Question: TudorTech is a new software company that develops and markets productivity software for municipal government applications. In developing their income statement, the following formulas are

TudorTech is a new software company that develops and markets productivity software for municipal government applications. In developing their income statement, the following formulas are used:
Gross profit = Net sales Cost of sales
Net operating profit = Gross profit Administrative expenses Selling expenses
Net income before taxes = Net operating profit Interest expense
Net income = Net income before taxes taxes
Net sales are uniformly distributed between $600,000 and $1,200,000. Cost of sales is normally distributed with a mean of $540,000 and a standard deviation of $20,000. Selling expenses has a fixed component that is uniform between $75,000 and $110,000. There is also a variable component that is 7% of net sales. Administrative expenses are normal with a mean of $50,000 and a standard deviation of $3,500. Interest expenses are $10,000. The tax rate is 50%. Develop a simulation model in SPSS and report the descriptive statistics for net income and compute a 95% confidence interval for average net income.
Please show step by step with pictures on how to complete this in excel and transferred over to spss. Thank you!

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