Phil Has Put Together the Worksheet Above with a 5-Year

question 30

Multiple Choice

Phil has put together the worksheet above with a 5-year cash flow estimate for his shoe company. He needs to explain the chart to his investors. Please answer the questions below using this figure as a reference.
-Phil also assumes that the actual taxes owed will be rounded to the nearest dollar. Using this information, he enters the formula ____ in cell C18 to calculate the taxes. This is the area indicated by #1 in the figure above.

• A) =ROUND(Taxrate*C16,0)
• B) =-ROUND(Taxrate*C16,0)
• C) =-ROUND(Taxrate*C16,1)
• D) =-ROUND(Taxrate*C16,2)

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Definitions:

Reasoning

The act of analyzing something systematically to arrive at a decision or evaluation.

Ad Hominem Fallacy

A fallacy that attacks the person making an argument rather than the argument itself, aiming to discredit the argument by discrediting its proponent.

Argument

A set of statements or reasons made to support or oppose an idea, cause, or proposition.

Person

An individual human being.