bis 155,devry bis 155,devry bis 155 complete course,devry bis 155 entire course,bis 155 final exams,devry bis 155 week 1,devry bis 155 week2,devry bis 155 week 3,devry bis 155 week 4,devry bis 155 week 5,devry bis 155 week 6,devry bis 155 tutorials,devry bis 155 assignments,bis 155 help

1. DEVRY BIS 155 iLab 6 (Week 5) Day Care Center NEW
Check this A+ tutorial guideline at
http://www.assignmentcloud.com/bis-155-devrv/bis-155-ilab-
6-dav-care-center-new
For more classes visit
http:// ww.assignmentcloud.com/
www.assignmentcl
oud.com
DEVRY BIS 155 iLab 6 (Week 5) Dav Care Center NEW
Scenario/Summary
Your friend, Adair Deske, is considering opening a day care center. She
has started compiling her assumptions and putting together an Income
Statement. She has determined that she must make at least $75,000
profit per year in order to start the business. She has asked you to
analyze her Income Statement and help her determine whether it is
viable for her to start this business. You have agreed to help her
complete her Income Statement and to perform What-If analysis to
help her look at her potential profitability.

2. When submitting the workbook to the Dropbox, provide a comment
in the Dropbox comments area explaining what you learned from
completing this iLab activity.
Lab Steps
STEP 1: Open Worksheet and Complete the Income Statement
Adair needs your help in completing her Income Statement. She has
provided the basic assumptions, but you need to provide the
calculations that will be used as you perform What-If analysis.
Week!
N
xlsx. Notice
has provided the basic assumptions concerning her costs and her
revenue.
B. Complete the following calculations.
Revenue
Total Revenue: Multiply tuition per day times number of days by
number of children.
Variable expenses are those expenses that will depend on the number
of children served each year. Jane has provided the assumptions.
Define annual costs based on the cost per day multiplied by the
number of children multiplied by the number of days.
Food Expenses

3. • Supply Expenses
Teacher Cost: Create a VLOOKUP function to determine the annual
teacher cost. The Lookup Value is the number of children. The Lookup
Table is in cells E3:F7. The Index Column is the second column in the
table. You want the closest match. Multiply the LOOKUP function
times the annual teacher salary.
Total Variable expenses: This will be the SUM of all of the Variable
Expenses (B17:B19).
Summary. Use formulas in these cells because you will wish to
change the values in your assumption section to see how these
changes
impact the Net Income.Total Revenue should refer to the Total Revenue ce l (B14).
is Vari.,
Tota, Expens the lotal Revenue ce l (B14). Costs
+ Fixed Cost.
Net Income is Total Revenue - Total Expense
C. Rename the file according to the file naming conventions as shown
at the top of this page.
Your Income Statement should look like the one below, but it is
important that you have created formulas rather than typing in
amounts. As you perform What-If analysis, the formulas will be
recalculated to show you the results of changing assumptions.
Image Description

4. STEP 2: Analyze the Difference in Total Expenses and Net Income
When You Vary the Number of Students
Adair desires to look at the differences in her net income depending
on the number of children she cares for. Her house will accommodate
no more than 15 children, and she believes she should have no less
than six children. Because you are varying only one of your
assumptions, you can develop a one-variable data table. A one-
variable data table will allow you to see the impact of changing one
variable—and see the results on multiple outputs.
A. Set up the Data Table to display number of children from 6 through
WWW15
- A
descr
en from 6 thr
itle to the Data Table
.
B. Show the Expenses and Net Income for each change in number of
children.
C. Populate the Data Table using the Data tab, What-If analysis,
Data
Table tool.
D. Apply Conditional Formatting to Net Income that is above
$75,000.
Your final Data Table should look something like this.STEP 3: Analyze the Difference in Net Income When You Vary the
Number of Students and the Charge Per Student

5. Adair also wishes to look at the impact on Net Income when she
varies the number of students and the charge per student. Use a two-
variable data table to analyze.
A. Set up the Data Table to display number of children as the row
input (6-15) and charge per student (35-75 in $5 increments) as the
column input.
NOTE: In a Data Table, the information in the top row of the table is
called the row input and the information in the first column of the
table is called the column input. We usually think of the top row in
Excel as a column header and the labels in the first column as row
labels, so this may seem a bit confusing. Just remember, in a Data
Table, the top row is row input; first column is column input.
..E„,.rN
.,r.,n
,h
„.s:.<:,a,an
«,or
m„.h
«e„1,od
,s„,a
v
C. Add a descriptive heading.
D. Create the data table and apply conditional formatting to Net
Income values over $75,000.
Your Data Table will look something like this.
STEP 4: Create Scenarios and a Scenario Summary
Adair wants to look at three scenarios. Be sure to save each scenario
with a unique name, and place the name of the scenario on the sheet,
so that when the scenario changes, the name on the sheet changes to
match the scenario.

6. Scenario Teacher Salary Supplies Number Tuition
1. Economy 15,000 25 15 35
2. Midrange 26,000 60 8 50
3. High 38,000 100 6 100
She wants to see the Net Income that would be achieved in each
Scenario and compare this to her original assumptions.
A. Name the cells that will be used in the Scenario.
B. Create the three Scenarios.
C. Create a Scenario Summary.
D. Move the Scenario Summary to the end of the workbook.
www.assignmentcl
oud.com
STEP 5: Create a Documentation Sheet and Provide a
Recommendation
A. Add a documentation sheet to the beginning of the workbook.
Include Author, date Created, Last Modified, and Contents sections.
B. Provide a recommendation to Adair.
C. Format the documentation sheet to match the look and feel of the
other sheets in the workbook.
D. Add a graphic to the documentation sheet.

7. Submit your completed workbook to the Dropbox. Make sure you
post a comment about what you learned when submitting the file.
IMPORTANT: There are two iLabs this week, and there is a separate
Dropbox basket for each one. Be sure to submit your work for this
iLab to the Dropbox basket labeled Week 5: iLab 6.
www.assignmentcloud.com

8. www.assignmentcloud.com