## 13 Jan Excel_8G_Income_Model

Excel_8G_Income_Model

## Project Description:

In this Project, you will assist Kelsey Tanner, CFO of Brina’s Bistro, and use a worksheet model and Solver to create several scenarios that would result in breaking even four months after opening.

On the Projected Income   worksheet, change the value in cell B15 to 6 and press ENTER—in the green shaded area, Sales now indicates \$276,806 and the Gross Profit/Loss indicates (\$4,015).   Note that these match the figures under Month 6 in cells H3 and H10 respectively.   Management wants to create several scenarios that would result in breaking   even six months after opening.

Ensure that the Solver add-in is   installed. Change the value in cell B16 to 11% and press ENTER. Open Solver. Set the objective   cell as \$b\$20   to a Value Of 0 and set the Variable Cells to \$b\$16,\$b\$18 (be sure to type the comma   between the two cell references) to change both the growth rate in cell B16   and the costs related to Sales % in cell B18. Click Solve. Save this scenario   as 11%   Growth and then   restore the original values.

Display the Solver Parameters   dialog box again. Add a constraint that requires Percent growth in cell B16   to be less than or equal to 10% Click Solve, and then save this scenario as 10% Growth Restore the original values.

Display the Solver Parameters   dialog box again. Delete the existing constraint and add a constraint for the   Costs related to sales in cell B18 to be equal to 85% Click Solve, save the scenario as 85% Costs and then restore the original   values.

With the Projected Income   worksheet displayed, create a scenario summary worksheet. As the result cell,   click cell B20. Redisplay the Projected Income worksheet. Change the value in   cell B15 back to 1 and change the value in cell B16 back to 10%

On the Projected Income   worksheet, create a Line chart using the noncontiguous ranges A2:M3 and   A8:M8.

Change the Chart Title to Expected   Break-Even Point   Position the chart so that the upper left corner of the chart aligns with the   upper left corner of cell B22. Click cell A1 to deselect the chart and move   to the top of the worksheet.

Ensure that the Analysis ToolPak   add-in is installed. Display the Sales worksheet. Create a Moving Average   using the sales B2:B49 as the input range, 7 as the Interval, C3 as the Output Range, and   selecting the Labels in First Row and Chart Output check boxes.

Select the chart, and then move   the chart to a new sheet named Sales Trend Chart

On the Sales Trend Chart   worksheet, click one time to select the Horizontal (Category) Axis Labels,   display the Select Data Source dialog box, click to Edit the Horizontal   (Category Axis Labels), if necessary display the Sales worksheet, and then   select the range A9:A49 from the Sales worksheet. On the Sales Trend Chart   worksheet, change the date format used for the Horizontal (Category) Axis   labels to the 3/14 Date format.

On the Sales Trend Chart   worksheet, change the Horizontal (Category) Axis title to Date On the Vertical (Value) Axis,   set the Minimum to 4000 Click outside of the chart to   deselect it. On this chart sheet, insert a custom footer with the file name   in the left section.

On the Schedules worksheet, in   cell F3, enter a COUNTIFS function to count the number of Day shifts each   server is scheduled to work. Defined names exist for SERVER and SHIFT and the   order is SERVER, cell E3, SHIFT, and "Day." Copy the formula down   to cell F19.

In the range I3:I19, enter an   AND function to determine which servers are scheduled for 2-5 day shifts.

In cell J3, enter a COUNTIFS   function to calculate the number of Monday shifts each server is scheduled to   work. Edit the formula in cell J3 by adding a second COUNTIFS function to   calculate the number of Tuesday shifts each server is scheduled to work. Copy   the formula down through cell J19. Defined names exist for the range SERVER   and DAY.

In cell K3, enter an IF function   with a nested AND function to determine which employees are scheduled for at   2-5 shifts, including a Monday or Tuesday. The function should return the   world Eligible if true and leave the cell   blank if false. Copy the formula down through cell K19.

Display the Service Awards   worksheet. Servers earn a cash award when the number of Comment Cards from   customers with a positive comment is 20 or more per month. In cell C3, enter   an IFS function by using the Function Arguments dialog box to compute the   cash award based on the following: Comments of 30 or more earn a bonus of   \$75; Comments of 25 or more but less than 30 earn a bonus of \$50; Comments of   20 or more but less than 25 earn a bonus of \$25; if conditions are not met,   leave the cell blank. Copy the formula down through cell C19. Ten awards   display as the result.

Ensure that the worksheets are   correctly named and placed in the following order in the workbook: Scenario   Summary, Projected Income, Sales Trend Chart, Sales, Schedules, and Service   Awards. Save and close the file and then submit for grading.

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