Understanding of key relationship in both known parameters

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Reference no: EM132233764

1. Successful Decision Modeling requires an understanding of key relationship in both known parameters, variables and results. Choose the relevant category for the following value: Selling Price

A. Known Parameter

B. Result

C. Other

2. Future Decision Modeling will require a strong understanding of these common financial formulas. Determine the missing value: Annual Profit = ___________________________________ Annual Total Cost

A. Variable Cost

B. Sales

C. Fixed Cost

D. Annual Revenue

E. Annual Net income

3. In Excel Analysis, modeling relationships is critical for success. As a means to prepare you for modeling, define whether the following variables are inputs or outputs: Unit Sales

A. Input

B. Output

C. Both

D. Neither

Reference no: EM132233764

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