Question: 1. You will need to add a column and create a function that calculates Cash Flow based on criteria from Type. Create an IF statement

1. You will need to add a column and create a function that calculates Cash Flow based on criteria from Type. Create an IF statement that returns a negative cash flow (looks like ($500.00) for example) if the type was a Withdrawal. For all other types, the cash flow should be positive.What formula do i use for it?
1. You will need to add a column and create a function

Date Day of Week Account Type Amount Cash Flow Customer Branch 1-Aug Friday Savings New Account 3000 New Anderson Hills 1-Aug Friday Checking New Account 380 New Blue Ash 1-Aug Friday Checking New Account 3070 New Anderson Hills 1-Aug Friday Checking New Account 3560 New Blue Ash 1-Aug Friday Checking New Account 620 New Anderson Hills 1-Aug Friday Certificate of Deposit New Account 39700 New Blue Ash 1-Aug Friday Certificate of Deposit New Account 49300 New Delhi 1-Aug Friday Certificate of Deposit New Account 19600 New Blue Ash 1-Aug Friday Savings Deposit 3000 Current Delhi 1-Aug Friday Savings Deposit 1100 Current Anderson Hills 1-Aug Friday Savings Deposit 1500 Current Anderson Hills 1-Aug Friday IRA Current Contribution 1100 Current Anderson Hills 1-Aug Friday Checking Withdrawal 3800 Current Anderson Hills 1-Aug Friday Checking Deposit 3550 Current Anderson Hills 1-Aug Friday Checking Deposit 940 Current Blue Ash 1-Aug Friday Checking Deposit 250 Current Delhi 1-Aug Friday Checking Deposit 3090 Current Anderson Hills 1-Aug Friday Checking Withdrawal 890 Current Anderson Hills 1-Aug Friday Checking Deposit 760 Current Blue Ash 1-Aug Friday Checking Deposit 750 Current Anderson Hills 1-Aug Friday Checking Withdrawal 420 Current Anderson Hills 1-Aug Friday Checking Deposit 140 Current Anderson Hills 1-Aug Friday Checking Withdrawal 930 Current Blue Ash 1-Aug Friday Checking Withdrawal 330 Current Anderson Hills 1-Aug Friday Checking Withdrawal 130 Current Anderson Hills 1-Aug Friday Checking Deposit 170 Current Anderson Hills 1-Aug Friday Checking Deposit 980 Current Delhi

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!