Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hello, I need help putting in favorable, unfavorable in excel. Every time I put it in my Analytics HW it marks it incorrect. Please help

Hello,

I need help putting in favorable, unfavorable in excel. Every time I put it in my Analytics HW it marks it incorrect.

Please help put the formula in excel correctly. Thank you!

image text in transcribedimage text in transcribed

image text in transcribed

- Cell Reference: Allows you to refer to data from another cell in the worksheet. From the Excel Simulation below, If In a blank cell, "=E11" was entered, the formula would output the result from cell E11, or 80 in this example. - Basic Math functions: Allows you to use the basic math symbols to perform mathematical functions. You can use the following keys: + (plus sign to add), - (minus sign to subtract), (asterisk sign to multiply), and / (forward slash to divide). From the Excel Simulation below, If In a blank cell "=E13+F13" was entered, the formula would add the values from those cells and output the result, or 75,560 in this example. If using the other math symbols the result would output an appropriate answer for its function. - SUM function: Allows you to refer to multiple cells and adds all the values. You can add Individual cell references or ranges to utilize this function. From the Excel Simulation below, If in a blank cell "=SUM(E16,E17,E18)" was entered, the formula would output the result of adding those three separate cells, or 13,300 in this example. Similarly, If In a blank cell "=SUM(E16:E18)" was entered, the formula would output the same result of adding those cells, except they are expressed as a range in the formula, and the result would be 13,300 in this example. - ABS function: Allows you to return the absolute value of a number or calculation. You can reference any cell to display its absolute value, or surround another formula with the ABS function, to return the final result as an absolute value. From the Excel Simulation below, you can see In cell H18 that the ABS function is being used, "=ABS(F18-E18)" which first calculates the subtraction of F18-E18 that results in -200. Then, the ABS portion of the formula returns the absolute value of the subtraction result, which would be 200 in this example. - IF function: Allows you to test a condition and return a specific value is the result is true and dlfferent value if the result is false. The syntax of the If function is "=IF(test_condition,value_If_true,value_If_false)" and specific considerations need to be made when using this function. The test_condition argument is an evaluation of the status of a cell, such as if the value of a cell Is greater than, less than, or equal to another number or cell. The value_If_true and value_If_false arguments will return any specific result for each option, such as another cell reference, a value, or text. Throughout the entire equation, If text is being used in the test_condition, value_If_true, or value_lf_false arguments then the text itself should be entered in quotations so that Excel will recognize the text as a "string of text" Instead of another function. From the Excel Simulation below, If in a blank cell "=IF(E13 30000,"Revenue Is good","Revenue is bad") was entered, the formula would output the result of the value_If_true since the test_condition would be result as true, or in this case the text "Revenue Is good". Excel processes the IF function by separating it out into separate parts. First the test_condition - Excel thinks, find cell E13 and determine if the value is greater than 30,000 . Once Excel determines if the result of that test_condition is TRUE or FALSE, it will return the value_if_true or value_If_false. 8 If there is no variance, enter the word None

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting and Auditing Research Tools and Strategies

Authors: Thomas Weirich, Thomas Pearson, Natalie Tatiana

9th edition

1119441915, 1119441919, 978-1-119-3737, 9781119373629 , 978-1119441915

More Books

Students also viewed these Accounting questions