2016 Excel Grader Project - Accounting
I have already completed this project and received a grade of 85%. However, my instructor does not allow students to review their submissions to understand their errors, although they can resubmit in hopes of improving their grade. I need the step by step mouse clicks and cell inputs to understand my errors. I am attaching both the instructions and the worksheet. The filenames must NOT be changed when returned. I don't just want a completed worksheet. I want a written document with the step by step instructions, mouse clicks, and cell inputs. Thanks so much.
Break-Even Analysis
Extreme H2O
Break-even Analysis for River Float Project
Revenue Number Expenses Revenue Net Income
Average Number of Guests (per day) 75 Guests
Days of Operations per Year 200 30
Price 35
Gross Revenue 40
Expenses 45
Fixed Costs 50
Site Development $28,000 55
Equipment $3,000 60
Insurance $1,250 65
Total Fixed Costs 70
Variable Costs 75
Labor expense (per day) $240 80
Transportation (per guest) $0.75 85
Total Variable Costs 90
Net Income 95
100
&F
PriceAndGuest
Extreme H2O
Break-even Analysis for River Float Project
Two-Variable Data Table
Price
&F
DaysAndPrice
Extreme H2O
Break-even Analysis for River Float Project
&F
Grader - Instructions Excel 2016 Project
YO_Excel16_Ch10_PS2_v3
Project Description:
Extreme H2O is a company that specializes in water sports. It is considering adding some new experiences for its customers. In a nearby community there is a small river that can be used for tubing. The management is trying to figure out how much usage it might receive and where to set the price in order to make a profit. The company seeks to make sure the project would at least break even the first year after development costs. Management has tasked you with developing a worksheet to analyze the situation.
Steps to Perform:
Step
Instructions
Points Possible
1
Start Excel. Open the downloaded spreadsheet named e05ch10_grader_a1_Float.xlsx. Save the file with the name e05ch10_grader_a1_Float_LastFirst, using your last and first name. If necessary, enable the content.
0
2
The company would like a break-even analysis completed. On the Break-Even Analysis worksheet, enter the correct formula to calculate the Gross Revenue in cell D7.
5
3
Enter the correct formula to calculate the Total Fixed Costs in D13.
5
4
Enter the correct formula to calculate the Total Variable Costs in D17.
5
5
Enter the correct formula to calculate the Net Income in D18.
5
6
Management thinks an average of 75 guests a day would be a realistic average. Use Goal Seek to find out what the price would need to be to come out exactly even with 75 guests per day and $0 in Net Income.
10
7
Fill in the Expenses, Revenue, and Net Income columns (range G4:I19) using a data table.
10
8
Format the range G4:I19 as Currency.
5
9
Copy the information in range A3:D18 from the Break-Even Analysis worksheet and paste it in range A4:D19 on the worksheet PriceAndGuest. Keep the source column widths.
5
10
Create a data table to compute Net Income in the range F5:N22. The price (row 6) needs to start at $3 and increase to $10 in $1 increments, and the number of guest (column F) needs to start at 25 and increase in increments of 5.
10
11
Format the data in the data table so any net profit under -$5,000 has a light red background and dark red text, data that is above or equal to -$5,000 and below $5,000 will have a light yellow background and dark yellow text, and anything $5,000 or greater will have a light green background and dark green text.
10
12
Format cell F6 to hide the result of the formula in the cell.
5
13
Copy the information in range A3:D18 from the Break-Even Analysis sheet to the range A3:D18 on the sheet DaysAndPrice. Keep the source column widths.
5
14
Add a scroll bar to the right of the inserted cells in column F that will change the days of operations per year between the values of 200 and 250 one day at a time. Enter the text Days of Operations in cell F4 and center the text.
10
15
Add a scroll bar to the right of the first scroll bar in column I that will change the price between the values of $3 and $10 by $1 increments. Enter the text Price in cell I4.
10
16
Close the spreadsheet and submit the spreadsheet as directed.
0
Total Points
100
Created On: 07/05/2019 1 YO_Excel16_Ch10_PS2_v3
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