Which scenario will result in the lowest 6-month average consultant cost percentage?
Which scenario will result in the lowest 6-month average consultant cost percentage?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question

Transcribed Image Text:E3
A
2 Month
3 January
February
March
Sales
6-Month average
B
Qfx
$81,000.00
$80,000.00
$88,000.00
$92,000.00
$110,000.00
$108,000.00
5
6 April
7 May
8 June
9
10
11
12
13 $500 Fixed Fee, 2% commission
14 $1000 Fixed Fee, 1% commission
15 $2000 Fixed Fee, 0.5% commission
16
D
200
100
50
E
F
Fixed fee Guest count Variable expenxe Total expense Cost%
500
4800
500
5120
500
5006
500
4960
500
5140
500
5300
G
H

Transcribed Image Text:P
Do Chapter 8 question 2 (Tutti)
Skip question 2a
Create a new column, "Guest Count", 4800, 5120, 5006, 4960, 5140, 5300 for months Jan
Format dollar values to currency and percentage values to percentages
Using Scenario Manager, create a Scenario Summary (worksheet) with the following scen
$500 Fixed Fee, 2% commission
$1000 Fixed Fee, 1% commission
$2000 Fixed Fee, 0.5% commission
Which scenario will result in the lowest 6-month average consultant cost percentage?
Create a Scenario Summary (worksheet) with the following scenarios:
10% increase in Guest Count, $1000 Fixed Fee, 2% commission
10% increase in Guest Count, $2000 Fixed Fee, 1% commission
10% increase in Guest Count, $4000 Fixed Fee, 0.5% commission
Which scenario will result in the lowest 6-month average consultant cost percentage?
R
S
T
U
S
69
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