Question: Jambo D cor manager is strategizing on ordering different d cor pieces for the Summer season. It has been in business with a vendor who
Jambo Dcor manager is strategizing on ordering different dcor pieces for the Summer season. It has been in business with a vendor who supplies the pieces on a discounted rate depending on the units ordered. The regular selling price for each piece will be $ and a fixed cost of $ At the end of the season, all the unsold pieces will be placed on clearance at a clearance selling piece of $ In addition, there is a polishing cost of $ for each piece. There has been uncertain demand in the market for dcor pieces ranging between units. Consider the quantity discount table below and help the manager build a spreadsheet model to experiment with the uncertain demand of and the order quantity of units.
Quantity Discount TableUnit order cost
A Color code your work Pt
B Create and paste range names used Pts
C Calculate units to be sold at regular selling price using IF function Pts
D Calculate units to be sold at clearance selling price using IF function Pts
E Calculate total cost Pts
F Calculate total revenue Pts
G Calculate total profit Pts
H How many orders will enable Jambo Decor to break even? Pts
I. How many orders should Jambo Decor make, to earn at least a profit of $Pts
J Show how a change in order units affects profit. Have the order units range from with increment of
Setup a oneway data table Pts
Conclusion Pts
Create a line chart Edit your chart accordingly Title, axis labels, horizontal axis scale Pts
Conclusion Pts
K Show how a change in order units and demand jointly affect profit.
Set up a twoway data table with order units along side and demand units along top ranging from with an increment of Pts
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
