AmlaniBank is a small boutique bank based out of Vancouver, BC that receives thousands of credit card applications each year. It has had tremendous success by extending credit only to customers whose current account balances exceed the amount of credit card debt that they have at the time of their application. AmlaniBank managers want to use Excel to determine whether they should "accept" or reject" each application. Using the information below, what is the correct formula that should be entered in cell D2? Note: the word displayed must either be accept or reject.

Question

BlackTom AI · Accepted Answer

Let's restate the scenario and each option in turn to understand how the decision should be made. The bank should accept an application when the Current Account Balance (column B) is greater than the Current Credit Card Debt (column C). In other words, acceptance should occur if B2 > C2; otherwise, reject. Option 1: =IF(C2 C2. If true, it returns "accept"; if false, it returns "reject". Since the comparison is strictly greater-than, this aligns with the requirement that the balance exceed the debt. Option 2: =IF(B2>C2,"accept","reject") - This directly tests whether B2 is greater than C2. If true, it returns "accept"; if false, it returns "reject". This is the same logical condition as in Option 1, just written with the operands in the opposite order. Option 3: =IF(C2>B2,"reject","accept") - Here the test is C2 > B2, meaning the debt exceeds the balance. If true, it returns "reject"; if false, it returns "accept". This is logically the inverse of what we need and would reverse the decision about accept/reject relative to the requirement. Option 4: =IF(B2 debt), so it would lead to the opposite outcome compared to the requirement when B2 and C2 are not equal. In summary, Options 1 and 2 implement the same acceptance rule (accept when balance exceeds debt) and are logically equivalent to each other. Options 3 and 4 implement the opposite decision rule, leading to incorrect accept/reject outcomes under the stated policy. The key concept is using a strict greater-than comparison to reflect the requirement that the balance must exceed the debt, not merely be equal to or less than it. If the balance and debt are exactly equal, neither option should accept, and both 1 and 2 correctly yield "reject" in that case.

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