What Does the Excel =SUMPRODUCT(A1:A5,C6;C10) Command Do

question 55

Multiple Choice

What does the Excel =SUMPRODUCT(A1:A5,C6;C10) command do?

• A)Sums each range and multiplies the sums.
• B)Sum each pair of cells and multiples each sum.
• C)Multiplies the contents of cells containing the =SUM() command.
• D)Multiplies each pair of cells and sums each product.

---

Definitions:

Preferred Dividends

Payments made to preferred shareholders, often at a fixed rate, that take precedence over dividends to common shareholders.

Common Dividends

Profits distributed to shareholders of common stock, reflecting the company's earnings and financial health.

Effective Tax Rate

The average rate at which an individual or business is taxed on their total income, after deductions and credits.

GAAP

Generally Accepted Accounting Principles, which are a collection of commonly followed accounting rules and standards for financial reporting.