Workspace: Calculate Annual Copies Sold Maximum Annual Production Estimated Annual Demand Actual Amount of Copies Sold Objective: Calculate Annual Profits Revenue Store Costs Total Copier Rental Cost Total Variable Cost 300,000 544500 Profit If you get a value of $1,200 for profit in Part 1 the spreadsheet is almost surely This is a very important cell in this problem. You use a formula to determine how much the company can actually sell based on demand AND maximum production capacity! There are a lot of different functions you can use (IF for example), but I chose to use the MINI Once you have all of the sections above organized and completed correctly, the cost and revenue calculations should be easy, linking the cells for actual copies sold and # of copiers rented to the financial information given in the
Workspace: Calculate Annual Copies Sold Maximum Annual Production Estimated Annual Demand Actual Amount of Copies Sold Objective: Calculate Annual Profits Revenue Store Costs Total Copier Rental Cost Total Variable Cost 300,000 544500 Profit If you get a value of $1,200 for profit in Part 1 the spreadsheet is almost surely This is a very important cell in this problem. You use a formula to determine how much the company can actually sell based on demand AND maximum production capacity! There are a lot of different functions you can use (IF for example), but I chose to use the MINI Once you have all of the sections above organized and completed correctly, the cost and revenue calculations should be easy, linking the cells for actual copies sold and # of copiers rented to the financial information given in the
Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Chapter1: Introduction
Section: Chapter Questions
Problem 1PE
Related questions
Question

Transcribed Image Text:A
B
1 Given Information:
2
3
4
5
6
7
8
9 Decision Variable:
10
11
12 Uncertain Variable:
13
Daily Demand
14
15
16
17
Copier Rental
Store Cost
Price
C
D
Variable Cost
Max Production per Copier
Days Business is Open
# of Copiers to Rent
Workspace: Calculate Annual Copies Sold
Maximum Annual Production
Estimated Annual Demand
Actual Amount of Copies Sold
18
19
20 Objective: Calculate Annual Profits
21
Revenue
E
$5,000.00 per year
$4,800.00 per year
$0.10 per copy
$0.03 per copy
100000 copies
365 days
F
3 copiers
1500 copies per day
300,000
544500
G
H
This is a very
problem. You
how much th
based on dem

Transcribed Image Text:E18
Jx
A
B
C
12 Uncertain variable:
13
Daily Demand
14
15 Workspace: Calculate Annual Copies Sold
16
Maximum Annual Production
17
Estimated Annual Demand
18
Actual Amount of Copies Sold
D
19
20 Objective: Calculate Annual Profits
21
22
23
24
25
26
27
28
29
30
31
32
Revenue
Store Costs
Total Copier Rental Cost
Total Variable Cost
E
1500 copies per day
300,000
544500
F
Profit
If you get a value of $1,200 for profit in
Part 1 the spreadsheet is almost surely
G
This is a very important cell in this
problem. You use a formula to determine
how much the company can actually sell
based on demand AND maximum
production capacity! There are a lot of
different functions you can use (IF for
example), but I chose to use the MIN
Once you have all of the sections above
organized and completed correctly, the
cost and revenue calculations should be
easy, linking the cells for actual copies
sold and # of copiers rented to the
financial information given in the
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images

Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, computer-science and related others by exploring similar questions and additional content below.Recommended textbooks for you

Database System Concepts
Computer Science
ISBN:
9780078022159
Author:
Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:
McGraw-Hill Education

Starting Out with Python (4th Edition)
Computer Science
ISBN:
9780134444321
Author:
Tony Gaddis
Publisher:
PEARSON

Digital Fundamentals (11th Edition)
Computer Science
ISBN:
9780132737968
Author:
Thomas L. Floyd
Publisher:
PEARSON

Database System Concepts
Computer Science
ISBN:
9780078022159
Author:
Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:
McGraw-Hill Education

Starting Out with Python (4th Edition)
Computer Science
ISBN:
9780134444321
Author:
Tony Gaddis
Publisher:
PEARSON

Digital Fundamentals (11th Edition)
Computer Science
ISBN:
9780132737968
Author:
Thomas L. Floyd
Publisher:
PEARSON

C How to Program (8th Edition)
Computer Science
ISBN:
9780133976892
Author:
Paul J. Deitel, Harvey Deitel
Publisher:
PEARSON

Database Systems: Design, Implementation, & Manag…
Computer Science
ISBN:
9781337627900
Author:
Carlos Coronel, Steven Morris
Publisher:
Cengage Learning

Programmable Logic Controllers
Computer Science
ISBN:
9780073373843
Author:
Frank D. Petruzella
Publisher:
McGraw-Hill Education