Using absolute cell references as necessary, in cell C23, construct a formula to calculate the projected expenses for 2020 after the Forecasted increase in cell B21 is applied. Fill the formula through cell F23.

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Author:James Kurose, Keith Ross
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Using absolute cell references as necessary, in cell C23, construct a formula to calculate the projected expenses for 2020 after the Forecasted increase in cell B21 is applied. Fill the formula through cell F23.

|
2 Summary
3
4
5 Sales Expense
6 Administrative Expense
7 Rent Expense
8 Interest Expense
9 Advertising Expense
10 Totals by Quarter
||
12
13
14
| 1000000
15
10000000
16 9000000
17
8000000
18
19
20 Expenses 5-Year Forecast
21 Forecasted Increase
22 Year
23 Projected Expenses
24
25
26
27
28
29
B
Quarter I
Quarter I
4458578
1311774
1317470
129713
964872
8182407
3.5%
с
Direct Expenses by Quarter
2019
$36,589,458
Quarter 2
4678712
1587963
1317470
138963
1184532
8907640
D
Quarter 2
2020
Quarter 3
Direct Expenses
4887953
1689563
1317470
115786
1278741
9289513
2021
E
Quarter 4
Quarter 3
5325215
1856878
1317470
128963
1581372
10209898
2022
F
Annual Total
% of Total
19350458 0.52885337
6446178 0.17617583
5269880 0.14402728
513425 0.01403205
5009517 0.13691148
36589458
Quarter 4
G
2023
I
H
|
J
K
L
Transcribed Image Text:| 2 Summary 3 4 5 Sales Expense 6 Administrative Expense 7 Rent Expense 8 Interest Expense 9 Advertising Expense 10 Totals by Quarter || 12 13 14 | 1000000 15 10000000 16 9000000 17 8000000 18 19 20 Expenses 5-Year Forecast 21 Forecasted Increase 22 Year 23 Projected Expenses 24 25 26 27 28 29 B Quarter I Quarter I 4458578 1311774 1317470 129713 964872 8182407 3.5% с Direct Expenses by Quarter 2019 $36,589,458 Quarter 2 4678712 1587963 1317470 138963 1184532 8907640 D Quarter 2 2020 Quarter 3 Direct Expenses 4887953 1689563 1317470 115786 1278741 9289513 2021 E Quarter 4 Quarter 3 5325215 1856878 1317470 128963 1581372 10209898 2022 F Annual Total % of Total 19350458 0.52885337 6446178 0.17617583 5269880 0.14402728 513425 0.01403205 5009517 0.13691148 36589458 Quarter 4 G 2023 I H | J K L
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