Answered: Please complete all work in excel. Use…

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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1– Please complete all work in excel. Use excel to make the calculations (cells can be clicked on to view any formulas used) and be sure to identify your answer, including units. You must have an excel file with formulas within the cell.

a. XCountry Train Inc. specializes in trans-American moves for businesses and individuals through the delivery of containers. For every container the company loads on its trans-American rail, the business must pay the rail owners $8,000. In addition, containers are weighed and for each pound of weight, the company must pay $0.10. Harry plans to charge $0.50 per pound to his customers.

1. The company finds out that to maintain the integrity of its containers, each container could only hold an average of 30,000 pounds. What would the company have to charge customers to make $8,000 in profit on each container?

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