2025/2026 Exam Questions and Verified
Answers | Already Graded A+
Total Cost - 🧠 ANSWER ✔✔=Fixed Cost + Variable Cost * Quantity
Produced
Influence Diagram - 🧠 ANSWER ✔✔A visual representation of a descriptive
model that shows how the elements of the model influence, or relate to,
others.
Revenue - 🧠 ANSWER ✔✔= Price * Quantity Sold
Gross Profit - 🧠 ANSWER ✔✔= Sales - Cost of Goods Sold
Operating Expenses - 🧠 ANSWER ✔✔= Admin Expenses + Selling
Expenses + Depreciation Expenses
, Net Operating Income - 🧠 ANSWER ✔✔= Gross Profit - Operating
Expenses
Earnings Before Taxes - 🧠 ANSWER ✔✔= Net Operating Income - Interest
Expense
Net Income - 🧠 ANSWER ✔✔= Earnings Before Taxes - Taxes
Spreadsheet Engineering - 🧠 ANSWER ✔✔The process of building
spreadsheet models
Verification - 🧠 ANSWER ✔✔The process of ensuring that a model is
accurate and free from logical errors.
Data Validation - 🧠 ANSWER ✔✔An Excel tool that allows you to define
acceptable input values in a spreadsheet and provides and error alert if an
invalid entry is made
-Data > Data Tools
-Select the cell range, click Data Validation
-Specify the criteria that Excel will use to flag invalid data.