Suppose a small business has sales of $14,000 this month, with future sales expected to grow by $1,000 each month. Costs consist of a fixed component, which is $8,400 per month, and a variable component, which is 25 percent of sales. Design a spreadsheet to compute the gross profit (revenue less fixed and variable costs) per month over a nine month period. What is the gross profit in a single month 5 months from now?

Suppose a small business has sales of $14,000 this month, with future sales expected to grow by $1,000 each month. Costs consist of a fixed component, which is $8,400 per month, and a variable component, which is 25 percent of sales. Design a spreadsheet to compute the gross profit (revenue less fixed and variable costs) per month over a nine month period. What is the gross profit in a single month 5 months from now?

Np Ms Office 365/Excel 2016 I Ntermed

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ISBN:9781337508841

Author:Carey

Publisher:Carey

Chapter8: Working With Advanced Functions

Section: Chapter Questions

Problem 2.8CP

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Question

**Problem Statement: Gross Profit Calculation for a Small Business**

Suppose a small business has sales of $14,000 this month, with future sales expected to grow by $1,000 each month. Costs consist of a fixed component, which is $8,400 per month, and a variable component, which is 25 percent of sales. Design a spreadsheet to compute the gross profit (revenue less fixed and variable costs) per month over a nine month period.

**Question:**
What is the gross profit in a single month 5 months from now?

Please specify your answer as an integer.

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