Of the Excel Functions Used with the Normal Distribution, ______

question 99

Multiple Choice

Of the Excel functions used with the normal distribution, ______ returns the Z value for a given cumulative probability.

• A)STANDARDIZE function
• B)NORM.DIST()function
• C)NORM.INV()function
• D)a and c

Recognize the importance of financial information publication by not-for-profit organizations.

Identify the components and significance of a firm's balance sheet and its relation to financial positioning.

Understand the preparation and utility of cash budgets in financial planning.

Learn about various financial ratios, their computations, and their importance in assessing financial health.

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Definitions:

Single-Entry Bookkeeping System

An accounting method in which each financial transaction is recorded only once in account books; similar to a checkbook register; the journal for each transaction is recorded in one column, or on a single line, to account for either a positive or negative amount to demonstrate the receipt or disbursement of cash.

Checkbook Register

A record of all deposits, withdrawals, checks, and transactions made through a checking account.

Cash Control Sheet

A financial document used to track the inflow and outflow of cash within a business to ensure accurate accounting and prevent fraud.

Pegboard System

An organizational tool consisting of a board with holes that can hold pegs or hooks for the purpose of hanging or displaying items.