In a Spreadsheet, a Number Such as 12 Entered into a Cell

question 100

Multiple Choice

In a spreadsheet, a number such as 12 entered into a cell represents a ____.

• A) calculated value
• B) submenu
• C) numeric value
• D) text label

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Definitions:

Estimated Bad Debts

An account on the financial statements estimating the amount of receivables that a company does not expect to collect.

Percentage of Sales Method

An accounting technique used to estimate bad debts or the allowance for doubtful accounts based on a predetermined percentage of sales.

Current Revenues

Income generated from the normal business operations within the current accounting period.

Anticipated Current Expenses

Projected expenses that a company expects to incur within the current accounting period.