A Formula Begins with A(n) Equal Sign and Contains Cell

question 29

True/False

A formula begins with a(n) equal sign and contains cell references instead of raw numbers for a calculation.

---

Definitions:

Operating Expense

Refers to the costs associated with the day-to-day functions of a business, excluding costs related to production.

Credit Terms

Conditions under which a seller will extend credit to a buyer, including repayment periods and interest rates.

Merchandise Return

Occurs when customers return previously purchased products to the seller, typically resulting in a refund or store credit.

Account Settlement

The process of reconciling and closing an account by paying off any outstanding balance.