When You Copy a Formula That Contains an Absolute Reference

question 70

Multiple Choice

When you copy a formula that contains an absolute reference to a new location,the reference ____.

• A)is updated automatically
• B)does not change
• C)becomes bold
• D)has a dotted outline in its cell

Calculate and interpret accounts receivable turnover.

Understand the calculation of average sale and collection periods.

Calculate and differentiate between various liquidity and efficiency ratios.

Grasp the concepts of operating cycle and its components.

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Definitions:

Statute Of Frauds

A legal concept that requires certain types of contracts to be executed in writing and signed by the party to be charged, to prevent fraud and perjuries.

Oral Modification

An agreement to change the terms of a contract using spoken words rather than written documentation.

Unconscionable

A term describing a contract or practice that is unjust or extremely one-sided in favor of the party who has the superior bargaining power.

Definition

A precise explanation of the meaning of a word or phrase, often distinguishing it from similar concepts.