It Is Better to Use Power Functions in Excel to Complete

question 22

True/False

It is better to use power functions in Excel to complete a calculation in a single cell than to spread out a calculation over many cells using simpler formulas

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Definitions:

Expenses

The outflow of money or other resources from a person or company to pay for goods or services.

Income Statement

A financial statement that reports a company's financial performance over a specific accounting period, detailing revenue and expenses to show net income or loss.

Revenues

The income generated from normal business operations and includes discounts and deductions for returned merchandise.

Expenses

Outflows of resources or incurrences of liabilities that result in a decrease in the equity of a company, other than distributions to owners.