Required information [The following information applies to the questions displayed below] This Applying Excel worksheet includes an explanation of the Goal Seek function and the PMT formula. Keeping all other data the same as in the original example, change the targeted operating income goal for the qua January and February, and price per unit and variable expense per unit for all three months to match the informati Targeted operating income for the quarter = $11,400 Income Statement Units Sold Price per unit Variable expense per unit January February March 1,140 890 Total number of units to sell in March $ 6.00 $6.00 $6.00 $ 2.00 $ 2.00 $2.00 Required: 2a. Using Goal Seek in Excel, determine the total number of units Jim needs to sell in March in order to meet his t income for the quarter. (Round your answer up to the nearest unit.) < Prev 9 3 of 3 Next
Required information [The following information applies to the questions displayed below] This Applying Excel worksheet includes an explanation of the Goal Seek function and the PMT formula. Keeping all other data the same as in the original example, change the targeted operating income goal for the qua January and February, and price per unit and variable expense per unit for all three months to match the informati Targeted operating income for the quarter = $11,400 Income Statement Units Sold Price per unit Variable expense per unit January February March 1,140 890 Total number of units to sell in March $ 6.00 $6.00 $6.00 $ 2.00 $ 2.00 $2.00 Required: 2a. Using Goal Seek in Excel, determine the total number of units Jim needs to sell in March in order to meet his t income for the quarter. (Round your answer up to the nearest unit.) < Prev 9 3 of 3 Next
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
do not answer image format
![Required information
[The following information applies to the questions displayed below.]
This Applying Excel worksheet includes an explanation of the Goal Seek function and the PMT formula.
Keeping all other data the same as in the original example, change the targeted operating income goal for the quarter, units sold for
January and February, and price per unit and variable expense per unit for all three months to match the information below
Targeted operating income for the quarter = $11,400
Income Statement
Units Sold
Price per unit
Variable expense per unit
Total number of units to sell in March
January
1,140
a Search
February March
890
$ 6.00
$6.00
$6.00
$ 2.00 $ 2.00 $2.00
Required:
2a. Using Goal Seek in Excel, determine the total number of units Jim needs to sell in March in order to meet his targeted operating
income for the quarter. (Round your answer up to the nearest unit.)
< Prev
3
Check m
of 3
Next](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5d8319dd-bfcd-4142-ae8a-35e33f9e44eb%2F3a00b800-d9f7-41cc-b25f-279faee7a7b0%2Fy7y5oh_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required information
[The following information applies to the questions displayed below.]
This Applying Excel worksheet includes an explanation of the Goal Seek function and the PMT formula.
Keeping all other data the same as in the original example, change the targeted operating income goal for the quarter, units sold for
January and February, and price per unit and variable expense per unit for all three months to match the information below
Targeted operating income for the quarter = $11,400
Income Statement
Units Sold
Price per unit
Variable expense per unit
Total number of units to sell in March
January
1,140
a Search
February March
890
$ 6.00
$6.00
$6.00
$ 2.00 $ 2.00 $2.00
Required:
2a. Using Goal Seek in Excel, determine the total number of units Jim needs to sell in March in order to meet his targeted operating
income for the quarter. (Round your answer up to the nearest unit.)
< Prev
3
Check m
of 3
Next
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