Partial preview of the text
Download EXCEL CRASH COURSE EXAM 100% VERIFIED ANSWERS 2024/2025 CORRECT STUDY SET and more Exams Organization and Business Administration in PDF only on Docsity!
EXCEL CRASH COURSE EXAM
100% VERIFIED ANSWERS
2024/2025 CORRECT STUDY
SET
ALL OF THE FOLLOWING ARE KEYBOARD SHORTCUT THAT ALLOW THE USER INPUT TO ADD MORE
SHEETS TO A WORKBOOK EXCEPT:
ALT I W
ALT H I S
SHIFT F
ALT SHIFT F
ALT H I W
INCORRECT
ALT I W, ALT H I S, SHIFT F11 AND ALT SHIFT F1 ARE ALL KEYBOARD SHORTCUTS FOR ADDING MORE
SHEETS TO A WORKBOOK.
ALT H I W IS NOT A VALID SHORTCUT.
WHAT IS A KEYBOARD SHORTCUT TO OPEN A FILE?
CTRL O
CTRL F
ALT O
CTRL N
THE CORRECT ANSWER IS CTRL O.
CTRL F IS THE SHORTCUT TO FIND, OR FIND AND REPLACE, TEXT ON THE WORKSHEET. ALT O IS NOT A
COMMAND. CTRL N IS THE SHORTCUT TO OPEN A NEW WORKBOOK.
WHAT IS THE RECOMMENDED WORKBOOK CALCULATION SETTING FOR EXCEL?
AUTOMATIC
MANUAL
AUTOMATIC EXCEPT FOR DATA TABLES
ITERATE
THE CORRECT ANSWER IS "AUTOMATIC EXCEPT FOR DATA TABLES".
DATA TABLES CAN SIGNIFICANTLY SLOW DOWN EXCEL AND OTHER PROGRAMS. "AUTOMATIC", THE
DEFAULT SETTING, WILL AUTOMATICALLY CALCULATE EVERYTHING IN THE WORKBOOK, INCLUDING
DATA TABLES, WHICH WILL MAKE THE PROGRAM RUN MORE SLOWLY. THE MANUAL SETTING WILL
REQUIRE THE USER TO FREQUENTLY RECALCULATE THE WORKBOOK IN ORDER TO DISPLAY
CORRECTLY. "ITERATE" IS NOT A SETTING FOR WORKBOOK CALCULATION IN EXCEL; ITERATIVE
CALCULATION IS A TOGGLE FOR USERS TO SET FOR WORKBOOKS THAT MAY HAVE CIRCULAR
CALCULATIONS.Q
TO ADD A CELL REFERENCE FROM A DIFFERENT WORKSHEET INTO AN EXISTING FORMULA WITH
YOUR KEYBOARD, YOU SHOULD FOLLOW THE FOLLOWING STEPS:
1. HIT F2 TO GET INTO THE EXISTING FORMULA; DELETE ANY INCORRECT FORMULAS OR
OPERATORS 2. HIT F2 AGAIN TO ENABLE "ENTER" MODE ON THE BOTTOM-LEFT CORNER OF THE
EXCEL SHEET 3. HOLDING DOWN CTRL, USE PAGEUP OR PAGEDOWN TO FIND THE DESIRED
WORKSHEET 4. LET GO OF THE CTRL AND PAGEUP/DOWN KEYS 5. USE THE ARROW KEYS TO
LOCATE THE DESIRED CELL REFERENCE 6. HIT ENTER
1. HIT F2 TO GET INTO THE EXISTING FORMULA; DELETE ANY INCORRECT FORMULAS OR
OPERATORS 2. HIT F2 AGAIN TO ENABLE "ENTER" MODE ON THE BOTTOM-LEFT CORNER OF THE
EXCEL SHEET 3. HOLDING DOWN ALT, USE PAGEUP OR PAGEDOWN TO FIND THE DESIRED
WORKSHEET 4. LET GO OF THE CTRL AND PAGEUP/DOWN KEYS 5. USE THE ARROW KEYS TO
LOCATE THE DESIRED CELL REFERENCE 6. HIT ESCAPE
THE CORRECT ANSWER IS:
HIT F2 TO GET INTO THE EXISTING FORMULA; DELETE ANY INCORRECT FORMULAS OR OPERATORS
HIT F2 AGAIN TO ENABLE "ENTER" MODE ON THE BOTTOM-LEFT CORNER OF THE EXCEL SHEET
HOLDING DOWN CTRL, USE PAGEUP OR PAGEDOWN TO FIND THE DESIRED WORKSHEET
LET GO OF THE CTRL AND PAGEUP/DOWN KEYS
USE THE ARROW KEYS TO LOCATE THE DESIRED CELL REFERENCE
HIT ENTER
IN THE INCORRECT OPTION, 3. ALT PAGE UP / DOWN WILL NOT ALLOW THE USER TO NAVIGATE TO A
DIFFERENT WORKSHEET; 6. HIT ESCAPE WILL NOT SAVE ANY CELL REFERENCES, BUT WILL DELETE
ANY NEW DATA OR FORMULA THAT HAS BEEN ENTERED INTO THE CELL.
