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What is a Spreadsheet?
A spreadsheet is an interactive
computer application program for
organization, analysis and storage
of data in tabular form.
Summary
Most business people use Spreadsheet to calculate the data of their
products, income or outcome due to all the advantages it provides
such as using formulas which can reduce the time taken to calculate
each amount. Moreover, it can also helps them to predict the outcome
if they change their rules in business. For example, a man who sell
electronic machines use spreadsheet to calculate the possible income
by calculating the possible number of customer he might lost and see
if there's still much incomes compare to before.
Formula
Example: = A1+A2 means adding the values in cell A1 and A2. One
advantage of calculating this in a spreadsheet is that if you change the value
in A1 or A2, the result will be re-calculated immedietly.
Alter column widths and easily delete or add columns and rows.
Underline, embolden text and use different fonts and graphics.
Justify your data to the left, centre or right.
Control the types of numbers you enter - for example you can choose percentage,
currency or set the number of decimal places.
A spreadsheet can be used as a modelling tool.
The model is controlled by a set of rules introduced by formulae. These rules can be
changed easily to vary the model and, for example, provide information about running
costs and profit margins.
A company could use a spreadsheet to find out what would happen if they reduced the
price of their product, and the effect it would have on their income from sales.
To do this they lower the value in the price column and the data in the income from
sales column will be automatically recalculated (downwards).
If the lower price resulted in higher sales, by adjusting the data in the number of sales
column, the income from sales data will again be recalculated (upwards).
Being able to answer "what if?" questions like this is vital and allows a company to
predict future trends in its income and outgoings.