The database shows estimated expenses for the last nine months of the coming year. Define range names for each mon formulas to find the total for each month and type of expense. LOADING. Click the icon to view the estimated expenses for the last nine months of the coming year. Question content area bottom
The database shows estimated expenses for the last nine months of the coming year. Define range names for each mon formulas to find the total for each month and type of expense. LOADING. Click the icon to view the estimated expenses for the last nine months of the coming year. Question content area bottom
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Qq.8.a
![The database shows estimated expenses for the last nine months of the coming year. Define range names for each month and type of expense and use the range names in
formulas to find the total for each month and type of expense.
LOADING...
Click the icon to view the estimated expenses for the last nine months of the coming year.
Question content area bottom
Part 1
Define range names for each month and type of expense. Which are reasonable range names to give each month?
A.
Apr, May, Jun, Jul, Aug, Sept, Oct, Nov, Dec
B.
Cost of Goods, Advert, Salaries, Supplies, Misc
C.
Apr May Jun Jul Aug Sept, Oct Nov Dec
D.
Cost, Advert, Salaries, Supplies, Misc
Expenses April May
June
July
Cost of Goods $2.550
$2,800 $2,950 $3,170
Advertising $2,500 $2,500 $2,500 $3.000
Salaries $18,650 $18.650 $18,650
$1,300 $1,360 $1,440
Supplies
Miscellaneous $15,000 $15.000 $15,400
August September October November December
$3,230 $3,900 $2.840 $2,600 $2.280
$3,000 $2,500 $1.500 $1,500 $1,500
$30,000 $30,000
$1,550
$30,000 $18,850
$18.850
$18,850
$1,550
$1,500 $1,450
$1.300
$15,800
$16,500 $16,000 $15,300
$14,200
$1,400
$15.000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8f6b9bf3-9222-4e20-9362-1764c39421ae%2Fcedaf1d4-5091-43bd-86cf-bf9ff8e2b9d6%2Fhexgs7_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The database shows estimated expenses for the last nine months of the coming year. Define range names for each month and type of expense and use the range names in
formulas to find the total for each month and type of expense.
LOADING...
Click the icon to view the estimated expenses for the last nine months of the coming year.
Question content area bottom
Part 1
Define range names for each month and type of expense. Which are reasonable range names to give each month?
A.
Apr, May, Jun, Jul, Aug, Sept, Oct, Nov, Dec
B.
Cost of Goods, Advert, Salaries, Supplies, Misc
C.
Apr May Jun Jul Aug Sept, Oct Nov Dec
D.
Cost, Advert, Salaries, Supplies, Misc
Expenses April May
June
July
Cost of Goods $2.550
$2,800 $2,950 $3,170
Advertising $2,500 $2,500 $2,500 $3.000
Salaries $18,650 $18.650 $18,650
$1,300 $1,360 $1,440
Supplies
Miscellaneous $15,000 $15.000 $15,400
August September October November December
$3,230 $3,900 $2.840 $2,600 $2.280
$3,000 $2,500 $1.500 $1,500 $1,500
$30,000 $30,000
$1,550
$30,000 $18,850
$18.850
$18,850
$1,550
$1,500 $1,450
$1.300
$15,800
$16,500 $16,000 $15,300
$14,200
$1,400
$15.000
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