Identify four of the common applications of spreadsheets in law offices.
What will be an ideal response?
ANS:
The common applications of spreadsheets in law offices include:
1. Tax planning and tax returns
2. Estate planning
3. Calculations for bankruptcy actions
4. Child support calculations
5. Alimony payments
6. Divorce asset distributions
7. Truth-in-Lending statements for real estate transactions
8. Amortization schedules
9. Loan/payment calculations
10. Calculations for collection actions regarding principal and interest due
11. Present value and future value calculations regarding damages
12. Lost wages and benefits calculations for worker’s compensation claims
13. Back wages and benefits regarding employment/discrimination actions
14. Budgeting
15. Accounting-related calculations
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What will be an ideal response?
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What will be an ideal response?
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