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
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Question
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: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
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
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
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