enter a formula in cell b10 to return a value of 35000 if the net profit after tax (cell B() is greater than or equal to 350000

Solution explanation:

The formula to place in cell B10 is:

IF(B9 >= 350000, 35000, 1000)

This aligns with the general formula:

IF(logical_test, [value_if_true], [value_if_false])

Here, the logical_test evaluates the Net Profit After Tax in cell B9.

If B9 is greater than or equal to 350000, the formula returns 35000;

if it is less, the output is 1000.

Therefore, when the condition is met, the true value of 35000 is returned; otherwise, 1000 is selected.

Additional resources:

1. Learn more about asset sale taxation: brainly.com/question/2617534

2. Learn more about income tax: brainly.com/question/2996312

3. Learn about excise tax: brainly.com/question/8827242

4. Understand money's role: brainly.com/question/12984919

Answer details:

Grade: Middle School

Subject: Business Studies

Chapter: Taxation

Keywords: Taxation, formula, cell B10, B20, return value, 350000, 1000, comparison, net profit after tax, logical test, true, false, condition, statement

Detailed instructions:

Enter the following expression into cell B10:

IF(B9 >= 350000, 35000, 1000)

This formula follows the structure:

IF(logical_test, value_if_true, value_if_false)

Where logical_test examines the net profit after tax in cell B9.

If the value in B9 is at least 350000, the formula returns 35000;

otherwise, it yields 1000.