Abby has always dreamed of having her own ice cream shop. Now as a young entrepreneur she has decided to pursue her dream, but she needs some help in determining the financial viability of her plan. She has come up with a list of income and expense parameters and needs a simple program to input these parameters and calculate the monthly profit or loss as well as performing some variable cost what-if analysis.
Abby has always dreamed of having her own ice cream shop. Now as a young entrepreneur she has decided to pursue her dream, but she needs some help in determining the financial viability of her plan. She has come up with a list of income and expense parameters and needs a simple program to input these parameters and calculate the monthly profit or loss as well as performing some variable cost what-if analysis.
Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Chapter1: Introduction
Section: Chapter Questions
Problem 1PE
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Abby has always dreamed of having her own ice cream shop. Now as a young entrepreneur she has decided to pursue her dream, but she needs some help in determining the financial viability of her plan. She has come up with a list of income and expense parameters and needs a simple program to input these parameters and calculate the monthly profit or loss as well as performing some variable cost what-if analysis.
Transcribed Image Text:shop.py
57 Percent: 6 Expenses: 2024.6 Profit/Loss: -24.6
58 Percent: 8 Expenses: 2062.8 Profit/Loss: -62.8
59 Varying the Income +/-10%:
-110.0
60 Percent: -10 Income: 1800.0 Profit/Loss:
61 Percent: -8 Income: 1840.0 Profit/Loss: -70.0
62 Percent: -6 Income:
63 Percent: -4 Income:
64 Percent: -2 Income:
65 Percent: 0 Income:
66 Percent: 2 Income:
67 Percent: 4 Income:
68 Percent: 6 Income:
1880.0 Profit/Loss: -30.0
1920.0 Profit/Loss: 10.0
1960.0 Profit/Loss: 50.0
2000.0 Profit/Loss: 90.0
2040.0 Profit/Loss: 130.0
2080.0 Profit/Loss: 170.0
2120.0 Profit/Loss: 210.0
69 Percent: 8 Income: 2160.0 Profit/Loss: 250.0
70
71 Bonus:
72 Add functionality that will that use the current expenses and sales volume but
73 vary the sale price until the "break-even" point is found. If the initial calculation
74 is positive then reduce the price iteratively and if negative, increase the price
75 iteratively (think loop). Note that your algorithm doesn't have to find the exact
76 break even point, only the point where it changes from negative to positive or
77 positive to negative
X
+
78
79 10. Find Break-Even
80
81 Enter Selection (0 to Exit): 10
82 Break-Even occurs with a selling price of: 5.7
83
84
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28 8. Profit/Loss Calculation
29 9. "What If" analysis with 10% variance
30
31 Enter Selection (0 to Exit):
32
33
34 Menu items 1 - 7 should display the current value of the category and allow
35 the user to change it.
36
37 Menu item 8 should display a single value indicating the amount of profit or
38 loss. It should then, while holding the income fixed, vary the expenses from
39 to 10 percent in 2 percent increments and outputting the values and the
40 resulting profit or loss in a table. Finally, while holding the expenses
41 fixed, vary the income parameters from to + 10 percent in 2 percent increments.
42
X
43 Sample Output:
44 Enter Selection (0 to Exit): 8
45 The Ice Cream Shop will have a monthly profit/loss of 90.0 or 4.0 per serving.
46
I
47 Enter Selection (0 to Exit): 9
48 Varying the Expenses +/-10%:
49 Percent: -10 Expenses: 1719.0 Profit/Loss: 281.0
50 Percent: -8 Expenses: 1757.2 Profit/Loss: 242.8
51 Percent: -6 Expenses:
52 Percent: -4 Expenses:
53 Percent: -2 Expenses:
54 Percent: 0 Expenses:
55 Percent: 2 Expenses:
56 Percent: 4 Expenses:
↓
1795.4 Profit/Loss: 204.6
1833.6 Profit/Loss: 166.4
1871.8 Profit/Loss: 128.2
90.0
1910.0 Profit/Loss:
1948.2 Profit/Loss: 51.8
1986.4 Profit/Loss:
13.6
C
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