WHAT IS THE KEYBOARD COMMAND TO AUTOFIT THE ROW HEIGHT?
ALT O C A
ALT O C W
ALT H O H
ALT H O A
THE CORRECT ANSWER IS "ALT H O A"
ALT O C A IS USED TO AUTOFIT COLUMN WIDTH. ALT O C W IS USED TO ASSIGN THE COLUMN
WIDTH. ALT H O H IS USED TO ASSIGN THE ROW HEIGHT.
WHAT IS THE COMMAND TO CHANGE THE ZOOM SIZE?
ALT V Z
ALT T O V
ALT H O I
ALT H V T
THE CORRECT ANSWER IS "ALT V Z".
ALT T O V IS NOT A VALID SHORTCUT. ALT H O I IS THE SHORTCUT TO AUTOFIT THE COLUMN WIDTH.
ALT H V T IS NOT A VALID SHORTCUT.
WHAT IS THE KEYBOARD SHORTCUT TO OPEN THE FORMATTING CELLS DIALOG BOX?
CTRL 1
CTRL 2
CTRL SHIFT 1
CTRL SHIFT 2
THE CORRECT ANSWER IS: CTRL 1.
CTRL 2 IS NOT A VALID SHORTCUT. CTRL SHIFT 1 IS THE SHORTCUT TO CYCLE THROUGH DIFFERENT
NUMBER FORMATS. CTRL SHIFT 2 IS THE SHORTCUT TO CYCLE THROUGH DIFFERENT DATE FORMATS.
WHAT ARE THE KEYBOARD SHORTCUTS FOR AUTO-FITTING A RANGE OF COLUMNS?
1) SELECT THE COLUMNS BY HITTING CTRL SPACEBAR. 2) HOLD DOWN THE SHIFT KEY AND USE
LEFT AND RIGHT ARROW KEYS TO HIGHLIGHT THE RANGE OF COLUMNS. 3) HIT ALT H O I TO AUTO
FIT THE COLUMNS.
1 ) HOLD DOWN THE SHIFT KEY AND USE LEFT AND RIGHT ARROW KEYS TO SELECT COLUMNS
DESIRED. 2) HIT ALT H O I TO AUTO FIT THE COLUMNS
1) SELECT THE COLUMNS BY HITTING SHIFT SPACEBAR. 2) HOLD DOWN THE CTRL KEY AND USE
LEFT AND RIGHT ARROW KEYS TO HIGHLIGHT THE RANGE OF COLUMNS. 3) HIT ALT H O W TO
AUTO FIT THE COLUMNS.
1) SELECT THE COLUMNS BY HITTING SHIFT SPACEBAR. 2) HOLD DOWN THE SHIFT KEY AND USE
LEFT AND RIGHT ARROW KEYS TO HIGHLIGHT THE RANGE OF COLUMNS. 3) HIT ALT H O W TO
AUTO FIT THE COLUMNS.
SELECT THE COLUMNS BY HITTING CTRL SPACEBAR.
HOLD DOWN THE SHIFT KEY AND USE LEFT AND RIGHT ARROW KEYS TO HIGHLIGHT THE RANGE OF
COLUMNS.
HIT ALT H O I TO AUTO FIT THE COLUMNS.
USING THE SHIFT KEY AND THE RIGHT AND LEFT ARROWS WILL ONLY AUTOFIT THE COLUMN WIDTHS
FOR THE CELLS SELECTED AND WILL NOT APPLY AUTOFIT TO ALL CELLS IN THE COLUMNS. SHIFT
SPACEBAR WILL SELECT A SPECIFIC ROW RATHER THAN A SPECIFIC COLUMN. ALT H O W WILL ALLOW
THE USER TO SELECT A SPECIFIC COLUMN WIDTH BUT WILL NOT AUTOFIT THE COLUMN WIDTH.
