Question: Set up the following cell entries in Excel: a ) ( 2 0 points ) Use appropriate formulae in Excel to calculate Breakeven ( units

Set up the following cell entries in Excel:
a)(20 points) Use appropriate formulae in Excel to calculate Breakeven (units) and
Breakeven in dollars ($). Do not use Goal Seek. Be sure to use cell references in your
formulae; do not embed constants into your formulae. You may add other cells to your
Excel spreadsheet beyond those shown above.
b)(15 points) Use Goal Seek to compute the number of units required to achieve a profit of
$200. Adjust the model and/or parameters from part a as necessary. Be sure to put your
model for part b on a separate tab or in a separate workbook. Hint: You will almost
certainly need to add other cells to your Excel spreadsheet beyond those shown above (or
added in part a).
c)(15 points) Using Goal Seek, what should the selling price per unit be in order to realize a
"Breakeven in dollars ($)" amount of $200? Use your model from part a. Be sure to put
your solution (and model) for part c in a separate workbook. Hint: You should be able to
do this using only the cells shown above (and any you added for part a).
 Set up the following cell entries in Excel: a)(20 points) Use

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!