Discuss How to Use Conditional Formatting, Which Is the Feature

question 33

Essay

Discuss how to use conditional formatting, which is the feature of applying conditional operators to a cell, range, worksheet, or workbook.

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Definitions:

Lockboxes

A banking service where payments are sent to a special post office box rather than to the company's offices, to speed up transaction processing.

Disbursement Float

The time lag between when a payment is made by writing a check and when the funds are actually removed from the payer's account.

Float Costs

The expenses associated with issuing new stocks or bonds, including underwriting, legal, and registration fees.

Optimal Cash Balance

The ideal amount of cash a company should hold to minimize both holding costs and transaction costs.