WHEN YOU ARE IN THE FORMAT CELLS DIALOG (CTRL 1):
WHAT IS THE KEYBOARD SHORTCUT FOR MOVING ACROSS TABS (NUMBER, ALIGNMENT, FONT
BORDER, FILL, PROTECTION)?
HOW DO YOU MOVE COUNTER CLOCKWISE ACROSS FORM ELEMENTS?
HOW DO YOU SELECT A CHECKBOX (PUT A CHECKBOX NEXT TO IT)
1) TAB 2) CTRL TAB 3) SPACEBAR
1) ALT TAB 2) CTRL TAB 3) SPACEBAR
1) CTRL TAB 2) SHIFT TAB 3) SPACEBAR
1) CTRL TAB 2) SHIFT TAB 3) ENTER
THE CORRECT ANSWER IS: 1) CTRL TAB 2) SHIFT TAB 3) SPACEBAR
TAB WILL NAVIGATE THE USER TO DIFFERENT CELLS. ENTER WILL KEEP THE DATA THE USER HAS
ENTERED IN THE CELL. ALT TAB IS A SHORTCUT TO TOGGLE AMONG DIFFERENT WINDOWS.
IF I WANT TO ADD THE TITLE "COMPANY FINANCIALS" IN CELL A1 ENSURE THAT ALL COLUMNS ARE
THE SAME WIDTH ACROSS ALL THE WORKSHEETS IN MY WORKBOOK, HOW WOULD I DO THAT?
1. GROUP THE WORKSHEETS BY HITTING CTRL SHIFT AND USE THE LEFT AND/OR RIGHT ARROW
KEYS TO SELECT THE WORKSHEETS. 2. IN THE ACTIVE SHEET TYPE IN "COMPANY FINANCIALS" IN
A1 AND APPLY THE DESIRED WIDTH TO ALL COLUMNS 3. REMEMBER TO HIT CTRL PAGEUP OR
PAGEDOWN TO MAKE SURE THAT FUTURE EDITS ONLY APPLY TO ACTIVE SHEET.
1. GROUP THE WORKSHEETS BY HITTING CTRL SHIFT AND USE THE PAGEUP/DOWN KEYS TO SELECT
THE WORKSHEETS. 2. IN THE ACTIVE SHEET TYPE IN "COMPANY FINANCIALS" IN A1 AND APPLY THE
DESIRED WIDTH TO ALL COLUMNS 3. REMEMBER TO HIT CTRL PAGEUP OR PAGEDOWN TO MAKE
SURE THAT FUTURE EDITS ONLY APPLY TO ACTIVE SHEET.
1. GROUP THE WORKSHEETS BY HITTING CTRL SHIFT AND USE THE PAGEUP/DOWN KEYS TO SELECT
THE WORKSHEETS. 2. IN THE ACTIVE SHEET TYPE IN "COMPANY FINANCIALS" IN A1 AND APPLY THE
DESIRED WIDTH TO ALL COLUMNS 3. REMEMBER TO HIT CTRL PAGEUP OR PAGEDOWN TO MAKE
SURE THAT FUTURE EDITS ONLY APPLY TO ACTIVE SHEET.
WHAT IS THE KEYBOARD SEQUENCE TO
1) GROUP HIGHLIGHTED COLUMNS (BUT NOT TO HIDE GROUP)
2) HIDE THE GROUP (WILL SHOW A + SIGN ABOVE THE COLUMN)
3) SHOW THE GROUP (WILL SHOW A + SIGN ABOVE THE COLUMN)
1. CTRL ALT RIGHT ARROW 2. ALT A J 3. ALT A H
1. CTRL ALT RIGHT ARROW 2. ALT A H 3. ALT A S
1. SHIFT ALT DOWN ARROW 2. ALT A H 3. ALT A J
1. SHIFT ALT DOWN ARROW 2. ALT A H 3. ALT A J
WHAT IS THE KEYBOARD SHORTCUT TO OPEN THE PASTE SPECIAL DIALOG BOX?
CTRL V
CTRL E S
ALT E S OR ALT H V S
CTRL H V
THE CORRECT ANSWER IS: ALT E S OR ALT H V S
CTRL V IS THE SHORTCUT FOR BASIC PASTE. CTRL E S IS NOT A VALID SHORTCUT SEQUENCE. CTRL H V
IS NOT A VALID SHORTCUT SEQUENCE.
