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Use a Modern Software Tool to Perform Statistical Calculations -Which of the Following Formulas Would Be Used to Calculate

Question 6

Multiple Choice

Use a modern software tool to perform statistical calculations. Using the spreadsheet below to answer the following question(s) .
The spreadsheet below shows the net income model for a company that sells shoes.  A  B 1 Net Income Model 23 Data 45 Sales $10,000,0006 Cost of Goods Sold $6,400,0007 Administrative Expenses $500,0008 SellingExpenses $900,0009 Depreciation Expenses $750,00010 Interest Expenses $70,00011 Taxes $620,0001213 Model 1415 Gross Profit $3,600,00016 Operating Expenses $2,150,00017 Net Operating Income $1,450,00018 Eamings Before Taxes $1,380,0001920 Net Income \begin{array}{|l|l|l|} \hline& \text { A } & \text { B } \\\hline 1 & \text { Net Income Model } & \\\hline 2 & & \\\hline 3 & \text { Data } & \\\hline 4 & & \\\hline 5 & \text { Sales } & \$ 10,000,000 \\\hline 6 & \text { Cost of Goods Sold } & \$ 6,400,000 \\\hline 7 & \text { Administrative Expenses } & \$ 500,000 \\\hline 8 & \text { SellingExpenses } & \$ 900,000 \\\hline 9 & \text { Depreciation Expenses } & \$ 750,000 \\\hline 10 & \text { Interest Expenses } & \$ 70,000 \\\hline 11 & \text { Taxes } & \$ 620,000 \\\hline 12 & & \\\hline 13 & \text { Model } & \\\hline 14 & & \\\hline 15 & \text { Gross Profit } & \$ 3,600,000 \\\hline 16 & \text { Operating Expenses } & \$ 2,150,000 \\\hline 17 & \text { Net Operating Income } & \$ 1,450,000 \\\hline 18 & \text { Eamings Before Taxes } & \$ 1,380,000 \\\hline 19 & & \\\hline 20 & \text { Net Income } & \\\hline\end{array}
-Which of the following formulas would be used to calculate the net income value using only the information in the Model, and not in the Data section?


A) =B5-B17
B) =B6-B15
C) =B15-B16-B17+B18
D) =B18-B11

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