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marshall27 [118]
3 years ago
15

Provide an example of how businesses might apply a conditional formula to spreadsheet data

Business
1 answer:
navik [9.2K]3 years ago
3 0

A business might apply conditional formula to calculate the payouts for the different employees of the organisation.

<u>Explanation:</u>

Conditional Formatting (CF) is a tool that allows you to apply formats to a cell or range of cells, and have that formatting change depending on the value of the cell or the value of a formula. This helps you to differentiate and make difference between the values to be put in the different cells depending on the criteria.

Conditional formatting is a feature in many spreadsheet applications that allows you to apply specific formatting to cells that meet certain criteria. It is most often used as color-based formatting to highlight, emphasize, or differentiate among data and information stored in a spreadsheet.

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AJ Manufacturing Company incurred $50,000 of fixed product cost and $40,000 of variable product cost during its first year of op
inn [45]

Answer:

Sales= 160,000

COGS= (40,000 + 50,000)= (90,000)

Gross profi= 70,000

Other expenses:

Fixed selling and administrative costs= (16,000)

Variable selling and administrative costs= (13,000)

Net operating income= $41,000

Explanation:

Giving the following information:

$50,000 of the fixed product cost

$40,000 of variable product cost during its first year of operation.

$16,000 of the fixed selling and administrative costs

$13000 of variable selling and administrative costs.

The company sold all of the units it produced for $160,000

Under GAAP requirements, the income statement follows this structure:

Sales Revenue

(Cost of goods sold)

=Gross profit

(Operating expenses)

Income from other Operations

= Earnings before interest and taxes (EBIT)

(interest)

= Earnings before Tax

(Tax)

=Net operating income

In the example:

Sales= 160,000

COGS= (40,000 + 50,000)= (90,000)

Gross profi= 70,000

Other expenses:

Fixed selling and administrative costs= (16,000)

Variable selling and administrative costs= (13,000)

Net operating income= $41,000

7 0
3 years ago
The following selected transactions were completed by Capers Company during October of the current year: Oct. 1 Purchased mercha
Phoenix [80]

Answer and Explanation:

The answer is attached below

6 0
3 years ago
Which of the following statements about marketing is true?
san4es73 [151]

Answer:

B. It can help create jobs in the economy by increasing demand for goods and services

Explanation:

8 0
3 years ago
Poseidon Marine Stores Company manufactures special metallic materials and decorative fittings for luxury yachts that require hi
Ksenya-84 [330]

Answer:

C. The company paid a lower cost per hour for labor than allowed by the standards.

Explanation:

direct labor rate/price variance = (AR - SR) x AH

Any favorable variance will result from a lower actual rate than the standard rate. Any difference in the actual number of hours will result in a variance of labor efficiency.

In this case, assuming that actual hours were the same as standard hours, 5,000 x 5 = 25,000 direct labor hours were employed. This means that the actual rate was:

-8,000 = (AR - 15) x 25,000

AR - 15 = -8,000 / 25,000 = 0.32

AR = $14.68

5 0
3 years ago
A fiscal policy that is designed to slow the rate of economic growth will, ceteris paribus: increase aggregate demand. increase
levacccp [35]

Answer:

Increase aggregate demand.

Explanation:

A fiscal policy that is designed to slow the rate of economic growth will, ceteris paribus increase aggregate demand. This policy is also known as the contractionary policy.

The basic function of this policy is to slow the economic growth and basically try to flatten out the rate of inflation. It also effects the aggregate demand, the graph of which shifts to the right, meaning triggering an increase. This is done because the long term effects of inflation can effect the standard of living as recession would.

3 0
3 years ago
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