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

question 5

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. $\begin{array}{|l|l|l|} \hline& \text { A } & \text { B } \\\hline 1 & \text { Net Income Model } & \\\hline 2 & & \\\hline 3 & \text { Data } & \\\hline 4 & & \\\hline 5 & \text { Sales } & \$ 10,000,000 \\\hline 6 & \text { Cost of Goods Sold } & \$ 6,400,000 \\\hline 7 & \text { Administrative Expenses } & \$ 500,000 \\\hline 8 & \text { SellingExpenses } & \$ 900,000 \\\hline 9 & \text { Depreciation Expenses } & \$ 750,000 \\\hline 10 & \text { Interest Expenses } & \$ 70,000 \\\hline 11 & \text { Taxes } & \$ 620,000 \\\hline 12 & & \\\hline 13 & \text { Model } & \\\hline 14 & & \\\hline 15 & \text { Gross Profit } & \$ 3,600,000 \\\hline 16 & \text { Operating Expenses } & \$ 2,150,000 \\\hline 17 & \text { Net Operating Income } & \$ 1,450,000 \\\hline 18 & \text { Eamings Before Taxes } & \$ 1,380,000 \\\hline 19 & & \\\hline 20 & \text { Net Income } & \\\hline\end{array}$
-Which of the following formulas would be used to calculate the net income value using only the data value?

• A) =SUM(B5:B10)-B11
• B) =SUM(B5:B11)
• C) =B5-SUM(B6:B11)
• D) =B5-SUM(B6:B10)+B11

Comprehend Adam Smith's principles of self-interest and its impact on economic behavior and productivity.

Recognize the role of individual and environmental factors in shaping motivation and behavior.

Discern the importance of psychoanalysis in understanding human motives and behaviors.

Grasp the significance of satisfaction of different levels of needs according to Maslow's hierarchy.

---

Definitions:

Data Series

A collection of related data points or values that are usually displayed as part of a chart or graph.

Category Values

A set of specific, predefined data points used to label or group elements in a dataset, facilitating analysis and reporting.

Cell A1

The reference to the first cell in spreadsheet programs like Microsoft Excel, located at the intersection of the first row and the first column.

Cell B1

Refers to the cell located at the intersection of column B and row 1 in a spreadsheet.