WHICH OF THE FOLLOWING KEYS IS NOT A WAY TO TRACE PRECEDENT CELLS?
CTRL [
ALT M P
ALT T U T
CTRL ALT [
THE CORRECT ANSWER IS: CTRL [. CTRL [ IS NOT A VALID SHORTCUT. ALT M P, ALT T U T, AND CTRL
ALT [ ARE ALL SHORTCUTS THAT CAN BE USED TO TRACE PRECEDENT CELLS.
WHAT IS THE KEYBOARD SHORTCUT TO FREEZE PANES WITHIN A WORKSHEET?
ALT F W V
ALT W S
ALT W F F
ALT A W T
THE CORRECT ANSWER IS: ALT W F F.
ALT F W V IS THE SHORTCUT FOR PRINT PREVIEW. ALT W S IS THE SHORTCUT TO SPLIT PANES. ALT A
W T IS A SHORTCUT TO BUILD DATA TABLES.
PLEASE SELECT THE ANSWER THAT BEST DESCRIBES THE SHORTCUT TO
SPLIT (NOT FREEZE) AN EXCEL SHEET INTO JUST TWO PANES (TOP AND BOTTOM)
TO NAVIGATE FROM PANE TO PANE
1. ANYWHERE IN THE EXCEL WORKSHEET HIT ALT W S TO SPLIT THE PANES TO A TOP AND
BOTTOM. 2. HIT F6 TO JUMP FROM PANE TO PANE (IN SOME VERSIONS OF EXCEL YOU WILL NEED
TO HIT F6 SEVERAL TIMES TO GET FROM ONE PANE TO THE OTHER).
1. WITH THE ACTIVE CELL ON ANY ROW BUT IN COLUMN A, HIT ALT W S TO SPLIT THE PANES TO A
TOP AND BOTTOM. 2. HIT F6 TO JUMP FROM PANE TO PANE (IN SOME VERSIONS OF EXCEL YOU
WILL NEED TO HIT F6 SEVERAL TIMES TO GET FROM ONE PANE TO THE OTHER).
1. WITH THE ACTIVE CELL ON ANY COLUMN BUT IN ROW 1, HIT ALT W S TO SPLIT THE PANES TO A
TOP AND BOTTOM. 2. HIT F6 TO JUMP FROM PANE TO PANE (IN SOME VERSIONS OF EXCEL YOU
WILL NEED TO HIT F6 SEVERAL TIMES TO GET FROM ONE PANE TO THE OTHER).
THE CORRECT ANSWER IS:
WITH THE ACTIVE CELL ON ANY ROW BUT IN COLUMN A, HIT ALT W S TO SPLIT THE PANES TO A TOP
AND BOTTOM.
HIT F6 TO JUMP FROM PANE TO PANE (IN SOME VERSIONS OF EXCEL YOU WILL NEED TO HIT F
SEVERAL TIMES TO GET FROM ONE PANE TO THE OTHER).
IF THE ACTIVE CELL IS NOT IN COLUMN A, THE USER WILL HAVE MORE THAN 2 PANES. IF THE ACTIVE
CELL IS IN ROW 1, THE USER WILL GET TWO VERTICAL PANES.
YOU ARE IN CELL A1 AND START A FORMULA BY TYPING = IN A WORKSHEET WITH SPLIT TOP AND
BOTTOM PANES. IN ORDER TO JUMP TO THE BOTTOM PANE WHILE WORKING ON THE FORMULA:
HIT TAB
HIT F
HIT ALT F
HIT ALT TAB
THE CORRECT ANSWER IS: HIT F
TAB WILL NAVIGATE TO THE NEXT CELL. ALT F6 IS NOT A VALID SHORTCUT. ALT TAB WILL NAVIGATE
TO A DIFFERENT WINDOW.
SEE LESSON: SPLITTING & FREEZING PANES
IDENTIFY THE COMMANDS TO INSERT A COMMENT AND DELETE A COMMENT
1)ALT E M 2) ALT E M
1)ALT H E M 2) ALT I M
1)SHIFT F2 2) ALT H E M
1)ALT H E M 2) ALT I S
THE CORRECT ANSWER IS SHIFT F2, ALT H E M.
ALT E M IS A SHORTCUT TO OPEN THE MENU TO MOVE OR COPY A SELECTED SHEET. ALT I S IS THE
SHORTCUT TO INSERT A SYMBOL.
IDENTIFY THE UTILITY USED TO CREATE A DROPDOWN MENU IN EXCEL.
