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Leo, Owner of Leo's Bread Sampany, Recently Installed Excel 2013

question 90

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Leo, owner of Leo's Bread sampany, recently installed Excel 2013 and created a new workbook to track sales of different types of bread. He wants to determine which types of bread are the most popular among his customers. He is particularly interested in sales of rye bread, onion rolls, and bagels. Leo has formatted the sales numbers with the Acsaunting number format. Leo wants the sales numbers for rye bread, onion rolls, and bagels to look different each time the sales for each exceeds $500. What Excel feature can Leo use to acsamplish this?


Definitions:

External Reporting

The process of preparing and disclosing financial statements and other information to parties outside the organization.

Statement of Cash Flows

A statement of financial position that displays the influences of adjustments in balance sheet accounts and income on cash and cash equivalents, segmenting the analysis into operating, investing, and financing activities.

Income Statement

A financial statement that shows a company's revenue and expenses over a specific time period, concluding with the net profit or loss.

Operating Activities

Business activities related to daily operations, such as selling goods and services, which affect the cash flow of a company.

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