I need help figuring out the formulas for this problem!

Help Save & Exit Submit 1 Cell Reference Allows you to refer to data from another cell in the worksheet. From the Excel Simulation below, if in a blank cell, "-38" was entered the formula would output the result from cell B8, or $2.500 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-811-812" was entered the formula would add the values from those cells and output the result, or 11,600 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 -SUM811,812,813)" was entered the formula would output the result of adding those three separate cells, or 27500 in this example Similarly, if in a blank cell SUM($11.813" 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 27.500 in this example . E function: Allows you to testa condition and return a specific value is the result is true and different value if the result is false The syntax of the function is test_condition value true value_laser and specific considerations need to be made when using this function. The test. condition argument is an evaluation of the status of a coll, such as if the value of a cellis greater than less than or equal to another number or cell. The value true and value false arguments will return any specific result for each option, such as another cell reference, value, or text. Throughout the entire equation, if text is being used in the test condition value true or value. Itse 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 call (81520000. AR is high" "AR is low") was entered the formula would output the result of the value. I true since the test condition would be result as true, or in this case the text "AR is high" Excel processes the function by separating it out Into separate parts first the test.condition - Excel thinks, find ca 15 and determine the valve is greater than 20000 Once Excel determines if the result of that test conditionis TRUE OR FALSE, I will return the valuere or valuese. AND function: Allows you to check if multiple conditions result as TRUE The syntax of the AND function is AND oglaltlogical where logical and logica 2 are the conditions being tested. These conditions can be used to evaluate other cells such as greater than less than equal to From the Excel Simulation below, if in a blank cell AND(8-1000,09>1000" was entered the formula would output the word TRUE since both of the logical test conditions are true. Since the result will provide with a TRUE FALSE result, the function is frequently used as the rest.condo argument of an IF function For example, if in a blank cell IFAND(08-000,05010001. "LOW AR accountsigh AR accounts was entered the formula would output the result of "Low All accounts" The Function evaluate the entire AND function provides a TRUE result, and as such outputs the value true if the AND function does not result TRUE, the function would output the result for values when using multiple functions, colled nesting function, it is very important that the opening and closing parentheses are used property and the placement is appropriate between the commas. For the example above, the AND Ninction requires one set of parentheses and the IF function requires another set of parentheses DAYS function Allows you to calculate the number of days between two dates. The syntax of the DAYS function is "DAY Send date start and should always return a positive value it is important that the end date is used for the farthest date into the Nature and the start date is used for the date furthest into the past or earliest date in time being evaluated The formula arguments should reference dates that are located in other cells to properly calculate the formularesult BV Ch8 Excel Sim Saved BBS FILE ? 6 X 1 Aging of accounts receivable method - Excel PAGE LAYOUT FORMULAS DATA REVIEW HOME INSERT VIEW Sign In X Calibri 11 Paste BIU- A A 96 A. Alignment Number Conditional Format as Cell Formatting Table Styles Styles Cells 10 Editing points Clipboard Font B23 eBook Prim References A B D E F 1 Xercise Cycles Company sells exercise equipment to gyms on account. At year end, the following accounts receivable were uncollected 2 3 Required: 4 1) Calculate the number of days unpaid, USING THE EXCEL DAYS FUNCTION (FX). 5 6 Number of 2 Customer Amount Invoice Date Today's Date Days Unpaid 8 Fitness Mania S 2.500 6/17/2016 12/31/2016 197 9 Health for Life 2.000 12/21/2016 12/31/2016 10 10 Holistic Health Options 12,750 10/12/2016 12/31/2016 80 11 Image Reimaging 7.000 12/5/2016 12/31/2016 26 12 Today's Gym World 4,600 11/29/2016 12/31/2016 32 13 Whole Life Fitness Center 15.900 11720/2016 12/31/2016 41 14 Workouts Unlimited 3.800 10/2/2016 12/31/2016 90 IS Total 5 48.550 16 17 2) Use the information above to complete the Aging of Accounts Receivable Schedule below. 18 Create a formula for each age category, using the Excel IF and AND FUNCTIONS (EX) to determine where each customer amount belongs. 19 The IP statement may include the following arguments: <.>.>, ,>,