Please provide excel formulas **First Quarter Forecast Overview**The spreadsheet provides a detailed forecast for the first quarter, covering sales, expenses, and income. Below is a transcription and explanation of the data presented:**Sales:**- **Categories**: Espresso, Drip Coffee, Food/Beverage, Merchandise, Computer- **Monthly Breakdown**: - Espresso: Jan $16,400, Feb $17,200, Mar $16,500; Total $50,100; Avg $16,700; Proportion 52% - Drip Coffee: Jan $7,400, Feb $7,500, Mar $7,800; Total $22,700; Avg $7,567; Proportion 23% - Food/Beverage: Jan $6,100, Feb $6,000, Mar $5,800; Total $17,900; Avg $5,967; Proportion 18% - Merchandise: Jan $1,300, Feb $1,500, Mar $1,500; Total $4,300; Avg $1,433; Proportion 4% - Computer: Jan $750, Feb $650, Mar $700; Total $2,100; Avg $700; Proportion 2%- **Total Sales**: Jan $31,950, Feb $32,750, Mar $32,300; Total $97,000; Avg $32,333**Expenses:**- **Categories**: Cost of Goods, Cost of Merchandise, Payroll, Internet, Building, Advertising, Capital Assets, Miscellaneous- **Monthly Breakdown**: - Cost of Goods: Jan $9,980, Feb $10,150, Mar $9,945; Total $30,075; Proportion 35% - Cost of Merchandise: Jan $910, Feb $1,080, Mar $1,050; Total $2,940; Proportion 3% - Payroll: Jan $4,500, Feb $5,100, Mar $5,100; Total $14,700; Proportion 17% - Internet: Jan $325, Feb $325, Mar $325; Total $975; Proportion 1% - Building: Jan $2,100, Feb $2,100, Mar $2,100; Total $6,300; Proportion 7% - Advertising: Jan $600, Feb $ **Spreadsheet Financial Analysis Guide****Spreadsheet Data Overview:**The spreadsheet contains a financial analysis table with multiple cells filled with data. The rows indicate various income and payroll amounts, leading to totals at the bottom. The main components are:- **Columns B to H:** These contain monthly data for different parameters, possibly representing income, payroll, or other financial metrics.- **Row 9:** Features a percentage, potentially representing a cumulative total or percentage completion (100%).**Highlighted Instructions:**1. **Task: Add New Net Income Sparkline** - Insert a net income sparkline for the months of January to March in Cell H24. Sparklines are miniature charts within a single cell that provide a visual representation of data trends.2. **Task: Apply Goal Seek Analysis** - Use Goal Seek to adjust the profit margins for January, February, and March to 30% by altering the payroll in each month. Goal Seek is a tool used to find the input values needed to achieve a desired result.**Additional Notes:**- **Visualization Guidance:** - A speech bubble indicates the Goal Seek task on the left. - A red outline box suggests crafting a statement about the newly added Net Income Sparklines, focusing on insights or trends observed.This guide provides a structured approach to analyzing financial data, using advanced spreadsheet tools for visualizing and optimizing financial metrics.

The question deals with budget preparation and goal seek analysis.

5 Sales Espresso Drip Coffee Food/Beverage Merchandise B 3 Computer Total Sales Expenses Cost of Goods Cost of Merchandise Payroll Internet Building Advertising Capital Assets 0 1 2 3 Income 4 Net Income 5 Profit Margin 26 Miscellaneous Total Exp $ $ $ $ $ $ $ es $ 6,100 $ $ 1,300 $ $ 750 $ $ 31,950 $ 32,750 $ $ sss S JAN $ 16,400 $ 7,400 $ es 9,980 $ 910 $ $ 1,500 $ 1,300 $ $ 28,715 $ 2,100 $ 600 $ FEB 9,945 $ 1,050 $ 12,000 $ 12,000 $ 12,000 $ 325 $ 325 $ 325 $ 2,100 $ 2,100 $ 600 $ 600 $ 1,500 $ 1,500 $ 1,300 $ 1,300 $ 28,955 $ 28,820 $ 3,235 $ 17,200 $ 16,500 $ 7,500 $ 7,800 $ 6,000 $ 1,400 $ 650 $ MAR 10,150 $ 980 $ 5,800 $ 1,500 $ 700 $ 32,300 $ 3,795 $ 3,480 $ TOTAL AVG Proportion 50,100 $ 16,700 22,700 $ 7,567 17,900 $5,967 4,200 $1,400 2,100 $ 700 97,000 $32,333 30,075 $ 10,025 2,940 $ 980 36,000 $12,000 975 $ 325 6,300 $2,100 1,800 $ 600 4,500 $, 1,500 3,900 $1,300 86,490 $28,830 10,510 $3,503 = First Q First Q Goal Seek Calculation Mode: Automatic Workbook Statistics 52 23 18 4 2 100 35 3 42 1 7 2 in 5 5 100 Minivan Loan +

5 Sales Espresso Drip Coffee Food/Beverage Merchandise B 3 Computer Total Sales Expenses Cost of Goods Cost of Merchandise Payroll Internet Building Advertising Capital Assets 0 1 2 3 Income 4 Net Income 5 Profit Margin 26 Miscellaneous Total Exp $ $ $ $ $ $ $ es $ 6,100 $ $ 1,300 $ $ 750 $ $ 31,950 $ 32,750 $ $ sss S JAN $ 16,400 $ 7,400 $ es 9,980 $ 910 $ $ 1,500 $ 1,300 $ $ 28,715 $ 2,100 $ 600 $ FEB 9,945 $ 1,050 $ 12,000 $ 12,000 $ 12,000 $ 325 $ 325 $ 325 $ 2,100 $ 2,100 $ 600 $ 600 $ 1,500 $ 1,500 $ 1,300 $ 1,300 $ 28,955 $ 28,820 $ 3,235 $ 17,200 $ 16,500 $ 7,500 $ 7,800 $ 6,000 $ 1,400 $ 650 $ MAR 10,150 $ 980 $ 5,800 $ 1,500 $ 700 $ 32,300 $ 3,795 $ 3,480 $ TOTAL AVG Proportion 50,100 $ 16,700 22,700 $ 7,567 17,900 $5,967 4,200 $1,400 2,100 $ 700 97,000 $32,333 30,075 $ 10,025 2,940 $ 980 36,000 $12,000 975 $ 325 6,300 $2,100 1,800 $ 600 4,500 $, 1,500 3,900 $1,300 86,490 $28,830 10,510 $3,503 = First Q First Q Goal Seek Calculation Mode: Automatic Workbook Statistics 52 23 18 4 2 100 35 3 42 1 7 2 in 5 5 100 Minivan Loan +

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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