Complete the Excel Application Exercise (7-17 Excel Application on page 223) at the end of Chapter 7 from

Introduction to Information Systems

.

Solutions to Application Exercises

I need an excel sheet

7-17. Excel Application: Analyzing Revenue and Expenses for City Hospital Seminars

Figure 7-25 shows the Excel spreadsheet that Bora uses to evaluate the variables relating to the hospital seminar series. She has asked you to use Excel to create a similar spreadsheet to conduct additional what-if and goal seek analyses. You will need to use the following formulas:

Figure 7-25

The hospital seminar series data.

Revenue:

Registration Fees = Attendees per seminar Ãƒâ€” Registration fee Ãƒâ€” Seminars per year

Parking Fees = (Attendees per seminar / Average number attendees per car) Ãƒâ€” Seminars per year Ãƒâ€” Parking

Ã¢â‚¬â„¢

Fees = SpeakerÃ¢â‚¬â„¢s fee per session Ãƒâ€” Seminars per year

Tech support = Tech support cost per session Ãƒâ€” Seminars per year

Marketing = Marketing cost per seminar Ãƒâ€” Seminars per year

Room rental = Room rental per seminar Ãƒâ€” Seminars per year

What-If Questions

What would be the impact on net profit if the average attendance per seminar increased to 45?

Profit will increase to $6,180 if average attendance per seminar is increased to 45.

What would be the impact on net profit if the average attendance dropped to 35?

Profit will decrease to $1,740 if average attendance dropped to 35.

What would be the impact on net profit if parking fee is reduced to $3?

Profit will decrease to $3,576 if the parking fee is reduced to $3.

What would be the impact on net profit if the speakerÃ¢â‚¬â„¢s fee increased to $550 per seminar?

Profit will decrease to $3,360 if the speakerÃ¢â‚¬â„¢s fee is increased to $550 per seminar.

What would be the impact on net profit of increasing the marketing expense per seminar to $350, resulting in an increase in average attendance per seminar to 50?

Profit will increase to $7,200 if marketing expenses increase to $350 per seminar and attendance increases to 50 attendees per seminar.

What would be the impact on net profit of an increase in room rental per seminar to $300?

Profit will decrease to $3,360 if room rental per seminar increases to $300.

If Bora can negotiate a room rental fee of $160 per seminar, how much will net profit increase?

Profit will increase to $5,040 if the room rental fee is decreased to $160 per seminar.

If technical support is included in the room rental per seminar, what is net profit?

Profit will increase to $5,760 if technical support is included in the room rental per seminar.

Goal Seek Questions

1. Given the expenses and variables presented in the figure, how many attendees per seminar are required to generate a net profit of $5,500?

Given the expenses and variables as presented, it requires 43 attendees per seminar to generate net profit of $5,500.

2. What parking fee results in a net profit of $4,150?

A parking fee of $600 results in a net profit of $4,150.

3. What registration fee per attendee results in a net profit of $5,750?

A registration fee of $39 per attendee results in a net profit of $5,750.