Finally, due to budget constraint, your inititial budget of $100,000 has been reduced to $75,000. SET YOUR CONSTRAINTS, DECIDE WHICH AREAS/TASKS BUDGET TO BE ADJUSTED AND USE EXCEL SOLVER TO CREATE YOUR FINAL BUDGET. Submit your plan and your reasoning behind the decisions and why your plan will make the event a success. Excel spreadsheet must show the distribution of your initial budget of $100,000 and your final budget of $75,000 with the constraints you set. Use the the excel spreadsheet image and show constraints.
Finally, due to budget constraint, your inititial budget of $100,000 has been reduced to $75,000. SET YOUR CONSTRAINTS, DECIDE WHICH AREAS/TASKS BUDGET TO BE ADJUSTED AND USE EXCEL SOLVER TO CREATE YOUR FINAL BUDGET. Submit your plan and your reasoning behind the decisions and why your plan will make the event a success. Excel spreadsheet must show the distribution of your initial budget of $100,000 and your final budget of $75,000 with the constraints you set. Use the the excel spreadsheet image and show constraints.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Finally, due to budget constraint, your inititial budget of $100,000 has been reduced to $75,000. SET YOUR CONSTRAINTS, DECIDE WHICH AREAS/TASKS BUDGET TO BE ADJUSTED AND USE EXCEL SOLVER TO CREATE YOUR FINAL BUDGET. Submit your plan and your reasoning behind the decisions and why your plan will make the event a success. Excel spreadsheet must show the distribution of your initial budget of $100,000 and your final budget of $75,000 with the constraints you set.
Use the the excel spreadsheet image and show constraints.
Transcribed Image Text:10
11
12
13
14
15
16
B
Day 1
Hal
Day 1
Day 2
Day 3
Total
Day 2
Day 3
Total
с
Venue Rental
9000
4500
12000
D
Food and Drinks
9000
5000
5000
E
Entertainment
6000
5000
8000
Decorations
4000
5000
7000
F
$5,000
$5,000
G
Staff and Security
6000
3000
4000
$6,000
$5,000
$8,000
$4,000
$5,000
$7,000
H
Miscellaneous
3000
2500
2000
Venue Rental Food and Drinks Entertainment Decorations Staff and Security Miscellaneous
$9,000
$9,000
$6,000
$4,500
$3,000
$12,000
$4,000
=SUM(C12:H12)
=SUM(C13:H13)
=SUM(C14:H14)
=SUM(112:114)
$3,000 $37,000
$2,500 $25,000
$2,000 $38,000
$100,000
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