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

Basement excavation method statement - Ethical issues. - Environmental Science Journals - 10 percent rule energy pyramid worksheet - Swinburne data structures and patterns - Building blocks of society - The positive asset search is particularly important in - Aras innovator 12 installation guide - Chair the fed a monetary policy game - 2008t machine front panel worksheet - Secrets to a successful marriage afshan khan pdf - Buddhist temple visit essay - Vals segmentation examples - Ethical issues in financial management ppt - Navigating genres kerry dirk summary - Bim bom song lyrics - Managerial accounting Quiz - Feast watson tung oil - Plan of Action and Milestones - Week 5 Journal Article Analysis - Discussion paper - Dennis gartman says goodbye with one last stock market warning - Abc v lenah game meats jade - What a beautiful day song lyrics - Therapeutic Communication - Copper sulfate and ammonium hydroxide balanced equation - Fully explain the following statement, providing supporting examples: Cultural shifts in literature and the visual arts led to the development of the enactment of the first animal protection laws in the 19thC. - Nova epigenetics video questions answers - Measurement of Metabolism - Psych paper - English file advanced answer key - Builds productive relationships selection criteria - 15 simplify the expression below show your work 7y 24 - Software - How to create a basic html page in notepad - Discussion 7, 8 & 9 - Gabor csupo net worth - Presentation essay - Unior or Management - Business plan training course - Powershift rc dead man switch - Eng 125 week 1 discussion 1 - Ruma mukerji - Capsim mission statement examples - Consider a fictional price index - Difference between profession and occupation example - Assignment 4: Final Business Plan - Parker posey breakfast club - Pile weave fabric examples - The alamo drafthouse case study solution - Structural cues in reading - SOCW 6361 - Discussion 1: Policies and the Influence of Values - Olive and the rhyme rescue crew letter d - Area of theatre crossword clue - Summary - Red bull wall to wall production - Discussion Questions - Italian oral exam topics - Persuasive speech - recycling should be mandatory. - Synthes plates and screws - Https openpsychometrics org tests ipip bffm - USA Elections - Www sociosite net topics sociologists php - The cost of mobile billboards depends on - Organisational learning and change - Data flow diagram example - Legal D.2 - Typhoon haiyan case study - Right hand rule positive or negative - Week 4 nurs 340b vulnerable population - Spep blood test tube color - Case study opening your new dunkin donuts locations - St george margin loan - Preparation of methyl salicylate lab report - Gases in the atmosphere pie chart - How to end a speech for school captain - Essay - Ludgershall castle primary school - Organizational Policies and Practices to Support Healthcare Issues - Three beads are placed along a thin rod - Insight inservices tata motors analytics - Due tomorrow - The thing you should avoid about your pets - Professional Dispositions Statement Assessment - Common, perpectual,nuerologic, or cognitive issue - Informative speech about exotic pets - Remark office omr download - Health information exchange (HIE) - Active shooter washington state - Multivariate analysis spss - Persuasive speech cell phones while driving - 6th form college pay scale - Potassium chromate hydrochloric acid - Real life examples of extension strategies - Porter's five forces coca cola pdf - Identify the various branches of philosophy - Which of the following types of built-in custom reports are available in medisoft? - Walmart foreign expansion case study answers - Rapid response ulster hospital - Extreme sports enthusiasts have been known to jump