Case 2-2 Anna Is a Competitive Runner.She Wants to Improve Her Performance

question 52

Multiple Choice

Case 2-2
Anna is a competitive runner.She wants to improve her performance and decides to keep track of data for six months to determine if the time of day or year she runs affects her performance.Her worksheet contains the following data: start and end time,total time,and distance.
-After three months,Anna wants to the know the average distance she runs.What should she do to calculate the average distance?

• A) Enter the text =av in a cell at the end of the distance data;then select the AVERAGE function from the Formula AutoComplete list and then enter the function's argument.
• B) Enter the text =ms in a cell at the end of the distance data;then select the MAX function from the Formula AutoComplete list and then enter the function's argument.
• C) Enter the text =function in a cell at the end of the distance data;then select the AVERAGE function from the AutoFunction list and then enter the function's argument.
• D) Enter the text =su at the end of the data in the Distance column;then select the SUM function from the Select Function list and then enter the function's argument.

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Definitions:

Fair Value

An estimate of the market value of an asset or liability, based on the price at which willing parties would enter into a transaction.

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenditure to the appropriate periods.

Debt Investments

Investments in bonds or other debt securities where the investor lends money to an entity in exchange for interest payments and the return of principal.

Accrued Annual Interest

Interest that has been incurred but not yet paid over a year, representing a liability for the borrower.