ALT D T
ALT D V L
ALT D L
ALT D D T
THE CORRECT ANSWER IS: ALT D L.
ALT D T IS THE SHORTCUT TO BUILD A DATA TABLE. ALT D V L IS NOT A VALID SHORTCUT. ALT D D T IS
NOT A VALID SHORTCUT.
WHICH OF THE FOLLOWING IS NOT A SHORTCUT FOR CHANGING THE FORMAT OF A CELL
CTRL TAB
CTRL SHIFT 1
CTRL B
ALT H F C
THE CORRECT ANSWER IS CTRL TAB.
CTRL TAB WILL MOVE THE SELECTED CELL. IT IS NOT A SHORTCUT USED TO FORMAT CELLS. CTRL
SHIFT 1 WILL CHANGE THE CELL TO A NUMBER FORMAT, CTRL B MAKES THE CELL TEXT BOLD, ALT H F
C WILL ALLOW TO CHANGE THE TEXT COLOR.
IDENTIFY THE SHORTCUT TO REMOVE ARROWS FROM TRACE PRECEDENTS OR TRACE
DEPENDENTS.
ALT D T
ALT M P
ALT M D
ALT M A
THE CORRECT ANSWER IS ALT M A.
ALT D T INSERTS A DATA TABLE. ALT M P IS THE SHORTCUT TO TRACE PRECEDENTS. ALT M D IS THE
SHORTCUT TO TRACE DEPENDENTS.
IDENTIFY A FUNCTION IN CELL D6 THAT WILL RETURN THE FRACTION OF THE YEAR ELAPSED
ASSUMING A 360 DAY COUNT BASIS.
=STUB(D4,D5)
=YEARFRAC(D4,D5,2)
=DAYS360(D4,D5)
=YEARFRAC(D4,D5)
THE CORRECT ANSWER IS: =YEARFRAC(D4,D5,2). STUB IS NOT AN EXCEL FORMULA. DAYS360 WILL
RETURN THE NUMBER OF DAYS IN A 360 DAY YEAR. YEARFRAC(D4,D5) WILL CALCULATE THE
FRACTION USING A 365-DAY YEAR.
IDENTIFY THE FORMULA THAT WILL ALWAYS OUTPUT A DATE THAT IS THE END-OF-MONTH DATE 3
MONTHS AFTER THE DATE INPUTTED IN D5.
=DATE(YEAR(D5),MONTH(D5)+3,DAY(D5))
=EOMONTH(3,D5)
=EOMONTH(D5,3)
THE CORRECT ANSWER IS: =EOMONTH(D5,3)
=DATE(YEAR(D5),MONTH(D5)+3,DAY(D5)) WILL ADD 3 MONTHS TO THE DATA INPUTTED IN D5.
EOMONTH(3,D5) REVERSES THE ARGUMENTS REQUIRED FOR THIS FUNCTION.
IDENTIFY THE FORMULA THAT, BASED IN USER INPUTS IN CELLS B1 AND B2, OUTPUTS THE TEXT
"ANIMAL LOVER" FOR USERS WHO HAVE AT LEAST 1 DOG AND AT LEAST ONE CAT, AND OUTPUTS
"LONELY PERSON" WHEN THOSE CONDITIONS ARE NOT MET.
=IF(OR(B1>0,B2>0),"ANIMAL LOVER","LONELY PERSON")
=IF(AND(B1>1,B2>1),"ANIMAL LOVER","LONELY PERSON")
=IF(AND(B1>0,B2>0),"ANIMAL LOVER","LONELY PERSON")
=AND(IF(B1>0,"ANIMAL LOVER","LONELY PERSON"),IF(B2>0,"ANIMAL LOVER","LONELY PERSON"))
THE CORRECT ANSWER IS: =IF(AND(B1>0,B2>0),"ANIMAL LOVER","LONELY PERSON")
=IF(OR(B1>0,B2>0),"ANIMAL LOVER","LONELY PERSON") WILL OUTPUT "ANIMAL LOVER" IF THE
USER OWNS A DOG OR A CAT.
=IF(OR(B1,B2>0),"ANIMAL LOVER","LONELY PERSON") IS NOT VALID FORMULA SYNTAX.
=AND(IF(B1>0,"ANIMAL LOVER","LONELY PERSON"),IF(B2>0,"ANIMAL LOVER","LONELY PERSON")) IS
NOT VALID FORMULA SYNTAX.
