1. 2. Open the PlacerHills-09 start file. The file will be renamed automatically to include your name. Change the project file name if directed to do so by your instructor Enable the content security warning. 3. Review formulas. a. Select cell C14 on the Calculator worksheet. The total commission is calculated by multiplying the selling price by the commission rate. b. Select cell C15. The IFS function checks the selling price (C12) to determine the split percentage (column D) based on the price group. c. Select cell C16. The IFS function checks the selling price (C12) to determine the administrative fee percentage (column E) and multiplies that percentage by the value in cell C15 to calculate the fee in dollars. d. Select cell C17. The net commission is calculated by subtracting the fees from the PHRE amount. 4. Build one-variable data tables. a. Select cell C20 and create a reference to cell C15. b. Select cell D20 and create a reference to cell C17. Both formulas depend on cell C12, the one variable. c. Use cell D8 as the column input for the data table (Figure 9-87). (You can use any percentage from column D because its value is replaced by the proposed rates in column B in the data table.) Figure 9-87 Data table setup for commission rates d. Decrease the decimal two times for all values in the data table. 5. Name cell ranges. a. 6. Click the Price Solver worksheet tab. b. Click cell C12 and name the range Selling_Price. You cannot use spaces in a range name. c. Name cell C14 as Total_Commission and cell C17 as PHRE_Commission. Install the Solver Add-in and the Analysis ToolPak. 7. Use Solver to find target PHRE net commission amounts. a. Build a Solver problem with cell C17 as the objective cell. For the first solution, set the objective to a value of 50000 by changing cell C12. Use the GRG Nonlinear solving method. Save the results as a scenario named $50,000. b. Restore the original values and run another Solver problem to find a selling price for a PHRE commission of 75000. Save these results as a scenario named $75,000. c. Restore the original values and run a third Solver problem to find a selling price for a net commission of $100,000. Save these results as a scenario and restore the original values. 8. Manage scenarios. a. Show the $50,000 scenario in the worksheet. b. Create a Scenario summary report for cells C12, C14, and C17. 9. Create a histogram for recent sales. a. Click the Sales Forecast sheet tab and select cell G13. b. Create a bin range of 10 values starting at 350,000 with intervals of 50,000, ending at 800,000 in cell G22. c. Use the Analysis ToolPak to create a histogram for cells E5:E26. Do not check the Labels box and select the bin range in your worksheet. d. Select cell H3 for the Output Range and include a chart. e. Position and size the chart from cell K3 to cell V19. f. Edit the horizontal axis title to display Selling Price and edit the vertical axis title to Number of Sales. g. Edit the chart title to display Sales by Price Group. h. Select and delete the legend. i. Delete cells G13:G22 (Figure 9-88). Figure 9-88 Histogram and chart for sales data 10. Save and close the workbook (Figure 9-89). Commission Split Calculator Price Group 1 2 3 4 Minimum Price $ $ $ $ 1,500,000 5,500,000 9,500,000 Selling Price Commission Rate Total Commission PHRE Fee Calculation Net Commission $ $ $ $ $ $ $ $ $ Proposed Split 30% 35% 40% 45% 50% 55% 60% 65% Maximum Price 1,499,999 5,499,999 9,499,999 13,499,999 Current Splits 50% 50% 45% 45% 2,750,000 6% 165,000 82,500 2,475 80,025 Before Fees After Fees Estimated Fees 2.5% 3.0% 3.0% 3.0% Commission Split Calculator Price Group 1 2 3 4 Minimum Price $ $ $ $ 1,500,000 5,500,000 9,500,000 Selling Price Listing Commission Total Commission PHRE Split Fee Calculation Net Commission $ $ $ $ $ $ $ $ $ Maximum Commission Price Split 1,499,999 50% 5,499,999 50% 9,499,999 45% 13,499,999 45% 4,500,000 6% 270,000 135,000 3,375 131,625 Fees 2.5% 3.0% 3.0% 3.0% December 7 Address City Sq Ft Closing Date Sale Price 3420 Milburn Street Rocklin 1900 9/8/2020 $570,000 2128 Wedgewood Roseville 1184 9/15/2020 $355,200 4336 Newland Heights Drive Rocklin 1840 9/22/2020 $552,000 131 Aeolia Drive Auburn 1905 9/29/2020 $571,500 12355 Krista Lane Auburn 2234 10/6/2020 $670,200 1096 Kinnerly Lane Lincoln 1948 10/13/2020 $584,400 272 Lariat Loop Lincoln 1571 10/20/2020 $471,300 1255 Copperdale Auburn 1456 10/27/2020 $436,800 324 Center Point Roseville 1480 11/3/2020 $444,000 411 Marion Street Auburn 1950 11/10/2020 $585,000 17523 Oleander Sacramento 2100 11/17/2020 $630,000 1044 Lake Street Elk Grove 1755 11/24/2020 $526,500 15802 Centennial Davis 1950 12/1/2020 $585,000 14313 Clearview Sacramento 2200 12/8/2020 $660,000 12222 South Ann Street Elk Grove 2100 12/15/2020 $630,000 2330 West 120 Street Davis 1700 12/22/2020 $510,000 7240 Westbrook Drive Sacramento 1900 12/29/2020 $570,000 419 Harlem Avenue Elk Grove 2000 1/5/2021 $600,000 9023 Evergreen Lane Davis 1850 1/12/2021 $555,000 4230 Madison Street Sacramento 1900 1/19/2021 $570,000 1330 Harrison Street Elk Grove 2100 1/26/2021 $630,000 401 Lombard Avenue Davis 1650 2/2/2021 $495,000
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