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o Apply the Goal Seek Analysis Add new Net Income Sparkline for January through March in Cell H24. Compare the two Net Income Sparklines and in one sentence explain the difference. hows the information had ME PRAKY Miniten Downtown Internet Cafe For this tab

o Apply the Goal Seek Analysis Add new Net Income Sparkline for January through March in Cell H24. Compare the two Net Income Sparklines and in one sentence explain the difference. hows the information had ME PRAKY Miniten Downtown Internet Cafe For this tab

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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**First Quarter Forecast Overview** **Sales:** - **Espresso:** - Jan: $16,400 - Feb: $17,200 - Mar: $16,500 - Total: $50,100 - Avg: $16,700 - **Drip Coffee:** - Jan: $7,400 - Feb: $7,500 - Mar: $7,800 - Total: $22,700 - Avg: $7,567 - **Food/Beverage:** - Jan: $6,100 - Feb: $6,000 - Mar: $5,800 - Total: $17,900 - Avg: $5,967 - **Merchandise:** - Jan: $1,300 - Feb: $800 - Mar: $700 - Total: $2,800 - Avg: $933 - **Computer:** - Jan: $750 - Feb: $650 - Mar: $700 - Total: $2,100 - Avg: $700 **Total Sales:** - Jan: $31,950 - Feb: $32,150 - Mar: $31,500 - Total: $95,600 - Avg: $31,867 **Expenses:** - **Cost of Goods:** - Jan: $9,980 - Feb: $10,150 - Mar: $9,945 - Total: $30,075 - Avg: $10,025 - **Cost of Merchandise:** - Jan: $910 - Feb: $910 - Mar: $1,050 - Total: $2,940 - Avg: $980 - **Payroll:** - Jan: $12,000 - Feb: $12,500 - Mar: $12,500 - Total: $37,000 - Avg: $12,333 - **Internet:** - Jan: $325 - Feb: $325 - Mar: $325 - Total: $975 - Avg: $325 - **Building:** - Jan:
Transcribed Image Text:**First Quarter Forecast Overview** **Sales:** - **Espresso:** - Jan: $16,400 - Feb: $17,200 - Mar: $16,500 - Total: $50,100 - Avg: $16,700 - **Drip Coffee:** - Jan: $7,400 - Feb: $7,500 - Mar: $7,800 - Total: $22,700 - Avg: $7,567 - **Food/Beverage:** - Jan: $6,100 - Feb: $6,000 - Mar: $5,800 - Total: $17,900 - Avg: $5,967 - **Merchandise:** - Jan: $1,300 - Feb: $800 - Mar: $700 - Total: $2,800 - Avg: $933 - **Computer:** - Jan: $750 - Feb: $650 - Mar: $700 - Total: $2,100 - Avg: $700 **Total Sales:** - Jan: $31,950 - Feb: $32,150 - Mar: $31,500 - Total: $95,600 - Avg: $31,867 **Expenses:** - **Cost of Goods:** - Jan: $9,980 - Feb: $10,150 - Mar: $9,945 - Total: $30,075 - Avg: $10,025 - **Cost of Merchandise:** - Jan: $910 - Feb: $910 - Mar: $1,050 - Total: $2,940 - Avg: $980 - **Payroll:** - Jan: $12,000 - Feb: $12,500 - Mar: $12,500 - Total: $37,000 - Avg: $12,333 - **Internet:** - Jan: $325 - Feb: $325 - Mar: $325 - Total: $975 - Avg: $325 - **Building:** - Jan:
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