Table of contents

1. Introduction to Accounting1h 21m
2. Transaction Analysis1h 13m
3. Accrual Accounting Concepts2h 38m
4. Merchandising Operations2h 30m
5. Inventory1h 55m
6. Internal Controls and Reporting Cash1h 16m
7. Receivables and Investments3h 8m
8. Long Lived Assets5h 1m
9. Current Liabilities2h 19m
10. Time Value of Money1h 23m
- Time Value of Money Equations
  35m
- Using Time Value of Money Tables
  47m
11. Long Term Liabilities2h 45m
12. Stockholders' Equity2h 15m
13. Statement of Cash Flows2h 24m
14. Financial Statement Analysis5h 25m
15. GAAP vs IFRS56m

2. Transaction Analysis

Journal Entries: Debits and Credits

Financial Accounting

2. Transaction Analysis

Journal Entries: Debits and Credits

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Multiple Choice

Which of the following Excel formulas, when entered in cell D5, will correctly calculate the value of cell B5 divided by cell B4, rounded to 4 decimal places?

=ROUND(B5*B4, 4)

=B5/B4

=ROUND(B4/B5, 4)

=ROUND(B5/B4, 4)

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Verified step by step guidance

Step 1: Understand the problem. The goal is to calculate the value of cell B5 divided by cell B4 and round the result to 4 decimal places using an Excel formula.

Step 2: Recall the ROUND function in Excel. The ROUND function is used to round a number to a specified number of digits. Its syntax is ROUND(number, num_digits), where 'number' is the value to be rounded and 'num_digits' specifies the number of decimal places.

Step 3: Analyze the options provided. The formula =ROUND(B5*B4, 4) multiplies B5 and B4 instead of dividing them, so it is incorrect. The formula =B5/B4 performs the division but does not round the result, so it is also incorrect. The formula =ROUND(B4/B5, 4) divides B4 by B5, but the problem specifies dividing B5 by B4, so this is incorrect as well.

Step 4: Identify the correct formula. The correct formula is =ROUND(B5/B4, 4), as it divides B5 by B4 and rounds the result to 4 decimal places.

Step 5: Apply the formula in Excel. To implement this, enter =ROUND(B5/B4, 4) in cell D5. This will calculate the division of B5 by B4 and round the result to 4 decimal places.