Which of the following formula auditing tools displays arrows to all cells that use the active cell directly or indirectly in a formula?

In MS Excel 2007, to trace errors and show the cells that are referenced in a formula, we use _________ buttons.

1. trace formula
2. trace
3. formula auditing
4. formula

Answer (Detailed Solution Below)

Option 3 : formula auditing

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General Knowledge: Free Mock Test

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The correct answer isFormula auditing.

• Formula auditing allows showing graphical relationships between formulas and cells.
• It is used to trace errors in a formula.
• It is used to time our workbook calculation for each worksheet to find bottlenecks
• It is used to check columns for formula inconsistencies.

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• Some of the tools of formula auditing are as follows.
• Trace precedents are cells or groups of cells that affect the value of the active cell.
• Formulas like average, add and count may sometimes return wrong values or even give an error message that you must resolve in order to get the correct value you can use tools such as Trace Precedents that one can use to audit the calculations.
• Trace Dependents are defined as the cells or groups of cells that are affected by the selected cell. When using the formula auditing tool, Excel displays blue arrows that link the cells that are related to the active cell.
  • Trace Dependent is an in-built formulas auditing tool provided in MS Excel.
  • Trace Dependents is an Excel auditing tool that shows the cells that are affected by an active cell by displaying arrows linking the related cells to the active cell.
  • It helps users to analyze the relationship between the cells in a worksheet
• Error Checking is used to checks the active worksheet for errors.
  • If the worksheet contains errors then the Error Checking dialog box is displayed.
• Remove Precedent Arrows is used to removes tracer arrows from one level of dependents on the active worksheet.
• Remove Dependent Arrows – It is used to removes tracer arrows from one level of dependents on the active worksheet.
• Remove All Arrows is used to removes all tracer arrows from the active worksheet.
• Trace Error traces cells with error values.
  • If the active cell contains an error value then tracer arrows are drawn to the cells that may have caused the error.
• Circle Invalid Data is used to draws red circles around any cells that contain values that are outside the limits you set by using Data Validation. 
• Clear Validation Circles is used to removes circles around cells that contain values outside the limits you set by selecting.(Data > Validation).
• Show Watch Window is used to keep a close eye on certain formulas as you make changes to other parts of the worksheet, that is watch window
• Evaluate Formula displays the (Tools > Formula Auditing > Evaluate Formula) dialog box that enables you to evaluate parts of a formula.

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3. Which of the following functions adds a range of cells and then divides by the number of cell entries?

The Evaluate Formula tool steps through each part of a formula and displays an outcome for each part so that an error can be isolated.

Which of the following can be done using the auditing tools in Excel?

Which of the following can be done using the auditing tools in Excel? Trace the cells that make reference to a particular cell. Trace the cells that a particular cell refers to. Which of the following tips can be helpful when you can't figure out what formula needs to be entered in an output cell?

Which of the following cancel the formula before it is completed?

The 4% rule is a rule of thumb that suggests retirees can safely withdraw the amount equal to 4 percent of their savings during the year they retire and then adjust for inflation each subsequent year for 30 years.

The 4% rule is a simple rule of thumb as opposed to a hard and fast rule for retirement income. Many factors influence the safe withdrawal rate such as risk tolerance, tax rates, the tax status of your portfolio (i.e., the ratio of tax-deferred assets to taxable assets to tax-free assets) and inflation, among others.

The upside to this go-to rule is its simplicity. Having a guideline from retirement spending that’s this clean and simple makes planning much easier. The downsides are that it’s a number that might become outdated by the time you reach retirement, and that any flat number doesn’t adjust for market conditions, which surely will change year to year.

Let’s dig into the 4% rule a bit more — and unpack whether or not it might be a helpful guiding rule for your own retirement planning or whether it’s ill-equipped for the dynamic set of factors that rule over long-term savings and future spending.

Which of the following formula auditing tools displays arrows to all cells that use the active cell directly or indirectly in a formula?

Trace Dependents is an Excel auditing tool that shows the cells that are affected by an active cell by displaying arrows linking the related cells to the active cell.

