Answered: In the above Excel file that contains a…

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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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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