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uranmaximum [27]
3 years ago
12

Enter a formula in cell B1 using the SUMPRODUCT function to calculate the total value of the current leases by multiplying the c

urrent monthly rents by the remaining months on each lease. Use the range names Rents and Leases.
Business
1 answer:
Burka [1]3 years ago
5 0

Answer:

The answer is " =SUMPRODUCT(Rents, Leases in cell B1, and pressed Enter)".

Explanation:

The function "SUMPRODUCT" returns the total of products with their respective ranges or arrays. Its main operation is multiplying, although it is necessary to add, subtract, and divide.

To calculate the "SUMPRODUCT", we just click on the cell B1 and type the "SUMPRO" by typing the in cell B1, and double-clicked and apply the above formula that is "=SUMPRODUCT(Rents, Leases in cell B1, and pressed Enter)".

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Garfield Corp. expects to sell 1,300 units of its pet beds in March and 900 units in April. Each unit sells for $110. Garfield’s
Pani-rosa [81]

Answer:

$62,800

Explanation:

Following Garfield Corp's policy, the number of pet beds that must be purchased, assuming no initial inventory, is given by the expected number of sales in March (1,300 units) added to 30% of the expected sales in April (30% of 900 units):

n=1,300 +(0.3*900)\\n=1,570\ units

Since the company purchases each pet bed for $40, total budgeted purchases are:

P=\$40*n=\$40*1,570\\P=\$62,800

Garfield Corp's total budgeted purchases for March are $62,800.

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3 years ago
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Answer:

A. The statement is correct.

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3 years ago
_______________ ensures that all relevant financial information is reported. (select an option)
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Answer:

B. Full disclosure principle

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Full disclosure principle ensures that all relevant financial information is reported

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Explanation:

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