Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

How to open scenario manager in excel

22/10/2021 Client: muhammad11 Deadline: 2 Day

New Perspectives Excel 2013| Tutorial 10: SAM Project 1a

New Perspectives Excel 2013

Tutorial 10: SAM Project 1a

Firestone Clock Company

WHAT-IF ANALYSES AND SCENARIOS

Project Goal

M Project Name

Project Goal

PROJECT DESCRIPTION
Walter Silva runs operations at Firestone Clock Company. The company currently owns and operates its own manufacturing facilities that produce three lines of clocks, Desktop Models, Wall Units, and Custom Clocks. Manufacturing and other costs have been rising, and profits are being squeezed. Walter has asked you to create a workbook that details the financial components of each product line, then analyze a number of scenarios that involve cutting expenses and/or raising prices. You are trying to find the most profitable mix of products using the most cost-effective means of production.

GETTING STARTED
· Download the following file from the SAM website:

· NP_Excel2013_T10_P1a_FirstLastName_1.xlsx

· Open the file you just downloaded and save it with the name:

· NP_Excel2013_T10_P1a_FirstLastName_2.xlsx

· Hint: If you do not see the .xlsx file extension in the Save file dialog box, do not type it. Excel will add the file extension for you automatically.

· With the file NP_Excel2013_T10_P1a_FirstLastName_2.xlsx still open, ensure that your first and last name is displayed in cell B6 of the Documentation sheet. If cell B6 does not display your name, delete the file and download a new copy from the SAM website.

· This project requires the use of the Solver add-in. If this add-in is not available in the Analysis group (or if the Analysis group is not available) on the DATA tab, install Solver by following the steps below.

· In Excel, click the FILE tab, and then click the Options button in the left navigation bar.

· Click the Add-Ins option in the left pane of the Excel Options window.

· Click on the arrow next to the Manage box, click the Excel Add-Ins option, and then click the Go button.

· In the Add-Ins window, click the check box next to the Solver Add-In option and then click the OK button.

· Follow any remaining prompts to install Solver.

PROJECT STEPS
Go to the Desktop Models worksheet. In cell C28, use Goal Seek to perform a break-even analysis for Desktop Models by calculating the number of units the company needs to sell (represented by the value in cell C27), at the price per unit listed in cell C25, in order to break even, or reach a Gross Profit of $0. (Hint: The number format applied to cell C25 will make a value of $0 display as $ -)

Create a one-variable data table to display values for Sales, Expenses, and Profits based on the Number of Clocks sold by completing the following actions:

a. In cell E5, enter a formula to reference cell C5, which is the input cell to be used in the data table.

b. In cell F5, enter a formula that references cell C20, which is the expected total sales for this product.

c. In cell G5, enter a formula that references cell C21, which is the expected total expenses for this product.

d. In cell H5, enter a formula that references cell C22, which is the expected gross profit for this product.

e. Select the range E5:H10 and then complete the one-variable data table, using cell C5 as the Column input cell for your data table.

Select range E14:L19. Create a two-variable data table to display values for gross Profit based on Units Sold and Price per Unit (Hint: Use cell C6 as the Row input cell and cell C5 as the Column input cell).

Apply a custom format to cell E14 to display the text “Units Sold/Price” in place of the cell value.

Go to the Wall Units worksheet. Create a Scatter with Straight Lines chart based on range E4:G14 in the data table Wall-Units – Break-Even Analysis. Modify the chart as described below:

f. Resize and reposition the chart so the upper-left corner is in cell E15 and the lower-right corner is in cell H28.

g. Remove the chart title from the chart.

h. Add Sales and Expenses as the Vertical Axis title and Units Sold as the Horizontal Axis title.

i. For the Vertical Axis, change the Minimum Bounds to 300000 and the Maximum Bounds to 550000. Change the Number format of the Vertical Axis to Currency with 0 decimal places.

j. For the Horizontal Axis, change the Minimum Bounds to 5000 and the Maximum Bounds to 9000.

k. Use the Change Colors option to change the color set for the chart to Color 14 (the 4th entry from the bottom in the gallery of color choices).

