Describe How Spreadsheets Like the One in the Accompanying Figure

question 31

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Describe how spreadsheets like the one in the accompanying figure function and are organized. Define the following terms and concepts in your response: cell, value, formula, function, recalculation, and charting.

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Definitions:

Invoices

Documents issued by a seller to a buyer, specifying the products or services provided and requesting payment at the agreed price.

Terms

Conditions and arrangements under which agreements and financial deals are made.

Operating Expenses

The costs associated with running a business's day-to-day operations, including rent, utilities, payroll, and raw materials.

Mark-up

The difference between the cost price and selling price of an item, expressed as a percentage of the cost.