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Project 24: Breaking Even Mountain Cycle specializes in making custom mountain bikes

MS Excel

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Project 24: Breaking Even Mountain Cycle specializes in making custom mountain bikes. The company founder, P. J. Steffan, is having a hard time making the business profitable. Knowing that you have great business knowledge and solid financial sense, P. J. has come to you for advice. P. J. would like you to determine how many bikes Mountain Cycle needs to sell per year to break even. Using Goal Seek in Excel, solve using the following: 

Fixed cost equals $65,000 Variable cost equals $1,575 Bike price equals $2,500