Question: A B 1 Net Income Model 2 3 Data 14 5 Sales $10,000,000 $6,400.000 16 Cost of Goods Sold 7 $500,000 18 Administrative Expenses Selling

Expenses Selling Expenses Depreciation Expenses Interest Expenses Taxes 19 $900.000 $750,000 $70,000

$620,000 10 11 12 13 Model 14 15 16 Gross Profit Operating

A B 1 Net Income Model 2 3 Data 14 5 Sales $10,000,000 $6,400.000 16 Cost of Goods Sold 7 $500,000 18 Administrative Expenses Selling Expenses Depreciation Expenses Interest Expenses Taxes 19 $900.000 $750,000 $70,000 $620,000 10 11 12 13 Model 14 15 16 Gross Profit Operating Expenses Net Operating Income Earnings Before Taxes $3,600,000 $2,150,000 $1,450,000 $1,380,000 17 18 19 20 Net Income The spreadsheet above shows the net income model for a company that sells shoes. Use this spreadsheet data to respond to the following six questions Question 4 3 pts Which of the following formulas would be used to calculate the net income value using only the data values in the spreadsheet above? -B5-SUMB6B101011 -SUMBS:8101-11 -35-SUMB8111 -SUMOS0111 Question 5 3 pts Which of the following would be used to calculate the gross pront using only the data values in the spreadsheet above! -SUM7011-06 -15-B6-8111 -85-06311-8101 > Question 6 3 pts Which of the following formulas would be used to calculate the operating expenses using only the data values in the spreadsheet above? -SUM(B7:10)-B11 =SUMIB7:B10) -SUMIB 7:89)-B6 -SUM(B7:39) Question 7 3 pts Which of the following formulas would be used to calculate the net operating income using only the model values in the spreadsheet above? -315-316.36 -SUMB6-8101-811 -815-816 Question 9 3 pts Which of the following formulas would be used to calculate the net income value using both the data and model sections in the spreadsheet above? -B6-815 -B18-B11 -315-316-317 318 -35-817

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

A B 1 Net Income Model 2 3 Data 4 5 Sales $10,000,000 6 Cost of Goods Sold $6,400,000 7 Administrative Expenses $500,000 8 Selling Expenses $ 900,000 9 Depreciation Expenses $750,000 10 Interest...

A B 1 Net Income Model 2 3 Data 4 5 Sales $ 10,000,000 6 Cost of Goods Sold $ 6,400,000 7 Administrative Expenses $ 500,000 8 Selling Expenses $ 900,000 9 Depreciation Expenses $ 750,000 10 Interest...

Prepare a 1120 tax form (schedule D - 6 pages) with the information provided. Use 2020 tax laws All of the information needed is provided already!!!! Facts 6. 58,368 Interest expense: a. From the...

Prepare a2020 1120 tax form (schedule D - 6 pages) with the information provided. Tax laws for 2020 Facts 6. 58,368 Interest expense: a. From the mortgage on Razorback Sports' building From loan used...

Think of any retailer that operates many stores throughout the country. The retailer is often seeking to open now stores and needs to evaluate the profitability of a proposed location that would be...

Please Help...I am really confused Mini-Project 2- Saved to my Mac AutoSave $ u- Home Insert Draw Page Layout Calibri (Body) 11 Peste 3 BIU R Formulas A A A Data = E Review = = View = Q- Search Sheet...

D A B 1 Chapter 1: Applying Excel 2 3 Data 4 Sales $12,000 5 Variable costs: 6 Cost of goods sold $6,000 7 Variable selling $600 8 Variable administrative $400 9 Fixed costs: 10 Fixed selling $2,500...

FORM 1125-E. Hi, I need help on Form 1125-E. The total compensation for the workers is 753,000, but I do not understand how to allocate it to each officer (Rachael, Paula, Gordon). The attachment...

Please show cell formulas used to get the answer. Thanks! please answer all questions posted as well :) Download the Applying Excel form and enter formulas in all cells that contain question marks....

Download the Applying Excel form and enter formulas in all cells that contain question marks. For example, in cell C18 enter the formula "B6". After entering formulas in all of the cells that...

The Polishing Department of Burgoa Manufacturing Company has the following production and manufacturing cost data for September. Materials are entered at the beginning of the process. Production:...

Robert Gates rounds the corner of the street and smiles when he sees his wife pruning rose bushes in their front yard. He slowly pulls his car into the driveway, turns off the engine, and falls into...

To qualify for relief ( exclusion from income ) on the forgiveness of debt related to a foreclosure, the property needs to be _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ .

Explain the difference between a professional service firm focused on 'building the Income Statement vs. one committed to 'building its Balance Sheet.' If a Partner or Senior walked into your office...

Were the right people brought in, and if not, who was left out and why?

Was it clear to you: (a) who would make the recommendation, (b) who would be asked to provide input, (c) who had the final say, and (d) who would be responsible for implementation?

6. What questions would you suggest should be included?