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2 years ago

E. In cell L16, enter a formula using the AVERAGEIF function that averages the budget amounts for Action movie projects

1 answer:

8 0

The purpose of an AVERAGEIF function is to help one find the average of numbers that meet a certain criteria within a dataset.

<h3>What does an AVERAGEIF function do?</h3>

The full question is not provided so the best I can do is to provide a general overview.

An averageif function is available in spreadsheets and is used to find the average of numbers in a range of data that meet a certain criteria.

For instance, if you want to average the budget amounts for Action movie projects, a relevant formula would be:

= AVERAGEIF(Projects, "Action movie", Projects[Budgets])

Find out more on the Averagif function at brainly.com/question/19595618.

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Teller Co. is planning to sell 900 boxes of ceramic tile, with production estimated at 870 boxes during May. Each box of tile re

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Answer:

38880

Explanation:

Budgeted sales -870 boxes

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Opening inventory of clay = 3900 pounds

Closing inventory of clay = 4500 pounds

Clay mix cost - $0.40

Labor rate = $12/hr

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(870*44) + 3900 - 4500

38280 +4500 - 3900 = 38,880

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MAXImum [283]

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2 years ago

On September 1, 2020, Windsor Company sold at 104 (plus accrued interest) 3,840 of its 8%, 10-year, $1,000 face value, nonconver

Rzqust [24]

Answer:

total sales value = 3,840 x $1,000 = $3,840,000 x 1.04 = $3,993,600

since each bond carried 2 detachable stock warrants, we must include in the bond issuance the value of the stock warrants = 3,840 bonds x 2 warrants x $2 per warrant = $15,360

the premium on bonds payable = total cash received - bonds payable - stock warrants = $3,993,600 - $3,840,000 - $15,360 = $138,240

the journal entry for recording the bond issuance:

September 1, 2020, 3,840 8% bonds issued

Dr Cash 3,993,600

Cr Bonds payable 3,840,000

Cr Premium on bonds payable 138,240

Cr Additional paid in capital - warrants 15,360

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3 years ago