Multiple Choice
Phil has put together the worksheet above with a 5-year cash flow estimate for his shoe company. He needs to explain the chart to his investors. Please answer the questions below using this figure as a reference.
-Phil also assumes that the actual taxes owed will be rounded to the nearest dollar. Using this information, he enters the formula ____ in cell C18 to calculate the taxes. This is the area indicated by #1 in the figure above.
A) =ROUND(Taxrate*C16,0)
B) =-ROUND(Taxrate*C16,0)
C) =-ROUND(Taxrate*C16,1)
D) =-ROUND(Taxrate*C16,2)
Correct Answer:
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