How Do Companies Use Spreadsheets?
Companies use spreadsheets for a variety of purposes. The programs can calculate, sort and analyze data so that management is better able to understand how the business is functioning. Spreadsheets are set up in a grid format. Each piece of data is placed in its own cell so that it can be used properly. Data can be numbers or words. Words are sorted alphabetically and numbers numerically. Numbers are calculated with addition, subtraction, multiplication and division. Formulas can also be created to make more complicated calculations. Companies use spreadsheets to track employees, production and finances. Employee data can record and track overtime and absences. Production quantities can be collected along with hours needed to complete products. This employee and production data can be combined to analyze employee productivity based on how much product is being made. Management can break down the data to show how much product is being made on average in an hour, how many dollars it take
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