# Excel Fundamentals – Formulas for Finance -CFI Quiz Answer

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What combination of keys will autofill highlighted cells to the right?

**CTRL + R (PC and Mac)**- CTRL + D (PC and Mac)
- ALT + R (PC) / Alt + R (Mac)
- ATL + D (PC) / Alt + D (Mac)

What combination of keys turns the value in a cell into a percentage?

**ALT + H + P (PC) / Ctrl + Shift + % (Mac)**- CTRL + H (PC) / Command + H (Mac)
- ALT + P (PC) / Ctrl + P (Mac)
- ALT + M (PC) / Ctrl + M (Mac)

Which of the following formulas properly produces the string “Income Statement”?

**= “Income”&” “&”Statement”**- = “Income”&”Statement”
- =Income&Statement
- = “Income ”+”Statement”

Suppose today is December 14, 2014. Which of the following functions will NOT return 12/14/2014 as a date?

- =TODAY()
**=12/14/2014**- 12/14/2014
- =DATE(2014,12,14)

Given the above screenshot, which of the following formulas will NOT produce the correct weighted average of 7,751 as in cell D10?

**=D8/C8**- =(C3*D3+C4*D4+C5*D5+C6*D6+C7*D7)/C8
- =SUMPRODUCT(C3:C7,D3:D7)/SUM(C3:C7)
- =SUMPRODUCT(C3:C7,D3:D7)/C8

Suppose the following formula is inputted into Excel:

=MROUND(1/4,100)

The output in the cell will be:

**0**- 0.2500
- 0.25
- 1

Given the above screenshot, suppose =SMALL(C2:C6,4) is entered into cell C9. What output will result from this formula?

- #NUM!
- 50
**780**- 2000

Suppose =IFERROR(5000/2,1000)+100 is entered into a cell. What is the resulting output of this formula?

- #VALUE!
- 1100
**2600**- #NUM!

According to the information mentioned in the course, which of the following color schemes is best practice for financial modeling?

- Hard Codes in Black, Hard Codes in Red
- Hard Codes in Red, Formulas in Black
**Hard Codes in Blue, Formulas in Black**- Hard Codes in Black, Formulas in Blue

Which of the following formulas correctly anchors ONLY the row in cell A1?

- A1
- $A1
**A$1**- $A$1

What is the result of inputting =IF(5>9,ok,error) into a cell?

- error
- ok
**#NAME?**- 5

What is the correct syntax for the =YEARFRAC function?

- =YEARFRAC(basis,start_date,end_date)
- =YEARFRAC(start_date)
**=YEARFRAC(start_date,end_date,[basis])**- =YEARFRAC(end_date,start_date)

The result of =ROUND(513.2413,2) is __

**513.24**

Given the above screenshot, which of the following is the resulting value in cell G2?

- 12/31/2021
**12/31/2020**- 9/30/2017
- 12/31/2019

Given the above screenshot, what is the resulting value in cell D22?

- ERROR
- OK
- TRUE
**FALSE**