to June. H16 should be $87,733. Determine the assumption value to change in the Assumptions table for H16 to reach the goal of $95,000. To do so, use goal seeking to assess and report each assumption value (Margin %, Bonus, Commission, Newsstand Rental, Advertising, and Equipment Maintenance) to reach $95,000 in H16 and then recommend which assumption value (one and only one) to reach this goal. In your analysis write-up, indicate the value for each assumption value after conducting a goal seeking. Explain your decision in selecting your chosen assumption value to cause the six-month operating income in cell H16 to increase from $87,733 to $95,000. Note you will have to do the goal seeking six times to determine the assumption values and so make sure not to save the changes (do not click "OK" for Goal Seek Status) so your Total Operating Income is reset to $87,733 each time.

Cost of Good Sold = Revenue * (1 - Margin %)

Gross Margin = Revenue - Cost of Goods Sold

Bonus = IF Revenue is greater than the Sales for Revenue for Bonus then give the Bonus Amount otherwise give 0 --> must use a IF() function

Commission = Revenue * Commission %

Newsstand Rental = Revenue * Booth Rental %

Advertising = Revenue * Advertising %

Equipment Maintenance = Revenue * Equipment Maintenance %

Total Expenses = Sum of all Expenses for a specific month

Operating Income = Gross Margin - Total Expenses

Make sure to calculate the total for each line item. You should not be using any numbers in your formulas; only cell references should used except for the IF() function used for the Bonus as the false statement value is 0.

D12 Kioscaf Six-Month Financial Projection 9,800 S Revenue Cost of Goods Sold Gross Margin 62,000 S 58,750 S 67,500 S 68,200 S 60,100 5 8Expenses 9 Bonus 10 Commission 225 Newsstand Rental 12Advertising 13 Equipment Maintenance 14 Total Expenses 16 Operating Income 8 What-If Assumptions 19 Margin 20 Bonus 21 Sales Revenue for Bonus$ 22 Commission 23 Nersstand Rental 24 Advertising 25 Equipment Maintenance 75.50% 4,000 60,500 28, 00% 11.00% 6.00% 4,00% Six-Month Financial Projection D12 Kioscaf Six-Month Financial Projection 9,800 S Revenue Cost of Goods Sold Gross Margin 62,000 S 58,750 S 67,500 S 68,200 S 60,100 5 8Expenses 9 Bonus 10 Commission 225 Newsstand Rental 12Advertising 13 Equipment Maintenance 14 Total Expenses 16 Operating Income 8 What-If Assumptions 19 Margin 20 Bonus 21 Sales Revenue for Bonus$ 22 Commission 23 Nersstand Rental 24 Advertising 25 Equipment Maintenance 75.50% 4,000 60,500 28, 00% 11.00% 6.00% 4,00% Six-Month Financial Projection