Please provide step by step solution in excel (with formulas) Breaking Even Mountain Cycle specializes in...

Please provide step by step solution in excel (with formulas) Breaking Even Mountain Cycle specializes in making custom mountain bikes. The company founder, PJ Steffan, is having a hard time making the business profitable. Knowing that you have great business knowledge and solid financial sense, PJ has come to you for advice. Project Focus PJ would like you to determine how many bikes Mountain Cycle needs to sell per year to break even. Using Goal Seek in Excel solve using the following: Fixed cost equals $65,000 Variable cost equals $1,575 Bike price equals $2,500

Solutions

Expert Solution

Hence Breakeven Bike quantity = 70.27 = 71 (rounding off to the nearest biggest integer)

Colby Messinger answered 1 year ago

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