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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 $ and $ Cost of sales is normally distributed with a mean of $ and a standard deviation of $ Selling expenses has a fixed component that is uniform between $ and $ There is also a variable component that is of net sales. Administrative expenses are normal with a mean of $ and a standard deviation of $ Interest expenses are $ The tax rate is Develop a simulation model in SPSS and report the descriptive statistics for net income and compute a 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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