Q:

What is a variable in a spreadsheet?

A:

A variable in spreadsheet is a unit of storage that can change to any value or state at any time. The word variable can also be used to refer to the value itself.

Know More

Full Answer

There are different types of variables including numeric variables, memory addresses and character variables. To make referencing the variables easier, one should name the variables used in the calculation. Variables help make calculations in spreadsheet more flexible. Therefore, in spreadsheets, one can just change the value of variables and repeat the calculation. Without them, it would mean changing the whole calculation. It is also possible to use a range of cells as a variable. In such a case, they are operated upon as a single unit.

Learn more in Accounting
Sources:

Related Questions

  • Q:

    What is the difference between a balance sheet and an income statement?

    A:

    An income statement represents a period of time (the length of this period may vary), whereas a balance sheet reflects finances at one particular point in time. Whereas the income statement lists all of a business’s income and expenses over a period of time, the balance sheet presents a snapshot of the company’s finances.

    Full Answer >
    Filed Under:
  • Q:

    When should an invoice be issued?

    A:

    Any company that sells to non-consumers should issue an invoice to the buyer at the time an order is placed or a purchase transaction takes place. In some cases, companies send invoices at the start, middle or end of a month instead of at the time of each purchase.

    Full Answer >
    Filed Under:
  • Q:

    What is the formula for depreciation rate?

    A:

    There are three commonly used formulas for depreciation based on time: declining balance method, straight line method and sum-of-the-years'-digits method. The first formula calculates book value multiplied by depreciation rate; the book value equals cost minus accumulated depreciation. To calculate the depreciation rate for a double declining balance, use straight line depreciation rate multiplied by 200 percent. Likewise, for a 150 percent declining balance, use straight line depreciation rate multiplied by 150 percent.

    Full Answer >
    Filed Under:
  • Q:

    What is a sales analysis report?

    A:

    According to the Houston Chronicle, a sales analysis report is a report that shows the trends that occur in a company's sales volume over time. It shows whether or not a company's sales are increasing or decreasing.

    Full Answer >
    Filed Under:

Explore