FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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[The following information applies to the questions displayed below.]
This Applying Excel worksheet includes an explanation of the Goal Seek function and the PMT formula.
Keeping all other data the same as in the original example, change the targeted operating income goal for the quarter, units sold for
January and February, and price per unit and variable expense per unit for all three months to match the information below
Targeted operating income for the quarter = $11,400
Income Statement
Units Sold
Price per unit
Variable expense per unit
Total number of units to sell in March
January
1,140
a Search
February March
890
$ 6.00
$6.00
$6.00
$ 2.00 $ 2.00 $2.00
Required:
2a. Using Goal Seek in Excel, determine the total number of units Jim needs to sell in March in order to meet his targeted operating
income for the quarter. (Round your answer up to the nearest unit.)
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Transcribed Image Text:Required information [The following information applies to the questions displayed below.] This Applying Excel worksheet includes an explanation of the Goal Seek function and the PMT formula. Keeping all other data the same as in the original example, change the targeted operating income goal for the quarter, units sold for January and February, and price per unit and variable expense per unit for all three months to match the information below Targeted operating income for the quarter = $11,400 Income Statement Units Sold Price per unit Variable expense per unit Total number of units to sell in March January 1,140 a Search February March 890 $ 6.00 $6.00 $6.00 $ 2.00 $ 2.00 $2.00 Required: 2a. Using Goal Seek in Excel, determine the total number of units Jim needs to sell in March in order to meet his targeted operating income for the quarter. (Round your answer up to the nearest unit.) < Prev 3 Check m of 3 Next
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