Answered: In the above Excel file that contains a…

Principles of Information Systems (MindTap Course List)

12th Edition

ISBN:9781285867168

Author:Ralph Stair, George Reynolds

Publisher:Ralph Stair, George Reynolds

Chapter12: Systems Development: Investigation, Analysis, And Design

Section: Chapter Questions

Problem 1SAT

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Question

In the above Excel file that contains a data sheet 'Profit Goal', each quarter's net profit of 2023 is calculated by multiplying the quarter's gross revenue with the profit% defined for the quarter. The Profit Target of 2023 is the sum of every quarter's net profit.

If the company's profit goal of 2023 is $1,650,000, how much should its gross revenue of Q4 be? Use Goal Seek of What-If Analysis to solve this problem.

Be sure you hit OK at the end of the Goal Seek dialog so your solution is saved in the data sheet

2023
Q1
Q2
Q3
Q4
Profit Target
Gross
$4,500,000
$3,000,000
$1,800,000
Profit% Net Profit
10.0%
12.0%
14.5%
9.2%

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