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what are the answers please? Excel Analytics 05-02 (Static) Cost-Volume-Profit Relationships [LO5-1, L05-2, LO5-3, LO5-4, L05-5, LO5-7, LO5-9] Lyndia Company is a merchandiser that sells
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Excel Analytics 05-02 (Static) Cost-Volume-Profit Relationships [LO5-1, L05-2, LO5-3, LO5-4, L05-5, LO5-7, LO5-9] Lyndia Company is a merchandiser that sells a total of 15 products to its customers. The company provided the following information from last year: 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 vou will use to answer the ouctions 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 Exce.. Excel Analytics 05-02 (Static) Part 3 3. Refer to the original data fin other words, return cell Q15 to its original value of 0% ) and assume the sales mix percentages (as shown in rows 3 and 21 hold constant. a. Using Goal Seek, calculate the total unit sales required to break even. (fhint Instruct Coal Seek to obtain a net operating income of So, as shown in cell Q31, by changing the unit sales in cell Q14) b. What are the dollar sales required to break even? c. What was the company's margin of safety last year? 4. Refer to the original data (in other words, retuin cell Q14 to its original value of 150.000 units) Assume the sales max holds constant and the company plans to increase the selling pices of all products by 5%. (Fint. Focus on cell Qti6 to input this projection) o. Using Goal Seek, calculate the total unit sales required to break even, Is your answer greater than, less than, or equal to the answer you obtained in requirement 3a ? b. How is the amount in cell B23 calculated? c. Why does the contribution margin ratio shown in cell R29 differ from the corresponding percectage from last year, as shown in cell R9? d. Should the company increase its selling prices by 5% this year? Using Goal Seek, calculate the toral unit sales required to break even. (Hatt: Instruct Goal Seek to obtain a net operating income of so, as shown in cell Q31, by changing the unit sales in cel Q14.) Step by Step Solution
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