Now change all of the dollar amounts in the data area of your worksheet so that it looks like this: Chapter 1: Applying Excel Data Sales $59,500 Variable costs: Cost of goods sold $34,000 Variable selling $3,400 Variable administrative $3,200 Fixed costs: Fixed selling $2,500 Fixed administrative $1,500 If your formulas are correct, you should get the correct answers to the following questions. (a) What is the gross margin now? (b) What is the net operating income now? (c) What is the contribution margin now?

Now change all of the dollar amounts in the data area of your worksheet so that it looks like this: Chapter 1: Applying Excel Data Sales $59,500 Variable costs: Cost of goods sold $34,000 Variable selling $3,400 Variable administrative $3,200 Fixed costs: Fixed selling $2,500 Fixed administrative $1,500 If your formulas are correct, you should get the correct answers to the following questions. (a) What is the gross margin now? (b) What is the net operating income now? (c) What is the contribution margin now?

Essentials Of Business Analytics

1st Edition

ISBN:9781285187273

Author:Camm, Jeff.

Publisher:Camm, Jeff.

Chapter6: Data Mining

Section: Chapter Questions

Problem 20P

See similar textbooks

Similar questions

Chapter 1: Applying Excel: Excel Worksheet (Part 1 of 2) Download the Applying Excel form and enter formulas in all cells that contain question marks. For example, in cell C18 enter the formula "= B6". After entering formulas in all of the cells that contained question marks, verify that the dollar amounts in both the traditional and contribution format income statements match the numbers in Exhibit 1-7. Check your worksheet by changing the variable selling cost in the Data area to $900, keeping all of the other data the same as in Exhibit 1-7. If your worksheet is operating properly, the net operating income under the traditional format income statement and under the contribution format income statement should now be $700 and the contribution margin should now be $4,700. If you do not get these answers, find the errors in your worksheet and correct them. Save your completed Applying Excel form to your computer and then upload it here by clicking “Browse.” Next, click…
1.) what is the net operating income ? 2.) by what percentage did the net operating income increase?
Please donot provide solution in image format and provide step by step format and provide solution asap
Please help me with Req 4. If someone can help I will give a thumbs up. If you zoom in I believe the image should beome clearer. Thanks!
Example 14: CVP Analysis Application: For example, sale price of one laptop is $500, sales revenue=500Q; Assume that expense is Y=a+bx=$80,000+300Q. We can draw two lines to assume Horizontal line (X) is the units sold Q and Vertical line (Y) is dollar sales $. We need to draw a graph using this information
1. You have been provided with the following data regarding shipments and costs for Brighton Boutiques: Number of Shipments Received Cost per Receiving Report $202 185 120 105 70 80 87 115 100 $300 $200 $100 $- 0 142 154 20 162 Required: Plot the data points on a scatter graph, and then using the high-low method, determine the cost function of the line that will connect the high and low points on the graph. Does the cost function appear to be linear in nature? 200 175 Graph Template 40 80 60 Number of Shipments 100 120 140
Solve. Show the system of equations used and show your work on solving the system: A company wants to advertise its product in a certain magazine. The magazine offers two ad plans: Plan A: 6 full-page ads and 6 half-page adds will cost $2550 Plan B: 8 full-page ads and 4 half-page ads will cost $2800 Find: The cost of a full-page ad b. The cost of a half-page ad a.
It's basically the whole thing, I barely get it and I don't have much time, so please, help me!
ctoring Enabled: Chapter 4 The Art of Modellin. i Saved Help Save & Exit 1 An analyst built the following spreadsheet, complete with named ranges (for example, cell B2 is named "Unit_Price" based on the heading in cell A2). A 2 Unit Price 19 3. Unit Cost 8.57 4 Unit Gross Profit Unit Price Unit Cost 5. 6. Quantity Sold 5,800 7 8. Gross Revenue Quantity Sold x Unit Price Quantity Sold x Unit Cost 3,200 Gross Revenue - Variable Costs Variable Costs 10 Fixed Costs 11 Net Profit Fixed Costs 12 Profit per Unit = Net Profit/Quantity Sold After entering the data shown below in cells B2, B3, B6, and B10, what values should appear Gross Profit and Profit per Unit" answers to 2 decimal places.) the following cells? (Round your "Unit Cell Value B4 (Unit_Gross_Profit) B8 (Gross Revenue) B9 (Variable_Costs) B11 (Net Profit) B12 (Profit_per_Unit) aw Prev 1 of 5 Next >
In the following chart, fill in the missing cells for each of the following independent scenarios. Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole number. Scenario 1 2 4 GA Revenue Variable Costs Fixed Costs Total Costs Operating Profit $83 $830 $ $1,800 $ $880 $ $697 $ $490 $280 $ $747 $790 $ $1,147 $553 $424 CM Ratio % 80.00% % % Contribution Margin $ A $704
(c) comment on the relative profitability of these companies. (D) based on your calculations above, identify two main reasons for the difference in their profitability.
A company has three types of products: gadgets, widgets, and gizmos. The cost and market price of each type is listed below. Complete the table by applying the lower of cost and net realizable value (LCNRV). Do not enter dollar signs or commas in the input boxes. Description Category Cost NRV Individual LCNRV Applied to Category Total Gadget Type 1 Gadgets $1,170 $1,000 $ Gadget Type 2 Gadgets $5,700 $5,600 $ Total Gadgets Widget A Widgets $140 $150 $ Widget B Widgets $130 $190 $ Total Widgets $ tA Gizmo 1 Gizmos $2,280 $2,450 $ Gizmo 2 Gizmos $2,280 $1,630 $ Total Gizmos Total $ A $ EA SA SA EA A

SEE MORE QUESTIONS

Recommended textbooks for you

Essentials Of Business Analytics

Statistics

ISBN:

9781285187273

Author:

Camm, Jeff.

Publisher:

Cengage Learning,

Essentials Of Business Analytics

Statistics

ISBN:

9781285187273

Author:

Camm, Jeff.

Publisher:

Cengage Learning,

SEE MORE TEXTBOOKS

GET THE APP

About FAQ Academic Integrity Sitemap Document Sitemap

Contact Bartleby Contact Research (Essays)High School Textbooks Literature Guides Concept Explainers by Subject Essay Help Mobile App

GET THE APP

Privacy

Your CA Privacy Rights

Your NV Privacy Rights

About Ads

Manage My Data

bartleby, a Learneo, Inc. business

Chapter 1: Applying Excel

Data
Sales	$59,500
Variable costs:
Cost of goods sold	$34,000
Variable selling	$3,400
Variable administrative	$3,200
Fixed costs:
Fixed selling	$2,500
Fixed administrative	$1,500