MS Excel
It is acceptable to let long text flow into adjacent cells on a worksheet when

There is not time to format the text
Data will be entered in the adjacent cells
There is no suitable abbreviation for the text
No data will be entered in the adjacent cells

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MS Excel
Text formulas:

Show formula error value
Concatenate and manipulate text
Replace cell references
Return ASCII values of characters

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MS Excel
To create a formula, you first:

Type the equals sign (=) to tell Excel that you’re about to enter a formula
Choose the new command from the file menu
Enter the formula using any input values and the appropriate mathematical operators that make up your formula
Select the cell you want to place the formula into

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