Exam (elaborations)

C268 Practice Exam Case Questions 100% Plus Correctly answered and Graded A++

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Course
Business finance

Institution
Business Finance

Assume you have made the first 36 payments on your loan. You want to trade the car in for a new car. You believe that you can sell your car for $4000. Will this cover the balance remaining on the car in period 36? Answer either "Yes" or "No" in cell G15 from the drop-down menu. - CORRECT ANSWE...

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Uploaded on August 17, 2024
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Type Exam (elaborations)
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business finance

Institution Business finance
Course Business finance

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C268 Practice Exam Case Questions 100% Plus

Correctly answered and Graded A++

Assume you have made the first 36 payments on your loan. You want to trade the car in for a

new car. You believe that you can sell your car for $4000. Will this cover the balance remaining

on the car in period 36? Answer either "Yes" or "No" in cell G15 from the drop-down menu. -

CORRECT ANSWER ✔✔ -No

Calculate the "Net Profit" portion of the "Profit Summary" section of the model by subtracting

the arena fee from the profit before the arena fee. - CORRECT ANSWER ✔✔ -=C35-C36

Calculate the commissions paid for each product type. The commissions paid are calculated as

the expected sales for each product type times the commission percentage from the "Model

Inputs" section of the model. - CORRECT ANSWER ✔✔ -=C15*C5

Calculate the cost of goods sold (COGS) for each product. The COGS is calculated as the sales

for each product type times the COGS percentage from the "Model Inputs" section of the model

for that product type. - CORRECT ANSWER ✔✔ -=C15*C4

Calculate the gross profit for each product. The gross profit is calculated as the sales minus the

COGS for each product. - CORRECT ANSWER ✔✔ -=C15-C16

Calculate the number of employees that are needed to work the event for each type of product.

This is calculated as the profit before the arena fee for each type of product, times the employees

(% of expected profit) for each product type from the "Model Inputs" section of the worksheet.

, Because you cannot hire a fraction of an employee, round your calculations up to the next whole

number. - CORRECT ANSWER ✔✔ -=ROUNDUP(C26*C7,0)

Calculate the payment amount for the loan in cell C15. Reference the cells containing the

appropriate loan information as the arguments for the function you use. Cells C20-C67 in the

"Payment" column are populated with the payment amount from cell C15. [34 Points] -

CORRECT ANSWER ✔✔ -=PMT(Rate/#months of term,LoanAmt)

=PMT(C13/12,C12,C11)

Calculate the profit before the arena fee for each product type. This is the gross profit minus the

total operating expenses for each type of product, including the salary expenses (yet to be

calculated). - CORRECT ANSWER ✔✔ -=C17-C24

Calculate the salary expenses for each product type. This is calculated as the number of

employees needed for each product type times the salary (per employee) in the "Model Inputs"

section. (Employees make the same salary despite the product type.) This will create a circular

reference in your worksheet. You will need to change the options in Excel to appropriately

account for the circular reference. - CORRECT ANSWER ✔✔ -=C28*$C$8

Calculate the total interest paid in cell G13. The total interest paid is the sum of all interest paid

in the "Interest" column of the amortization table. - CORRECT ANSWER ✔✔ -

=SUM(D20:D67)

Calculate the total operating expenses for each product type. This is the sum of salary expenses

(yet to be calculated), commissions, and the fixed costs for each product type. - CORRECT

ANSWER ✔✔ -=SUM(C21,C22,C23)

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