WHAT IF FUNCTION WILL OUTPUT REVENUE GROWTH BASED ON THE SCENARIO SELECTED IN CELL
F10?
=IF(F10=C14,F14,IF(F10=C15,F15,F16))
=IF(F10=C15,F15,IF(F10=C14,F14,F16))
=IF(F10=C16,F16,IF(F10=C14,F14,F15))
ALL OF THE ABOVE
THE CORRECT ANSWER IS: ALL OF THE ABOVE.
THIS QUESTION USES A NESTED IF STATEMENT. ANY OF THE CASES (BEST CASE, BASE CASE, WEAK
CASE) CAN BE USED AS THE LOGICAL TEST, WHICH IS THE FIRST ARGUMENT IN THE IF STATEMENT.
TWO IF STATEMENTS ARE REQUIRED BECAUSE THERE ARE THEE POSSIBLE SCENARIOS. THE LAST
ARGUMENT IN THE FUNCTION WILL HAVE THE CASE THAT WAS NOT USED IN THE TWO LOGICAL
TESTS. THESE LOGICAL TESTS CAN BE IN ANY ORDER.
IDENTIFY THE BEST FORMULA THAT WILL OUTPUT 2016 EXPENSES. HINT: ONLY SELECT THE 'RANGE
LOOKUP' ARGUMENT IF IT IS NECESSARY.
=HLOOKUP(2016,B2:D4,2,0)
=HLOOKUP(2016,A1:D4,3)
=HLOOKUP("EXPENSES",A1:D4,2)
=HLOOKUP(2016,B2:D4,2)
THE CORRECT ANSWER IS: =HLOOKUP(2016,A1:D4,3)
=HLOOKUP(2016,B2:D4,2,0) WILL NOT RESULT IN A VALID OUTPUT BECAUSE 2016 IS NOT SELECTED
IN THE TABLE ARRAY ARGUMENT.
=HLOOKUP("EXPENSES",A1:D4,2) WILL RESULT IN A #NAME ERROR BECAUSE "EXPENSES" IS NOT A
HORIZONTAL LOOKUP REFERENCE.
=HLOOKUP(2016,B2:D4,2) WILL REFERENCE THE REVENUE LINE RATHER THAN THE EXPENSES LINE
BECAUSE THE THIRD ARGUMENT REFERENCES THE ROW 2 IN THE TABLE ARRAY.
IDENTIFY THE FORMULA THAT WILL OUTPUT 2016 EXPENSES (55).
=OFFSET(B1,3,2)
=OFFSET(B1,2,3)
=OFFSET(A1,2,2)
=OFFSET(A1,3,3)
THE CORRECT ANSWER IS: =OFFSET(A1,2,2)
=OFFSET(B1,3,2) WILL RETURN 65.
=OFFSET(B1,2,3) WILL RETURN (75).
=OFFSET(A1,3,3) WILL RETURN 55.
IDENTIFY THE FORMULA THAT WILL OUTPUT 2016 EXPENSES:
=CHOOSE(2,B3:D3)
=CHOOSE(2,B3,C3,D3)
=CHOOSE(2,A3,B3,C3,D3)
THE CORRECT ANSWER IS: =CHOOSE(2,B3,C3,D3)
=CHOOSE(2,B3:D3) IS NOT VALID SYNTAX FOR THIS FORMULA; CELLS MUST BE INDIVIDUALLY
SELECTED.
=CHOOSE(2,A3,B3,C3,D3) WILL OUTPUT 2015 EXPENSES.
IDENTIFY THE FORMULA THAT OUTPUTS 2016 EXPENSES.
=VLOOKUP("EXPENSES",A1:D4,3,1)
=VLOOKUP("EXPENSES",A1:D4,3)
=VLOOKUP(2016,A1:D4,3)
=VLOOKUP("EXPENSES",A1:D4,3,0)
THE CORRECT ANSWER IS: =VLOOKUP("EXPENSES",A1:D4,3,0)
=VLOOKUP("EXPENSES",A1:D4,3,1) LOOKS FOR AN APPROXIMATE MATCH AND REQUIRES THAT THE
REFERENCE RANGE BE IN ASCENDING ORDER.
=VLOOKUP("EXPENSES",A1:D4,3) ALSO LOOKS FOR AN APPROXIMATE MATCH AS SPECIFIED BY
MATCH TYPE 1, AND REQUIRES THAT THE REFERENCE RANGE BE IN ASCENDING ORDER.
