wwwwww Benicio has already calculated that the gross profit for the new product could be nearly $295,000 based on a unit price of $159.99 and unit sales of 22,000. He wants to see how the gross profit changes if the price or unit sales are different. Create a two-variable data table as follows to calculate gross profit as the price and unit sales change: wwwwww For the range D4:K9, create a two-variable data table using the price per unit (cell B6) as the Row input cell. Use the units sold (cell B5) as the Column input cell. www Go to the Suppliers worksheet, where Benicio wants to determine whether subcontracting could reduce the cost of the new virtual assistant product. Run Solver to solve this problem as follows: Set the objective as minimizing (Min) the total cost (cell E10).
wwwwww Benicio has already calculated that the gross profit for the new product could be nearly $295,000 based on a unit price of $159.99 and unit sales of 22,000. He wants to see how the gross profit changes if the price or unit sales are different. Create a two-variable data table as follows to calculate gross profit as the price and unit sales change: wwwwww For the range D4:K9, create a two-variable data table using the price per unit (cell B6) as the Row input cell. Use the units sold (cell B5) as the Column input cell. www Go to the Suppliers worksheet, where Benicio wants to determine whether subcontracting could reduce the cost of the new virtual assistant product. Run Solver to solve this problem as follows: Set the objective as minimizing (Min) the total cost (cell E10).
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:wwwwww
Benicio has already calculated that the gross profit for the new product could be nearly $295,000
based on a unit price of $159.99 and unit sales of 22,000. He wants to see how the gross profit
changes if the price or unit sales are different.
Create a two-variable data table as follows to calculate gross profit as the price and unit sales
change:
wwwwww
For the range D4:K9, create a two-variable data table using the price per unit (cell B6) as the
Row input cell.
Use the units sold (cell B5) as the Column input cell.
www
Go to the Suppliers worksheet, where Benicio wants to determine whether subcontracting could
reduce the cost of the new virtual assistant product.
Run Solver to solve this problem as follows:
Set the objective as minimizing (Min) the total cost (cell E10).
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