SRMR Income Statement Variables and Warming Hut Sales – changes in Condominium Rental Fees, Ski Lift Tickets, and X Game Tickets and Pricing.

Description

Scenario/Summary

This week it seems like everyone needs an answer to a question. The Accounting Manager for Operations has asked you to update some analysis prepared earlier in the year. In an attempt to predict year-end changes in net income, you have been asked to prepare some reports on changes in condominium rental fees, ski lift tickets, and X Game tickets and pricing.

The Sales Department for Luxury Condominiums wants to know how increasing their rental pricing by varying percentages will affect the existing pricing. The manager would like to know how that will increase the Summit Ridge Mountain Resort’s total revenue. A one-variable data table might be good to create these results.

The supervisor in charge of setting prices for lift tickets also needs some help. She wants to price the lift tickets so that they are affordable but yet offer the resort a chance to improve its net income at the end of the season. A one-variable data table might be able to answer this question.

Resort Management has a target income for the X Games. They need help determining the best combination of pricing and quantity of tickets to sell for the X Games to be a success. A two-variable data table might be best to display these results.

And there are more puzzling questions. Resort Management has reviewed variables such as lift ticket prices, restaurant revenues, retail revenues, maintenance costs, and payroll. They would like you to create a Scenario Summary to determine optimistic, mid-range, and pessimistic scenarios for the resort. The Operations Manager would like to know how these changes might affect revenue, expenses, and net income. A Scenario Summary would be a good choice for this analysis.

Last, all of the Warming Hut Management need a little help with some investigation on their data. They have quite a bit of data collected but need some assistance making sense of it. It may be time to polish your skills with Pivot Tables, because the management has many questions and concerns. Your boss is confident about your ability to be creative and customize some Pivot Tables that are unique to each Hut.

What-If questions need solid answers. It is time to provide a professional response.

Deliverables

After completing the steps below, turn in one Excel 2016 workbook. Rename the workbook with your lastname_first initial_Week6_Lab. xlsx. Example: If your name were Jane Doe, your workbook would be Doe_J_Week6_Lab.xlsx.