In a retail business, a range of electronic devices was launched over different quarters of the year.
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Question:
In a retail business, a range of electronic devices was launched over different quarters of the year.
You have a table with Column A listing the device names, Column B indicating the quarter in which each device was launched, and Column C showing the revenue generated by each device.
The finance team needs to calculate the total revenue generated in each quarter (Qtr. 1, Qtr.2, Qtr.3, and Qtr.4) using the SUMIF function in Microsoft Excel. Based on the data provided below, explain how you would use the SUMIF function to determine the total revenue for each quarter.
Device QTR Revenue
Alpha 12000
Beta11500
Gamma11800
Delta22200
Epsilon21700
Zeta22100
Eta31900
Theta1600
Iota2300
Kappa42500
Lambda42400
Mu42600
Expert Answer:
SOLUTION IN DETAILS To determine the total revenue for each quarter using the SUMIF function in Microsoft Excel follow these steps 1 Create a separate ... View the full answer
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Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Posted Date:
