You Need to Work on an Excel Web App File

question 3

Multiple Choice

You need to work on an Excel Web App file that is stored in your SkyDrive,but you will not have Internet access while on a long flight.What should you do next?

• A) Open the file already stored on your laptop and click to save a copy.
• B) Log in to Windows Live and click "Email Copy" from the File menu.
• C) Open the file in the Excel Web App and click to save a copy.
• D) You cannot do this in the Excel Web App.

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Definitions:

Credit Sales

Transactions involving the transfer of goods or services to a customer with the agreement that payment will be made at a later date.

Uncollectible Accounts

Debts owed to a company that are considered unlikely to be paid by the debtor, often resulting in a write-off for the creditor.

Adjusting Entry

Journal entries made in accounting records at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

Percentage of Sales Method

A financial forecasting model that bases future variables, like expenses and income, on a percentage of sales.