Describe How Spreadsheets Like the One in the Accompanying Figure

question 147

Essay

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.

Analyze the effects of changes in fixed costs and sales volume on the break-even point.

Determine the contribution margin ratio and its impact on profitability.

Understand the impact of changes in variable and fixed costs on net income.

Calculate and interpret a company's margin of safety percentage.

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Definitions:

Company Books Adjustment

The process of making corrections or changes to the financial records of a business to reflect accurate financial positions.

Internal Control

A method deployed by a business to maintain the accuracy of finance and accounting data, achieve operational and profitability goals, and disseminate management strategies across the company.

Information And Communication

Systems and processes used to collect, process, store, and distribute information for facilitating decision making and control in an organization.

Business Goals

Objectives or targets that a company aims to achieve, which can be short-term or long-term, and are part of strategic planning.