58. You are responsible for valuing the inventory of a crude oil depot based on daily closing prices, and you have created a spreadsheet to help you. The cells in column A tell the ownership status of individual grades of oil (Holding or Not Holding), column B reports the closing price, and column C issues instructions based on the closing price (Bid, Offer, or Do Nothing). The rules for taking action are as follows: -If the closing price is >=$75 and we own the oil, we will Offer it for sale. • If the closing price is <=$55 and we do not own the oil, we will Bid for its acquisition. . Otherwise, we will Do Nothing. What formula should you enter in cell C2 to conduct this analysis? IF(A2="Holding", B2>=75), "Offer",IF((A2="Not Holding", B2<=55), "Acquire","Do Nothing")) IF(AND(A2="Holding", B2>=75),"Offer", IF(AND(A2="Not Holding", B2<=55),"Offer","Do Nothing")) IF(AND(A2="Not Holding", B2>=75), "Offer",IF(AND(A2=" Holding", B2<=55), "Bid", "Do Nothing")) OJECANDA? "Holding" B2-75) "Offer". JF(AND(A2="Not Holding", B2<=55), "Acquire","Do Nothing"))
58. You are responsible for valuing the inventory of a crude oil depot based on daily closing prices, and you have created a spreadsheet to help you. The cells in column A tell the ownership status of individual grades of oil (Holding or Not Holding), column B reports the closing price, and column C issues instructions based on the closing price (Bid, Offer, or Do Nothing). The rules for taking action are as follows: -If the closing price is >=$75 and we own the oil, we will Offer it for sale. • If the closing price is <=$55 and we do not own the oil, we will Bid for its acquisition. . Otherwise, we will Do Nothing. What formula should you enter in cell C2 to conduct this analysis? IF(A2="Holding", B2>=75), "Offer",IF((A2="Not Holding", B2<=55), "Acquire","Do Nothing")) IF(AND(A2="Holding", B2>=75),"Offer", IF(AND(A2="Not Holding", B2<=55),"Offer","Do Nothing")) IF(AND(A2="Not Holding", B2>=75), "Offer",IF(AND(A2=" Holding", B2<=55), "Bid", "Do Nothing")) OJECANDA? "Holding" B2-75) "Offer". JF(AND(A2="Not Holding", B2<=55), "Acquire","Do Nothing"))
Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Chapter1: Introduction
Section: Chapter Questions
Problem 1PE
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