All employees at a company will receive a salary raise equal to the cost of...
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Accounting
All employees at a company will receive a salary raise equal to the cost of living increase of 3%. What is the correct formula to use in cell C3 to calculate Allen Andrew's 2019 salary? The correct formula must use absolute addressing where appropriate so that when the formula is copied down the column, it will calculate the other employees' 2019 salaries correctly.
A
B
C
1
Cost of Living Increase
3%
2
2018 Salary
2019 Salary
3
Allen Andrews
$40,000
4
Betty Brown
$50,000
5
Carl Carson
$45,000
6
Diane Davies
$60,000
Question 6 options:
a)
40000 * (1.03)
b)
=B3 * (1 + C1)
c)
=B3 * (1 + $C$1)
d)
=$B$3 * (1 + C1)
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