Examlex
The following table shows the average monthly distance travelled (in Billion Miles) by vehicles on urban highways for five different years.
a. Use Excel to create sparklines for the average monthly vehicle distance travelled each year.
b. Which year has decreasing trend of the average distance travelled? Which year has increasing
trend of the average distance travelled?
c. Use Excel to create a heat map for the average distance travelled by vehicles. Do you find the
heat map or the sparklines to be better at communicating the trend of the average vehicle distance
travelled over different years? Why?
Bank Reconciliation
The process of matching the balances in an entity's accounting records for a cash account to the corresponding information on a bank statement.
Bank Balance
Bank balance refers to the total amount of money available in a bank account at a specific point in time, as recorded by the financial institution.
Book Balance
The balance in a financial account according to a company's accounting records, not necessarily reflective of available funds.
Statement of Cash Flows
A report detailing the total cash received by a company from its operational activities and external investments, alongside the total cash expenditures for business activities and investments over a specific time frame.
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