Question: An analyst built the following spreadsheet, complete with named ranges (for example, cell B2 is named Unit_Price based on the heading in cell A2). A
An analyst built the following spreadsheet, complete with named ranges (for example, cell B2 is named Unit_Price based on the heading in cell A2).
| A | B | |
| 1 | ||
| 2 | unit price | 17 |
| 3 | unit cost | 8.57 |
| 4 | unit gross profit | Unit_Prirce - Unit_Cost |
| 5 | ||
| 6 | Quantity Sold | 5,100 |
| 7 | ||
| 8 | Gross Revenue | = Quantity_Sold * Unit_Price |
| 9 | Variable Costs | =Quantity_Sold * Unit_Cost |
| 10 | Fixed Costs | 4,100 |
| 11 | Net Profit | = Gross_revenue - Variable_costs - Fixed_Costs |
| 12 | Profit per unit | = Net_Profit/Quantity_Sold |
After entering the data shown below in cells B2, B3, B6, and B10, what values should appear in the following cells? (Round your "Unit Gross Profit and Profit per Unit" answers to 2 decimal places.)
| Cell | Value |
| B4 (Unit_Gross_Profit) | |
| B8 (Gross_Revenue) | |
| B9 (Variable_Costs) | |
| B11 (Net_Profit) | |
| B12 (Profit_per_Unit) |
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
