Exam 2: Introduction to Electronic Spreadsheets

Give two benefits of using spreadsheets in doing financial analysis.

Free

(Essay)

4.8/5

(33)

Question 1

Correct Answer:

Verified

Compared to manual calculations, spreadsheets are 1) faster for performing calculations; 2) less likely to have a computational error; 3) recompute changes faster and more accurately.

If you typed the following formula into Excel, what number would it generate? =(15/3)+5*(6/2)

Free

(Essay)

4.8/5

(29)

Question 2

Correct Answer:

Verified

Excel would first divide the (15/3) and (6/2), then multiply the (6/2) by 5, and then add this with the (15/3), or
=5 + 5 × 3 = 20

Suppose you wanted to add together the numbers in cells A1, A2, and A3. Write three versions of the Excel formula you would type to perform this calculation.

Free

(Short Answer)

4.7/5

(38)

Question 3

Correct Answer:

Verified

=SUM(A1, A2, A3) or =A1+A2+A3 or =SUM(A1:A3)

Showing 1 - 3 of 3

Give two benefits of using spreadsheets in doing financial analysis.

If you typed the following formula into Excel, what number would it generate? =(15/3)+5*(6/2)

Suppose you wanted to add together the numbers in cells A1, A2, and A3. Write three versions of the Excel formula you would type to perform this calculation.

Introduction to Health Care Accounting and Financial Management

The Financial Environment of Health Care Organizations

Accounting Concepts

Introduction to the Key Financial Statements

Valuation of Assets and Equities

Recording Financial Information

Reporting Financial Information: a Closer Look at the Financial Statements

The Role of the Outside Auditor

Depreciation: Having Your Cake and Eating It Too

Inventory Costing: The Accountants World of Make-Believe

An Even Closer Look at Financial Statements

Notes to the Financial Statements: The Inside Story

Ratio Analysis: How Do We Compare to Other Health Care Organizations

Investment Analysis: What Should We Do Next

Working Capital Management and Banking Relationships

Capital Structure: Long-Term Debt and Equity Financing

Filters