Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

With the existing data of the products and sales, you will use Goal Seek to identify the values of the necessary variables to achieve the

With the existing data of the products and sales, you will use Goal Seek to identify the values of the necessary variables to achieve the goal.

1. Identify the target sale quantity of Cushioned Socks achieve target profit of $16,500. Select cell E5. On DATA table, in the Data Tools group, click What-If Analysis, then click Goal Seek to open the Goal Seek dialog box.

2. Identify the target selling price of Running Hats in D6 to achieve target profit of $25,300 type $D$6 in the By changing cell. Click OK twice.

3. Repeat the steps above to identify the target sale quantities of compression tights and Dry-Fit Running Tee in cell C7 and C8 respectively; identify the target selling price of Sunglasses in cell D9.

Forecast Of Product Pricing and Sales Quantities

Get Data (Power Query) 5 1 2 3 1 N34 in 600 4 Inventory Items 5 Cushioned Socks 6 Running Hat 7 Compression Tights 8 Dry-fit Running Tee 9 Sunglasses _0 2 -4 5 Data from Picture 8 A L Refresh All fx =CS*D5 B Stocks Qty. Kowloon Runners Club and Shop Forecast Of Product Pricing and Sales Quantities 150 Currencies 80 Price $99.00 24 32 Sort $799.00 $350.00 E Extended Price $0.00 $0.00 $0.00 $0.00 $0.00 Filter F Goal Text to Columns $16,500 $25,300 $143,000 $42,000 $45,000 G H What If Analysis I

Step by Step Solution

3.40 Rating (153 Votes )

There are 3 Steps involved in it

Step: 1

1 The target sale quantity of Cushioned Socks to achieve a target profit of 16500 is 2857 2 T... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials Of Business Analytics

Authors: Jeffrey Camm, James Cochran, Michael Fry, Jeffrey Ohlmann, David Anderson, Dennis Sweeney, Thomas Williams

1st Edition

128518727X, 978-1337360135, 978-1285187273

More Books

Students also viewed these Accounting questions

Question

Solve the following 1,4 3 2TT 5x- 1+ (15 x) dx 5X

Answered: 1 week ago