your completed business report and accompanying Excel file.
The final area you have been asked to evaluate is related to the company’s feasibility to produce a new product, an ottoman. The management team wants to understand the quantity and sales needed for this product to be profitable. To determine this, you decide to conduct a break-even analysis to calculate the number of ottomans and the total sales needed for the company to break even. In Doc Sharing, your Instructor will provide you with a scenario for The Better Chair Company to use for this part of the Assignment.
To complete this part, address the following:
Using the Week 5 Part 2 Assignment Template and the data provided by your Instructor in the Doc Sharing area, calculate the number of sales per month (i.e., the number of ottomans and total dollar amount) the company will need to make in order to break even.
Note: In addition to submitting your work in Excel, include your calculations within your report by copying and pasting the information from Excel.
Synthesize the results of your calculations to determine the feasibility of the company to make a profit based on the sales & marketing projections and recommend solutions to the management team that would help to ensure profitability for the ottoman project.
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