What-If Analysis and Scenarios

Any help would be appreciated. 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: 2.Create a one-variable data table to calculate sales, expenses, and profits based on the number of single cup coffee makers sold as follows: 3.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: 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.Change the Bounds Axis Options as follows: 8.Create two scenarios to compare the costs for stainless steel components and standard acrylic components in the automatic drip coffee makers as follows: 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.Change the Bounds Axis Options for the new chart as follows: 12.Edit the chart series names as follows: 13.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: 14.Switch to the All Products worksheet. Use the Scenario Manager to create a Scenario Summary report that summarizes the effect of the No Change, Subcontract, and Raise Prices 10% scenarios. Use cells B17:D17 as the result cells. Delete column D of the Scenario Summary worksheet because it repeats data already shown. 15.Switch back to the All Products worksheet. Use the Scenario Manager as follows to compare the profit per unit in each scenario: 16.Add a PivotChart to the Scenario PivotTable worksheet as follows:
np_ex16_10b_heatherkratzer_2.xlsx

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Author:
Note: Do not edit this sheet. If your name does not appear in cell B6, please download a new copy of the file from
New Perspectives Excel 2016 | Module 10: SAM Project 1b
Cortona Coffee Makers
WHAT-IF ANALYSES AND SCENARIOS
Heather Kratzer
dit this sheet. If your name does not appear in cell B6, please download a new copy of the file from the SAM website.
e SAM website.
Cortona Coffee Makers – Single Cup Models
Sales
Units Sold
Price Per Unit
Total Sales
Expenses
Variable Expenses
Units Manufactured
Variable Cost per Unit
Total Variable Costs
Fixed Expenses
Total Fixed Cost
Expenses – Total
Total Expense Per Unit Sold
Profit
Total Sales
Total Expenses
Gross Profit
Break-even Analysis
Price per Unit
Cost Per Unit
Units Sold
Gross Profit
$
$
16.000
99,99
1.599.840,00
$
$
16.000
79,00
1.264.000,00
$
$
$
200.000,00
1.464.000,00
91,50
$
$
$
1.599.840,00
1.464.000,00
135.840,00
$
$
99,99
91,50
16.000
135.840,00
$
Single Cup Coffee Makers – Profit Analysis
Units Sold
Total Sales
Total Expenses Gross Profit
6.000
11.000
16.000
21.000
26.000
$
135.840 $
6.000
11.000
16.000
21.000
26.000
69,99 $
Single Cup Coffee Makers – Gross Profit Analysis
79,99 $
89,99 $
99,99 $
109,99
$
119,99 $
129,99
Cortona Coffee Makers – Automatic Drip Models
Sales
Units Sold
Price Per Unit
Total Sales
Expenses
Variable Expenses
Units Manufactured
Variable Cost per Unit
Total Variable Costs
Fixed Costs
Total Fixed Cost
Expenses – Total
Total Expense Per Unit Sold
Profit
Total Sales
Total Expenses
Gross Profit
Break-even Analysis
Price per Unit
Cost Per Unit
Units Sold
Gross Profit
$
$
12.500
79,99
999.875,00
$
$
12.500
52,00
650.000,00
$
$
$
260.000,00
910.000,00
72,80
$
$
$
999.875,00
910.000,00
89.875,00
$
$
79,99
76,76
10.500
33.895,00
$
Automatic Drip – Break-Even Analysis
Units Sold
Total Sales
12.500
999.875
10.000
799.900
10.500
839.895
11.000
879.890
11.500
919.885
12.000
959.880
12.500
999.875
13.000
1.039.870
13.500
1.079.865
14.000
1.119.860
ls
atic Drip – Break-Even Analysis
Total Expenses Gross Profit
910.000
89.875
780.000
19.900
806.000
33.895
832.000
47.890
858.000
61.885
884.000
75.880
910.000
89.875
936.000
103.870
962.000
117.865
988.000
131.860
Cortana Coffee Makers – French Press Models
Sales
Units Sold
Price Per Unit
Total Sales
Expenses
Variable Expenses
Units Manufactured
Variable Cost per Unit
Total Variable Costs
Fixed Costs
Total Fixed Cost
Expenses – Total
Total Expense Per Unit Sold
Profit
Total Sales
Total Expenses
Gross Profit
Break-even Analysis
Price per Unit
Cost Per Unit
Units Sold
Gross Profit
$
$
15.500
55,99
867.845,00
$
$
15.500
39,00
604.500,00
$
$
$
180.000,00
784.500,00
50,61
$
$
$
867.845,00
784.500,00
83.345,00
$
$
55,99
53,40
12.500
32.375,00
$
French Press – Net In
Average Price
Units Sold
$
13.000
13.500
14.000
14.500
15.000
15.500
16.000
16.500
17.000
55,99
40.870
49.365
57.860
66.355
74.850
83.345
91.840
100.335
108.830
