Question

In the Quarterly Sales worksheet, cell B9, enter a formula that consists of a cell reference to the Annual Salesworksheet, cell F16, multiplied by 1plus the growth value in the Quarterly Sales worksheet, cell B3.

Answer 1

In the 'Quarterly Sales' worksheet, you would enter the formula '= 'Annual Sales'!F16 * (1 + B3)' in cell B9 to calculate the future sales value based on the present value in 'Annual Sales' worksheet cell F16 and growth rate in 'Quarterly Sales' cell B3.

Step-by-step explanation:

The question pertains to entering a formula in a spreadsheet that calculates the future value based on a present value and a growth rate. Specifically, in cell B9 of a worksheet named Quarterly Sales, you are required to reference the value in cell F16 of another worksheet named Annual Sales and multiply it by the sum of 1 plus the growth value stated in cell B3 of Quarterly Sales. The formula to calculate future value is given by Future Value = Present Value x (1 + g), where 'g' represents the growth rate. To apply this in the given scenario, the formula in cell B9 would be:

= 'Annual Sales'!F16 * (1 + B3)

This would result in the multiplication of the annual sales figure from the prior year (from cell F16 of Annual Sales) by the growth factor which includes the original value plus the growth rate (from cell B3 of Quarterly Sales).