ISMG2050 Florida Atlantic University Cotorna Coffee Makers Excel Worksheet This excel worksheet wont take long for some people and I don’t have the time to

ISMG2050 Florida Atlantic University Cotorna Coffee Makers Excel Worksheet This excel worksheet wont take long for some people and I don’t have the time to complete it. I need help please!Below is the instructions/support file so you are able to complete everything. Use my start file and save it the exact way it is shown (name wise) so i’ll be able to submit it. Please somebody help! Happy holidays! 🙂 New Perspectives Excel 2016 | Module 10: SAM Project 1b
Cortona Coffee Makers
WHAT-IF ANALYSES AND SCENARIOS
GETTING STARTED
•
Open the file NP_EX16_10b_FirstLastName_1.xlsx, available for download
from the SAM website.
•
Save the file as NP_EX16_10b_FirstLastName_2.xlsx by changing the “1”
to a “2”.
o
•
With the file NP_EX16_10b_FirstLastName_2.xlsx still open, ensure that
your first and last name is displayed in cell B6 of the Documentation sheet.
o
•
If you do not see the .xlsx file extension in the Save As dialog box, do
not type it. The program will add the file extension for you automatically.
If cell B6 does not display your name, delete the file and download a new
copy from the SAM website.
This project requires you to use the Solver add-in. If this add-in is not available
on the Data tab in the Analyze group (or if the Analyze group is not available),
install Solver as follows:
o
In Excel, click the File tab, and then click the Options button in the left
navigation bar.
o
Click the Add-Ins option in the left pane of the Excel Options dialog box.
o
Choose the Excel Add-Ins option in the Manage drop-down list, and then
click the Go button.
o
In the Add-Ins dialog box, click the Solver Add-In check box and then
click the OK button.
o
Follow any remaining prompts to install Solver.
PROJECT STEPS
1.
Sophia Sabatini owns Cortona Coffee Makers, a company in Nashville,
Tennessee that manufactures coffee makers for the consumer market. As an
intern at the company, you are developing a workbook that includes the
financial details of each product line. Sophia has asked you to use the data to
analyze scenarios that involve cutting expenses and raising prices. She wants
you to find the most profitable mix of products using the most cost-effective
means of production.
Switch to the Single Cup worksheet. Perform a break-even analysis for single
cup coffee makers as follows:
a.
In cell B27, use Goal Seek to set cell B27 to a value of 0.
New Perspectives Excel 2016 | Module 10: SAM Project 1b
b.
2.
3.
Change the number of units sold in cell B26 to break even, or reach a
Gross Profit of $0. (Hint: The number format applied to cell B27 will
display the value of $0 as $ -.)
Create a one-variable data table to calculate sales, expenses, and profits based
on the number of single cup coffee makers sold as follows:
a.
In cell D5, enter a formula that references cell B4, which is the expected
units sold for this product.
b.
In cell E5, enter a formula that references cell B19, which is the expected
total sales for this product.
c.
In cell F5, enter a formula that references cell B20, which is the expected
total expenses for this product.
d.
In cell G5, enter a formula that references cell B21, which is the expected
gross profit for this product.
e.
Select the range D5:G10 and then complete the one-variable data table,
using cell B4 as the Column input cell for your data table.
Create a two-variable data table to calculate the gross profit based on the
number of single cup coffee makers sold and the price per unit:
a.
For the range D14:K19, create a two-variable data table using the price
per unit (cell B5) as the Row input cell.
b.
Use the units sold (cell B4) as the Column input cell.
4.
Apply a custom format to cell D14 to display the text Units Sold/Price in
place of the cell value.
5.
Switch to the Automatic Drip worksheet. Create a Scatter with Straight Lines
and Markers chart based on range D4:F14 in the data table Automatic Drip –
Break-Even Analysis.
6.
Modify the new chart as follows:
7.
8.
a.
Resize and reposition the chart so that it covers the range D15:I30.
b.
Remove the chart title from the chart.
c.
Add Sales and Expenses as the vertical axis title and Units Sold as the
horizontal axis title.
Change the Bounds Axis Options as follows:
a.
Change the Minimum Bounds of the vertical axis to 750000 and the
Maximum Bounds to 1150000.
b.
Change the number format of the vertical axis to Currency with 0
decimal places and $ as the symbol.
c.
Change the Minimum Bounds of the horizontal axis to 9000. (Hint: The
Maximum Bounds should automatically change to 15,000.)
Create two scenarios to compare the costs for stainless steel components and
standard acrylic components in the automatic drip coffee makers as follows:
New Perspectives Excel 2016 | Module 10: SAM Project 1b
a.
In the Scenario Manager, add two scenarios using the data shown in bold
in Table 1 below.
b.
The changing cells for both scenarios are the nonadjacent cells B11 and
B14.
c.
Close the Scenario Manager without showing any of the scenarios.
Table 1: Automatic Drip Coffee Maker Scenario Values
Values
Scenario 1
Scenario 2
Scenario Name
Standard
Stainless_Steel
Auto_Drip_Variable_Cost (B11)
52.00
65.50
Auto_Drip_Fixed_Cost (B14)
260000
360000
9.
Switch to the French Press worksheet. Create a Scatter with Straight Lines
and Markers chart based on range D6:I14 in the data table French Press – Net
Income Analysis.
10.
Modify the new chart as follows:
11.
12.
a.
Resize and reposition the chart so that it covers the range D15:I30.
b.
Remove the chart title from the chart.
c.
Reposition the chart legend to the Right of the chart.
d.
Add Net Income as the vertical axis title and Units Sold as the
horizontal axis title.
e.
Change the colors of the chart to Color 8 (4th row in the Monochromatic
palette). (Hint: Depending on your version of Office, the name of the
color may be different.)
Change the Bounds Axis Options for the new chart as follows:
a.
Change the Minimum Bounds of the vertical axis to -50000 and the
Maximum Bounds to 500000.
b.
Change the number format of the vertical axis to Currency with 0
decimal places and $ as the symbol.
c.
Change the Minimum Bounds of the horizontal axis to 12000 and the
Maximum Bounds to 18000.
Edit the chart series names as follows:
a.
For Series 1, set the series name to cell E5. (Hint: The series name
should automatically update to “=’French Press’!$E$5”.)
b.
For Series 2, set the series name to cell F5.
New Perspectives Excel 2016 | Module 10: SAM Project 1b
13.
c.
For Series 3, set the series name to cell G5.
d.
For Series 4, set the series name to cell H5.
e.
For Series 5, set the series name to cell I5.
Sophia wants to determine whether subcontracting the manufacture of a new
line of espresso makers to suppliers would reduce the costs of the machines.
Switch to the Suppliers worksheet, and then run Solver to solve this problem as
follows:
a.
Set the objective as minimizing the value in cell E10 (Total Costs).
b.
Use the range B4:D4 as the changing variable cells.
c.
Adjust the number of units produced by each company using the following
constraints:
d.
o
E4=10000, the total number of espresso makers produced
o
E10
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