French Press – Net Income Analysis
Average Price per Unit
$
60,99 $
65,99 $
105.870
170.870
116.865
184.365
127.860
197.860
138.855
211.355
149.850
224.850
160.845
238.345
171.840
251.840
182.835
265.335
193.830
278.830
70,99 $
235.870
251.865
267.860
283.855
299.850
315.845
331.840
347.835
363.830
75,99
300.870
319.365
337.860
356.355
374.850
393.345
411.840
430.335
448.830
Cortona Coffee Makers – Espresso Maker Suppliers
Viva Domestics
Units Produced
Fixed Costs
Fixed Cost per Unit
Variable Costs
Variable Cost per Unit
Total Costs
Minimum Total Cost Model
Allgood Universal
2.300
$
$
50.000,00 $
21,74
143.060,00
62,20
193.060 $
SPQ Worldwide
3.600
60.000,00 $
16,67
231.300,00
64,25
291.300 $
4.100
75.000,00
18,29
268.550,00
65,50
343.550 $
Total
10.000
827.910
Cortona Coffee Makers – Product Mix
Single Cup
Automatic Drip
Revenues
Units Sold
Price Per Unit
Total Sales
$
$
16.000
109,99 $
1.759.840,00 $
Cost of Goods Sold
Units Manufactured
Fixed Costs
Variable Cost per Unit
Variable Costs
Total Costs
$
$
$
$
16.000
200.000,00
79,00
1.264.000,00
1.464.000,00
Total Profit
Profit per Unit Sold
$
$
$
$
$
295.840 $
$18,49
French Press
12.500
87,99 $
1.099.875,00 $
12.500
260.000,00
52,00
650.000,00
910.000,00
$
$
$
$
189.875 $
$15,19
15.500
60,99
945.345,00
15.500
180.000,00
39,00
604.500,00
784.500,00
160.845
$10,38
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<=900000, the maximum total cost o B4:D4<=4200, the maximum number of espresso makers produced by a single supplier o B4:D4 should be an Integer Run Solver, keep the solution, and then return to the Solver Parameters dialog box. Save the model to the range A14:A21, and then close the Solver Parameters dialog box. 14. Switch to the All Products worksheet. Use the Scenario Manager to create a Scenario Summary report that summarizes the effect of the No Change, Subcontract, and Raise Prices 10% scenarios. Use cells B17:D17 as the result cells. Delete column D of the Scenario Summary worksheet because it repeats data already shown. 15. Switch back to the All Products worksheet. Use the Scenario Manager as follows to compare the profit per unit in each scenario: 16. a. Create a Scenario PivotTable report for result cells B17:D17. b. Remove the Filter field from the PivotTable. c. Change the number format of the Profit_per_Unit_Sold_Single_Cup, Profit_per_Unit_Sold_Auto_Drip, and Profit_per_Unit_Sold_French_Pre fields (located in the Values box of the PivotTable Field List) to Currency with 2 decimal places and $ as the symbol. d. Use Single Cup as the row label value in cell B3, Auto Drip as the value in cell C3, and French Press as the value in cell D3. e. In cell A1, use Profit per Unit Sold as the report title. f. Format the report title using the Title cell style. g. Resize column A using AutoFit. Resize columns B-D to 15.00. Add a PivotChart to the Scenario PivotTable worksheet as follows: New Perspectives Excel 2016 | Module 10: SAM Project 1b a. Create a Clustered Column PivotChart based on the PivotTable. [Mac Hint: PivotCharts are not available on Excel 2016 for the Mac, so insert a Clustered Column chart and adjust the data, and the legend and axis formatting to match Final Figure 6.] b. Resize and reposition the chart so that it covers the range A8:D22. c. Hide all the field buttons in the chart. [Mac Hint: PivotCharts are not available on Excel 2016 for the Mac, so Mac users can ignore this instruction.] Your workbook should look like the Final Figures below. Save your changes, close the workbook, and then exit Excel. Follow the directions on the SAM website to submit your completed project. Final Figure 1: Single Cup Worksheet New Perspectives Excel 2016 | Module 10: SAM Project 1b Final Figure 2: Automatic Drip Worksheet New Perspectives Excel 2016 | Module 10: SAM Project 1b Final Figure 3: French Press Worksheet New Perspectives Excel 2016 | Module 10: SAM Project 1b Final Figure 4: Suppliers Worksheet New Perspectives Excel 2016 | Module 10: SAM Project 1b Final Figure 5: Scenario Summary Worksheet Final Figure 6: Scenario PivotTable Worksheet New Perspectives Excel 2016 | Module 10: SAM Project 1b Final Figure 7: All Products Worksheet ... Purchase answer to see full attachment

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