Use Goal Seek to find the value for cell C2 that will result in a value of $550,000 for cell B15. Accept the solution.
Question
Use Goal Seek to find the value for cell C2 that will result in a value of $550,000 for cell B15. Accept the solution.
Solution
Sure, here are the steps to use Goal Seek in Excel:
-
Open your Excel workbook and select the worksheet where you want to use the Goal Seek function.
-
Click on the "Data" tab in the ribbon at the top of Excel.
-
In the "Forecast" group, click on "What-If Analysis".
-
A drop-down menu will appear. Select "Goal Seek" from the list.
-
In the Goal Seek dialog box, you need to fill in the following fields:
- "Set cell": This is the cell that you want to change to a specific value. In your case, it's cell B15.
- "To value": This is the value that you want the set cell to have. In your case, it's $550,000.
- "By changing cell": This is the cell that Excel will change to reach the goal. In your case, it's cell C2.
-
After filling in these fields, click "OK".
-
Excel will then calculate and find the value for cell C2 that makes cell B15 equal to $550,000. If Excel finds a solution, it will display a Goal Seek Status dialog box with the results.
-
Click "OK" to accept the solution and close the dialog box. Excel will automatically update the value in cell C2.
Remember, Goal Seek might not find a solution if it's not possible to reach the goal with the given constraints.
Similar Questions
Enter a formula in cell B10 to return a value of 35000 if the Net Profit After Tax (cell B9) is greater than or equal to 470000 or 100 if it is not.
Sales=40,000 variable cost=20% Fixed cost=30000 using Goal Seek analysis find the profit when sales is Rs.80000 Options : 34000 30000 22000 32000 excel solution
Goal Seek changes the value of on cell by modifying:Group of answer choicesOnly one other cellMultiple cellsA Scenario SummaryA Pivot Table
Enter a formula in the selected cell to calculate the profit projection for 2022: total sales (cell F4) minus the cost of goods sold (cell F5).
Multiple Choice QuestionA division has residual income of $350,000. If the division has income of $600,000 and $2,500,000 in average assets, what is the target income %?Multiple choice question.8%15%10%25%
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.