IDENTIFY THE FORMULA THAT OUTPUTS DATA FROM THE TABLE BASED ON THE USER INPUTS IN
CELLS C6 AND C7.
=OFFSET(A1,MATCH(C6,A2:A4),MATCH(C7,B1:D1))
=OFFSET(B1,MATCH(C6,A2:A4,0),MATCH(C7,B1:D1))
=OFFSET(A1,MATCH(C6,A2:A4,0),MATCH(C7,B1:D1))
=OFFSET(A1,MATCH(C7,B1:D1),MATCH(C7,A2:A4,0))
THE CORRECT ANSWER IS: =OFFSET(A1, MATCH(C6,A2:A4,0),MATCH(C7,B1:D1)).
=OFFSET(A1,MATCH(C6,A2:A4),MATCH(C7,B1:D1)) DOES NOT RETURN THE CORRECT VALUE BECAUSE
AN EXACT MATCH IS NOT SPECIFIED FOR THE MATCH FUNCTION USED FOR THE 'ROW' ARGUMENT
OF THE OFFSET FUNCTION.
=OFFSET(B1,MATCH(C6,A2:A4,0),MATCH(C7,B1:D1)) USES AN INCORRECT CELL REFERENCE FOR THE
REFERENCE ARGUMENT OF THE OFFSET FUNCTION, WHICH MUST BE IN THE UPPER LEFT CORNER OF
THE TABLE.
=OFFSET(A1,MATCH(C7,B1:D1),MATCH(C7,A2:A4,0)) REVERSES THE MATCH FUNCTIONS USED FOR
THE ROW AND COLUMN REFERENCES IN THE OFFSET FUNCTION, RETURNING #N/A.
WHAT INDEX & MATCH COMBO WILL CREATE A DYNAMIC REFERENCE BASED ON WHATEVER
METRIC AND DATE YOU INPUT IN CELLS F10 AND F11, RESPECTIVELY?
=INDEX(D6:H8,MATCH(F10,C6:C8,0),MATCH(F11,D5:H5,0))
=INDEX(D6:H8,MATCH(F10,C6:C8,1),MATCH(F11,D5:H5,0))
=INDEX(D6:H8,MATCH(F10,C6:C8,1),MATCH(F11,D5:H5,1))
=INDEX(D6:H8,MATCH(F10,C6:C8,0),4)
THE CORRECT ANSWER IS: =INDEX(D6:H8,MATCH(F10,C6:C8,0),MATCH(F11,D5:H5,0)).
=INDEX(D6:H8,MATCH(F10,C6:C8,1),MATCH(F11,D5:H5,0)) USES MATCH TYPE 1 FOR THE FIRST
ARGUMENT, WHICH REQUIRES VALUES TO BE IN ASCENDING ORDER, AND IS NOT VALID FOR THIS
REFERENCE.
=INDEX(D6:H8,MATCH(F10,C6:C8,1),MATCH(F11,D5:H5,1)) USES MATCH TYPE 1 FOR BOTH MATCH
FUNCTION, WHICH REQUIRES VALUES TO BE IN ASCENDING ORDER, AND IS NOT VALID FOR THIS
REFERENCE.
=INDEX(D6:H8,MATCH(F10,C6:C8,0),4) SELECTS THE FOURTH COLUMN INSTEAD OF THE FIFTH, AND
IS STATIC; IT WILL NOT CHANGE IF A DIFFERENT DATE IS ENTERED.
BELOW IS A DATA TABLE DESIGNED TO DISPLAY THE EFFECT ON 2015 NET PROFIT BASED OF
CHANGES IN 2015 REVENUE GROWTH AND 2015 COGS %. PLEASE PROVIDE:
THE CELL REFERENCE REQUIRED IN D22.
THE ROW INPUT CELL REQUIRED BY THE DATA TABLE.
THE COLUMN INPUT CELL REQUIRED BY THE DATA TABLE.
PROVIDE ALL THREE CELL REFERENCES, IN ORDER ABOVE, SEPARATED BY COMMAS WITH NO
SPACE (I.E. A1,A2,A3) NOTE: DO NOT INCLUDE SPACES WITHIN ANSWER
THE CORRECT ANSWER IS: E8,E10,E
E8 IS THE CELL REFERENCE FOR 2018 NET INCOME, THE OUTPUT VARIABLE, WHICH MUST BE IN THE
TOP LEFT CORNER OF THE TABLE. E10, THE 2015 REVENUE GROWTH RATE, IS THE ROW INPUT CELL,
THE VARIABLE THAT IS BEING SENSITIZED IN THE TOP ROW OF THE TABLE. E11, THE COGS %, IS THE
COLUMN INPUT VARIABLE THAT IS BEING SENSITIZED.
