Your friends, Elijah and Valerie Foglesong, want to build their dream house. They identified tentative costs, but they cannot afford the $414,717 estimated cost. You will use Goal Seek to determine an estimate of the total finished square footage they can afford. To help provide more flexibility in their decision-making, you will create a data table listing various finished square footages and their effects on the base house cost and total cost. Finally, you will create another data table showing combinations of square footages and lot prices to identify total costs.
Start Excel. Download and open the file named Exp19_Excel_Ch06_ML1_HW-Housing Cost.xlsx. Grader has automatically added your last name to the beginning of the filename.
Assign the range names B9 (Base), B15 (Interior), B21 (Exterior), B23 (Lot).
Enter a formula in cell B25 to calculate the total estimated cost. The total estimated cost is the sum of the base house price (B9), total interior upgrades (B15), total exterior upgrades (B21), and lot fee (B23). Be sure to use range names in the formula.
Use Goal Seek to determine the total finished square footage(B7) to meet the total cost goal of $350,000.
Enter a series of total square footage ranging from 1,800 to 3,600 in increments of 200 in the range D6:D15. Apply Blue font and Comma Style with zero decimal places to the series.
Enter a reference to the base house price in cell E5 and a reference to the total estimated cost in cell F5.
Complete the single variable data table in the range D5:F15. Be sure to use total square footage as the column input. Apply Custom number formats to give appropriate descriptions to the second and third columns. Apply these formats to the headings: bold, center, and Blue font color.
Identify the square footage, base price, and total cost in the data table that comes closest to their goal. Apply Yellow fill color to those cells.
Copy the square footage substitution values, range D6:D15 to the range H6:H15 and remove the fill color. Enter these lot price substitution values in the range I5:K5: 90000, 96000, and 102675. Format these values with Accounting Number Format with zero decimal places and Blue font color.
Enter the reference to the total estimated cost in the appropriate location for the second data table. Apply a custom number format to display Total Sq Ft in that cell. Apply Blue font and bold to that cell.
Complete the two-variable data table using total square footage as the Column Input and lot price as the Row Input. Apply a Custom number format to the reference to the formula cell. Apply Yellow fill color to the total price in each column that comes closest to their goal.
Format results in both tables with Accounting Number Format with zero decimal places.
Create a scenario named Ideal Costs, using Base price per square foot and Lot fee (use cell references). Enter these values for the scenario: 80, 102,675.
Create a scenario named Increased Costs, using Base price per square foot and Lot fee (use cell references). Enter these values for the scenario: 100, 110,000.
Create a scenario named Low Costs, using Base price per square foot and Lot fee (use cell references). Enter these values for the scenario: 60, 80,000.
Generate a scenario summary report using the cell references for Price per square foot and Lot Fee. Add the appropriate formatting to the newly created report
Save and close Exp19_Excel_Ch06_ML1_HW-Housing Cost.xlsx. Exit Excel. Submit the file as directed.
Why Work with Us
Top Quality and Well-Researched Papers
We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.
Professional and Experienced Academic Writers
We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.
Free Unlimited Revisions
If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.
Prompt Delivery and 100% Money-Back-Guarantee
All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.
Original & Confidential
We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.
24/7 Customer Support
Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.
Our Services
No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.
Essays
No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.
Admissions
Admission Essays & Business Writing Help
An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.
Reviews
Editing Support
Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.
Reviews
Revision Support
If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.