Open the Scenario Manager and add two scenarios for the data in the Wall Units worksheet based on the data shown in Table 1. The changing cells for both scenarios are the non-adjacent cells C12, and C15. Close the Scenario Manager without showing any of the scenarios.

Table 1: Wall Unit Scenario Values

Values

Scenario 1

Scenario 2

Scenario Name

Standard Materials

Green Materials

Wall_Unit_Variable_Cost (C12)

33.75

42.50

Wall_Unit_Fixed_Cost (C15)

175000

225000

Copyright © 2014 Cengage Learning. All Rights Reserved.

Go to Custom Clocks worksheet. Create a Scatter with Straight Lines chart based on range E6:J14 in the data table Custom Clocks – Net Income Analysis. Make the following modifications to the chart:

l. Resize and reposition the chart so the upper-left corner is in cell E15 and the lower-right corner is in cell J28.

m. Remove the chart title from the chart.

n. Reposition the chart legend to the Right of the chart.

o. Add the title Net Income as the Vertical Axis title and Units Sold as the Horizontal Axis title.

p. For the Vertical Axis, change the Minimum Bounds to -150000 and the Maximum Bounds to 250000. Change the Number format of the Vertical Axis to Currency with 0 decimal places.

q. For the Horizontal Axis, change the Minimum Bounds to 3000 and the Maximum Bounds to 7500.

In the Scatter with Straight Lines chart created in the previous step, edit the chart series names as described below:

r. For Series 1, set the series name to cell F5 (Hint: The series name should automatically update to =’Custom Clocks’!$F$5).

s. For Series 2, set the series name to cell G5.

t. For Series 3, set the series name to cell H5.

u. For Series 4, set the series name to cell I5.

v. For Series 5, set the series name to cell J5.

Firestone Clocks is considering subcontracting the construction of their Custom Clock line to other woodshops in the area. Walter wants to determine if this option will reduce the costs associated with this product line.

Go to the Custom Clock – Suppliers worksheet. Run Solver to minimize the value in cell F11 (Total Cost) by adjusting number of units produced by each woodshop (Hint: Changing cells will be C5:E5) assuming the four (4) manufacturing constraints below:

w. F5=5500

x. F11 <=560000

y. C5:E5 <=3500

z. C5:E5 should be an Integer

Run Solver, keep the Solver Solution, and then return to the Solver Parameters Dialog box. Save the model to the range B15:B22. Close the Solver Parameters Dialog box.

Go to the All Products worksheet. Open the Scenario Manager and create a Scenario Summary report for the resultant cells C18:E18. The Scenario Summary report will summarize the impact of the following three scenarios: Status Quo, Outsource Manufacturing, Raise Prices 5%.

Go back to the All Products worksheet. Open the Scenario Manager and create a Scenario PivotTable report for result cells C18:E18. Format the Scenario PivotTable as described below:

aa. Remove the Filter field from the PivotTable.

ab. Change the number format of the Profit_per_Unit_Sold_Desktop, Profit_per_Unit_Sold_Wall_Units, and Profit_per_Unit_Sold_Custom fields (located in the Values box of the PivotTable Field List) to Currency (with 2 decimal places).

ac. In cell A1, enter the value All Products Scenario PivotTable and format the cell with the Title cell style.

Go back to the All Products worksheet. Open the Scenario Manager and view the Outsource Manufacturing scenario in the worksheet.

Your workbook should look like the Final Figure on the following page. Note that some of the outcome values have been intentionally blanked out. Save your changes, close the workbook, and exit Excel. Follow the directions on the SAM website to submit your completed project.

Final Figure 1: Desktop Models Worksheet

Microsoft product screenshot reprinted with permission from Microsoft Incorporated. Copyright © 2014 Cengage Learning. All Rights Reserved.

Final Figure 2: Wall Units Worksheet

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Assignments Hut
Engineering Solutions
Calculation Guru
Essay & Assignment Help
Isabella K.
Maths Master
Writer Writer Name Offer Chat
Assignments Hut

ONLINE

Assignments Hut

I will provide you with the well organized and well research papers from different primary and secondary sources will write the content that will support your points.

$42 Chat With Writer
Engineering Solutions

ONLINE

Engineering Solutions

I can assist you in plagiarism free writing as I have already done several related projects of writing. I have a master qualification with 5 years’ experience in; Essay Writing, Case Study Writing, Report Writing.

