ISTM 210 Exam 2 Excel (Phinney) With
100% Correct And Verified Answers 2024
Phinney's Fav formula - Correct Answer-CONCATENATE
CONCATENATE function - Correct Answer-CONCATENATE (text1,[text2],...) -
combines blocks of text
SEARCH function - Correct Answer-NOT case sensitive
COUNT function - Correct Answer-A function that determines how many cells in a range
contain a number.
Workbook - Correct Answer-excel file that stores all information, calculations, and
analyses.
Worksheet - Correct Answer-A computerized spreadsheet in Excel.
Cells - Correct Answer-store individual pieces of data/collections
Cell Address - Correct Answer-The name of the cell is determined by the name of the
row and the column intersecting, such as A8.
Fill Feature - Correct Answer-allows you to automatically populate cells in a worksheet
by copying the contents of one cell to other contiguous cells
Freeze Panes - Correct Answer-allows user to lock rows and columns so they don't
disappear.
Format Painter - Correct Answer-A feature that copies format attributes such as colors,
borders, and fill effects from an object, text, or cell in order to apply the same formatting
to another object, text, or cell.
AVG - Correct Answer-average, calculates the simple average of a set of numbers
Absolute Reference - Correct Answer-cell reference that remains constant when a
formula is pasted into a new cell. C$1, $C$1, $C1
Relative reference - Correct Answer-changes when reference is copied and pasted into
other cells
SUM function - Correct Answer-calculates the total of values contained in two or more
cells
, Function Wizard - Correct Answer-1. allows you to enter or select the inputs for the
function
2. provides a description of the function and each argument
3. lists the function result based on the inputs you enter
COUNT - Correct Answer-counts the number of cells in a range of cells that contain
numbers
MAX - Correct Answer-returns the largest value in a set of values
MIN - Correct Answer-returns the smallest value in a set of values
COUNTA - Correct Answer-counts the number of cells in a range that are NOT blank
RATE - Correct Answer-calculates interest rate earned for an investment given the
number of payments made as part of the investment, payment amount, and current
value.
EFFECT - Correct Answer-calculates effective annual percentage rate for an interest
rate given the number of periods per year that interest is charged.
NPER - Correct Answer-calculates the number of payments that will be made to pay off
a loan given the interest rate, payment amount, and original loan amount.
PMT - Correct Answer-Function that calculates the periodic payment for an installment
loan.
PV - Correct Answer-calculates the current value (accounting for compounding interest)
of an investment given the interest rate, number of payments to be made, and the
amount of the payment.
FV - Correct Answer-calculates the future value of an investment given the interest rate,
number of payments to be made, and the amount of the payment.
Trace Precedents - Correct Answer-allows you to see which cells are referenced in a
particular formula or function
Trace Dependents - Correct Answer-allows you to see which other cells reference a
particular cell
Show Formulas - Correct Answer-shows all the formulas in each cell
AND function - Correct Answer-all combined expressions are TRUE, FALSE if one
expression returns as false.
100% Correct And Verified Answers 2024
Phinney's Fav formula - Correct Answer-CONCATENATE
CONCATENATE function - Correct Answer-CONCATENATE (text1,[text2],...) -
combines blocks of text
SEARCH function - Correct Answer-NOT case sensitive
COUNT function - Correct Answer-A function that determines how many cells in a range
contain a number.
Workbook - Correct Answer-excel file that stores all information, calculations, and
analyses.
Worksheet - Correct Answer-A computerized spreadsheet in Excel.
Cells - Correct Answer-store individual pieces of data/collections
Cell Address - Correct Answer-The name of the cell is determined by the name of the
row and the column intersecting, such as A8.
Fill Feature - Correct Answer-allows you to automatically populate cells in a worksheet
by copying the contents of one cell to other contiguous cells
Freeze Panes - Correct Answer-allows user to lock rows and columns so they don't
disappear.
Format Painter - Correct Answer-A feature that copies format attributes such as colors,
borders, and fill effects from an object, text, or cell in order to apply the same formatting
to another object, text, or cell.
AVG - Correct Answer-average, calculates the simple average of a set of numbers
Absolute Reference - Correct Answer-cell reference that remains constant when a
formula is pasted into a new cell. C$1, $C$1, $C1
Relative reference - Correct Answer-changes when reference is copied and pasted into
other cells
SUM function - Correct Answer-calculates the total of values contained in two or more
cells
, Function Wizard - Correct Answer-1. allows you to enter or select the inputs for the
function
2. provides a description of the function and each argument
3. lists the function result based on the inputs you enter
COUNT - Correct Answer-counts the number of cells in a range of cells that contain
numbers
MAX - Correct Answer-returns the largest value in a set of values
MIN - Correct Answer-returns the smallest value in a set of values
COUNTA - Correct Answer-counts the number of cells in a range that are NOT blank
RATE - Correct Answer-calculates interest rate earned for an investment given the
number of payments made as part of the investment, payment amount, and current
value.
EFFECT - Correct Answer-calculates effective annual percentage rate for an interest
rate given the number of periods per year that interest is charged.
NPER - Correct Answer-calculates the number of payments that will be made to pay off
a loan given the interest rate, payment amount, and original loan amount.
PMT - Correct Answer-Function that calculates the periodic payment for an installment
loan.
PV - Correct Answer-calculates the current value (accounting for compounding interest)
of an investment given the interest rate, number of payments to be made, and the
amount of the payment.
FV - Correct Answer-calculates the future value of an investment given the interest rate,
number of payments to be made, and the amount of the payment.
Trace Precedents - Correct Answer-allows you to see which cells are referenced in a
particular formula or function
Trace Dependents - Correct Answer-allows you to see which other cells reference a
particular cell
Show Formulas - Correct Answer-shows all the formulas in each cell
AND function - Correct Answer-all combined expressions are TRUE, FALSE if one
expression returns as false.