IDENTIFY THE FORMULA THAT SUMS THE PROPERTY VALUES OF PROPERTIES IN BOSTON.
=SUMIF(B2:B5,"BOSTON",C2:C5)
=SUMIF(C2:C5,"BOSTON",B2:B5)
=SUMIF(C2:C5,BOSTON,B2:B5)
THE CORRECT ANSWER IS: =SUMIF(C2:C5,"BOSTON",B2:B5)
=SUMIF(B2:B5,"BOSTON",C2:C5) DOES NOT USE THE CORRECT RANGE FOR MATCHING WITH THE
SUM CRITERIA
=SUMIF(C2:C5,BOSTON,B2:B5) DOES NOT USE QUOTES FOR "BOSTON", WHICH WILL RETURN AN
ERROR
IDENTIFY THE FORMULA THAT OUTPUTS THE SUM OF PROPERTY VALUES FOR PROPERTIES IN
BOSTON THAT WERE BUILT AFTER 1950.
=SUMIFS(B2:B5,C2:C5,"BOSTON",D2:D5,">1950")
=SUMIFS(C2:C5,"BOSTON",D2:D5,">1950",B2:B5)
=SUMIF(B2:B5,AND(D2:D5,">1950",C2:C5,"BOSTON")
THE CORRECT ANSWER IS: =SUMIFS(B2:B5,C2:C5,"BOSTON",D2:D5,">1950")
=SUMIFS(C2:C5,"BOSTON",D2:D5,">1950",B2:B5) SELECTS COLUMN C INSTEAD OF COLUMN B AS
THE SUM RANGE
=SUMIF(B2:B5,AND(D2:D5,">1950",C2:C5,"BOSTON") INCORRECTLY SELECTS COLUMN D INSTEAD OF
COLUMN B AS THE SUM RANGE
WHAT FORMULA USING A "SUM" FUNCTION RETURNS THE CORRECT VALUE FOR THE PROCEEDS
FOR OPTIONS "IN THE MONEY" AS SEEN IN CELL C11 (I.E., MAXIMUM PROCEEDS FOR OPTIONS
WITH A STRIKE PRICE LESS THAN THE SHARE PRICE)?
THE CORRECT ANSWER IS: =SUMPRODUCT(B5:B9,C5:C9*(C5:C9<C2))
SUMPRODUCT WILL MULTIPLY ARRAY B AND ARRAY C. THE LAST PORTION OF THE FORMULA
*(C5:C9<C2) INCORPORATES THE CRITERIA TO ONLY MULTIPLY THE CELLS WHERE THE EXERCISE
PRICE IS LESS THAN THE PRICE PER SHARE.
WHAT IS THE NPV OF THESE CASH FLOWS, ASSUMING END OF PERIOD DISCOUNTING?
ROUND TO NEAREST WHOLE NUMBER AND USE COMMA SEPARATOR, SO IF YOUR ANSWER IS
1,578.6, INPUT 1,579. DON'T INPUT CURRENCY SYMBOLS OR ANY EXTRA SPACES
THE CORRECT ANSWER IS 4,
USING THE NPV FORMULA: =NPV(D7,D6:H6). D7 IS THE "RATE" ARGUMENT FOR THE NPV FUNCTION;
D6:H6 IS THE RANGE CONTAINING THE CASH FLOWS TO BE DISCOUNTED.
WHAT IS THE NPV, THIS TIME ASSUMING BEGINNING OF PERIOD DISCOUNTING?
ROUND TO NEAREST WHOLE NUMBER AND USE COMMA SEPARATOR, SO IF YOUR ANSWER IS
1,578.6, INPUT 1,579. DON'T INPUT CURRENCY SYMBOLS OR ANY EXTRA SPACES
THE CORRECT ANSWER IS 5,
=D6+NPV(D7,E6:H6). TO ADJUST THE FORMULA FOR BEGINNING OF PERIOD DISCOUNTING,
CALCULATE USING THE NPV FUNCTION AS IN THE PREVIOUS QUESTION, BUT LEAVE OUT THE FIRST
PERIOD CASH FLOWS. ADD THE FIRST PERIOD'S CASH FLOWS TO THIS CALCULATION.