$21 Chat With Writer
Calculation Guru

ONLINE

Calculation Guru

After reading your project details, I feel myself as the best option for you to fulfill this project with 100 percent perfection.

$50 Chat With Writer
Essay & Assignment Help

ONLINE

Essay & Assignment Help

I will provide you with the well organized and well research papers from different primary and secondary sources will write the content that will support your points.

$26 Chat With Writer
Isabella K.

ONLINE

Isabella K.

I have written research reports, assignments, thesis, research proposals, and dissertations for different level students and on different subjects.

$42 Chat With Writer
Maths Master

ONLINE

Maths Master

I find your project quite stimulating and related to my profession. I can surely contribute you with your project.

$35 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

And she said i must go - The royal college of chiropractors - Mcmxcix in arabic numbers - The embalming of mr jones comprehension answers - How to start observation paper - Time value of money multiple choice questions and answers - Is juggling a fine or gross skill - What is an audience profile sheet - Slimming world magazine subscription - Cell city phone specials - Mh practice marketing game tips - Presentation with 5 slides of 100 words each, In APA Format, 12 Font and 1 Reference Slide - Ebix australia vic pty ltd - Year of the lord's favor jubilee - Dyson core competencies - Www yougetsignal com tools visual tracert - 7 domains of a typical it infrastructure - Nur561 - DQ9 - John knowles writing style - Unfollow the masses hoodie monkey - HIV/AIDS Specialty Care for Pregnant women - Titration of vinegar lab answers - A best cost provider strategy - Identify the cost categories in a traditional format income statement - International finance multiple choice questions - Faith hill videos youtube - Formulation of liquid paraffin emulsion - World of warcraft couples - Research Question for all projects-RESEARCH METHODS CRIMINAL JUSTICE - Spider who helped her pig friend - Knowledge Management - Article Summary and how organizational culture is used within your organization - How to create job seeker id - Error 97 sms origination denied moto g6 - Do cell phones cause distractions in school - Powerpoint elbow connector orientation - Cohesion tension theory of water transport in plants - Kristen's cookie company gantt chart - Decision making in finance using credit sheet 9 - Operations management simulation inventory basics answers - Kirra hill community centre - Liabilities of a company are owed to - Symbolism in the second coming by william butler yeats - Marilyn wann yay scale - Lucy you have some splainin to do - Qnt 561 signature assignment hospital - Philosophy Essay - Governmental Reporting Presentation - 5x 8 7x 4x 1 - Select the correct statement regarding epithelia - Diabetes care journal submission - How to get consulting clients fast frank kern pdf - Immaculate heart of mary explained - When were advos introduced - Early years planning cycle resource - Ol 125 personal development plan final submission - Course Reflection - Disputed moral issues 3rd edition - Word memo - Yourfilehist - How does a colourimeter work - What is green pasture means - Digital Forensics and Incident Response - What is another name that statisticians talk about dependent tests - Business essentials 11th edition chapter 1 pdf - D meter floor flatness - Mass effect 3 petra nebula - Basement excavation method statement - 1 Question - 5801 aylesboro avenue pittsburgh pa - Role of accountant in an organization - Strategic quality management implementation plan example - Dawn brancheau death filmed - Decomposition of calcium carbonate lab - Bsbwor502 assessment 3 - Is greg norman married - Rituals Assignment - What is lac in education - Elements of word processing - Backstage department crossword clue - Printable periodic table of elements - Rm cobol compiler free download - Difference between intrinsic and extrinsic motivation ppt - Https owl english purdue edu owl resource 560 02 - Police Brutality - Macys estee lauder gift with purchase 2019 dates - As nzs 3551 standard - What is a practice problem in nursing - In search of our mothers gardens pdf - ?? same-day +27833173182 GWERU ABORTION CLINIC // PILLS,,,, - Charles hymas sunday times - How to write a chemistry literature review - Quantitect reverse transcription kit - Simple past tense of catch - P and c federation - In what warfare skill did the steppe nomads excel? - Learn: Analyzing Business Structure - 200 Words - Inspected write off qld - Swine flue paper - Monthly manufacturing overhead flexible budget