Enter a formula in cell B25 to calculate the daily bill for Monday, July 29. The formula should calculate the total billable hours for the day (cell B23) times the billable rate (B4). Be sure to use an absolute cell reference for the billable rate.

The Excel formula in cell B25 that can be used to calculate the daily bill for Monday, July 29 is =($B$4 × B23)

An excel formula represents the expression of a code in an Excel sheet that operates within a range of cell(s).

From the parameters  given:

By using the absolute reference for billable rate, we need to begin the formula with a $ sign, the cell name in conjunction with the cell number is being separated by a $ sign.

Therefore, the cell in B4 can be written as:

Now, multiplying it with cell in B23, we have using the excel formula method, we have:

=($B$4 × B23)

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=($B$4 * B23)

Explanation:

Given

Billable Rate: B4

Total Billable Hours: B23

Required:

Daily Bill: B25

Write the following formula in cell B25

=($B$4 * B23)

The question asks that the cell for billable rate should be referenced using the absolute cell reference.

To use absolute reference in a cell, we start by writing a dollar sign and we also separate the cell name and the cell number with a dollar sign.

Hence, cell B4 becomes $B$4

Also, the question asks that the cell $B$4 be multiplied by cell B23.

To write a formula in Excel, we start by writing the equal to sign (=), then we continue with the expression itself

$B$4 multiplied by cell B23 will be written as $B$4 * B23

So, the full formula to calculate daily bill that'll be written in cell B25 becomes is =($B$4 * B23)