Which of the following formula auditing tools displays lines with arrows to identify all cells referenced?

If you've wondered whether depreciation is an asset or a liability on the balance sheet, it's an asset — specifically, a contra asset account — a negative asset used to reduce the value of other accounts. If you have fixed assets worth $1.2 million and accumulated depreciation of $350,000, that reduces the value of the fixed asset account to $850,000.

For an accumulated depreciation balance sheet example, assume that at the end of the last quarter, you have $87,500 in the contra account. This quarter, you run up a depreciation expense of $9,000. At the end of the quarter, you add that to accumulated depreciation for a new total of $96,500.

Which of the following functions adds all the values and divides the result by the number of values?

• Debt financing is when you borrow money to run your business, as opposed to equity financing, in which you raise money from investors who are in return entitled to a share of the profits from your business.
• Examples of debt financing include traditional bank loans, personal loans, loans from family or friends, credit cards, government loans, lines of credit, and more.
• The main advantage of debt financing over equity financing is that the lender does not take an equity position in your business.

Which of the following Excel analysis tools is best when you want to solve for one variable in a problem?

Close substitutes for a product affect the elasticity of demand. If another product can easily be substituted for your product, consumers will quickly switch to the other product if the price of your product rises or the price of the other product declines. For example, beef, pork and poultry are all meat products. The declining price of poultry in recent years has caused the consumption of poultry to increase, at the expense of beef and pork. So products with close substitutes tend to have elastic demand.

An example of computing elasticity of demand using the formula is shown in Example 1. When the price decreases from $10 per unit to $8 per unit, the quantity sold increases from 30 units to 50 units. The elasticity coefficient is 2.25.

Inelastic Demand

Inelastic demand is shown in Figure 2. Note that a change in price results in only a small change in quantity demanded. In other words, the quantity demanded is not very responsive to changes in price. Examples of this are necessities like food and fuel. Consumers will not reduce their food purchases if food prices rise, although there may be shifts in the types of food they purchase. Also, consumers will not greatly change their driving behavior if gasoline prices rise.

What function adds all of the indicated cells together and divided by the total number of cells?

• Equivalence
  • Adjectiveself-administration.
  • Noun, singular or massself-administration.
• Forward Entailment
• Independent
  • Adjectiveself-rule, taking-over, self-, autonomous, self-administering, take-over, non-self-governing.
  • Noun, singular or massvitae, self-rule, empowerment, self-reliance, selfgovernment, self-sufficiency, self-sustainability.
• Other Related
  • Adjectiveself-government, self-managed, self-care, self-regulatory, self-governance, self-directed, self-determination, self-control, self-managing, self-governing.
  • Proper noun, singularself-managing.
  • Noun, singular or massself-government, self-care, self-governance, self-regulation, autonomy, self-determination, self-governing.

What are the tools used in auditing and Formula troubleshooting?

• The tools which we can use for auditing and formula troubleshooting in excel are: Trace Precedents. Trace Dependents. Remove Arrows. Show Formulas. Error Checking. Evaluate Formula.

What is formula auditing in Excel?

• Formula auditing in Excel allows you to display the relationship between formulas and cells. The example below helps you master Formula Auditing quickly and easily. You have to pay $96.00. To show arrows that indicate which cells are used to calculate this value, execute the following steps. 1. Select cell C13.

How much does it cost to master formula auditing?

• The example below helps you master Formula Auditing quickly and easily. You have to pay $96.00. To show arrows that indicate which cells are used to calculate this value, execute the following steps.

How do I audit a workbook in Excel?

• Click FILE > Options. In the Excel Options dialog box, click Advanced. Select the workbook. Check that under For objects, show, All is selected. Repeat this step for all the workbooks you are auditing. Precedent cells are those cells that are referred to by a formula in the active cell. In the following example, the active cell is C2.

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Which of the following formula auditing tools displays arrows?

How do you show formula arrows in Excel?

Which formula auditing command is used to identify which cells will be affected if you change the value of the currently selected cell?

Which of the following formula auditing features would you use if you wanted to see where a specific cell location was referenced in formulas entered into a worksheet?